Loan Sales

3 Months Ended

Mar. 31, 2025

Note 7: Loan Sales

A summary of loan participation sales and servicing assets are as follows (dollars in thousands):


	As of and for the
	Three months ended				Year ended
	March 31,				December 31,
	2025		2024		2024
Loan participation interests sold by the Company	$	—	$	—	$	8,370
Total participation interests sold and serviced by the Company		32,183		31,200		32,475
Servicing income		19		32		126

Servicing Assets
Balance, beginning of period	$	177	$	98	$	98
Additions:
Servicing obligations from sale of loan participations		—		—		123
Subtractions:
Amortization		(25)		(10)		(44)
Balance, end of period	$	152	$	88	$	177

ACCU Loan Participation Agreement (Secured Borrowings)

Effective August 9, 2021, the Company entered into a Master Loan Participation Purchase and Sale Agreement with ACCU. Under the Master LP Agreement, the Company makes sales on a recourse basis, requiring the Company to repurchase the participation interest in the event of default by the borrower. Due to the recourse provisions of the agreement, these participation sales are classified as secured borrowings and are presented as part of other secured borrowings on the Company’s consolidated balance sheets. The Company did not sell any loan participations to ACCU under the provisions of the Master LP Agreement during the three months ended March 31, 2025 and 2024.

- Definition

The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows.

+ References

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+ Details

MINISTRY PARTNERS INVESTMENT COMPANY, LLC 10-Q/A