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        "text": "are  personally  guaranteed  by  the  principal(s)  of  the  borrower.  The  Company  also  makes ",
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        "text": "To request additional information or to be added to our email distribution list, please visit the ",
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        "text": " ",
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        "text": "                                     ",
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        "text": "Earnings Release - Second Quarter 2026",
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        "text": "4 ",
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      {
        "text": "SACHEM CAPITAL REPORTS  ",
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        "text": "SECOND QUARTER 2026 RESULTS ",
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        "text": " ",
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        "confidence": 1.0
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        "text": " ",
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        "confidence": 1.0
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      {
        "text": "-",
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        "text": " Provides Update on Pending Asset Contribution Transaction with Industrial Realty ",
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      {
        "text": "Group (IRG) ",
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        "text": "-",
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        "text": " ",
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        "text": " ",
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        "text": "-",
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      {
        "text": " Significant Leases Signed by IRG Representing 9.3 Million Square Feet ",
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        "text": "-",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
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        "confidence": 1.0
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        "text": " ",
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      {
        "text": "BRANFORD,  Conn.,  August  5,  2026  (GLOBE  NEWSWIRE) ",
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      {
        "text": "--  Sachem  Capital  Corp. ",
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      {
        "text": "(NYSE American: SACH) ('Sachem' or the 'Company'), a real estate  lender specializing  in ",
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      {
        "text": "originating, underwriting, funding, servicing, and managing a portfolio of loans secured by first ",
        "box": [
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      {
        "text": "mortgages on real property, today announced its financial results for the quarter and six months ",
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        "text": "ended June 30, 2026 and provided an update on the pending asset contribution transaction with ",
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      {
        "text": "Industrial Realty Group ('IRG').",
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      {
        "text": " ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "John  Villano,  CPA,  Sachem's  Chief  Executive  Officer,  commented,  'We  completed  another ",
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        "confidence": 1.0
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      {
        "text": "quarter of taking steps to diligently reposition our loan portfolio while working to progress on ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "the  announced  combination  with  Industrial  Realty  Group.  This  transformational  transaction  is ",
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      {
        "text": "expected  to  deliver  an  immediate  and  durable  strategic  reset  for  Sachem  shareholders  upon ",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "closing.  We  believe  the  combination  of  IRG's  high-quality,  diversified  income",
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        "confidence": 1.0
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      {
        "text": "-producing ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "industrial real estate portfolio, with sizable embedded growth from near-term occupancy upside ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "and  mark  to-market  opportunities,  combined  with  Sachem's  established  real  estate  capital ",
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        "confidence": 1.0
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      {
        "text": "solutions platform, will create long-",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "term value after the transaction is completed.'",
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      {
        "text": " ",
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        "confidence": 1.0
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      {
        "text": " ",
        "box": [
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      {
        "text": "Contribution Agreement with Industrial Realty Group Global, LLC ",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "As  previously  announced,  the  Company  and  IRG,  a  private  real  estate  development  and ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "investment firm specializing in the acquisition, development and management of commercial and ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "industrial  real  estate  throughout  the  United  States,  entered  into  a  definitive  contribution ",
        "box": [
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        "from_ocr": false,
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      {
        "text": "agreement under which IRG will contribute 98 industrial assets  ('the Contribution Portfolio') ",
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      {
        "text": "from its 200-asset portfolio owned by IRG and/or its partners to Sachem, and once completed, ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "the combined company will operate as IRG Realty Trust, Inc. (\"IRGT\"). ",
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "Upon closing, IRGT is expected to own 98 industrial properties having a gross real estate asset ",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "value  of  $2.9  billion,  plus  Sachem's  approximately  $473  million  of  total  assets  in  direct  and ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "indirect mortgage loans, investments in developmental and owned real estate, and other assets. ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "IRGT is expected to have an implied enterprise value of approximately $3.4 billion, positioning ",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "IRGT as a top-10 publicly listed industrial REIT based on enterprise value. IRGT will focus on ",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "mission-critical  industrial  infrastructure  supporting  manufacturing  and  distribution  users.  The ",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "assets not being contributed will continue to be owned and operated by IRG's existing private ",
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      {
        "text": "business, Industrial Realty Group, LLC. ",
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        "text": " ",
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        "text": " ",
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        "text": " ",
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        "text": " ",
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        "text": " ",
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        "text": "                                     ",
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        "text": "Earnings Release - Second Quarter 2026",
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        "text": " ",
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        "text": "5 ",
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        "text": " ",
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      {
        "text": "Industrial Realty Group Transaction and Portfolio Update  ",
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        "from_ocr": false,
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      {
        "text": " ",
        "box": [
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      {
        "text": "\u2022",
        "box": [
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        "from_ocr": false,
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      },
      {
        "text": " ",
        "box": [
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        "from_ocr": false,
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      {
        "text": "Approximately  9.3  million ",
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      {
        "text": "square ",
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      {
        "text": "feet ",
        "box": [
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      {
        "text": "of  new  and  renewal  leases  were  signed, ",
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        "from_ocr": false,
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      {
        "text": "representing $44.9 million of Annual Base Rent ('ABR') during the second quarter 2026 ",
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      {
        "text": "through July 31, 2026. ",
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        "confidence": 1.0
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      {
        "text": "\u2022",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Included  in  the  above,  4.3  million  square  feet  of  new  leases  were  signed  representing ",
        "box": [
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      {
        "text": "$23.1 million of ABR. ",
        "box": [
          108.02,
          167.264,
          218.69,
          177.596
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "\u2022",
        "box": [
          90.024,
          180.70399999999995,
          94.224,
          191.03599999999994
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          94.224,
          180.284,
          97.56,
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        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Notable new leases include 1.8 million square feet at Shreveport Business Park, bringing ",
        "box": [
          108.02,
          180.70399999999995,
          542.792,
          191.03599999999994
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "the  park  to  100%  occupancy,  and  a  full-building  lease  of  approximately  0.5  million ",
        "box": [
          108.02,
          194.144,
          542.9299999999998,
          204.476
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "square feet at Merced Cooper. ",
        "box": [
          108.02,
          207.58399999999995,
          255.29,
          217.91599999999994
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "\u2022",
        "box": [
          90.024,
          221.024,
          94.224,
          231.356
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          94.224,
          220.60400000000004,
          97.56,
          231.367138121547
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Sachem and IRG continue to work through the requirements to complete the transaction, ",
        "box": [
          108.02,
          221.024,
          542.7199999999999,
          231.356
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "including  preparation  of  pro  forma  financial  statements  and  the  filing  of  the  Proxy ",
        "box": [
          108.02,
          234.49399999999991,
          542.8399999999998,
          244.8259999999999
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Statement, ",
        "box": [
          108.02,
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          162.008,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "which ",
        "box": [
          167.756,
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          200.036,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "will ",
        "box": [
          205.784,
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          227.38400000000001,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "provide ",
        "box": [
          233.132,
          247.93399999999997,
          272.73199999999997,
          258.26599999999996
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "additional ",
        "box": [
          278.47999999999996,
          247.93399999999997,
          329.46799999999996,
          258.26599999999996
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "detail ",
        "box": [
          335.21599999999995,
          247.93399999999997,
          364.83199999999994,
          258.26599999999996
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "regarding ",
        "box": [
          370.6039999999999,
          247.93399999999997,
          419.45599999999985,
          258.26599999999996
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "the ",
        "box": [
          425.19199999999984,
          247.93399999999997,
          442.8559999999998,
          258.26599999999996
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "portfolio ",
        "box": [
          448.5799999999998,
          247.93399999999997,
          493.5679999999998,
          258.26599999999996
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "and ",
        "box": [
          499.3159999999998,
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          519.5959999999998,
          258.26599999999996
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "the ",
        "box": [
          525.3439999999998,
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          542.8639999999998,
          258.26599999999996
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "transaction. ",
        "box": [
          108.02,
          261.374,
          166.7,
          271.706
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          274.81399999999996,
          75.024,
          285.146
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "For additional information on the Contribution Agreement, see the Company's Current Report on ",
        "box": [
          72.024,
          288.254,
          542.808,
          298.586
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Form 8-K filed with the SEC on May 18, 2026. ",
        "box": [
          72.024,
          301.694,
          302.69,
          312.026
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
          325.4194545454545
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Portfolio and Asset Management Updates ",
        "box": [
          72.024,
          328.88599999999997,
          280.61,
          338.97945454545453
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          342.134,
          75.024,
          352.466
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Coconut Grove, Florida",
        "box": [
          72.024,
          362.726,
          194.136,
          372.81945454545456
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": ". Subsequent to June 30, 2026, one of the loans to the related-party joint ",
        "box": [
          194.18,
          362.53400000000005,
          543.052,
          372.86600000000004
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "venture was repaid in full following the sale of the underlying Coconut Grove, Florida residence. ",
        "box": [
          72.024,
          376.934,
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          387.266
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "The residence sold for gross sale proceeds of approximately $7.5 million and generated net sale ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "proceeds of approximately $7.0 million. The Company received approximately $7.0 million in ",
        "box": [
          72.024,
