2021 Q4 Form 10-K Financial Statement

#000095017022003636 Filed on March 15, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021
Revenue $51.72M $47.23M $189.9M
YoY Change 11.43% 14.3% 8.55%
Cost Of Revenue $2.479M $2.014M $8.282M
YoY Change 25.2% -7.19% 6.18%
Gross Profit $49.24M $45.22M $181.6M
YoY Change 10.82% 15.46% 8.66%
Gross Profit Margin 95.21% 95.74% 95.64%
Selling, General & Admin $6.866M $5.921M $31.73M
YoY Change 14.82% -17.3% -4.43%
% of Gross Profit 13.94% 13.1% 17.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $236.0K $280.0K $1.100M
YoY Change -21.33% -9.68% -8.33%
% of Gross Profit 0.48% 0.62% 0.61%
Operating Expenses $9.316M $8.293M $28.34M
YoY Change 34.62% 6.73% -20.39%
Operating Profit $39.92M $36.92M $153.2M
YoY Change 6.43% 17.62% 16.53%
Interest Expense -$28.13M -$24.81M -$106.0M
YoY Change 20.51% 2.26% 6.1%
% of Operating Profit -70.46% -67.19% -69.17%
Other Income/Expense, Net -$416.0K -$1.186M -$3.150M
YoY Change 89.09% 31.78% 16.67%
Pretax Income $11.38M $10.93M $39.79M
YoY Change -3.2% 117.45% 72.05%
Income Tax $3.024M $2.905M $10.57M
% Of Pretax Income 26.58% 26.59% 26.56%
Net Earnings $8.353M $8.022M $29.22M
YoY Change -12.77% 130.45% 64.39%
Net Earnings / Revenue 16.15% 16.99% 15.39%
Basic Earnings Per Share $0.25 $0.90
Diluted Earnings Per Share $243.1K $0.23 $0.86
COMMON SHARES
Basic Shares Outstanding 20.09M 22.81M
Diluted Shares Outstanding 34.21M 33.98M

Balance Sheet

Concept 2021 Q4 2021 Q3 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.97M $35.50M $35.97M
YoY Change 170.41% 84.88% 170.41%
Cash & Equivalents $35.97M $35.50M $35.97M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses $1.628M
Receivables $13.16M $11.97M $13.16M
Other Receivables $0.00 $0.00 $166.0K
Total Short-Term Assets $49.12M $47.47M $49.29M
YoY Change 98.88% 46.97% 94.82%
LONG-TERM ASSETS
Property, Plant & Equipment $3.830M $3.348M $7.574M
YoY Change -7.6% -23.91% -14.9%
Goodwill $6.775M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $28.24M $26.61M $28.75M
YoY Change 106.15% 174.35% 109.82%
Total Long-Term Assets $2.763B $2.410B $2.763B
YoY Change 32.97% 15.04% 33.0%
TOTAL ASSETS
Total Short-Term Assets $49.12M $47.47M $49.29M
Total Long-Term Assets $2.763B $2.410B $2.763B
Total Assets $2.812B $2.457B $2.812B
YoY Change 33.74% 15.53% 33.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $92.20M $79.36M $88.20M
YoY Change 45.42% 28.21% 39.11%
Accrued Expenses $4.000M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $92.20M $79.36M $92.20M
YoY Change 45.42% 28.21% 45.42%
LONG-TERM LIABILITIES
Long-Term Debt $2.376B $2.046B $2.376B
YoY Change 37.34% 15.89% 37.34%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.376B $2.046B $2.376B
YoY Change 37.34% 15.89% 37.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $92.20M $79.36M $92.20M
Total Long-Term Liabilities $2.376B $2.046B $2.376B
Total Liabilities $2.468B $2.125B $2.471B
YoY Change 37.62% 16.3% 37.81%
SHAREHOLDERS EQUITY
Retained Earnings $44.42M
YoY Change 192.29%
Common Stock $323.0K
YoY Change 60.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $341.1M $242.2M $341.1M
YoY Change
Total Liabilities & Shareholders Equity $2.812B $2.457B $2.812B
YoY Change 33.74% 15.53% 33.74%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021
OPERATING ACTIVITIES
Net Income $8.353M $8.022M $29.22M
YoY Change -12.77% 130.45% 64.39%
Depreciation, Depletion And Amortization $236.0K $280.0K $1.100M
YoY Change -21.33% -9.68% -8.33%
Cash From Operating Activities $18.05M $18.68M $57.62M
YoY Change 2.95% 37.14% 4.97%
INVESTING ACTIVITIES
Capital Expenditures -$147.0K -$51.00K $135.0K
YoY Change -41.2% -82.41% -81.4%
Acquisitions $10.76M
YoY Change
Other Investing Activities -$340.0M -$176.6M -$656.2M
YoY Change -2421.1% -348.98% -834.69%
Cash From Investing Activities -$340.2M -$176.7M -$656.5M
YoY Change -2462.42% -350.07% -848.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $137.0K
YoY Change -99.86%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 324.7M 167.4M 626.2M
YoY Change -939.57% -326.94% -517.75%
NET CHANGE
Cash From Operating Activities 18.05M 18.68M 57.62M
Cash From Investing Activities -340.2M -176.7M -656.5M
Cash From Financing Activities 324.7M 167.4M 626.2M
Net Change In Cash 2.521M 9.421M 27.31M
YoY Change -137.4% -10.28% -476.24%
FREE CASH FLOW
Cash From Operating Activities $18.05M $18.68M $57.62M
Capital Expenditures -$147.0K -$51.00K $135.0K
Free Cash Flow $18.20M $18.73M $57.49M
YoY Change 2.33% 34.64% 6.13%

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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
136800000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
17292000
CY2020 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
2158000
CY2020 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
965000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
152844000
CY2020 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
247740000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
17777000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
219589000
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
90144000
CY2019 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
112000
CY2020 vel Deemed Dividend On Convertible Preferred Stock
DeemedDividendOnConvertiblePreferredStock
-48955000
CY2021 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
6776000
CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
1132000
CY2021 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
1020000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
29224000
CY2021 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
3381000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
344490000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
29224000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
17777000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
17292000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1119000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1219000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1414000
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1292000
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1227000
CY2019 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1054000
CY2021 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-292000
CY2020 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
5068000
CY2019 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1139000
CY2021 vel Provision For Held For Sale Loan Losses
ProvisionForHeldForSaleLoanLosses
2000
CY2020 vel Provision For Held For Sale Loan Losses
ProvisionForHeldForSaleLoanLosses
63000
CY2019 vel Provision For Held For Sale Loan Losses
ProvisionForHeldForSaleLoanLosses
8000
CY2020 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
96064000
