$SACH
Sachem Capital Corp.

2024 Q3 Form 10-Q Financial Statement

#000141057824001401 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $14.79M $15.15M $16.46M
YoY Change -15.68% -7.97% 31.35%
Cost Of Revenue $6.836M $6.973M $7.139M
YoY Change -10.99% -2.32% 36.7%
Gross Profit $7.949M $8.173M $9.319M
YoY Change -19.3% -12.3% 27.53%
Gross Profit Margin 53.76% 53.96% 56.62%
Selling, General & Admin $4.046M $2.623M $2.880M
YoY Change 32.22% -8.92% 57.04%
% of Gross Profit 50.9% 32.09% 30.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $92.00K $94.83K $69.37K
YoY Change 53.33% 36.7% 211.92%
% of Gross Profit 1.16% 1.16% 0.74%
Operating Expenses $12.48M $11.49M $3.188M
YoY Change 281.68% 260.4% 64.88%
Operating Profit -$4.822M -$3.315M $6.132M
YoY Change -173.28% -154.06% 14.09%
Interest Expense -$229.0K $61.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$229.0K $259.0K $212.8K
YoY Change -168.06% 21.7% 63.63%
Pretax Income -$5.051M -$3.056M $5.698M
YoY Change -181.6% -153.63% 9.0%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$5.051M -$3.056M $5.698M
YoY Change -181.6% -153.63% 9.0%
Net Earnings / Revenue -34.16% -20.18% 34.62%
Basic Earnings Per Share -$0.13 -$0.09 $0.11
Diluted Earnings Per Share -$0.13 -$0.09 $0.11
COMMON SHARES
Basic Shares Outstanding 47.43M 47.45M 43.89M
Diluted Shares Outstanding 47.34M 47.50M 43.84M

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.881M $10.58M $15.13M
YoY Change -77.21% -30.09% -48.06%
Cash & Equivalents $5.900M $10.58M $15.13M
Short-Term Investments
Other Short-Term Assets $2.000K $66.00K $567.5K
YoY Change -57.66% -88.37% 233.55%
Inventory
Prepaid Expenses
Receivables $6.918M $13.27M $7.736M
Other Receivables $7.643M $6.853M $10.77M
Total Short-Term Assets $20.66M $31.01M $33.89M
YoY Change -54.79% -8.5% -14.54%
LONG-TERM ASSETS
Property, Plant & Equipment $3.249M $3.277M $4.535M
YoY Change -5.38% -27.74% 54.08%
Goodwill $391.0K $391.0K $391.0K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $68.65M $60.65M $72.60M
YoY Change -21.46% -16.45% 34.45%
Other Assets $593.0K $627.0K $267.9K
YoY Change -15.29% 134.01% 489.92%
Total Long-Term Assets $534.8M $555.3M $590.1M
YoY Change -9.69% -5.9% 21.5%
TOTAL ASSETS
Total Short-Term Assets $20.66M $31.01M $33.89M
Total Long-Term Assets $534.8M $555.3M $590.1M
Total Assets $555.5M $586.3M $624.0M
YoY Change -12.92% -6.04% 18.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.691M $1.253M $1.632M
YoY Change 40.92% -23.21% 817.35%
Accrued Expenses $379.0K $442.0K $492.3K
YoY Change -5.25% -10.22% 5.6%
Deferred Revenue
YoY Change
Short-Term Debt $35.50M $55.00M $35.90M
YoY Change -30.8% 53.2% 53.38%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $45.85M $66.69M $50.61M
YoY Change -30.43% 31.78% 43.02%
LONG-TERM LIABILITIES
Long-Term Debt $285.0M $283.9M $339.6M
YoY Change -13.85% -16.38% 21.12%
Other Long-Term Liabilities $4.034M $5.512M $4.816M
YoY Change -27.96% 14.46% 4.06%
Total Long-Term Liabilities $289.0M $289.5M $344.4M
YoY Change -14.09% -15.95% 20.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $45.85M $66.69M $50.61M
Total Long-Term Liabilities $289.0M $289.5M $344.4M
Total Liabilities $334.9M $356.2M $395.0M
YoY Change -16.77% -9.83% 23.29%
SHAREHOLDERS EQUITY
Retained Earnings -$35.75M -$25.81M -$7.222M
YoY Change 352.92% 257.38%
Common Stock $47.00K $48.00K $43.82K
YoY Change 3.61% 9.53%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $220.6M $230.2M $229.0M
YoY Change
Total Liabilities & Shareholders Equity $555.5M $586.3M $624.0M
YoY Change -12.92% -6.04% 18.78%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$5.051M -$3.056M $5.698M
YoY Change -181.6% -153.63% 9.0%
Depreciation, Depletion And Amortization $92.00K $94.83K $69.37K
YoY Change 53.33% 36.7% 211.92%
Cash From Operating Activities $2.331M $6.962M $7.076M
YoY Change -65.97% -1.6% -3263.74%
INVESTING ACTIVITIES
Capital Expenditures $11.49K $88.61K
YoY Change -87.03% -113.54%
Acquisitions
YoY Change
Other Investing Activities $16.70M $23.23M -$31.12M
YoY Change -637.04% -174.65% -56.46%
Cash From Investing Activities $16.73M $23.21M -$31.20M
YoY Change -791.24% -174.4% -56.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -23.76M -38.01M 18.92M
YoY Change -480.69% -300.87% -56.61%
NET CHANGE
Cash From Operating Activities 2.331M 6.962M 7.076M
Cash From Investing Activities 16.73M 23.21M -31.20M
Cash From Financing Activities -23.76M -38.01M 18.92M
Net Change In Cash -4.696M -7.836M -5.204M
YoY Change -144.01% 50.59% -81.89%
FREE CASH FLOW
Cash From Operating Activities $2.331M $6.962M $7.076M
Capital Expenditures $11.49K $88.61K
Free Cash Flow $6.951M $6.987M
YoY Change -0.52% 1522.57%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
dei Entity Central Index Key
EntityCentralIndexKey
0001682220
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Amendment Flag
AmendmentFlag
false
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
47547051
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
46765483
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47504875
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47415630
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43844285
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43321303
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-06-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-37997
dei Entity Registrant Name
EntityRegistrantName
SACHEM CAPITAL CORP.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NY
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
81-3467779
dei Entity Address Address Line1
EntityAddressAddressLine1
568 East Main Street,
dei Entity Address City Or Town
EntityAddressCityOrTown
Branford
dei Entity Address State Or Province
EntityAddressStateOrProvince
CT
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
06405
dei City Area Code
CityAreaCode
203
dei Local Phone Number
LocalPhoneNumber
433-4736
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
47431922
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10577000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12598000
CY2024Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
1798000
CY2023Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
37776000
CY2024Q2 sach Mortgages Receivable
MortgagesReceivable
500133000
CY2023Q4 sach Mortgages Receivable
MortgagesReceivable
499235000
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