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          416.086
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "cash to repay the associated loan in full. Of the two remaining residences, one is complete and ",
        "box": [
          72.024,
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          430.48600000000005
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "actively marketed for sale, and the other is expected to be completed and placed on the market ",
        "box": [
          72.024,
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          444.886
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "during the fourth quarter of 2026. ",
        "box": [
          72.024,
          448.954,
          236.33,
          459.286
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
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        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Vela Cove",
        "box": [
          72.024,
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          124.164,
          488.03945454545453
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-",
        "box": [
          124.1,
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          136.1,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Naples, Florida",
        "box": [
          136.1,
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          215.85200000000003,
          488.03945454545453
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": ". Through the date of this release, we completed improvements to ",
        "box": [
          215.93,
          477.754,
          542.9619999999999,
          488.086
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "the  common  areas  of  the  completed  North  Building,  including  the  rooftop  and  pool,  and ",
        "box": [
          72.024,
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          542.7600000000001,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "rebranded  the  project,  formerly  known  as  The  Nautilus,  as  Vela  Cove.  We  engaged  a  new ",
        "box": [
          72.024,
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          516.886
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "marketing and listing team for the three completed North Building residences and for pre-sales of ",
        "box": [
          72.024,
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          543.076,
          531.2860000000001
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "the four planned South Building residences. We reengaged the South Building architect under a ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "comprehensive agreement covering completion and coordination of the construction plans, and ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "that work is underway. We also completed negotiations with the selected general contractor and ",
        "box": [
          72.024,
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          574.516
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "currently  expect  substantive  construction  work  on  the  South  Building  parcel  to  commence  in ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "early  fourth  quarter  2026.  Urbane  Capital,  our  in-house  asset  management  and  development ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "platform, continues to oversee the development and monetization of the project. ",
        "box": [
          72.024,
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          458.95,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          621.784,
          75.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Sachem's Results of Operations for the Quarter Ended June 30, 2026",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          414.91,
          636.376,
          417.91,
          646.4694545454545
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          649.624,
          75.024,
          659.956
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Net interest income was $1.7 million compared to $2.2 million in the second quarter of 2025. ",
        "box": [
          72.024,
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          673.396
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "The year-over-year change was primarily due to a $0.2 million reduction in interest income from ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "loans  as  average  performing  loan  balances  were  lower  by  $8.4  million.  As  the  Company ",
        "box": [
          72.024,
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        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "continued  to  reduce  its  limited  liability  company  investments,  interest  income  from  limited ",
        "box": [
          72.024,
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          713.736
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        "from_ocr": false,
        "confidence": 1.0
      }
    ]
  },
  {
    "page_no": 6,
    "width": 612.0,
    "height": 792.0,
    "cells": [
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
          24.935999999999922
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "                                     ",
        "box": [
          258.89,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Earnings Release - Second Quarter 2026",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          525.1,
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          528.1,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "6 ",
        "box": [
          303.53,
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          311.06,
          772.43328
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "liability investments decreased $0.1 million while interest expense increased $0.2 million due to ",
        "box": [
          72.024,
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          542.712,
          83.39599999999996
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "higher average borrowing rates. Utilizing the performing loans held for investment balance for ",
        "box": [
          72.024,
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        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "the  quarter  end  of  $254.3  million,  the  effective  interest  rate  on  loans  held  for  investment  was ",
        "box": [
          72.024,
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          110.27599999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "11.4%. Comparatively, using the average performing loans held for investment balance for the ",
        "box": [
          72.024,
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          123.71600000000001
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "prior quarter of $262.7 million, the effective interest rate on loans held for investment was also ",
        "box": [
          72.024,
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          137.15599999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "11.4%. ",
        "box": [
          72.024,
          140.264,
          108.62,
          150.596
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
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        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "The Company's net interest margin was 1.9% for the second quarter, compared to 2.3% for the ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "second quarter 2025.  Net  interest  margin  represents  net  interest  income,  calculated  as  interest ",
        "box": [
          72.024,
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          191.03599999999994
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "income  less  interest  expense,  expressed  as  a  percentage  of  average  loans  held  for  investment ",
        "box": [
          72.024,
          194.144,
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          204.476
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "outstanding for the applicable period. The change in net interest margin reflects both structural ",
        "box": [
          72.024,
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          217.91599999999994
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "and  cyclical  factors.  Structurally,  refinancing  activity  during  2025  increased  the  weighted ",
        "box": [
          72.024,
          221.024,
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          231.356
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "average  cost  of  capital.  Cyclically,  lower  average  earning  assets  reduced  interest-earning ",
        "box": [
          72.024,
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          543.0759999999999,
          244.8259999999999
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "balances. ",
        "box": [
          72.024,
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          119.3,
          258.26599999999996
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
          271.706
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Provision for credit losses related to loans held for investment was $2.6 million, compared with ",
        "box": [
          72.024,
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        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "$0.9 million in the second quarter of 2025. The current-quarter provision was concentrated in ",
        "box": [
          72.024,
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          298.586
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "three specific loans, which accounted for approximately $2.7 million of loan-specific provision ",
        "box": [
          72.024,
          301.694,
          543.0339999999999,
          312.026
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "activity, partially offset by an approximately $0.1 million net decrease in the collective reserve ",
        "box": [
          72.024,
          315.134,
          542.7119999999998,
          325.466
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "for the remaining portfolio and other loan-specific reserves. The loan-specific activity included ",
        "box": [
          72.024,
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          339.026
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "approximately  $0.7  million  associated  with  charge-offs  of  related  receivable  balances  in ",
        "box": [
          72.024,
          342.134,
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          352.466
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "connection with the foreclosure process and transfer of collateral securing one of the loans to real ",
        "box": [
          72.024,
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          365.906
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "estate owned. ",
        "box": [
          72.024,
          369.014,
          140.3,
          379.346
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          382.47400000000005,
          75.024,
          392.80600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Total  other  income  was  $1.4  million  compared  to  $3.3  million  in  the  same  quarter  last  year, ",
        "box": [
          72.024,
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          406.24600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "primarily due to decline in fee income on loans due to lower new loan origination volume, and ",
        "box": [
          72.024,
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          419.68600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "decrease in other income from no rent revenue recognized on the Westport, CT investments in ",
        "box": [
          72.024,
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          542.7719999999998,
          433.12600000000003
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "developmental real estate during 2026 as those investments were sold in December 2025. ",
        "box": [
          72.024,
          436.23400000000004,
          503.86,
          446.56600000000003
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Total operating costs and expenses for the second quarter of 2026 were $5.9 million compared to ",
        "box": [
          72.024,
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          542.76,
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        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "$3.7  million  in  the  same  quarter  last  year.  The  primary  change  was  related  to  transaction ",
        "box": [
          72.024,
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          542.6999999999999,
          486.886
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "expenses as discussed further below. ",
        "box": [
          72.024,
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          250.49,
          500.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          503.55400000000003,
          75.024,
          513.886
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "\u2022",
        "box": [
          90.024,
          516.994,
          94.224,
          527.326
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          94.224,
          516.5740000000001,
          97.56,
          527.337138121547
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Compensation and employee benefits were $1.9 million, compared to $1.8 million in the ",
        "box": [
          108.02,
          516.994,
          542.7680000000001,
          527.326
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "same  quarter  last  year,  reflecting  strategic  additions  to  personnel  during  2025  and ",
        "box": [
          108.02,
          530.434,
          542.7680000000001,
          540.766
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "performance-based ",
        "box": [
          108.02,
          543.904,
          202.82000000000002,
          554.236
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "compensation ",
        "box": [
          214.08800000000002,
          543.904,
          283.78400000000005,
          554.236
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "adjustments ",
        "box": [
          294.9320000000001,
          543.904,
          355.2680000000001,
          554.236
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "including ",
        "box": [
          366.4280000000001,
          543.904,
          414.7640000000001,
          554.236
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "non-cash ",
        "box": [
          425.93600000000015,
          543.904,
          472.37799999999993,
          554.236
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "stock-based ",
        "box": [
          483.52599999999995,
          543.904,
          543.1,
          554.236
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "compensation. ",
        "box": [
          108.02,
          557.344,
          180.62,
          567.6759999999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "\u2022",
        "box": [
          90.024,
          570.784,
          94.224,
          581.116
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          94.224,
          570.364,
          97.56,
          581.127138121547
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "General  and  administrative  expenses  were  $1.4  million,  versus  $1.3  million  from  the ",
        "box": [
          108.02,
          570.784,
          542.7439999999999,
          581.116
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "same quarter last year, primarily due to additional costs associated with our investments ",
        "box": [
          108.02,
          584.2239999999999,
          542.8939999999998,
          594.556
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "in developmental real estate and real estate owned, as well as increases in professional ",
        "box": [
          108.02,
          597.664,
          542.7319999999995,
          607.996
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "costs and director fees. ",
        "box": [
          108.02,
          611.104,
          220.97,
          621.4359999999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "\u2022",
        "box": [
          90.024,