CY2019 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
336876000
CY2020 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
80858000
CY2019 us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
192523000
CY2021 us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
1500000
CY2020 us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
1232000
CY2019 us-gaap Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
12919000
CY2021 vel Repayments On Loans Held For Sale
RepaymentsOnLoansHeldForSale
2673000
CY2020 vel Repayments On Loans Held For Sale
RepaymentsOnLoansHeldForSale
19415000
CY2019 vel Repayments On Loans Held For Sale
RepaymentsOnLoansHeldForSale
25137000
CY2021 vel Net Accretion Of Discount On Purchased Loans And Deferred Loan Origination Costs
NetAccretionOfDiscountOnPurchasedLoansAndDeferredLoanOriginationCosts
6519000
CY2020 vel Net Accretion Of Discount On Purchased Loans And Deferred Loan Origination Costs
NetAccretionOfDiscountOnPurchasedLoansAndDeferredLoanOriginationCosts
4587000
CY2019 vel Net Accretion Of Discount On Purchased Loans And Deferred Loan Origination Costs
NetAccretionOfDiscountOnPurchasedLoansAndDeferredLoanOriginationCosts
4904000
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-80000
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
871000
CY2020 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
6911000
CY2019 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
4119000
CY2021 vel Real Estate Acquired Through Foreclosure In Excess Of Recorded Investment
RealEstateAcquiredThroughForeclosureInExcessOfRecordedInvestment
1117000
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
20224000
CY2020 vel Real Estate Acquired Through Foreclosure In Excess Of Recorded Investment
RealEstateAcquiredThroughForeclosureInExcessOfRecordedInvestment
665000
CY2019 vel Real Estate Acquired Through Foreclosure In Excess Of Recorded Investment
RealEstateAcquiredThroughForeclosureInExcessOfRecordedInvestment
291000
CY2020 vel Origination Of Loans Held For Investment
OriginationOfLoansHeldForInvestment
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CY2019 vel Origination Of Loans Held For Investment
OriginationOfLoansHeldForInvestment
682878000
CY2021 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
135787000
CY2020 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
16156000
CY2019 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
10442000
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-18000
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-42000
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-322000
CY2021 vel Change In Valuation Of Real Estate Owned
ChangeInValuationOfRealEstateOwned
1759000
CY2020 vel Change In Valuation Of Real Estate Owned
ChangeInValuationOfRealEstateOwned
1734000
CY2019 vel Change In Valuation Of Real Estate Owned
ChangeInValuationOfRealEstateOwned
1631000
CY2021 vel Increase Decrease In Valuation Of Fair Value Loans
IncreaseDecreaseInValuationOfFairValueLoans
29000
CY2020 vel Increase Decrease In Valuation Of Fair Value Loans
IncreaseDecreaseInValuationOfFairValueLoans
442000
CY2019 vel Increase Decrease In Valuation Of Fair Value Loans
IncreaseDecreaseInValuationOfFairValueLoans
-9000
CY2021 vel Increase Decrease In Valuation Of Held For Sale Loans
IncreaseDecreaseInValuationOfHeldForSaleLoans
17000
CY2020 vel Increase Decrease In Valuation Of Held For Sale Loans
IncreaseDecreaseInValuationOfHeldForSaleLoans
328000
CY2019 vel Increase Decrease In Valuation Of Held For Sale Loans
IncreaseDecreaseInValuationOfHeldForSaleLoans
-224000
CY2021 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
409000
CY2020 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
644000
CY2019 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
207000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
2159000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
965000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9950000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1667000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7763000
CY2021 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
3287000
CY2020 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
5603000
CY2019 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
14452000
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
362000
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-4074000
CY2019 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
3234000
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
16452000
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
11058000
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
18314000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
57622000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
54892000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-105336000
CY2021 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
20586000
CY2020 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
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CY2019 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
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CY2021 vel Origination Of Loans Held For Investment
OriginationOfLoansHeldForInvestment
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CY2020 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
99601000
CY2021 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
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CY2020 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
341971000
CY2019 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
379286000
CY2021 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
9637000
CY2020 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
7469000
CY2019 us-gaap Proceeds From Sale Of Wholly Owned Real Estate And Real Estate Acquired In Settlement Of Loans
ProceedsFromSaleOfWhollyOwnedRealEstateAndRealEstateAcquiredInSettlementOfLoans
4497000
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
27024000
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
8869000
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
17882000
CY2019 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
27714000
CY2020 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
41044000
CY2020 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
2158000
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
137000
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
100800000
CY2019 us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
961000
CY2021 vel Payments For Capitalized Real Estate Owned Improvements
PaymentsForCapitalizedRealEstateOwnedImprovements
194000
CY2020 vel Payments For Capitalized Real Estate Owned Improvements
PaymentsForCapitalizedRealEstateOwnedImprovements
846000