14405000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
7523000
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
485728000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
491712000
CY2024Q2 us-gaap Interest Receivable
InterestReceivable
7769000
CY2023Q4 us-gaap Interest Receivable
InterestReceivable
8475000
CY2024Q2 sach Due From Borrowers
DueFromBorrowers
5636000
CY2023Q4 sach Due From Borrowers
DueFromBorrowers
5597000
CY2024Q2 sach Investments In Rental Real Estate Net
InvestmentsInRentalRealEstateNet
3872000
CY2023Q4 sach Investments In Rental Real Estate Net
InvestmentsInRentalRealEstateNet
3462000
CY2024Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
46952000
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
43036000
CY2024Q2 sach Investments In Rental Real Estates Net
InvestmentsInRentalRealEstatesNet
11904000
CY2023Q4 sach Investments In Rental Real Estates Net
InvestmentsInRentalRealEstatesNet
10554000
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3277000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3373000
CY2024Q2 us-gaap Other Assets
OtherAssets
8808000
CY2023Q4 us-gaap Other Assets
OtherAssets
8956000
CY2024Q2 us-gaap Assets
Assets
586321000
CY2023Q4 us-gaap Assets
Assets
625539000
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4826000
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6048000
CY2024Q2 us-gaap Unsecured Debt
UnsecuredDebt
259913000
CY2023Q4 us-gaap Unsecured Debt
UnsecuredDebt
282353000
CY2024Q2 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
22993000
CY2023Q4 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
26461000
CY2024Q2 sach Mortgage Payable
MortgagePayable
1042000
CY2023Q4 sach Mortgage Payable
MortgagePayable
1081000
CY2024Q2 us-gaap Line Of Credit
LineOfCredit
55000000
CY2023Q4 us-gaap Line Of Credit
LineOfCredit
61792000
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
5144000
CY2024Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
2800000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
2322000
CY2024Q2 us-gaap Advance Payments By Borrowers For Taxes And Insurance
AdvancePaymentsByBorrowersForTaxesAndInsurance
8893000
CY2023Q4 us-gaap Advance Payments By Borrowers For Taxes And Insurance
AdvancePaymentsByBorrowersForTaxesAndInsurance
10998000
CY2024Q2 sach Below Market Lease Intangible Liabilities
BelowMarketLeaseIntangibleLiabilities
665000
CY2023Q4 sach Below Market Lease Intangible Liabilities
BelowMarketLeaseIntangibleLiabilities
665000
CY2024Q2 us-gaap Deferred Revenue
DeferredRevenue
4847000
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
4647000
CY2024Q2 us-gaap Liabilities
Liabilities
356153000
CY2023Q4 us-gaap Liabilities
Liabilities
395463000
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2024Q2 us-gaap Preferred Stock Value
PreferredStockValue
2000
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
2000
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
47547051
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
46765483
CY2024Q2 us-gaap Common Stock Value
CommonStockValue
48000
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
47000
CY2024Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
255928000
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
249826000
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
316000
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-25810000
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-20115000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
230168000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
230076000
CY2024Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
586321000
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
625539000
CY2024Q2 us-gaap Interest Income Debt Securities Operating
InterestIncomeDebtSecuritiesOperating
11754000
CY2023Q2 us-gaap Interest Income Debt Securities Operating
InterestIncomeDebtSecuritiesOperating
11898000
us-gaap Interest Income Debt Securities Operating
InterestIncomeDebtSecuritiesOperating
24395000
us-gaap Interest Income Debt Securities Operating
InterestIncomeDebtSecuritiesOperating
22882000
CY2024Q2 us-gaap Fee Income
FeeIncome
2083000
CY2023Q2 us-gaap Fee Income
FeeIncome
3319000
us-gaap Fee Income
FeeIncome
4699000
us-gaap Fee Income
FeeIncome
5489000
CY2024Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
1217000
CY2023Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
1006000
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
2413000
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
1556000
CY2024Q2 us-gaap Other Operating Income
OtherOperatingIncome
70000
CY2023Q2 us-gaap Other Operating Income
OtherOperatingIncome
34000
us-gaap Other Operating Income
OtherOperatingIncome
386000
us-gaap Other Operating Income
OtherOperatingIncome
633000
CY2024Q2 us-gaap Other Income
OtherIncome
22000
CY2023Q2 us-gaap Other Income
OtherIncome
16000
us-gaap Other Income
OtherIncome
57000
us-gaap Other Income
OtherIncome
30000
CY2024Q2 us-gaap Revenues
Revenues
15146000
CY2023Q2 us-gaap Revenues
Revenues
16273000
us-gaap Revenues
Revenues
31950000
us-gaap Revenues
Revenues
30590000
CY2024Q2 sach Interest And Amortization Of Debt Service Costs
InterestAndAmortizationOfDebtServiceCosts
6973000
CY2023Q2 sach Interest And Amortization Of Debt Service Costs
InterestAndAmortizationOfDebtServiceCosts
7139000
sach Interest And Amortization Of Debt Service Costs
InterestAndAmortizationOfDebtServiceCosts
14442000
sach Interest And Amortization Of Debt Service Costs
InterestAndAmortizationOfDebtServiceCosts
14012000
CY2024Q2 us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
1365000
CY2023Q2 us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
1562000
us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
3308000
us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
3342000
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1258000
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1317000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2496000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2215000
CY2024Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
8503000
CY2023Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
94000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
9868000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
197000
CY2024Q2 us-gaap Other Expenses
OtherExpenses
362000
CY2023Q2 us-gaap Other Expenses
OtherExpenses
213000
us-gaap Other Expenses
