Company: SACH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001682220-25-000070
Chunk: 25

Company: Sachem Capital Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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13,955)$15,787 

14

Table of ContentsSACHEM CAPITAL CORP.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTSFOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025

The following table presents activity in the allowance for credit losses by geographic location with respect to loans held for investment for the three months ended September 30, 2025:Allowance for credit losses as of June 30, 2025Provision for(recovery of) credit lossesrelated to loansReclassification of loans held for sale to loans held for investmentCharge-offsAllowance for credit lossesas of September 30, 2025(in thousands)New England$10,466 $(4,162)$— $— $6,304 Mid-Atlantic4,056 (255)— (2,639)1,162 South1,290 449 — — 1,739 West1,833 45 — — 1,878 Total$17,645 $(3,923)$— $(2,639)$11,083 The following table presents activity in the allowance for credit losses by geographic location with respect to loans held for investment for the nine months ended September 30, 2025:Allowance for credit losses as ofDecember 31, 2024Provision for(recovery of) credit lossesrelated to loansReclassification of loans held for sale to loans held for investmentCharge-offsAllowance for credit lossesas of September 30, 2025(in thousands)New England$12,844 $(9,832)$3,292 $— $6,304 Mid-Atlantic1,857 2,411 — (3,106)1,162 South1,802 605 — (668)1,739 West1,967 (89)— — 1,878 Total$18,470 $(6,905)$3,292 $(3,774)$11,083 The following table presents charge-offs on loan principal related to loans held for investment by fiscal year of origination for the three months ended September 30, 2025:20252024202320222021PriorTotal(in thousands)Current period charge-offs$— $— $— $158 $2,481 $— $2,639 Total