CY2019 vel Payments For Capitalized Real Estate Owned Improvements
PaymentsForCapitalizedRealEstateOwnedImprovements
1122000
CY2021 us-gaap Repayments Of Advances For Construction
RepaymentsOfAdvancesForConstruction
5429000
CY2020 us-gaap Repayments Of Advances For Construction
RepaymentsOfAdvancesForConstruction
8709000
CY2019 us-gaap Repayments Of Advances For Construction
RepaymentsOfAdvancesForConstruction
1549000
CY2021 vel Increase Decrease In Impounds And Deposits
IncreaseDecreaseInImpoundsAndDeposits
9202000
CY2020 vel Increase Decrease In Impounds And Deposits
IncreaseDecreaseInImpoundsAndDeposits
-3843000
CY2019 vel Increase Decrease In Impounds And Deposits
IncreaseDecreaseInImpoundsAndDeposits
5029000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
135000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
726000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
882000
CY2021 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
1180000
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
10755000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-656483000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
87739000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-305934000
CY2021 vel Proceeds From Warehouse Repurchase Facilities
ProceedsFromWarehouseRepurchaseFacilities
1215971000
CY2020 vel Proceeds From Warehouse Repurchase Facilities
ProceedsFromWarehouseRepurchaseFacilities
420196000
CY2019 vel Proceeds From Warehouse Repurchase Facilities
ProceedsFromWarehouseRepurchaseFacilities
961658000
CY2021 vel Repayment Of Warehouse Repurchase Facilities
RepaymentOfWarehouseRepurchaseFacilities
989374000
CY2020 vel Repayment Of Warehouse Repurchase Facilities
RepaymentOfWarehouseRepurchaseFacilities
766679000
CY2019 vel Repayment Of Warehouse Repurchase Facilities
RepaymentOfWarehouseRepurchaseFacilities
755997000
CY2021 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
175000000
CY2019 us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
153000000
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
82156000
CY2020 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
75000000
CY2019 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
127594000
CY2021 vel Proceeds Of Securitizations Net
ProceedsOfSecuritizationsNet
977678000
CY2020 vel Proceeds Of Securitizations Net
ProceedsOfSecuritizationsNet
536687000
CY2019 vel Proceeds Of Securitizations Net
ProceedsOfSecuritizationsNet
608121000
CY2021 vel Repayment Of Securitizations
RepaymentOfSecuritizations
643500000
CY2020 vel Repayment Of Securitizations
RepaymentOfSecuritizations
398324000
CY2019 vel Repayment Of Securitizations
RepaymentOfSecuritizations
371447000
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
560000
CY2020 vel Payment Of Initial Public Offering Deal Costs
PaymentOfInitialPublicOfferingDealCosts
1903000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
626172000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
422145000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-149890000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10875000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
27311000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7259000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20293000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
27552000
CY2021 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
11137000
CY2020 us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
213609000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16677000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
47604000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20293000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
27552000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
85019000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
85407000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
86448000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
9645000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
965000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
15416000
CY2021 vel Transfer Of Loans Held For Investment To Loans Held For Sale
TransferOfLoansHeldForInvestmentToLoansHeldForSale
-205671000
CY2020 vel Transfer Of Loans Held For Investment To Loans Held For Sale
TransferOfLoansHeldForInvestmentToLoansHeldForSale
-110678000
CY2021 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
11466000
CY2020 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
9747000
CY2019 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
11369000
CY2021 vel Capitalized Interest On Loans Held For Investment
CapitalizedInterestOnLoansHeldForInvestment
2046000
CY2020 vel Capitalized Interest On Loans Held For Investment
CapitalizedInterestOnLoansHeldForInvestment
7814000
CY2020 vel Deferred Offering Costs Charged Against Additional Paid In Capital
DeferredOfferingCostsChargedAgainstAdditionalPaidInCapital
-4000000
CY2021 vel Deferred Stock Issuance Amortization Offset Against Additional Paid In Capital
DeferredStockIssuanceAmortizationOffsetAgainstAdditionalPaidInCapital
1000
CY2021 vel Discount Premium On Issuance Of Securitizations
DiscountPremiumOnIssuanceOfSecuritizations
2051000
CY2019 vel Discount Premium On Issuance Of Securitizations
DiscountPremiumOnIssuanceOfSecuritizations
37000
CY2021 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
90000000
CY2021 us-gaap Noncash Or Part Noncash Acquisition Investments Acquired1
NoncashOrPartNoncashAcquisitionInvestmentsAcquired1
1181000
CY2021 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
688000
CY2021 vel Noncash Or Part Noncash Acquisition Mortgage Servicing Rights
NoncashOrPartNoncashAcquisitionMortgageServicingRights
7512000
CY2021 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
154000
CY2021 vel Noncash Or Part Noncash Acquisition Goodwill
NoncashOrPartNoncashAcquisitionGoodwill
6775000
CY2021 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
1814000
CY2021 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2012-07-09
CY2021Q4 us-gaap Minimum Net Worth Required For Compliance
MinimumNetWorthRequiredForCompliance
250000
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;font-style:italic;">Use of Estimates</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of consolidated income and expenses during the reporting period.</span></p>
CY2021Q4 vel Off Balance Sheet Assets Liabilities
OffBalanceSheetAssetsLiabilities
0
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13273000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21465000
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
11639000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7020000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
6087000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1406000