OtherExpenses
866000
us-gaap Other Expenses
OtherExpenses
297000
CY2024Q2 us-gaap Costs And Expenses
CostsAndExpenses
18461000
CY2023Q2 us-gaap Costs And Expenses
CostsAndExpenses
10325000
us-gaap Costs And Expenses
CostsAndExpenses
30980000
us-gaap Costs And Expenses
CostsAndExpenses
20063000
CY2024Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-3315000
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
5948000
us-gaap Operating Income Loss
OperatingIncomeLoss
970000
us-gaap Operating Income Loss
OperatingIncomeLoss
10527000
CY2024Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
77000
CY2023Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
413000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
77000
us-gaap Asset Impairment Charges
AssetImpairmentCharges
413000
CY2024Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
275000
CY2023Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-21000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
264000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
127000
CY2024Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
61000
CY2023Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
184000
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
458000
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
577000
CY2024Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
259000
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-250000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
645000
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
291000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-3056000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
5698000
us-gaap Net Income Loss
NetIncomeLoss
1615000
us-gaap Net Income Loss
NetIncomeLoss
10818000
CY2024Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1068000
CY2023Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
925000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
2091000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
1850000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4124000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4773000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-476000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8968000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47504875
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43844285
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47415630
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43321303
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47504875
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43844285
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47415630
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43321303
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-3056000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
5698000
us-gaap Net Income Loss
NetIncomeLoss
1615000
us-gaap Net Income Loss
NetIncomeLoss
10818000
CY2024Q2 sach Oci Debt Securities Available For Sale Unrealized Holding Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax
-126000
CY2023Q2 sach Oci Debt Securities Available For Sale Unrealized Holding Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax
94000
sach Oci Debt Securities Available For Sale Unrealized Holding Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax
-251000
sach Oci Debt Securities Available For Sale Unrealized Holding Gain Loss After Tax
OciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAfterTax
185000
CY2024Q2 sach Reversal Of Losses From Unrealized To Realized
ReversalOfLossesFromUnrealizedToRealized
-65000
sach Reversal Of Losses From Unrealized To Realized
ReversalOfLossesFromUnrealizedToRealized
-65000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3247000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5792000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1299000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11003000
CY2024Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1068000
CY2023Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
925000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
2091000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
1850000
CY2024Q2 sach Comprehensive Income Loss Net Of Tax Available To Common Stockholders Basic
ComprehensiveIncomeLossNetOfTaxAvailableToCommonStockholdersBasic
-4315000
CY2023Q2 sach Comprehensive Income Loss Net Of Tax Available To Common Stockholders Basic
ComprehensiveIncomeLossNetOfTaxAvailableToCommonStockholdersBasic
4867000
sach Comprehensive Income Loss Net Of Tax Available To Common Stockholders Basic
ComprehensiveIncomeLossNetOfTaxAvailableToCommonStockholdersBasic
-792000
sach Comprehensive Income Loss Net Of Tax Available To Common Stockholders Basic
ComprehensiveIncomeLossNetOfTaxAvailableToCommonStockholdersBasic
9153000
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
237443000
CY2024Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
198000
CY2024Q2 us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
-126000
CY2024Q2 sach Reversal Of Losses From Unrealized To Realized
ReversalOfLossesFromUnrealizedToRealized
-65000
CY2024Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1068000
CY2024Q2 us-gaap Dividends Common Stock
DividendsCommonStock
5219000
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-3056000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
230168000
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
228996000
CY2023Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
509000
CY2023Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
225000
CY2023Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
222000
CY2023Q2 us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
94000
CY2023Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
925000
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
5706000
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
5698000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
229043000
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
230076000
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
2050000
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
437000
us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
-251000
sach Reversal Of Losses From Unrealized To Realized
ReversalOfLossesFromUnrealizedToRealized
-65000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
2091000
