| Dec 31, 2023 |
---|
Net income (loss) | -70 |
---|
Reserve for representations and warranties | 50 |
---|
Capitalization of mortgage servicing rights | 2,269 |
---|
Change in fair value of mortgage servicing rights | -854 |
---|
Depreciation & amortization | 50 |
---|
Stock-based compensation expense | 14 |
---|
(Increase) decrease in fair value of investment securities | 5 |
---|
Fair Value Adjustment of Warrants | 6 |
---|
Mortgage loans at fair value | -1,685 |
---|
Derivative assets | -50 |
---|
Other assets | 169 |
---|
Derivative liabilities | -9 |
---|
Other liabilities | -22 |
---|
Net cash provided by (used in) operating activities | 165 |
---|
Purchases of premises and equipment | 26 |
---|
Net proceeds from sale of mortgage servicing rights | 1,844 |
---|
Proceeds from principal payments on investment securities | 7 |
---|
Margin calls on borrowings against investment securities | -5 |
---|
Net cash provided by investing activities | 1,830 |
---|
Net repayments under warehouse lines of credit | -1,542 |
---|
Repayments of finance lease liabilities | 13 |
---|
Repayments under equipment notes payable | 1 |
---|
Proceeds from Lines of Credit | 1,000 |
---|
Repayments under secured lines of credit | 1,000 |
---|
Proceeds from Issuance of Secured Debt | 166 |
---|
Repayments of borrowings against investment securities | 174 |
---|
Dividends paid to Class A common stockholders | 37 |
---|
Member distributions paid to SFS Corp. | 601 |
---|
Other financing activities | -1 |
---|
Net cash provided by (used in) financing activities | -2,203 |
---|
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | -207 |
---|
Cash paid for interest | 341 |
---|
Income Taxes Paid, Net | -0 |
---|