CY2021Q4 us-gaap Financing Receivable Nonaccrual Percent Past Due1
FinancingReceivableNonaccrualPercentPastDue1
0.105
CY2021Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
165000
CY2020Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
336236000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
47604000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20293000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
27552000
CY2020Q4 vel Loans Held For Sale Principal Balance
LoansHeldForSalePrincipalBalance
87422000
CY2019Q4 vel Loans Held For Sale Principal Balance
LoansHeldForSalePrincipalBalance
12929000
CY2020 us-gaap Increase Decrease In Loans Held For Sale
IncreaseDecreaseInLoansHeldForSale
-17000
CY2021 vel Loans Held For Sale Deferred Loan Origination Costs
LoansHeldForSaleDeferredLoanOriginationCosts
-486000
CY2020 vel Loans Held For Sale Deferred Loan Origination Costs
LoansHeldForSaleDeferredLoanOriginationCosts
-194000
CY2021Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
87908000
CY2020Q4 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
13106000
CY2021Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
400759000
CY2020Q4 us-gaap Loans Pledged As Collateral
LoansPledgedAsCollateral
91074000
CY2021Q4 vel Securitizations Issued
SecuritizationsIssued
2172766000
CY2020Q4 vel Securitizations Issued
SecuritizationsIssued
1852554000
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
276418000
CY2021Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
263026000
CY2021Q4 vel Financing Receivable Nonaccrual With Allowance For Loan Loss
FinancingReceivableNonaccrualWithAllowanceForLoanLoss
13392000
CY2020Q4 us-gaap Financing Receivable Nonaccrual No Allowance
FinancingReceivableNonaccrualNoAllowance
314228000
CY2020Q4 vel Financing Receivable Nonaccrual With Allowance For Loan Loss
FinancingReceivableNonaccrualWithAllowanceForLoanLoss
22008000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2668000
CY2020Q4 us-gaap Financing Receivable Nonaccrual Percent Past Due1
FinancingReceivableNonaccrualPercentPastDue1
0.121
CY2020Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
1979000
CY2020Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
173000
CY2021 vel Financing Receivable Amortized Cost
FinancingReceivableAmortizedCost
2531826000
CY2021 us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
-4679000
CY2020 vel Financing Receivable Amortized Cost
FinancingReceivableAmortizedCost
1953934000
CY2021Q4 vel Loan Servicing Receivables Current
LoanServicingReceivablesCurrent
54957000
CY2021 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeCashBasisMethod
31200000
CY2020 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeCashBasisMethod
17500000
CY2021 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0
CY2020 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0
CY2021 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
311200000
CY2020 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
250000000.0
CY2021Q4 vel Decrease Allowance For Loan Losses
DecreaseAllowanceForLoanLosses
4300000
CY2020Q4 vel Decrease Allowance For Loan Losses
DecreaseAllowanceForLoanLosses
5800000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
5845000
CY2021 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-292000
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1291000
CY2020 us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
-10897000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
4262000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1406000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
2856000
CY2021Q4 vel Financing Receivable Individually Evaluated For Impairment Amortized Cost
FinancingReceivableIndividuallyEvaluatedForImpairmentAmortizedCost
276418000
CY2021Q4 vel Financing Receivable Collectively Evaluated For Impairment Amortized Cost
FinancingReceivableCollectivelyEvaluatedForImpairmentAmortizedCost
2255408000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
2240000
CY2020 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
5068000
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1600000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
5845000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2668000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
3176000
CY2020Q4 vel Financing Receivable Individually Evaluated For Impairment Amortized Cost
FinancingReceivableIndividuallyEvaluatedForImpairmentAmortizedCost
336236000
CY2020Q4 vel Financing Receivable Collectively Evaluated For Impairment Amortized Cost
FinancingReceivableCollectivelyEvaluatedForImpairmentAmortizedCost
1617698000
CY2021 us-gaap Heldtomaturity Securities In Unrealized Loss Positions Qualitative Disclosure Other Percentage Of Nonperforming Assets
HeldtomaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureOtherPercentageOfNonperformingAssets
1.042
CY2020 us-gaap Heldtomaturity Securities In Unrealized Loss Positions Qualitative Disclosure Other Percentage Of Nonperforming Assets
HeldtomaturitySecuritiesInUnrealizedLossPositionsQualitativeDisclosureOtherPercentageOfNonperformingAssets
1.031
CY2021 vel Aggregate Cost Of Mortgage Loans Federal Income Tax
AggregateCostOfMortgageLoansFederalIncomeTax
2621093000
CY2020 vel Aggregate Cost Of Mortgage Loans Federal Income Tax
AggregateCostOfMortgageLoansFederalIncomeTax
1968579000
CY2021Q4 vel Unpaid Principal Balance
UnpaidPrincipalBalance
155100000
CY2020Q4 vel Unpaid Principal Balance
UnpaidPrincipalBalance
178000000.0
CY2021Q4 vel Loan Principal Payments Due From Servicers Current
LoanPrincipalPaymentsDueFromServicersCurrent
43509000
CY2021Q4 vel Other Loan Servicing Receivables Current
OtherLoanServicingReceivablesCurrent
11448000
CY2021Q4 vel Corporate And Escrow Advances Receivable Current
CorporateAndEscrowAdvancesReceivableCurrent
19373000
CY2021Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
74330000
CY2021 vel Other Real Estate Net
OtherRealEstateNet
-3150000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
10496000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7452000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6351000
CY2019 vel Other Real Estate Operating Income
OtherRealEstateOperatingIncome
-242000
CY2021 vel Other Real Estate Operating Expenses
OtherRealEstateOperatingExpenses
-2251000
CY2020 vel Other Real Estate Operating Expenses
OtherRealEstateOperatingExpenses
-2010000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3830000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4145000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1100000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1200000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1400000
CY2021 vel Other Real Estate Operating Income
OtherRealEstateOperatingIncome
-451000