us-gaap Dividends Common Stock
DividendsCommonStock
5219000
us-gaap Net Income Loss
NetIncomeLoss
1615000
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
230168000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
217708000
sach Adjustment To Accumulated Deficit
AdjustmentToAccumulatedDeficit
2490000
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
9689000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
225000
us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
396000
us-gaap Debt Securities Unrealized Gain Loss
DebtSecuritiesUnrealizedGainLoss
185000
us-gaap Dividends Preferred Stock
DividendsPreferredStock
1850000
us-gaap Dividends Common Stock
DividendsCommonStock
5705000
us-gaap Net Income Loss
NetIncomeLoss
10818000
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
229043000
us-gaap Profit Loss
ProfitLoss
1615000
us-gaap Profit Loss
ProfitLoss
10818000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1275000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1225000
us-gaap Depreciation
Depreciation
189000
us-gaap Depreciation
Depreciation
109000
us-gaap Share Based Compensation
ShareBasedCompensation
437000
us-gaap Share Based Compensation
ShareBasedCompensation
396000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
9868000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
197000
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
77000
us-gaap Other Asset Impairment Charges
OtherAssetImpairmentCharges
413000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
264000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
127000
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
458000
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
577000
sach Increase Decrease In Interest And Fees Receivable
IncreaseDecreaseInInterestAndFeesReceivable
-411000
sach Increase Decrease In Interest And Fees Receivable
IncreaseDecreaseInInterestAndFeesReceivable
1456000
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-80000
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
700000
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
624000
us-gaap Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
1521000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
478000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
153000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
200000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
455000
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
-2105000
us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
2694000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
9564000
us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
1261000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11179000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
12079000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
7767000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
18347000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
43964000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
6560000
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
3916000
us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
4568000
us-gaap Payments For Proceeds From Real Estate Heldforinvestment
PaymentsForProceedsFromRealEstateHeldforinvestment
-1403000
us-gaap Payments For Proceeds From Real Estate Heldforinvestment
PaymentsForProceedsFromRealEstateHeldforinvestment
-191000
sach Payments To Acquire Real Estate Held For Investments
PaymentsToAcquireRealEstateHeldForInvestments
180000
sach Proceeds From Sale Purchases Of Property And Equipment Net
ProceedsFromSalePurchasesOfPropertyAndEquipmentNet
-26000
sach Proceeds From Sale Purchases Of Property And Equipment Net
ProceedsFromSalePurchasesOfPropertyAndEquipmentNet
-722000
us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
1424000
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
84328000
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
114468000
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
79628000
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
66356000
sach Other Assets Pre Offering Costs
OtherAssetsPreOfferingCosts
-19000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
27534000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-65159000
sach Proceeds Repayments From Lines Of Credit
ProceedsRepaymentsFromLinesOfCredit
-6792000
sach Proceeds Repayments From Lines Of Credit
ProceedsRepaymentsFromLinesOfCredit
32313000
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
-3468000
us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
7976000
us-gaap Proceeds From Repayments Of First Mortgage Bond
ProceedsFromRepaymentsOfFirstMortgageBond
-39000
us-gaap Proceeds From Repayments Of First Mortgage Bond
ProceedsFromRepaymentsOfFirstMortgageBond
899000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10363000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
11048000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2091000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1850000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2050000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9689000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
225000
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
3616000
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
517000
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-23647000
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
6225000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-40734000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
44496000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2021000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8584000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
12598000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23713000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10577000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15129000
us-gaap Interest Paid Net
InterestPaidNet
13208000
us-gaap Interest Paid Net
InterestPaidNet
12663000
CY2024Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1627000
CY2023Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1187000
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
1980000
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
1370000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2024Q2 sach Loan Pre Foreclosure Amount
LoanPreForeclosureAmount
73100000
