Company: SACH
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001682220-25-000044
Chunk: 55

Company: Sachem Capital Corp.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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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 CONDENSED CONSOLIDATED FINANCIAL STATEMENTSFOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2025

The following table summarizes the activity in the allowance for credit losses by geographic location with respect to loans held for investment for the three months ended June 30, 2025:Allowance for credit losses as of March 31, 2025Provision for(recovery of) credit lossesrelated to loansReclassification of loans held for sale to loans held for investmentCharge-offsAllowance for credit lossesas of June 30, 2025(in thousands)New England$12,878 $(5,704)$3,292 $— $10,466 Mid-Atlantic1,864 2,658 — (466)4,056 South1,460 (123)— (47)1,290 West1,920 (87)— — 1,833 Total$18,122 $(3,256)$3,292 $(513)$17,645 The following table summarizes the activity in the allowance for credit losses by geographic location with respect to loans held for investment for the six months ended June 30, 2025:Allowance for credit losses as ofDecember 31, 2024Provision for(recovery of) credit lossesrelated to loans