CY2020 vel Other Real Estate Operating Income
OtherRealEstateOperatingIncome
-444000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
11282000
CY2020Q4 us-gaap Other Real Estate
OtherRealEstate
15767000
CY2019Q4 us-gaap Other Real Estate
OtherRealEstate
13068000
CY2021 us-gaap Other Real Estate Additions
OtherRealEstateAdditions
12583000
CY2020 us-gaap Other Real Estate Additions
OtherRealEstateAdditions
10412000
CY2021 us-gaap Other Real Estate Improvements
OtherRealEstateImprovements
194000
CY2020 us-gaap Other Real Estate Improvements
OtherRealEstateImprovements
846000
CY2021 us-gaap Other Real Estate Disposals
OtherRealEstateDisposals
9228000
CY2020 us-gaap Other Real Estate Disposals
OtherRealEstateDisposals
6825000
CY2021 us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
1759000
CY2020 us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
1734000
CY2021Q4 us-gaap Other Real Estate
OtherRealEstate
17557000
CY2020Q4 us-gaap Other Real Estate
OtherRealEstate
15767000
CY2021 us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
1759000
CY2019 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
207000
CY2019 vel Other Real Estate Operating Expenses
OtherRealEstateOperatingExpenses
-1465000
CY2020 us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
1734000
CY2021 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
409000
CY2020 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
644000
CY2019 us-gaap Other Real Estate Valuation Adjustments
OtherRealEstateValuationAdjustments
1631000
CY2020 vel Other Real Estate Net
OtherRealEstateNet
-2656000
CY2019 vel Other Real Estate Net
OtherRealEstateNet
-2647000
CY2021 vel Gross Gains On Sales Of Properties Sold Other Real Estate
GrossGainsOnSalesOfPropertiesSoldOtherRealEstate
23
CY2021 vel Gross Gains On Sales Of Other Real Estate
GrossGainsOnSalesOfOtherRealEstate
972000
CY2020 vel Gross Gains On Sales Of Properties Sold Other Real Estate
GrossGainsOnSalesOfPropertiesSoldOtherRealEstate
14
CY2020 vel Gross Gains On Sales Of Other Real Estate
GrossGainsOnSalesOfOtherRealEstate
837000
CY2019 vel Gross Gains On Sales Of Properties Sold Other Real Estate
GrossGainsOnSalesOfPropertiesSoldOtherRealEstate
10
CY2019 vel Gross Gains On Sales Of Other Real Estate
GrossGainsOnSalesOfOtherRealEstate
320000
CY2021 vel Gross Losses On Sales Of Properties Sold Other Real Estate
GrossLossesOnSalesOfPropertiesSoldOtherRealEstate
14
CY2021 vel Gross Losses On Sales Of Other Real Estate
GrossLossesOnSalesOfOtherRealEstate
563000
CY2020 vel Gross Losses On Sales Of Properties Sold Other Real Estate
GrossLossesOnSalesOfPropertiesSoldOtherRealEstate
9
CY2020 vel Gross Losses On Sales Of Other Real Estate
GrossLossesOnSalesOfOtherRealEstate
193000
CY2019 vel Gross Losses On Sales Of Properties Sold Other Real Estate
GrossLossesOnSalesOfPropertiesSoldOtherRealEstate
5
CY2019 vel Gross Losses On Sales Of Other Real Estate
GrossLossesOnSalesOfOtherRealEstate
113000
CY2021 vel Total Sales Of Properties Sold Other Real Estate
TotalSalesOfPropertiesSoldOtherRealEstate
37
CY2021 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
409000
CY2020 vel Total Sales Of Properties Sold Other Real Estate
TotalSalesOfPropertiesSoldOtherRealEstate
23
CY2020 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
644000
CY2019 vel Total Sales Of Properties Sold Other Real Estate
TotalSalesOfPropertiesSoldOtherRealEstate
15
CY2019 us-gaap Gains Losses On Sales Of Other Real Estate
GainsLossesOnSalesOfOtherRealEstate
207000
CY2021Q4 vel Servicing Asset At Unpaid Principal Balance Amount
ServicingAssetAtUnpaidPrincipalBalanceAmount
520600000
CY2021 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Discount Rate
ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValueDiscountRate
0.080
CY2021 us-gaap Servicing Assets And Servicing Liabilities At Fair Value Assumptions Used To Estimate Fair Value Prepayment Speed
ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValuePrepaymentSpeed
0.032
CY2021 vel Servicing Asset At Fair Value Acquired
ServicingAssetAtFairValueAcquired
7152000
CY2021Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
7152000
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
6775000
CY2021Q4 us-gaap Goodwill
Goodwill
6775000
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1628000
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1261000
CY2020Q4 vel Interest Only Strips And Deposits
InterestOnlyStripsAndDeposits
642000
CY2021Q4 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
502000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3744000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4780000
CY2021Q4 vel Appraisal Fees For Loans In Process
AppraisalFeesForLoansInProcess
479000
CY2021Q4 vel Interest Only Strips And Deposits
InterestOnlyStripsAndDeposits
166000
CY2020Q4 vel Appraisal Fees For Loans In Process
AppraisalFeesForLoansInProcess
96000
CY2021Q4 vel Retained Beneficial Interest Other Assets
RetainedBeneficialInterestOtherAssets
305000
CY2021Q4 us-gaap Other Assets
OtherAssets
6824000
CY2020Q4 us-gaap Other Assets
OtherAssets
6779000
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0586
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0601
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M24D
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3700000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
4800000
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
1800000
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
1500000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
1626000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
1524000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
256000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1615000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1460000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1153000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
113000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
48000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4389000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
341000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4048000
CY2021 vel Number Of Securitizations
NumberOfSecuritizations
19
CY2021Q4 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
4400000000
CY2021 us-gaap Proceeds From Issuance Of Trust Preferred Securities
ProceedsFromIssuanceOfTrustPreferredSecurities
4000000000.0
CY2021Q4 vel Securities Issued On Real Estate
SecuritiesIssuedOnRealEstate
3966492000
CY2021Q4 vel Securities Retained On Real Estate As Of Issuance Date
SecuritiesRetainedOnRealEstateAsOfIssuanceDate
366623000
CY2021Q4 vel Securities Retained On Real Estate Net
SecuritiesRetainedOnRealEstateNet
206515000
CY2020Q4 vel Securities Retained On Real Estate Net