CY2023Q4 sach Loan Pre Foreclosure Amount
LoanPreForeclosureAmount
68100000
CY2024Q2 sach Loan Pre Foreclosure Amount On Allowance For Credit Loss
LoanPreForeclosureAmountOnAllowanceForCreditLoss
11300000
CY2023Q4 sach Loan Pre Foreclosure Amount On Allowance For Credit Loss
LoanPreForeclosureAmountOnAllowanceForCreditLoss
6200000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
7523000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
6882000
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
14405000
CY2023Q4 sach Interest And Fees Receivable For Allowances Of Credit Losses
InterestAndFeesReceivableForAllowancesOfCreditLosses
902000
sach Interest And Fees Receivable Credit Loss Expense Reversal
InterestAndFeesReceivableCreditLossExpenseReversal
956000
CY2024Q2 sach Interest And Fees Receivable For Allowances Of Credit Losses
InterestAndFeesReceivableForAllowancesOfCreditLosses
1858000
CY2023Q4 sach Allowance For Credit Losses Due From Borrowers
AllowanceForCreditLossesDueFromBorrowers
352000
sach Due From Borrowers Credit Loss Expense Reversal
DueFromBorrowersCreditLossExpenseReversal
1381000
CY2024Q2 sach Allowance For Credit Losses Due From Borrowers
AllowanceForCreditLossesDueFromBorrowers
1733000
CY2023Q4 sach Unfunded Commitments For Allowances Of Credit Losses
UnfundedCommitmentsForAllowancesOfCreditLosses
509000
sach Unfunded Commitments Credit Loss Expense Reversal
UnfundedCommitmentsCreditLossExpenseReversal
596000
CY2024Q2 sach Unfunded Commitments For Allowances Of Credit Losses
UnfundedCommitmentsForAllowancesOfCreditLosses
1105000
CY2023Q4 sach Financing Receivable Excluding Accrued Interest And Unfunded Commitments Allowance For Credit Losses
FinancingReceivableExcludingAccruedInterestAndUnfundedCommitmentsAllowanceForCreditLosses
9286000
us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Period Increase Decrease
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossPeriodIncreaseDecrease
9815000
CY2024Q2 sach Financing Receivable Excluding Accrued Interest And Unfunded Commitments Allowance For Credit Losses
FinancingReceivableExcludingAccruedInterestAndUnfundedCommitmentsAllowanceForCreditLosses
19101000
sach Provision For Loan And Losses Charge Off
ProvisionForLoanAndLossesChargeOff
50000.00
sach Provision For Loan Lease And Other Losses Net
ProvisionForLoanLeaseAndOtherLossesNet
9900000
sach Provision For Loan And Losses Charge Off
ProvisionForLoanAndLossesChargeOff
0
CY2023Q2 sach Provision For Loan And Losses Charge Off
ProvisionForLoanAndLossesChargeOff
0
CY2024Q2 sach Provision For Loan And Losses Charge Off
ProvisionForLoanAndLossesChargeOff
0
CY2024Q2 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
0
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
800000
CY2024Q2 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
0
CY2023Q4 us-gaap Debt Securities Available For Sale Excluding Accrued Interest
DebtSecuritiesAvailableForSaleExcludingAccruedInterest
800000
CY2024Q2 us-gaap Debt Securities Available For Sale Amortized Cost Excluding Accrued Interest After Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss
1600000
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3800000
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
523000
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3277000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3782000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
409000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3373000
CY2023Q2 us-gaap Goodwill
Goodwill
400000
CY2024Q2 us-gaap Goodwill
Goodwill
400000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2023Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2024Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47504875
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47415630
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43844285
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43321303
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Reclassifications</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">Certain amounts included in the Company’s June 30, 2023 and December 31, 2023 consolidated financial statements have been reclassified to conform to the presentation in the accompanying unaudited consolidated financial statements.</p>
CY2024Q2 sach Stocks And Exchange Traded Funds Fair Value Disclosure
StocksAndExchangeTradedFundsFairValueDisclosure
1798000
CY2024Q2 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
1798000
CY2023Q4 sach Stocks And Exchange Traded Funds Fair Value Disclosure
StocksAndExchangeTradedFundsFairValueDisclosure
1755000
CY2023Q4 sach Mutual Funds Fair Value Disclosure
MutualFundsFairValueDisclosure
16237000
CY2023Q4 us-gaap Debt Securities
DebtSecurities
19784000
CY2023Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
37776000
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0
CY2023Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
800000
CY2024Q2 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
0
CY2023Q4 us-gaap Debt Securities Available For Sale Amortized Cost Allowance For Credit Loss Excluding Accrued Interest
DebtSecuritiesAvailableForSaleAmortizedCostAllowanceForCreditLossExcludingAccruedInterest
800000
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
0
CY2023Q2 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
0
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
0
CY2024Q2 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
0
CY2024Q1 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
191000
CY2023Q1 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
-470000
CY2023Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
316000
CY2022Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
-561000
CY2024Q2 sach Reversal Of Losses From Unrealized To Realized
ReversalOfLossesFromUnrealizedToRealized
-65000
sach Reversal Of Losses From Unrealized To Realized
ReversalOfLossesFromUnrealizedToRealized
-65000
CY2024Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-126000
CY2023Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
94000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-251000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
185000
CY2024Q2 sach Change In Oci From Available For Sale Unrealized Holding Gain Loss After Tax
ChangeInOciFromAvailableForSaleUnrealizedHoldingGainLossAfterTax
191000
CY2023Q2 sach Change In Oci From Available For Sale Unrealized Holding Gain Loss After Tax