          624.544,
          94.224,
          634.876
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          94.224,
          624.124,
          97.56,
          634.887138121547
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Transaction  expenses  were  $2.6  million,  which  are  associated  with  the  contribution ",
        "box": [
          108.02,
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          542.7800000000001,
          634.876
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "transaction with IRG and as more particularly described in recent SEC filings. Additional ",
        "box": [
          108.02,
          637.984,
          542.7679999999999,
          648.316
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "material costs are expected to be incurred until that transaction closes. ",
        "box": [
          108.02,
          651.544,
          447.31,
          661.876
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "\u2022",
        "box": [
          90.024,
          664.984,
          94.224,
          675.316
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          94.224,
          664.564,
          97.56,
          675.3271381215469
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Non-cash impairment loss on real  estate  was  $0.3  million  related  to  specific  property-",
        "box": [
          108.02,
          664.984,
          540.016,
          675.316
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "level valuation adjustments following updated market data and liquidation timelines. ",
        "box": [
          108.02,
          678.424,
          517.78,
          688.756
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "\u2022",
        "box": [
          90.024,
          691.884,
          94.224,
          702.216
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          94.224,
          691.4639999999999,
          97.56,
          702.227138121547
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Gain on sale of investments in developmental real estate, real estate owned and property ",
        "box": [
          108.02,
          691.884,
          542.732,
          702.216
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "and equipment, net was $0.5 million, reflecting gains realized on the disposition of select ",
        "box": [
          108.02,
          705.324,
          542.7800000000002,
          715.656
        ],
        "from_ocr": false,
        "confidence": 1.0
      }
    ]
  },
  {
    "page_no": 7,
    "width": 612.0,
    "height": 792.0,
    "cells": [
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "                                     ",
        "box": [
          258.89,
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        "from_ocr": false,
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      {
        "text": "Earnings Release - Second Quarter 2026",
        "box": [
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          525.0549999999997,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          525.1,
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          528.1,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "7 ",
        "box": [
          303.53,
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          311.06,
          772.43328
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "real ",
        "box": [
          108.02,
          73.06399999999996,
          128.87599999999998,
          83.39599999999996
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "estate  assets  and  developmental  projects  driven  by  improved  value  creation ",
        "box": [
          133.80799999999996,
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          542.7919999999999,
          83.39599999999996
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "execution relative to carrying value and successful asset repositioning, whereas the same ",
        "box": [
          108.02,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "quarter last year included more limited disposition activity. ",
        "box": [
          108.02,
          99.94399999999996,
          394.27,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Net loss attributable to common shareholders for the second quarter of 2026 was $6.5 million, or ",
        "box": [
          72.024,
          126.82399999999996,
          542.7719999999999,
          137.15599999999995
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "$0.14 per common share, compared to net income attributable to common shareholders of $0.8 ",
        "box": [
          72.024,
          140.264,
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          150.596
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "million, or $0.02 per common share for the second quarter of 2025.  The current-quarter loss was ",
        "box": [
          72.024,
          153.70399999999995,
          542.9979999999998,
          164.03599999999994
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "significantly  affected  by  the  $2.6  million  provision  for  credit  losses  described  above  and  $2.6 ",
        "box": [
          72.024,
          167.264,
          542.7479999999998,
          177.596
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "million of transaction expenses associated with the pending contribution transaction. ",
        "box": [
          72.024,
          180.70399999999995,
          481.06,
          191.03599999999994
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Balance Sheet",
        "box": [
          72.024,
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          142.99200000000002,
          217.86945454545457
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          143.06,
          207.572,
          146.06,
          217.9189090909091
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          146.06,
          207.77599999999995,
          149.06,
          217.86945454545457
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          221.024,
          75.024,
          231.356
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "At quarter end, total assets were $472.9 million compared to $460.0 million as of December 31, ",
        "box": [
          72.024,
          234.49399999999991,
          535.104,
          244.8259999999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "2025, and total liabilities were $314.1 million compared to $285.1 million as of December 31, ",
        "box": [
          72.024,
          247.93399999999997,
          526.5840000000001,
          258.26599999999996
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "2025. ",
        "box": [
          72.024,
          261.374,
          102.024,
          271.706
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          274.81399999999996,
          75.024,
          285.146
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Total indebtedness at quarter end was $306.3 million. This includes $172.0 million of unsecured ",
        "box": [
          72.024,
          288.254,
          543.0100000000001,
          298.586
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "notes payable (net of $1.2 million of deferred financing costs), $96.8 million of senior secured ",
        "box": [
          72.024,
          301.694,
          542.7479999999998,
          312.026
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "notes payable (net of $3.2 million of deferred financing costs), $36.5 million outstanding on a ",
        "box": [
          72.024,
          315.134,
          542.7959999999999,
          325.466
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "$50.0 million revolving credit facility and $0.9 million of outstanding principal on a loan secured ",
        "box": [
          72.024,
          328.694,
          542.82,
          339.026
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "by a mortgage on the Company's office building.",
        "box": [
          72.024,
          342.134,
          307.65600000000006,
          352.466
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          307.85,
          342.134,
          310.85,
          352.466
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          355.574,
          75.024,
          365.906
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Total shareholders' equity as of June 30, 2026, was $158.8 million compared to $174.9 million as ",
        "box": [
          72.024,
          369.014,
          542.892,
          379.346
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "of December 31, 2025.   ",
        "box": [
          72.024,
          382.47400000000005,
          191.3,
          392.80600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          395.90200000000004,
          75.024,
          406.24890909090914
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Book value per common share ",
        "box": [
          72.024,
          409.546,
          225.77,
          419.63945454545456
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          422.79400000000004,
          75.024,
          433.12600000000003
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Book  value  per  common  share  as  of  June  30,  2026,  was  $2.11,  as  compared  to  $2.46  as  of ",
        "box": [
          72.024,
          436.23400000000004,
          542.748,
          446.56600000000003
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "December 31, 2025. This change was primarily due to cash dividends declared and paid for the ",
        "box": [
          72.024,
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          542.7119999999998,
          460.00600000000003
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "six months ended June 30, 2026 on issued and outstanding common shares and shares of Series ",
        "box": [
          72.024,
          463.11400000000003,
          542.784,
          473.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "A Preferred  Stock  totaling  $5.1  million,  or  $0.11  per  common  share,  and  net  loss  for  the  six ",
        "box": [
          72.024,
          476.55400000000003,
          542.6400000000001,
          486.886
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "months ended June 30, 2026 of $11.5 million, or $0.24 per common share.   ",
        "box": [
          72.024,
          490.11400000000003,
          439.03,
          500.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
          513.886
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "This six month period's net loss impacting the book value per common share was materially due ",
        "box": [
          72.024,
          516.994,
          542.6639999999998,
          527.326
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "to 1) the non-cash discounted cash flow fair value adjustment on loan restructuring recorded in ",
        "box": [
          72.024,
          530.434,
          542.8519999999996,
          540.766
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "provision  for  credit  losses  related  to  loans  held  for  investment  of  $3.9  million,  or  $0.08  per ",
        "box": [
          72.024,
          543.904,
          542.7720000000004,
          554.236
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "common  share,  2)  contribution  transactional  expenses  of  $4.2  million  or  $0.09  per  common ",
        "box": [
          72.024,
          557.344,
          542.7959999999997,
          567.6759999999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "share, and 3) the second-quarter provision for credit losses related to loans held for investment of ",
        "box": [
          72.024,
          570.784,
          542.8639999999998,
          581.116
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "$2.6  million,  or  approximately  $0.05  per  common  share,  which  was  concentrated  in  three ",
        "box": [
          72.024,
          584.2239999999999,
          542.7959999999997,
          594.556
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "specific  loans  as  described  earlier.  The  aggregate  impact  of  these  events  is  $10.7  million,  or ",
        "box": [
          72.024,
          597.664,
          542.8820000000001,
          607.996
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "$0.22 per common share of book value. ",
        "box": [
          72.024,
          611.104,
          265.73,
          621.4359999999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          624.544,
          75.024,
          634.876
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Dividends ",
        "box": [
          72.024,
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          124.33200000000001,
          648.2694545454546
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          124.34,
          637.984,
          127.34,
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        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
          661.876
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "The  Company  currently  operates  and  qualifies  as  a  Real  Estate  Investment  Trust  (REIT)  for ",
        "box": [
          72.024,
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          542.7359999999999,
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        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "federal  income  tax  purposes  and  intends  to  continue  to  qualify  and  operate  as  a  REIT.  Under ",
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        "text": "federal income tax rules, a REIT is required to distribute a minimum of 90% of taxable income ",
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    "cells": [
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        "text": " ",
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      {
        "text": "                                     ",
        "box": [
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      {
        "text": "Earnings Release - Second Quarter 2026",
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        "text": " ",
        "box": [
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        "text": "8 ",
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      {
        "text": "each year to its shareholders, and the Company intends to comply with this requirement for the ",
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      {
        "text": "current year.  ",
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        "text": " ",
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      {
        "text": "On June 30, 2026, the Company paid a dividend of $0.484375 per share to the holders of its ",
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      {
        "text": "Series A Preferred Stock and $0.01 per share to its common shareholders of record on June 15, ",
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        "text": "2026. ",
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        "text": " ",
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      {
        "text": "About Sachem Capital Corp ",
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      {
        "text": " ",
        "box": [
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      {
        "text": "Sachem is a mortgage REIT that specializes in originating, underwriting, funding, servicing, and ",
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      {
        "text": "managing a portfolio of loans secured by first mortgages on real property. It offers short-term ",
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        "confidence": 1.0
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      {
        "text": "(i.e.,  one  to  three  years),  secured,  nonbanking  loans  to  real  estate  investors  to  fund  their ",
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        "confidence": 1.0
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      {
        "text": "acquisition, ",
        "box": [
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      {
        "text": "renovation, ",
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        "confidence": 1.0
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      {
        "text": "development, ",
        "box": [
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        "confidence": 1.0