SecuritiesRetainedOnRealEstateNet
228031000
CY2021Q4 vel Securitizations Outstanding Bond Balance
SecuritizationsOutstandingBondBalance
1939146000
CY2020Q4 vel Securitizations Outstanding Bond Balance
SecuritizationsOutstandingBondBalance
1602918000
CY2021 vel Lines Of Credit Fund Maximum Percentage Of Principle Balance Of Mortgage Loans
LinesOfCreditFundMaximumPercentageOfPrincipleBalanceOfMortgageLoans
1
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
302800000
CY2021Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
653000000
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
76202000
CY2020Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
103000000
CY2021 vel Debt Instrument Average Rate
DebtInstrumentAverageRate
0.0423
CY2021 vel Debt Issuance Cost Amortization Percentage
DebtIssuanceCostAmortizationPercentage
0.0105
CY2020 vel Debt Instrument Average Rate
DebtInstrumentAverageRate
0.0431
CY2020 vel Debt Issuance Cost Amortization Percentage
DebtIssuanceCostAmortizationPercentage
0.0066
CY2021 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
85386000
CY2020 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
87826000
CY2021 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
20609000
CY2020 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
12049000
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
105995000
CY2020 us-gaap Interest Expense Debt
InterestExpenseDebt
99875000
CY2018Q1 us-gaap Income Tax Examination Increase Decrease In Liability From Prior Year
IncomeTaxExaminationIncreaseDecreaseInLiabilityFromPriorYear
5500000
CY2020 vel Effective Income Tax Rate Reconciliation Change In Unrecognized Tax Benefit
EffectiveIncomeTaxRateReconciliationChangeInUnrecognizedTaxBenefit
-0.079
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.001
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
15042000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4454000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
5477000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-769000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
20519000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3685000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-7362000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
564000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2588000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1103000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-9950000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1667000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10569000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5352000
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.056
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.086
CY2021 vel Effective Income Tax Rate Reconciliation Permanent Items Percent
EffectiveIncomeTaxRateReconciliationPermanentItemsPercent
0.001
CY2020 vel Effective Income Tax Rate Reconciliation Permanent Items Percent
EffectiveIncomeTaxRateReconciliationPermanentItemsPercent
0.001
CY2020 vel Effective Income Tax Rate Reconciliation Federal True Ups Percent
EffectiveIncomeTaxRateReconciliationFederalTrueUpsPercent
0.005
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.002
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.004
CY2020 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.012
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.266
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.231
CY2021Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
10433000
CY2020Q4 us-gaap Deferred Tax Assets Hedging Transactions
DeferredTaxAssetsHedgingTransactions
5363000
CY2021Q4 vel Deferred Tax Assets Mark To Market Loans
DeferredTaxAssetsMarkToMarketLoans
7066000
CY2020Q4 vel Deferred Tax Assets Mark To Market Loans
DeferredTaxAssetsMarkToMarketLoans
3052000
CY2021Q4 us-gaap Deferred Tax Assets Deferred Gain On Sale Leaseback Transaction
DeferredTaxAssetsDeferredGainOnSaleLeasebackTransaction
1151000
CY2020Q4 us-gaap Deferred Tax Assets Deferred Gain On Sale Leaseback Transaction
DeferredTaxAssetsDeferredGainOnSaleLeasebackTransaction
1462000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
888000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
275000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
226000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
183000
CY2021Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
7000
CY2020Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
10000
CY2021Q4 vel Deferredtaxassetsrealestateowned
Deferredtaxassetsrealestateowned
225000
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
82000
CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
83000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
20078000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3474000
CY2020Q4 vel Deferred Tax Liabilities Real Estate Owned
DeferredTaxLiabilitiesRealEstateOwned
81000
CY2020Q4 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Financing Costs
DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts
1014000
CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense Deferred Financing Costs
DeferredTaxLiabilitiesDeferredExpenseDeferredFinancingCosts
1306000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
10428000
CY2021Q4 vel Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
1064000
CY2020Q4 vel Deferred Tax Liabilities Right Of Use Assets
DeferredTaxLiabilitiesRightOfUseAssets
1363000
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
710000
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
975000
CY2021Q4 vel Deferred Tax Liabilities Deferred State Tax
DeferredTaxLiabilitiesDeferredStateTax
394000
CY2020Q4 vel Deferred Tax Liabilities Deferred State Tax
DeferredTaxLiabilitiesDeferredStateTax
341000
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
3774000
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
16604000
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
6654000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1900000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1900000
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1500000
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
100000
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-500000
CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
600000
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
500000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1860000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3559000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
49000
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
46000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
2000
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1745000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1911000