ChangeInOciFromAvailableForSaleUnrealizedHoldingGainLossAfterTax
-94000
sach Change In Oci From Available For Sale Unrealized Holding Gain Loss After Tax
ChangeInOciFromAvailableForSaleUnrealizedHoldingGainLossAfterTax
316000
sach Change In Oci From Available For Sale Unrealized Holding Gain Loss After Tax
ChangeInOciFromAvailableForSaleUnrealizedHoldingGainLossAfterTax
-185000
CY2023Q2 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
-376000
CY2023Q2 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
-376000
CY2024Q2 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
3100000
CY2023Q2 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
38900000
us-gaap Real Estate Owned Valuation Allowance Period Increase Decrease
RealEstateOwnedValuationAllowancePeriodIncreaseDecrease
2000000.0
us-gaap Real Estate Owned Valuation Allowance Period Increase Decrease
RealEstateOwnedValuationAllowancePeriodIncreaseDecrease
1400000
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
84300000
sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
114500000
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
79600000
sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
66400000
CY2024Q2 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
41700000
CY2023Q2 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
34000000.0
sach Mortgage Loans On Real Estate Default Interest Rate
MortgageLoansOnRealEstateDefaultInterestRate
0.18
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
7523000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
6882000
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
14405000
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
500133000
CY2024Q2 sach Financing Receivable Percentage Of Portfolio
FinancingReceivablePercentageOfPortfolio
1.000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
499235000
CY2023Q4 sach Financing Receivable Percentage Of Portfolio
FinancingReceivablePercentageOfPortfolio
1.000
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
14405000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
7523000
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
485728000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
491712000
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
500133000
CY2024Q2 sach Financing Receivable Percentage Of Portfolio
FinancingReceivablePercentageOfPortfolio
1.000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
499235000
CY2023Q4 sach Financing Receivable Percentage Of Portfolio
FinancingReceivablePercentageOfPortfolio
1.000
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
14405000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
7523000
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
485728000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
491712000
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
500133000
CY2024Q2 srt Financing Receivable Before Allowance For Credit Loss To Total Percent
FinancingReceivableBeforeAllowanceForCreditLossToTotalPercent
1.000
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
38239000
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
89383000
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
148273000
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
194918000
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
29320000
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
14405000
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
485728000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
499235000
CY2023Q4 srt Financing Receivable Before Allowance For Credit Loss To Total Percent
FinancingReceivableBeforeAllowanceForCreditLossToTotalPercent
1.000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
86742000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
173756000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
201967000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
16780000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
19990000
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
7523000
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
491712000
CY2024Q2 us-gaap Financing Receivable Before Allowance For Credit Loss Maturity Year One
FinancingReceivableBeforeAllowanceForCreditLossMaturityYearOne
301357000
CY2024Q2 sach Financing Receivable Before Allowance For Credit Loss Maturity Year Two
FinancingReceivableBeforeAllowanceForCreditLossMaturityYearTwo
168892000
CY2024Q2 sach Financing Receivable Before Allowance For Credit Loss Maturity Year Three
FinancingReceivableBeforeAllowanceForCreditLossMaturityYearThree
28755000
CY2024Q2 sach Financing Receivable Before Allowance For Credit Loss Maturity After Year Three
FinancingReceivableBeforeAllowanceForCreditLossMaturityAfterYearThree
1129000
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
500133000
CY2024Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
14405000
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
485728000
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
262
srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
262
CY2024Q2 sach Mortgage Loans Number Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansNumberOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
79
sach Mortgage Loans Percentage Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansPercentageOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
0.302
CY2024Q2 sach Mortgage Loans Amount Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansAmountOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
132000000.0
CY2024Q2 sach Mortgage Loans Number Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansNumberOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
79
CY2023 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
311
CY2023Q4 sach Mortgage Loans Number Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansNumberOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
89
CY2023 sach Mortgage Loans Percentage Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansPercentageOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
0.286
CY2023Q4 sach Mortgage Loans Amount Of Loans Matured But Not Have Been Repaid In Full Or Extended
MortgageLoansAmountOfLoansMaturedButNotHaveBeenRepaidInFullOrExtended
123800000
CY2024Q2 us-gaap Financing Receivable Excluding Accrued Interest Modified Period
FinancingReceivableExcludingAccruedInterestModifiedPeriod
61000000.0
