For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Interest income from loans | 32,222 | - | ||
| Impairment loss on real estate owned | - | 492 | ||
| Interest income from limited liability company investments | 4,838 | - | ||
| Interest expense and amortization of deferred financing costs | 25,390 | 27,798 | ||
| Total revenues | - | 57,500 | ||
| Net interest income | 11,670 | - | ||
| Provision for credit losses related to loans held for investment | 3,280 | 26,928 | ||
| Gain (loss) on sale of loans | 121 | - | ||
| Change in valuation allowance related to loans held for sale | 1,014 | - | ||
| Net interest income (loss) after provision for credit losses related to loans held for investment, gain (loss) on sale of loans, and changes in valuation allowance related to loans held for sale | 9,525 | - | ||
| Fee income from loans | 5,978 | - | ||
| Income from limited liability company investments | 467 | - | ||
| Other investment income | 141 | - | ||
| Gain on investment securities | 1,566 | - | ||
| Other income | 1,726 | - | ||
| Change in valuation allowance related to loans held for sale | - | 4,880 | ||
| Total other income | 9,878 | - | ||
| Compensation and employee benefits | 7,661 | 6,824 | ||
| General and administrative expenses | 6,482 | 6,841 | ||
| Impairment loss on real estate owned | 1,060 | - | ||
| Gain on sale of investments in developmental real estate, real estate owned, and property and equipment, net | 4,055 | 439 | ||
| Other expenses | 1,947 | 1,952 | ||
| Total operating expenses | 13,095 | 75,276 | ||
| Operating (loss) income before other (loss) income | - | -17,776 | ||
| Gain on equity securities | - | 178 | ||
| Loss on sale of loans | - | -21,973 | ||
| Total other (loss) income, net | - | -21,795 | ||
| Net income (loss) | 6,308 | -39,571 | ||
| Preferred stock dividends | 4,472 | 4,304 | ||
| Net income (loss) attributable to common shareholders | 1,836 | -43,875 | ||
| Basic EPS | 0.04 | -0.93 | ||
| Diluted EPS | 0.04 | -0.93 | ||
| Basic Average Shares | 46,893,413 | 47,413,012 | ||
| Diluted Average Shares | 46,893,413 | 47,413,012 | ||
Sachem Capital Corp. (SACH)
Sachem Capital Corp. (SACH)