Company: ABR-PF
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001253986-25-000014
Chunk: 101

Company: ARBOR REALTY TRUST INC
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 101
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 fair values of these financial assets and liabilities are determined using the following input levels at June 30, 2025 (in thousands):Carrying ValueFair ValueFair Value Measurements Using Fair Value HierarchyLevel 1Level 2Level 3Financial assets:Derivative financial instruments$2,033 $2,033 $— $1,651 $382 Financial liabilities:Derivative financial instruments$394 $394 $— $394 $— We measure certain financial and non-financial assets at fair value on a nonrecurring basis. The fair values of these financial and non-financial assets, if applicable, were determined using the following input levels at June 30, 2025 (in thousands):Net Carrying ValueFair ValueFair Value Measurements Using Fair Value HierarchyLevel 1Level 2Level 3Financial assets:Impaired loans, netLoans held-for-investment (1)$452,291 $452,291 $— $— $452,291 Loans held-for-sale (2)13,038 13,038 — 13,038 — $465,329 $465,329 $— $13,038 $452,291 ________________________(1)We had an allowance for credit losses of $144.6 million relating to 27 impaired loans with an aggregate carrying value, before loan loss reserves, of $596.9 million at June 30, 2025. The fair values of these impaired loans are based on the value of the underlying collateral.(2)We have an impairment loss of $1.0 million related to 3 loans held-for-sale with an aggregate carrying value, before unrealized impairment losses, of $14.1 million.Loan impairment assessments. Loans held for investment are intended to be held to maturity and, accordingly, are carried at cost, net of unamortized loan origination costs and fees, loan purchase discounts, and net of the allowance for credit losses, when such loan or investment is deemed to be impaired. We consider a loan impaired when, based upon current information, it is probable that all amounts due for both principal and interest will not be collected according to the contractual terms of the loan agreement. We evaluate our loans to determine if the value of the underlying collateral securing the impaired loan is less than the net carrying value of the loan, which may result in an allowance, and corresponding charge to the provision for credit losses, or an