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      {
        "text": "rehabilitation, ",
        "box": [
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        "confidence": 1.0
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      {
        "text": "or ",
        "box": [
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      {
        "text": "improvement ",
        "box": [
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      {
        "text": "of ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "properties. ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "The ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "Company's primary underwriting  criteria  is  a  conservative  loan  to  value  ratio.  The  properties ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "securing the loans are generally classified as residential or commercial real estate and, typically, ",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "are held for resale or investment. Loans are secured by mortgage liens on real estate and often ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "are  personally  guaranteed  by  the  principal(s)  of  the  borrower.  The  Company  also  makes ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "opportunistic real estate purchases apart from its lending activities. ",
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      {
        "text": " ",
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      },
      {
        "text": "Forward Looking Statements",
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        "text": " ",
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      {
        "text": " ",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "This  press  release  includes  forward-looking  statements.  These  forward-looking  statements ",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "generally  can  be  identified  by  phrases  such  as  'anticipate,'  'estimate,'  'expect,'  'project,' ",
        "box": [
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        "text": "'plan,' ",
        "box": [
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        "confidence": 1.0
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        "text": "'seek,' ",
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        "confidence": 1.0
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        "text": "'intend,' ",
        "box": [
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      {
        "text": "'believe,' ",
        "box": [
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        "confidence": 1.0
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      {
        "text": "'may,'  'might,' ",
        "box": [
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        "confidence": 1.0
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        "text": "'will,' ",
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        "text": "'should,' ",
        "box": [
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        "confidence": 1.0
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      {
        "text": "'could,' ",
        "box": [
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        "confidence": 1.0
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      {
        "text": "'likely,' ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "'continue,' 'outlook,' 'design,' and the negative of such terms and other words and terms of ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "similar  expressions  are  intended  to  identify  forward-looking  statements.  Such  forward-looking ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "statements include, but are not limited to, statements about the proposed transaction with IRG ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(the 'Transaction') and expected timing, terms, structure and completion thereof; the expected ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "ownership,  governance,  management,  business  strategy  and  market  position  of  the  combined ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "company;  the  expected  benefits  of  the  Transaction,  including  anticipated  future  financial  and ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "operating  results,  accretion,  growth  rates,  revenue,  NOI,  cash  flow  generation,  cost-of-capital ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "improvements,  liquidity,  deleveraging,  leverage  targets  and  risk-adjusted  returns;  the  expected ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "gross  asset  value,  enterprise  value,  portfolio  composition,  industrial  REIT  ranking,  mark-to-",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "market  rent  growth,  acquisition  and  development  opportunities  and  lending  strategy  of  the ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "combined  company;  and  Sachem's,  IRG's  and  the  combined  company's  plans,  objectives, ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "expectations and intentions. These statements are based on current expectations, estimates and ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "projections about the industry, markets in which Sachem and IRG operate, management's beliefs, ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "assumptions  made  by  management  and  the  transactions  described  in  this  press  release.  While ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "Sachem's management believes the assumptions underlying the forward",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-looking statements and ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "information  are  reasonable,  such  information  is  necessarily  subject  to  uncertainties  and  may ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "involve  certain  risks,  many  of  which  are  difficult  to  predict  and  are  beyond  management's ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "control. These risks include, but are not limited to: (1) the occurrence of any event, change or ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "other circumstances that could give rise to the termination of the contribution agreement; (2) the ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "nature,  cost  and  outcome  of  any  litigation  and  other  legal  proceedings,  including  any  such ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "proceedings  related  to  the  Transaction  that  may  be  instituted  against  the  parties  and  others ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "following  announcement  of  the  Transaction;  (3)  the  inability  to  consummate  the  Transaction ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "within the anticipated time period, or at all, due to any reason, including the failure to obtain the ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "requisite  shareholder  approval,  failure  to  obtain  required  regulatory  approvals,  the  failure  to ",
        "box": [
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  {
    "page_no": 9,
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    "cells": [
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        "text": " ",
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        "confidence": 1.0
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        "text": "                                     ",
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      {
        "text": "Earnings Release - Second Quarter 2026",
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        "from_ocr": false,
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      {
        "text": " ",
        "box": [
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      {
        "text": "9 ",
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "obtain debt financing on the terms or timing expected, or at all, or the failure to satisfy other ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "conditions  to  completion  of  the  Transaction;  (4)  risks  that  the  proposed  Transaction  disrupts ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "current  plans  and  operations  of  Sachem  or  diverts  management's  attention  from  its  ongoing ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "business; (5) the ability to recognize the anticipated benefits of the Transaction; (6) the amount ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "of  the  costs,  fees,  expenses  and  charges  related  to  the  Transaction;  (7)  the  risk  that  the ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "contribution  agreement  may  be  terminated  in  circumstances  requiring  Sachem  to  pay  a ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "termination fee; (8) the effect of the announcement of the Transaction on the ability of Sachem to ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "retain  and  hire  key  personnel  and  maintain  relationships  with  its  borrowers  and  others  with ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "whom  it  does  business;  (9)  the  effect  of  the  announcement  of  the  Transaction  on  Sachem's ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "operating  results  and  business  generally;  (10)  the  risk  that  Sachem's  stock  price  may  decline ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "significantly  if  the  Transaction  is  not  consummated;  and  (11)  the  other  risks  and  important ",
        "box": [
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          217.91599999999994
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "factors  contained  and  identified  in  Sachem's  filings  with  the  SEC,  such  as  Sachem's Annual ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Report on Form 10-K for the fiscal year ended December 31, 2025 and its Quarterly Report on ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "Form 10-",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Q for the quarter ended March 31, 2026, as well as Sachem's subsequent reports on ",
        "box": [
          118.46,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Form 10-K, Form 10-Q or Form 8-K filed from time to time, any of which could cause actual ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "results to differ materially from the forward-looking statements in this press release. ",
        "box": [
          72.024,
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          478.78,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "There  can  be  no  assurance  that  the  Transaction  will  in  fact  be  consummated.  We  caution ",
        "box": [
          72.024,
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          312.026
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "investors not to unduly rely on any forward-looking statements. The forward-looking statements ",
        "box": [
          72.024,
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          543.034,
          325.466
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "speak only as of the date of this press release. Sachem undertakes no obligation or duty to update ",
        "box": [
          72.024,
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          339.026
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "or  revise  any  of  these  forward-looking  statements  after  the  date  of  this  press  release,  nor  to ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "conform prior statements to actual results or revised expectations, and Sachem does not intend to ",
        "box": [
          72.024,
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          542.7,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "do so. ",
        "box": [
          72.024,
          369.014,
          103.7,
          379.346
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
          392.80600000000004
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Additional Information and Where to Find It",
        "box": [
          72.024,
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          303.54,
          406.19945454545456
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          303.65,
          395.91400000000004,
          306.65,
          406.24600000000004
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "This press release does not constitute a solicitation of any vote or approval or an offer to sell or ",
        "box": [
          72.024,
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          433.12600000000003
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "the solicitation of an offer to buy any securities in connection with the Transaction. In connection ",
        "box": [
          72.024,
          436.23400000000004,
          542.7719999999997,
          446.56600000000003
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "with the proposed Transaction, Sachem will file a proxy statement (the 'Proxy Statement') with ",
        "box": [
          72.024,
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          542.7600000000001,
          460.00600000000003
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "the Securities and Exchange Commission (the 'SEC'), which Sachem will furnish, together with ",
        "box": [
          72.024,
          463.11400000000003,
          542.748,
          473.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "any  other  relevant  documents,  to  its  shareholders  in  connection  with  the  special  meeting  of ",
        "box": [
          72.024,
          476.55400000000003,
          542.8679999999997,
          486.886
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Sachem shareholders to vote on the Transaction (the 'Sachem Shareholder Meeting'). This press ",
        "box": [
          72.024,
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          542.7719999999999,
          500.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "release is not a substitute for the Proxy Statement or any other document that Sachem may file ",
        "box": [
          72.024,
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          542.7719999999998,
          513.886
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "with the SEC or send to its shareholders in connection with the Transaction. BEFORE MAKING ",
        "box": [
          72.024,
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          542.712,
          527.326
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "ANY  VOTING  DECISION,  WE  URGE  SHAREHOLDERS  TO  READ  THE  PROXY ",
        "box": [
          72.024,
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          540.766
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "STATEMENT (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND ",
        "box": [
          72.024,
          543.904,
          542.8079999999997,
          554.236
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "WHEN THEY  BECOME AVAILABLE,  BECAUSE  THEY  WILL  CONTAIN  IMPORTANT ",
        "box": [
          72.024,
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          581.116
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "INFORMATION ABOUT SACHEM AND THE PROPOSED TRANSACTION. The proposals ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "for the Transaction will be made solely through the Proxy Statement. In addition, a copy of the ",
        "box": [
          72.024,
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          607.996
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Proxy Statement (when it becomes available) may be obtained free of charge from the Investor ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Relations  Department  of  Sachem  at  Investor  Relations,  568  East  Main  Street,  Branford,  CT ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "06405. Security holders also will be able to obtain, free of charge, copies of the Proxy Statement ",
        "box": [
          72.024,
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          542.688,
          648.316
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "and  any  other  documents  filed  by  Sachem  with  the  SEC  in  connection  with  the  proposed ",
        "box": [
          72.024,
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          661.876