CY2024Q2 us-gaap Financing Receivable Modification To Total Financing Receivables Excluding Accrued Interest Percent
FinancingReceivableModificationToTotalFinancingReceivablesExcludingAccruedInterestPercent
0.122
CY2023Q2 us-gaap Financing Receivable Excluding Accrued Interest Modified Period
FinancingReceivableExcludingAccruedInterestModifiedPeriod
17700000
CY2023Q2 us-gaap Financing Receivable Modification To Total Financing Receivables Excluding Accrued Interest Percent
FinancingReceivableModificationToTotalFinancingReceivablesExcludingAccruedInterestPercent
0.035
us-gaap Financing Receivable Excluding Accrued Interest Modified Period
FinancingReceivableExcludingAccruedInterestModifiedPeriod
104500000
us-gaap Financing Receivable Modification To Total Financing Receivables Excluding Accrued Interest Percent
FinancingReceivableModificationToTotalFinancingReceivablesExcludingAccruedInterestPercent
0.209
us-gaap Financing Receivable Excluding Accrued Interest Modified Period
FinancingReceivableExcludingAccruedInterestModifiedPeriod
27600000
us-gaap Financing Receivable Modification To Total Financing Receivables Excluding Accrued Interest Percent
FinancingReceivableModificationToTotalFinancingReceivablesExcludingAccruedInterestPercent
0.054
CY2024Q2 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
13400000
CY2023Q2 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
3500000
CY2024Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
12014000
CY2024Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
110000
CY2024Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
11904000
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
10591000
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
37000
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
10554000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
100000
CY2024Q2 sach Investments In Rental Real Estate Net
InvestmentsInRentalRealEstateNet
3900000
CY2023Q4 sach Investments In Rental Real Estate Net
InvestmentsInRentalRealEstateNet
3500000
CY2024Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
-100000
CY2023Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
-200000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
-100000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
-200000
CY2023Q4 sach Investments In Rental Real Estate Net
InvestmentsInRentalRealEstateNet
3462000
CY2022Q4 sach Investments In Rental Real Estate Net
InvestmentsInRentalRealEstateNet
5216000
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
1626000
CY2023 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
1756000
CY2023 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
230000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
1403000
CY2023 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
3040000
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
-77000
CY2023 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
-794000
sach Gain Losses On Sale Of Real Estate Owned
GainLossesOnSaleOfRealEstateOwned
264000
CY2023 sach Gain Losses On Sale Of Real Estate Owned
GainLossesOnSaleOfRealEstateOwned
94000
CY2024Q2 sach Investments In Rental Real Estate Net
InvestmentsInRentalRealEstateNet
3872000
CY2023Q4 sach Investments In Rental Real Estate Net
InvestmentsInRentalRealEstateNet
3462000
CY2024Q2 us-gaap Rental Properties
RentalProperties
800000
CY2024Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
3100000
CY2023Q4 us-gaap Rental Properties
RentalProperties
800000
CY2023Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
2700000
CY2024Q2 sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
10
CY2024Q2 sach Gain Loss On Sale Of Real Estate Properties Held For Sale
GainLossOnSaleOfRealEstatePropertiesHeldForSale
300000
sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
11
sach Gain Loss On Sale Of Real Estate Properties Held For Sale
GainLossOnSaleOfRealEstatePropertiesHeldForSale
300000
CY2023Q2 sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
3
CY2023Q2 sach Gain Loss On Sale Of Real Estate Properties Held For Sale
GainLossOnSaleOfRealEstatePropertiesHeldForSale
-20000.00
sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
5
sach Gain Loss On Sale Of Real Estate Properties Held For Sale
GainLossOnSaleOfRealEstatePropertiesHeldForSale
100000
CY2024Q2 sach Number Of Real Estate Properties Held For Rental
NumberOfRealEstatePropertiesHeldForRental
1
sach Real Estate Lease Term
RealEstateLeaseTerm
P5Y
CY2024Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
310000
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
511000
CY2024Q2 us-gaap Other Receivables
OtherReceivables
1217000
CY2023Q4 us-gaap Other Receivables
OtherReceivables
1923000
CY2024Q2 us-gaap Other Assets Current
OtherAssetsCurrent
66000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
230000
CY2024Q2 sach Notes Receivable Current
NotesReceivableCurrent
5499000
CY2023Q4 sach Notes Receivable Current
NotesReceivableCurrent
4508000
CY2024Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
240000
CY2023Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
308000
CY2024Q2 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
387000
CY2023Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
387000
CY2024Q2 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
568000
CY2023Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
568000
CY2024Q2 us-gaap Goodwill
Goodwill
391000
CY2023Q4 us-gaap Goodwill
Goodwill
391000
CY2024Q2 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
130000
CY2023Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
130000
CY2024Q2 us-gaap Other Assets
OtherAssets
8808000
CY2023Q4 us-gaap Other Assets
OtherAssets
8956000
CY2023Q1 sach Term Of Federal Home Loan Bank Of Boston Classic Advance Rate
TermOfFederalHomeLoanBankOfBostonClassicAdvanceRate
P5Y
CY2023Q1 sach Debt Instrument Amortization Period
DebtInstrumentAmortizationPeriod
P20Y
CY2024Q2 sach Notes Issued Denomination
NotesIssuedDenomination
25.00
sach Threshold Percentage Of Taxable Income To Prohibit Distribution
ThresholdPercentageOfTaxableIncomeToProhibitDistribution
0.90
sach Threshold Asset Coverage Ratio
ThresholdAssetCoverageRatio
1.50
sach Period Of Written Notice To Redeem Notes Without Premium Or Penalty
PeriodOfWrittenNoticeToRedeemNotesWithoutPremiumOrPenalty
P30D
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
34500000
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