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1860000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
785000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.89
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
785000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.89
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y1M6D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
93000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
261667
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
12.89
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y1M6D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
31000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
523333
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
12.89
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y1M6D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
62000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
795000
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
12.89
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
10000
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
13.00
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
785000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
12.89
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y1M6D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P9Y1M6D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
785000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
12.89
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P9Y1M6D
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P3Y
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Method Of Measuring Cost Of Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardMethodOfMeasuringCostOfAward
Compensation expense related to stock options is based on the fair value of the underlying stock on the award date and is recognized over the vesting period using the straight-line method.
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
523333
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
785000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
12.89
CY2021Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
480000
CY2021 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
2100000
CY2020 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
900000
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
3600000
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
2100000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
29224000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
17777000
CY2020 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
48955000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29224000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-31178000
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
8589000
CY2021 vel Net Earnings Attributable To Common Stockholders
NetEarningsAttributableToCommonStockholders
20635000
CY2020 vel Net Earnings Attributable To Common Stockholders
NetEarningsAttributableToCommonStockholders
-31178000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22813000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20087000
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.90
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.55
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
20635000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-31178000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22813000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20087000
CY2021 vel Dilutive Effect Of Warrants
DilutiveEffectOfWarrants
1974000
CY2021 vel Diluted Effect Of Stock Option
DilutedEffectOfStockOption
3000
CY2021 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
661000
CY2020 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
578000
CY2021 vel Diluted Effect Of Unvested Restricted Stock Awards
DilutedEffectOfUnvestedRestrictedStockAwards
203000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33982000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20087000
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.55
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
773000
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
15486000
CY2020Q2 us-gaap Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants
ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants
43200000
CY2021Q4 vel Percentage Of Common Stock Held By Warrant Holder And Affiliates
PercentageOfCommonStockHeldByWarrantHolderAndAffiliates
0.49
CY2021 us-gaap Debt Instrument Redemption Description
DebtInstrumentRedemptionDescription
Preferred could have become redeemable at any time after 2.5 years from the Closing Date of April 7, 2020
CY2021Q4 vel Repurchase Reserve Balance
RepurchaseReserveBalance
141000
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
579000
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
476000
CY2019 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
366000
CY2019 vel Office Expenses
OfficeExpenses
1891000
CY2021 us-gaap Taxes And Licenses
TaxesAndLicenses
2457000
CY2020 us-gaap Taxes And Licenses
TaxesAndLicenses
2179000
CY2019 us-gaap Taxes And Licenses
TaxesAndLicenses
470000
CY2021 vel Other Operating Expense
OtherOperatingExpense
1498000
CY2020 vel Other Operating Expense
OtherOperatingExpense
1914000
CY2019 vel Other Operating Expense
OtherOperatingExpense
219000
CY2021 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
8488000
CY2020 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
8400000
CY2019 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
1307000
CY2021 vel Data Processing And Telecommunications Expenses
DataProcessingAndTelecommunicationsExpenses
2476000
CY2020 vel Data Processing And Telecommunications Expenses
DataProcessingAndTelecommunicationsExpenses
2150000
CY2019 vel Data Processing And Telecommunications Expenses
DataProcessingAndTelecommunicationsExpenses
2094000
CY2021 vel Office Expenses
OfficeExpenses
1396000
CY2020 vel Office Expenses
OfficeExpenses
1579000
CY2019 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
5981000
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
125477000
CY2020Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
49990000
CY2021Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
12000000.0
CY2020Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
19300000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1400000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
2700000
CY2020Q2 vel Interest Income Now Accounts Money Market Accounts And Savings Deposits Net
InterestIncomeNOWAccountsMoneyMarketAccountsAndSavingsDepositsNet
18566000
CY2020Q1 vel Interest Income Now Accounts Money Market Accounts And Savings Deposits Net
InterestIncomeNOWAccountsMoneyMarketAccountsAndSavingsDepositsNet