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Transaction ",
        "box": [
          72.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "at ",
        "box": [
          137.508,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "the ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "SEC's ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "website ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "at ",
        "box": [
          264.75600000000014,
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "http://www.sec.gov ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "and ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "at ",
        "box": [
          411.8160000000001,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Sachem's ",
        "box": [
          429.9240000000001,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "website ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "at ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "https://www.sachemcapitalcorp.com/. ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
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        "from_ocr": false,
        "confidence": 1.0
      }
    ]
  },
  {
    "page_no": 10,
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    "cells": [
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        "text": " ",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "                                     ",
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      {
        "text": "Earnings Release - Second Quarter 2026",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
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        "from_ocr": false,
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      {
        "text": "10 ",
        "box": [
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      {
        "text": "Participants in the Solicitation ",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "The  directors  and  executive  officers  of  Sachem,  and  certain  directors,  managers,  officers  and ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "other members of management of IRG and its affiliates, may be deemed to be participants in the ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "solicitation of proxies in connection with the approval of the proposed Transaction. Information ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "regarding Sachem's directors and executive officers and their respective interests in Sachem by ",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "security holdings or otherwise is available in its most recent Annual Report on Form 10-K filed ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "with the SEC (available here). Additional information regarding the interests of such potential ",
        "box": [
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        "from_ocr": false,
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      {
        "text": "participants is or will be included in the Proxy Statement and other relevant materials to be filed ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "with  the  SEC  when  they  become  available,  including  in  connection  with  the  solicitation  of ",
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        "from_ocr": false,
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      {
        "text": "proxies to approve the proposed Transaction. ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
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        "from_ocr": false,
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      {
        "text": "Investor & Media Contact:",
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      {
        "text": " ",
        "box": [
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      {
        "text": "Email: investors@sachemcapitalcorp.com ",
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    ]
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    "page_no": 11,
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    "cells": [
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        "text": " ",
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        "confidence": 1.0
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      {
        "text": "                                     ",
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      {
        "text": "Earnings Release - Second Quarter 2026",
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        "from_ocr": false,
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      {
        "text": " ",
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      {
        "text": "11 ",
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        "from_ocr": false,
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      {
        "text": " ",
        "box": [
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      {
        "text": "SACHEM CAPITAL CORP. ",
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      {
        "text": "CONDENSED CONSOLIDATED BALANCE SHEETS ",
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        "from_ocr": false,
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      {
        "text": "(in thousands, except share data) ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
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        "from_ocr": false,
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      {
        "text": "June 30, 2026",
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        "from_ocr": false,
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      {
        "text": " ",
        "box": [
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        "from_ocr": false,
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      {
        "text": " ",
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      {
        "text": "December 31, 2025",
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        "text": " ",
        "box": [
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        "text": " ",
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      {
        "text": "(unaudited)",
        "box": [
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      {
        "text": " ",
        "box": [
          459.07,
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          462.07,
          159.356
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          476.74,
          152.144,
          479.74,
          162.476
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(audited)",
        "box": [
          500.62,
          151.89692000000002,
          531.8232400000002,
          158.65953454545456
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          531.7,
          149.024,
          534.7,
          159.356
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Assets",
        "box": [
          61.2,
          164.15707999999995,
          87.74340000000004,
          172.53464727272728
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          87.864,
          162.58399999999995,
          90.864,
          172.91599999999994
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "   ",
        "box": [
          473.98,
          164.144,
          484.42,
          174.476
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Cash and cash equivalents ",
        "box": [
          65.784,
          175.30399999999997,
          174.02,
          185.63599999999997
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "$ ",
        "box": [
          406.15,
          176.71771999999999,
          413.68,
          185.29327999999998
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "28,819     $ ",
        "box": [
          443.23,
          176.71771999999999,
          488.83,
          185.29327999999998
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "10,924  ",
        "box": [
          522.1,
          175.30399999999997,
          555.94,
          185.63599999999997
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Investment securities (at fair value) ",
        "box": [
          65.784,
          188.024,
          210.53,
          198.356
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          189.43772,
          408.64,
          198.01328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "803      ",
        "box": [
          455.71,
          189.43772,
          483.79,
          198.01328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "936  ",
        "box": [
          534.7,
          188.024,
          555.94,
          198.356
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Loans held for investment (net of deferred loan fees of $1,753 and $2,230) ",
        "box": [
          61.2,
          202.15771999999993,
          362.68,
          210.73327999999992
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          202.27771999999993,
          408.64,
          210.85327999999993
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "335,804      ",
        "box": [
          438.31,
          202.27771999999993,
          483.79,
          210.85327999999993
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "375,188  ",
        "box": [
          517.18,
          200.86399999999992,
          555.94,
          211.1959999999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Allowance for credit losses ",
        "box": [
          65.784,
          215.024,
          177.86,
          225.356
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.99,
          216.43772,
          409.48,
          225.01328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(13,491)     ",
        "box": [
          439.75,
          216.43772,
          484.99,
          225.01328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(11,510) ",
        "box": [
          519.1,
          215.024,
          555.94,
          225.356
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Loans held for investment, net  ",
        "box": [
          65.784,
          227.894,
          193.22,
          238.226
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          229.30772000000002,
          408.64,
          237.88328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "322,313      ",
        "box": [
          438.31,
          229.30772000000002,
          483.79,
          237.88328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "363,678  ",
        "box": [
          517.18,
          227.894,
          555.94,
          238.226
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Interest and fees receivable (net of allowance of $1,233 and $2,598) ",
        "box": [
          61.2,
          242.02771999999993,
          335.92,
          250.60327999999993
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          242.14771999999994,
          408.64,
          250.72327999999993
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "3,975      ",
        "box": [
          448.27,
          242.14771999999994,
          483.79,
          250.72327999999993
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "4,116  ",
        "box": [
          527.14,
          240.73399999999992,
          555.94,
          251.06599999999992
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Due from borrowers (net of allowance of $2,043 and $1,084) ",
        "box": [
          61.2,
          256.18772,
          308.42,
          264.76328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          256.30772,
          408.64,
          264.88328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "4,413      ",
        "box": [
          448.27,
          256.30772,
          483.79,
          264.88328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "6,978  ",
        "box": [
          527.14,
          254.894,
          555.94,
          265.226
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Real estate owned (net of impairment of $1,028 and $1,110) ",
        "box": [
          61.2,
          270.46772,
          304.7,
          279.04328
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          270.58772,
          408.64,
          279.16328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "20,968      ",
        "box": [
          443.23,
          270.58772,
          483.79,
          279.16328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "16,402  ",
        "box": [
          522.1,
          269.174,
          555.94,
          279.506
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Investments in limited liability companies ",
        "box": [
          65.784,
          283.334,
          237.17,
          293.666
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          284.74771999999996,
          408.64,
          293.32327999999995
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "34,237      ",
        "box": [
          443.23,
          284.74771999999996,
          483.79,
          293.32327999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "39,132  ",
        "box": [
          522.1,
          283.334,
          555.94,
          293.666
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Investments in developmental real estate, net ",
        "box": [
          65.784,
          296.05400000000003,
          248.81,
          306.386
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          297.46772,
          408.64,
          306.04328
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "45,536      ",
        "box": [
          443.23,
          297.46772,
          483.79,
          306.04328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "9,719  ",
        "box": [
          527.14,
          296.05400000000003,
          555.94,
          306.386
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Property and equipment, net ",
        "box": [
          65.784,
          308.774,
          182.06,
          319.106
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          310.18771999999996,
          408.64,
          318.76327999999995
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "3,043      ",
        "box": [
          448.27,
          310.18771999999996,
          483.79,
          318.76327999999995
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "3,160  ",
        "box": [
          527.14,
          308.774,
          555.94,
          319.106
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Other assets ",
        "box": [
          65.784,
          321.61400000000003,
          117.38,
          331.946
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          323.02772,
          408.64,
          331.60328
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "8,793      ",
        "box": [
          448.27,
          323.02772,
          483.79,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "5,002  ",
        "box": [
          527.14,
          321.61400000000003,
          555.94,
          331.946
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Total assets ",
        "box": [
          70.224,
          334.334,
          119.42,
          344.666
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "$ ",
        "box": [
          406.15,
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          413.68,
          344.32327999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "472,900     $ ",
        "box": [
          438.31,
          335.74771999999996,
          488.83,
          344.32327999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "460,047  ",
        "box": [
          517.18,
          334.334,
          555.94,
          344.666
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          70.224,
          348.97400000000005,
          73.224,
          359.30600000000004
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "   ",
        "box": [
          473.98,
          348.97400000000005,
          484.42,
          359.30600000000004
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Liabilities and Shareholders' Equity",
        "box": [
          61.2,
          358.34707999999995,
          215.32103999999987,
          366.7246472727272
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          215.57,
          356.774,
          218.57,
          367.106
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "   ",
        "box": [
          473.98,
          358.334,
          484.42,
          368.666
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Liabilities: ",