56364000
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
51750000
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
122125000
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
264739000
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4826000
CY2024Q2 us-gaap Notes Payable
NotesPayable
259913000
CY2024Q2 sach Estimated Amortization Of Deferred Financing Costs Remainder Of Fiscal Year
EstimatedAmortizationOfDeferredFinancingCostsRemainderOfFiscalYear
1114000
CY2024Q2 sach Estimated Amortization Of Deferred Financing Costs In Next Twelve Months
EstimatedAmortizationOfDeferredFinancingCostsInNextTwelveMonths
1808000
CY2024Q2 sach Estimated Amortization Of Deferred Financing Costs In Year Two
EstimatedAmortizationOfDeferredFinancingCostsInYearTwo
1410000
CY2024Q2 sach Estimated Amortization Of Deferred Financing Costs In Year Three
EstimatedAmortizationOfDeferredFinancingCostsInYearThree
494000
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4826000
CY2024Q2 sach Accounts Payable And Accrued Liabilities Other Than Notes And Interest
AccountsPayableAndAccruedLiabilitiesOtherThanNotesAndInterest
1253000
CY2023Q4 sach Accounts Payable And Accrued Liabilities Other Than Notes And Interest
AccountsPayableAndAccruedLiabilitiesOtherThanNotesAndInterest
1331000
CY2024Q2 sach Unfunded Commitments For Allowances Of Credit Losses
UnfundedCommitmentsForAllowancesOfCreditLosses
1105000
CY2023Q4 sach Unfunded Commitments For Allowances Of Credit Losses
UnfundedCommitmentsForAllowancesOfCreditLosses
509000
CY2024Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
442000
CY2023Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
482000
CY2024Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
2800000
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
2322000
CY2024Q2 sach Origination And Modification Fees
OriginationAndModificationFees
1194000
CY2023Q2 sach Origination And Modification Fees
OriginationAndModificationFees
1764000
sach Origination And Modification Fees
OriginationAndModificationFees
2656000
sach Origination And Modification Fees
OriginationAndModificationFees
3240000
CY2024Q2 sach Extension Fees
ExtensionFees
271000
CY2023Q2 sach Extension Fees
ExtensionFees
233000
sach Extension Fees
ExtensionFees
385000
sach Extension Fees
ExtensionFees
414000
CY2024Q2 sach Late And Other Fees Income
LateAndOtherFeesIncome
226000
CY2023Q2 sach Late And Other Fees Income
LateAndOtherFeesIncome
37000
sach Late And Other Fees Income
LateAndOtherFeesIncome
509000
sach Late And Other Fees Income
LateAndOtherFeesIncome
150000
CY2024Q2 sach Income From Processing Fees
IncomeFromProcessingFees
36000
CY2023Q2 sach Income From Processing Fees
IncomeFromProcessingFees
30000
sach Income From Processing Fees
IncomeFromProcessingFees
71000
sach Income From Processing Fees
IncomeFromProcessingFees
62000
CY2024Q2 sach Construction Servicing Fees
ConstructionServicingFees
70000
CY2023Q2 sach Construction Servicing Fees
ConstructionServicingFees
501000
sach Construction Servicing Fees
ConstructionServicingFees
249000
sach Construction Servicing Fees
ConstructionServicingFees
668000
CY2024Q2 sach Income From Legal Fees
IncomeFromLegalFees
75000
CY2023Q2 sach Income From Legal Fees
IncomeFromLegalFees
120000
sach Income From Legal Fees
IncomeFromLegalFees
157000
sach Income From Legal Fees
IncomeFromLegalFees
216000
CY2024Q2 sach Other Fees
OtherFees
211000
CY2023Q2 sach Other Fees
OtherFees
634000
sach Other Fees
OtherFees
672000
sach Other Fees
OtherFees
739000
CY2024Q2 us-gaap Fee Income
FeeIncome
2083000
CY2023Q2 us-gaap Fee Income
FeeIncome
3319000
us-gaap Fee Income
FeeIncome
4699000
us-gaap Fee Income
FeeIncome
5489000
CY2017Q1 sach Employment Agreement Term
EmploymentAgreementTerm
P5Y
CY2017Q1 sach Employment Agreement Extension Term
EmploymentAgreementExtensionTerm
P1Y
CY2017Q1 sach Employment Agreement Notice Period For Non Renewal
EmploymentAgreementNoticePeriodForNonRenewal
P180D
CY2017Q1 us-gaap Officers Compensation
OfficersCompensation
260000
CY2018Q2 us-gaap Officers Compensation
OfficersCompensation
360000
CY2021Q2 us-gaap Officers Compensation
OfficersCompensation
500000
CY2022Q2 us-gaap Officers Compensation
OfficersCompensation
750000
CY2017Q1 sach Employment Agreement Non Competition Period
EmploymentAgreementNonCompetitionPeriod
P2Y
sach Number Of Mortgage Properties
NumberOfMortgageProperties
2
CY2024Q2 sach Amount Of Mortgage Receivable
AmountOfMortgageReceivable
2100000
sach Percentage Of Mortage Loan
PercentageOfMortageLoan
0.363
CY2018Q2 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.03
CY2024Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
30000.00
CY2023Q2 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
30000.00
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
80000.00
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
80000.00
CY2024Q2 sach Investment In Partnership Total Representing Three Limited Liability Companies
InvestmentInPartnershipTotalRepresentingThreeLimitedLiabilityCompanies
47000000.0
CY2024Q2 sach Number Of Limited Liability Companies Managed By Commercial Real Estate Finance Company
NumberOfLimitedLiabilityCompaniesManagedByCommercialRealEstateFinanceCompany
5
CY2024Q2 sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
1200000
CY2023Q2 sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
1000000.0
sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
2400000
sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
1600000
CY2024Q2 sach Unfunded Partnership Commitments
UnfundedPartnershipCommitments
2700000
CY2024Q2 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
72575000

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001410578-24-001401-index-headers.html Edgar Link pending
0001410578-24-001401-index.html Edgar Link pending
0001410578-24-001401.txt Edgar Link pending
0001410578-24-001401-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
sach-20240630.xsd Edgar Link pending
sach-20240630x10q.htm Edgar Link pending
sach-20240630xex31d1.htm Edgar Link pending
sach-20240630xex31d2.htm Edgar Link pending
sach-20240630xex32d1.htm Edgar Link pending
sach-20240630xex32d2.htm Edgar Link pending
Show.js Edgar Link pending
sach-20240630_cal.xml Edgar Link unprocessable
sach-20240630_def.xml Edgar Link unprocessable
sach-20240630_lab.xml Edgar Link unprocessable
sach-20240630_pre.xml Edgar Link unprocessable
sach-20240630x10q_htm.xml Edgar Link completed