21789000
CY2021Q4 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
4462000
CY2021Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
4488000
CY2021Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
4309000
CY2021Q1 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
7350000
CY2020Q4 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
1900000
CY2020Q3 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
1913000
CY2021Q4 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
49360000
CY2021Q3 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
46923000
CY2021Q2 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
44978000
CY2021Q1 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
40707000
CY2020Q4 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
41556000
CY2020Q3 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
41374000
CY2020Q2 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
39755000
CY2020Q1 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
44637000
CY2021Q4 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
23666000
CY2021Q3 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
20321000
CY2021Q2 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
20566000
CY2021Q1 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
20832000
CY2020Q4 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
21442000
CY2020Q3 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
22347000
CY2020Q2 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
21189000
CY2020Q1 us-gaap Interest Expense Now Accounts Money Market Accounts And Savings Deposits
InterestExpenseNOWAccountsMoneyMarketAccountsAndSavingsDeposits
22848000
CY2021Q4 vel Interest Income Now Accounts Money Market Accounts And Savings Deposits Net
InterestIncomeNOWAccountsMoneyMarketAccountsAndSavingsDepositsNet
25694000
CY2021Q3 vel Interest Income Now Accounts Money Market Accounts And Savings Deposits Net
InterestIncomeNOWAccountsMoneyMarketAccountsAndSavingsDepositsNet
26602000
CY2021Q2 vel Interest Income Now Accounts Money Market Accounts And Savings Deposits Net
InterestIncomeNOWAccountsMoneyMarketAccountsAndSavingsDepositsNet
24412000
CY2021Q1 vel Interest Income Now Accounts Money Market Accounts And Savings Deposits Net
InterestIncomeNOWAccountsMoneyMarketAccountsAndSavingsDepositsNet
19875000
CY2020Q3 vel Interest Income Now Accounts Money Market Accounts And Savings Deposits Net
InterestIncomeNOWAccountsMoneyMarketAccountsAndSavingsDepositsNet
19027000
CY2020Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
1894000
CY2020Q1 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
6342000
CY2021Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
21232000
CY2021Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
22114000
CY2021Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
20103000
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
12525000
CY2020Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
17114000
CY2020Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
16672000
CY2020Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
15447000
CY2021Q4 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
377000
CY2021Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
228000
CY2021Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-1000000
CY2021Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
105000
CY2020Q4 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
406000
CY2020Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1573000
CY2020Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1800000
CY2020Q1 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1290000
CY2021Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
20855000
CY2021Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
21886000
CY2021Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
21103000
CY2021Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
12420000
CY2020Q4 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
17808000
CY2020Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
15541000
CY2020Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
14872000
CY2020Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
14157000
CY2021Q4 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
2617000
CY2021Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
339000
CY2021Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
2432000
CY2021Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
2801000
CY2020Q4 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
4691000
CY2020Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
1349000
CY2020Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-1339000
CY2020Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
1620000
CY2021Q4 us-gaap Noninterest Expense
NoninterestExpense
12095000
CY2021Q3 us-gaap Noninterest Expense
NoninterestExpense
11298000
CY2021Q2 us-gaap Noninterest Expense
NoninterestExpense
10650000
CY2021Q1 us-gaap Noninterest Expense
NoninterestExpense
10617000
CY2020Q4 us-gaap Noninterest Expense
NoninterestExpense
10746000
CY2020Q3 us-gaap Noninterest Expense
NoninterestExpense
11865000
CY2020Q2 us-gaap Noninterest Expense
NoninterestExpense
10908000
CY2020Q1 us-gaap Noninterest Expense
NoninterestExpense
12050000
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11377000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10927000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12885000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4604000
CY2020Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11753000
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5025000
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2625000
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3727000
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3024000
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2905000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3432000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1208000
CY2020Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2177000
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1544000
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
484000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1148000
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
8353000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
8022000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
9453000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
3396000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
2579000
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
9576000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
3481000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
2141000

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