        "box": [
          61.2,
          371.05400000000003,
          107.54,
          381.386
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "   ",
        "box": [
          473.98,
          372.61400000000003,
          484.42,
          382.946
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Notes payable (net of deferred financing costs of $1,213 and $1,905) ",
        "box": [
          61.2,
          386.76772,
          339.28000000000003,
          395.34328
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "$ ",
        "box": [
          406.15,
          386.88772,
          413.68,
          395.46328
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "172,041     $ ",
        "box": [
          438.31,
          386.88772,
          488.83,
          395.46328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "171,349  ",
        "box": [
          517.18,
          385.47400000000005,
          555.94,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Senior secured notes payable (net of deferred financing costs of $3,152 and $3,427) ",
        "box": [
          61.2,
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          398.68,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          401.04771999999997,
          408.64,
          409.62327999999997
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "96,848      ",
        "box": [
          443.23,
          401.04771999999997,
          483.79,
          409.62327999999997
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "86,573  ",
        "box": [
          522.1,
          399.634,
          555.94,
          409.966
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Mortgage payable ",
        "box": [
          65.784,
          412.35400000000004,
          141.26,
          422.68600000000004
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          413.76772,
          408.64,
          422.34328
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "873      ",
        "box": [
          455.71,
          413.76772,
          483.79,
          422.34328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "917  ",
        "box": [
          534.7,
          412.35400000000004,
          555.94,
          422.68600000000004
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Lines of credit ",
        "box": [
          65.784,
          424.714,
          127.1,
          435.046
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          428.16772,
          408.64,
          436.74327999999997
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "36,500    ",
        "box": [
          443.23,
          428.16772,
          483.79,
          436.74327999999997
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "19,000  ",
        "box": [
          522.1,
          426.754,
          555.94,
          437.086
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Accounts payable and accrued liabilities ",
        "box": [
          65.784,
          440.194,
          230.45,
          450.526
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          441.60772,
          408.64,
          450.18327999999997
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "4,727      ",
        "box": [
          448.27,
          441.60772,
          483.79,
          450.18327999999997
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "3,255  ",
        "box": [
          527.14,
          440.194,
          555.94,
          450.526
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Advances from borrowers ",
        "box": [
          65.784,
          453.03400000000005,
          173.18,
          463.36600000000004
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          454.44772,
          408.64,
          463.02328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "3,119      ",
        "box": [
          448.27,
          454.44772,
          483.79,
          463.02328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "4,016  ",
        "box": [
          527.14,
          453.03400000000005,
          555.94,
          463.36600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Total liabilities ",
        "box": [
          70.224,
          465.754,
          133.34,
          476.086
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          467.16772,
          408.64,
          475.74327999999997
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "314,108      ",
        "box": [
          438.31,
          467.16772,
          483.79,
          475.74327999999997
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "285,110  ",
        "box": [
          517.18,
          465.754,
          555.94,
          476.086
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          70.224,
          480.03400000000005,
          73.224,
          490.36600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.27,
          480.03400000000005,
          409.27,
          490.36600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  ",
        "box": [
          477.94,
          480.03400000000005,
          484.42,
          490.36600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Commitments and Contingencies - Note 14 ",
        "box": [
          61.2,
          488.194,
          237.89,
          498.526
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.27,
          489.754,
          409.27,
          500.086
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  ",
        "box": [
          477.94,
          489.754,
          484.42,
          500.086
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          61.2,
          502.59400000000005,
          64.2,
          512.926
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.27,
          502.59400000000005,
          409.27,
          512.926
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  ",
        "box": [
          477.94,
          502.59400000000005,
          484.42,
          512.926
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Shareholders' equity:",
        "box": [
          61.2,
          512.1677199999999,
          146.30820000000003,
          520.7432799999999
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          146.3,
          510.754,
          149.3,
          521.086
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.27,
          512.3140000000001,
          409.27,
          522.646
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  ",
        "box": [
          477.94,
          512.3140000000001,
          484.42,
          522.646
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Preferred shares - $0.001 par value; 5,000,000 shares authorized; 3,332,000 shares ",
        "box": [
          61.2,
          524.88772,
          394.11976000000004,
          533.4632799999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "designated as Series A Preferred Stock; 2,312,758 shares of Series A Preferred Stock ",
        "box": [
          61.2,
          534.96772,
          401.98316000000017,
          543.54328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "issued and outstanding at June 30, 2026 and December 31, 2025, respectively ",
        "box": [
          61.2,
          544.95772,
          374.2,
          553.53328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          544.47772,
          408.64,
          553.05328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "2    ",
        "box": [
          465.82,
          544.47772,
          483.79,
          553.05328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "2  ",
        "box": [
          544.66,
          543.064,
          555.94,
          553.396
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Common Shares - $0.001 par value; 200,000,000 shares authorized; 47,954,632 and ",
        "box": [
          61.2,
          558.63772,
          400.22224000000006,
          567.2132799999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "47,684,955 issued and outstanding at June 30, 2026 and December 31, 2025, ",
        "box": [
          61.2,
          568.71772,
          370.96000000000004,
          577.29328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "respectively ",
        "box": [
          61.2,
          578.67772,
          112.07,
          587.25328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          578.31772,
          408.64,
          586.89328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "48    ",
        "box": [
          460.75,
          578.31772,
          483.79,
          586.89328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "48  ",
        "box": [
          539.62,
          576.904,
          555.94,
          587.236
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Additional paid-in capital ",
        "box": [
          61.2,
          591.064,
          166.94,
          601.396
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          592.47772,
          408.64,
          601.05328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "258,332      ",
        "box": [
          438.31,
          592.47772,
          483.79,
          601.05328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "257,905  ",
        "box": [
          517.18,
          591.064,
          555.94,
          601.396
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Cumulative net earnings ",
        "box": [
          61.2,
          603.424,
          162.02,
          613.756
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          606.87772,
          408.64,
          615.45328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "30,372    ",
        "box": [
          443.23,
          606.87772,
          483.79,
          615.45328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "41,826  ",
        "box": [
          522.1,
          605.4639999999999,
          555.94,
          615.796
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Cumulative dividends paid ",
        "box": [
          61.2,
          618.544,
          171.98,
          628.876
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.99,
          621.9977200000001,
          409.48,
          630.5732800000001
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(129,962)   ",
        "box": [
          434.83,
          621.9977200000001,
          484.75,
          630.5732800000001
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(124,844) ",
        "box": [
          513.82,
          620.5840000000001,
          555.94,
          630.9159999999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Total shareholders' equity",
        "box": [
          74.784,
          635.55772,
          178.31819999999996,
          644.13328
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          178.34,
          634.144,
          181.34,
          644.476
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          406.15,
          635.55772,
          408.64,
          644.13328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "158,792      ",
        "box": [
          438.31,
          635.55772,
          483.79,
          644.13328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "174,937  ",
        "box": [
          517.18,
          634.144,
          555.94,
          644.476
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Total liabilities and shareholders' equity",
        "box": [
          70.224,
          648.27772,
          230.36087999999987,
          656.85328
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          230.45,
          646.864,
          233.45,
          657.196
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "$ ",
        "box": [
          406.15,
          648.27772,
          413.68,
          656.85328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "472,900     $ ",
        "box": [
          438.31,
          648.27772,
          488.83,
          656.85328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "460,047  ",
        "box": [
          517.18,
          646.864,
          555.94,
          657.196
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          665.4639999999999,
          75.024,
          675.796
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          679.864,
          75.024,
          690.196
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          694.284,
          75.024,
          704.616
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          708.684,
          75.024,
          719.016
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        "from_ocr": false,
        "confidence": 1.0
      }
    ]
  },
  {
    "page_no": 12,
    "width": 612.0,
    "height": 792.0,
    "cells": [
      {
        "text": " ",
        "box": [
          72.024,
          14.603999999999928,
          75.024,
          24.935999999999922
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "                                     ",
        "box": [
          258.89,
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          369.89,
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      {
        "text": "Earnings Release - Second Quarter 2026",
        "box": [
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          525.0549999999997,
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
          525.1,
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          528.1,
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      {
        "text": "12 ",
        "box": [
          301.01,
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          313.46000000000004,
          772.43328
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
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        "from_ocr": false,
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      },
      {
        "text": "SACHEM CAPITAL CORP. ",
        "box": [
          244.73,
          87.47708,
          369.76,
          95.85464727272733
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) ",
        "box": [
          130.22,
          99.47708,
          484.39,
          107.85464727272733
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(in thousands, except share and per share data) ",
        "box": [
          205.49,
          111.47708,
          409.12,
          119.85464727272733
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          306.05,
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          309.05,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          140.50400000000002,
          75.024,
          150.836
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Three Months Ended",
        "box": [
          349.63,
          140.85691999999995,
          422.4482799999999,
          147.61953454545448
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          422.35,
          137.98399999999992,
          425.35,
          148.31599999999992
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          445.75,
          140.50400000000002,
          448.75,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Six Months Ended",
        "box": [
          475.18,
          140.85691999999995,
          538.3904799999999,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          538.3,
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          541.3,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "June 30,",
        "box": [
          371.83,
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          400.33179999999993,
          160.3395345454545
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.27,
          150.70399999999995,
          403.27,
          161.03599999999994
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          445.75,
          153.22399999999993,
          448.75,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "June 30,",
        "box": [
          492.46,
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          520.9617999999999,
          160.3395345454545
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
          520.9,
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          523.9,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "2026",
        "box": [
          348.67,
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          364.68567999999993,
          173.17953454545454
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          364.63,
