Company: SACH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001682220-25-000044
Chunk: 24

Company: Sachem Capital Corp.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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As of June 30, 2025 and December 31, 2024, the Company had $2.6 million and $2.0 million. respectively, of deferred loan fee revenue relating to loans held for investment. There were no such deferred fees for loans held for sale as of June 30, 2025 and December 31, 2024.Allowance for credit lossesThe below table represents the financial statement line items that are impacted by the allowance for credit losses for the three months ended June 30, 2025:Balance as of March 31, 2025Provision for (recovery of) creditlosses related to loansReclassification of loans held for sale to loans held for investmentCharge-offsBalance as of June 30, 2025(in thousands)Loans held for investment$18,122 $(3,256)$3,292 $(513)$17,645 Interest and fees receivable2,981 93 — — 3,074 Due from borrower1,956 (55)— (225)1,676 Unfunded commitments864 165 — — 1,029 Real estate owned— 3,978 — (3,978)— Total allowance for credit losses$23,923 $925 $3,292 $(4,716)$23,424 The below table represents the financial statement line items that are impacted by the allowance for credit losses for the six months ended June 30, 2025:Balance as of December 31, 2024Provision for (recovery of) creditlosses related to loansReclassification of loans held for sale to loans held for investmentCharge-offsBalance as of June 30, 2025(in thousands)Loans held for investment$18,470 $(2,983)$3,292 $(1,134)$17,645 Interest and fees receivable3,133 (59)— — 3,074 Due from borrower1,135 936 — (395)1,676 Unfunded commitments924 105 — — 1,029 Real estate owned— 3,978 — (3,978)— Total allowance for credit losses$23,662 $1,977 $3,292 $(5,507)$23,424 

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Table of ContentsSACHEM CAPITAL CORP.NOTES TO UNAUDITED