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          367.63,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          385.99,
          166.06399999999996,
          388.99,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "2025",
        "box": [
          407.35,
          166.41692,
          423.36567999999994,
          173.17953454545454
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          423.31,
          163.54399999999998,
          426.31,
          173.87599999999998
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          445.75,
          166.06399999999996,
          448.75,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "2026",
        "box": [
          468.34,
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          173.17953454545454
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          484.3,
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          487.3,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          506.62,
          166.06399999999996,
          509.62,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "2025",
        "box": [
          529.18,
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          173.17953454545454
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          545.14,
          163.54399999999998,
          548.14,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Interest income from loans ",
        "box": [
          72.024,
          178.06399999999996,
          182.54,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "$ ",
        "box": [
          331.87,
          179.47771999999998,
          339.40000000000003,
          188.05327999999997
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "7,252    $ ",
        "box": [
          357.43,
          179.47771999999998,
          398.08,
          188.05327999999997
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "7,482    $ ",
        "box": [
          416.11,
          179.47771999999998,
          458.92,
          188.05327999999997
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "16,006    $ ",
        "box": [
          472.06,
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          519.91,
          188.05327999999997
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "15,370  ",
        "box": [
          533.02,
          178.06399999999996,
          566.74,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Interest income from limited liability company investments ",
        "box": [
          72.024,
          193.06399999999996,
          312.77,
          203.39599999999996
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          331.87,
          194.47771999999998,
          334.36,
          203.05327999999997
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "750     ",
        "box": [
          364.99,
          194.47771999999998,
          393.04,
          203.05327999999997
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "859     ",
        "box": [
          423.67,
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          453.88,
          203.05327999999997
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "1,608     ",
        "box": [
          476.98,
          194.47771999999998,
          514.87,
          203.05327999999997
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "2,801  ",
        "box": [
          537.94,
          193.06399999999996,
          566.74,
          203.39599999999996
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Interest expense and amortization of deferred financing costs ",
        "box": [
          72.024,
          208.06399999999996,
          319.13,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          332.71,
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          335.2,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(6,328)    ",
        "box": [
          354.07,
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          393.88,
          218.05327999999997
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(6,139)  ",
        "box": [
          412.75,
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          448.27,
          219.11599999999999
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          452.23,
          209.47771999999998,
          454.72,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(12,387)  ",
        "box": [
          468.58,
          208.784,
          509.14,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          513.22,
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          515.71,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(12,233) ",
        "box": [
          529.54,
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          566.74,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Net interest income ",
        "box": [
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          153.38,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          331.87,
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          334.36,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "1,674     ",
        "box": [
          357.43,
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          393.04,
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        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "2,202     ",
        "box": [
          416.11,
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          453.88,
          233.08327999999995
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "5,227     ",
        "box": [
          476.98,
          224.50771999999995,
          514.87,
          233.08327999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "5,938  ",
        "box": [
          537.94,
          223.09399999999994,
          566.74,
          233.42599999999993
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Provision for credit losses related to loans held for investment ",
        "box": [
          72.024,
          238.09399999999994,
          323.09,
          248.42599999999993
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          332.71,
          239.50771999999995,
          335.2,
          248.08327999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(2,551)    ",
        "box": [
          354.07,
          239.50771999999995,
          393.88,
          248.08327999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(925)  ",
        "box": [
          420.19,
          238.81399999999996,
          448.27,
          249.14599999999996
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          452.23,
          239.50771999999995,
          454.72,
          248.08327999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(7,923)  ",
        "box": [
          473.62,
          238.81399999999996,
          509.14,
          249.14599999999996
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          513.22,
          239.50771999999995,
          515.71,
          248.08327999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(1,977) ",
        "box": [
          534.58,
          238.09399999999994,
          566.74,
          248.42599999999993
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Change in valuation allowance related to loans held for sale ",
        "box": [
          72.024,
          253.09399999999994,
          314.21,
          263.42599999999993
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          331.87,
          254.50771999999995,
          334.36,
          263.08327999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-",
        "box": [
          370.03,
          254.50771999999995,
          379.98999999999995,
          263.08327999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "       ",
        "box": [
          379.99,
          254.50771999999995,
          393.04,
          263.08327999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "1,043     ",
        "box": [
          416.11,
          254.50771999999995,
          453.88,
          263.08327999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-",
        "box": [
          489.58,
          254.50771999999995,
          499.53999999999996,
          263.08327999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "     ",
        "box": [
          499.54,
          253.81399999999996,
          509.14,
          264.14599999999996
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          512.38,
          254.50771999999995,
          514.87,
          263.08327999999995
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "1,047  ",
        "box": [
          537.94,
          253.09399999999994,
          566.74,
          263.42599999999993
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Net interest (loss) income after provision for credit losses ",
        "box": [
          72.024,
          273.46772,
          304.1916,
          282.04328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "related to loans held for investment and changes in valuation ",
        "box": [
          72.024,
          283.54771999999997,
          317.20932000000005,
          292.12327999999997
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "allowance related to loans held for sale ",
        "box": [
          72.024,
          292.09400000000005,
          231.05,
          302.42600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          332.71,
          293.50772,
          335.2,
          302.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(877)   ",
        "box": [
          361.51,
          293.50772,
          393.04,
          302.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "2,320   ",
        "box": [
          416.11,
          291.61400000000003,
          448.27,
          302.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          452.23,
          293.50772,
          454.72,
          302.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(2,696)    ",
        "box": [
          473.62,
          293.50772,
          514.87,
          302.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "5,008  ",
        "box": [
          537.94,
          292.09400000000005,
          566.74,
          302.42600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Other income ",
        "box": [
          72.024,
          307.09400000000005,
          129.74,
          317.42600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          332.11,
          307.814,
          335.11,
          318.146
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "   ",
        "box": [
          386.35,
          307.814,
          393.67,
          318.146
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          445.27,
          307.814,
          448.27,
          318.146
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          451.63,
          307.814,
          454.63,
          318.146
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          506.14,
          307.814,
          509.14,
          318.146
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          512.5,
          307.814,
          515.5,
          318.146
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  Fee income from loans ",
        "box": [
          72.024,
          322.09400000000005,
          171.98,
          332.42600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          331.87,
          323.50772,
          334.36,
          332.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "1,146     ",
        "box": [
          357.43,
          323.50772,
          393.04,
          332.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "1,771     ",
        "box": [
          416.11,
          323.50772,
          453.88,
          332.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "2,438     ",
        "box": [
          476.98,
          323.50772,
          514.87,
          332.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "3,196  ",
        "box": [
          537.94,
          322.09400000000005,
          566.74,
          332.42600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  Income from limited liability company investments ",
        "box": [
          72.024,
          337.09400000000005,
          285.77,
          347.42600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          331.87,
          338.50772,
          334.36,
          347.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "71     ",
        "box": [
          370.03,
          338.50772,
          393.04,
          347.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "119     ",
        "box": [
          423.67,
          338.50772,
          453.88,
          347.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "176     ",
        "box": [
          484.54,
          338.50772,
          514.87,
          347.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "229  ",
        "box": [
          545.5,
          337.09400000000005,
          566.74,
          347.42600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  Other investment income ",
        "box": [
          72.024,
          352.09400000000005,
          181.1,
          362.42600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          331.87,
          353.50772,
          334.36,
          362.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "4     ",
        "box": [
          374.95,
          353.50772,
          393.04,
          362.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "12     ",
        "box": [
          428.71,
          353.50772,
          453.88,
          362.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "7     ",
        "box": [
          494.5,
          353.50772,
          514.87,
          362.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "17  ",
        "box": [
          550.54,
          352.09400000000005,
          566.74,
          362.42600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  Gain (loss) on equity securities ",
        "box": [
          72.024,
          367.09400000000005,
          204.41,
          377.42600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          331.87,
          368.50772,
          334.36,
          377.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "7     ",
        "box": [
          374.95,
          368.50772,
          393.04,
          377.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "821     ",
        "box": [
          423.67,
          368.50772,
          454.72,
          377.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(133)    ",
        "box": [
          481.06,
          368.50772,
          514.87,
          377.08328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "696  ",
        "box": [
          545.5,
          367.09400000000005,
          566.74,
          377.42600000000004
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  Other income ",
        "box": [
          72.024,
          382.11400000000003,
          134.78,
          392.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          331.87,
          383.52772,
          334.36,
          392.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "134     ",
        "box": [
          364.99,
          383.52772,
          393.04,
          392.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "532     ",
        "box": [
          423.67,
          383.52772,
          453.88,
          392.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "277     ",
        "box": [
          484.54,
          383.52772,
          514.87,
          392.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "604  ",
        "box": [
          545.5,
          382.11400000000003,
          566.74,
          392.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Total other income ",
        "box": [
          72.024,
          397.11400000000003,
          150.38,
          407.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          331.87,
          398.52772,
          334.36,
          407.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "1,362     ",
        "box": [
          357.43,
          398.52772,
          393.04,
          407.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "3,255     ",
        "box": [
          416.11,
          398.52772,
          453.88,
          407.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "2,765     ",
        "box": [
          476.98,
          398.52772,
          514.87,
          407.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "4,742  ",
        "box": [
          537.94,
          397.11400000000003,
          566.74,
          407.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Operating expenses ",
        "box": [
          72.024,
          412.11400000000003,
          153.62,
          422.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          332.11,
          412.834,
          335.11,
          423.166
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "   ",
        "box": [
          386.35,
          412.834,
          393.67,
          423.166
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          445.27,
          412.834,
          448.27,
          423.166
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          451.63,
          412.834,
          454.63,
          423.166
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          506.14,
          412.834,
          509.14,
          423.166
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          512.5,
          412.834,
          515.5,
          423.166
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  Compensation and employee benefits ",
        "box": [
          72.024,
          427.11400000000003,
          230.33,
          437.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          332.71,
          428.52772,
          335.2,
          437.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(1,937)    ",
        "box": [
          354.07,
          428.52772,
          393.88,
          437.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(1,821)  ",
        "box": [
          412.75,
          427.834,
          448.27,
          438.166
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          452.23,
          428.52772,
          454.72,
          437.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(4,075)  ",
        "box": [
          473.62,
          427.834,
          509.14,
          438.166
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          513.22,
          428.52772,
          515.71,
          437.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(3,592) ",
        "box": [
          534.58,
          427.11400000000003,
          566.74,
          437.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  General and administrative expenses ",
        "box": [
          72.024,
          442.11400000000003,
          226.97,
          452.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          332.71,
          443.52772,
          335.2,
          452.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(1,450)    ",
        "box": [
          354.07,
          443.52772,
          393.88,
          452.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(1,304)  ",
        "box": [
          412.75,
          442.834,
          448.27,
          453.166
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          452.23,
          443.52772,
          454.72,
          452.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(3,413)  ",
        "box": [
          473.62,
          442.834,
          509.14,
          453.166
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          513.22,
          443.52772,
          515.71,
          452.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(2,659) ",
        "box": [
          534.58,
          442.11400000000003,
          566.74,
          452.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  Transaction expenses ",
        "box": [
          72.024,
          457.11400000000003,
          165.26,
          467.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          332.71,
          458.52772,
          335.2,
          467.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(2,567)    ",
        "box": [
          354.07,
          458.52772,
          393.04,
          467.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-",
        "box": [
          428.71,
          458.52772,
          438.66999999999996,
          467.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "     ",
        "box": [
          438.67,
          457.834,
          448.27,
          468.166
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          452.23,
          458.52772,
          454.72,
          467.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(4,175)    ",
        "box": [
          473.62,
          458.52772,
          514.87,
          467.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-",
        "box": [
          550.54,
          458.52772,
          560.5,
          467.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "   ",
        "box": [
          560.5,
          457.11400000000003,
          566.74,
          467.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  Impairment loss on real estate ",
        "box": [
          72.024,
          472.11400000000003,
          199.97,
          482.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          332.71,
          473.52772,
          335.2,
          482.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(288)    ",
        "box": [
          361.51,
          473.52772,
          393.04,
          482.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-",
        "box": [
          428.71,
          473.52772,
          438.66999999999996,
          482.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "     ",
        "box": [
          438.67,
          472.834,
          448.27,
          483.166
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          452.23,
          473.52772,
          454.72,
          482.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(191)    ",
        "box": [
          481.06,
          473.52772,
          514.87,
          482.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-",
        "box": [
          550.54,
          473.52772,
          560.5,
          482.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "   ",
        "box": [
          560.5,
          472.11400000000003,
          566.74,
          482.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  Gain on sale of investments in developmental real estate, real ",
        "box": [
          72.024,
          490.44772,
          324.68952,
          499.02328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "estate owned, and property and equipment, net ",
        "box": [
          72.024,
          499.11400000000003,
          261.65,
          509.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          331.87,
          500.52772,
          334.36,
          509.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "475    ",
        "box": [
          364.99,
          500.52772,
          393.04,
          509.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "131     ",
        "box": [
          423.67,
          500.52772,
          453.88,
          509.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "671     ",
        "box": [
          484.54,
          500.52772,
          514.87,
          509.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "131  ",
        "box": [
          545.5,
          499.11400000000003,
          566.74,
          509.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  Other expenses ",
        "box": [
          72.024,
          514.114,
          141.38,
          524.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          332.71,
          515.52772,
          335.2,
          524.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(95)    ",
        "box": [
          366.55,
          515.52772,
          393.88,
          524.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(694)  ",
        "box": [
          420.19,
          514.8340000000001,
          448.27,
          525.1659999999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          452.23,
          515.52772,
          454.72,
          524.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(340)  ",
        "box": [
          481.06,
          514.8340000000001,
          509.14,
          525.1659999999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          513.22,
          515.52772,
          515.71,
          524.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(839) ",
        "box": [
          542.02,
          514.114,
          566.74,
          524.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Total operating expenses ",
        "box": [
          72.024,
          529.114,
          174.26,
          539.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          332.71,
          530.52772,
          335.2,
          539.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(5,862)    ",
        "box": [
          354.07,
          530.52772,
          393.88,
          539.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(3,688)  ",
        "box": [
          412.75,
          529.8340000000001,
          448.27,
          540.1659999999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          452.59,
          530.52772,
          455.08,
          539.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(11,523)  ",
        "box": [
          468.94,
          529.8340000000001,
          509.14,
          540.1659999999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          513.22,
          530.52772,
          515.71,
          539.10328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(6,959) ",
        "box": [
          534.58,
          529.114,
          566.74,
          539.446
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Net (loss) income ",
        "box": [
          76.584,
          544.144,
          150.62,
          554.476
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          332.71,
          545.55772,
          335.2,
          554.13328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(5,377)    ",
        "box": [
          354.07,
          545.55772,
          393.04,
          554.13328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "1,887   ",
        "box": [
          416.11,
          544.864,
          448.27,
          555.196
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          452.59,
          545.55772,
          455.08,
          554.13328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(11,454)    ",
        "box": [
          468.94,
          545.55772,
          514.87,
          554.13328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "2,791  ",
        "box": [
          537.94,
          544.144,
          566.74,
          554.476
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Preferred stock dividends ",
        "box": [
          72.024,
          559.144,
          177.26,
          569.476
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          332.71,
          560.55772,
          335.2,
          569.13328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(1,120)    ",
        "box": [
          354.07,
          560.55772,
          394.24,
          569.13328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(1,118)  ",
        "box": [
          413.11,
          559.864,
          448.27,
          570.196
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          452.23,
          560.55772,
          454.72,
          569.13328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(2,240)  ",
        "box": [
          473.62,
          559.864,
          509.14,
          570.196
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          513.22,
          560.55772,
          515.71,
          569.13328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(2,235) ",
        "box": [
          534.58,
          559.144,
          566.74,
          569.476
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Net (loss) income attributable to common shareholders ",
        "box": [
          76.584,
          574.144,
          299.57,
          584.476
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "$ ",
        "box": [
          332.71,
          575.55772,
          340.24,
          584.13328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(6,497)   $ ",
        "box": [
          354.07,
          575.55772,
          398.08,
          584.13328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "769    $ ",
        "box": [
          423.67,
          575.55772,
          459.76,
          584.13328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(13,694)   $ ",
        "box": [
          468.58,
          575.55772,
          519.91,
          584.13328
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "556  ",
        "box": [
          545.5,
          574.144,
          566.74,
          584.476
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          590.2239999999999,
          75.024,
          600.556
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          332.11,
          590.2239999999999,
          335.11,
          600.556
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "   ",
        "box": [
          385.51,
          590.2239999999999,
          393.67,
          600.556
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          445.27,
          590.2239999999999,
          448.27,
          600.556
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          451.63,
          590.2239999999999,
          454.63,
          600.556
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          506.14,
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          509.14,
          600.556
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          512.5,
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          515.5,
          600.556
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Basic and diluted (loss) income per common share ",
        "box": [
          72.024,
          604.144,
          277.49,
          614.476
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "$ ",
        "box": [
          332.83,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(0.14)   $ ",
        "box": [
          359.11,
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          398.08,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "0.02   ",
        "box": [
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          615.196
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "$ ",
        "box": [
          452.35,
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      {
        "text": "(0.29)   $ ",
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "0.01  ",
        "box": [
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      },
      {
        "text": "Basic and diluted weighted average number of common shares ",
        "box": [
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          325.18728,
          631.05328
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      },
      {
        "text": "outstanding ",
        "box": [
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        "from_ocr": false,
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      },
      {
        "text": " 47,281,931    46,875,187     47,230,349     46,830,215  ",
        "box": [
          331.87,
          631.144,
          566.74,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
          651.184,
          75.024,
          661.516
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          72.024,
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        "from_ocr": false,
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    ]
  },
  {
    "page_no": 13,
    "width": 612.0,
    "height": 792.0,
    "cells": [
      {
        "text": " ",
        "box": [
          72.024,
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          75.024,
          24.935999999999922
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        "from_ocr": false,
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      {
        "text": "                                     ",
        "box": [
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      {
        "text": "Earnings Release - Second Quarter 2026",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
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      {
        "text": "13 ",
        "box": [
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        "from_ocr": false,
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      {
        "text": " ",
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      {
        "text": "SACHEM CAPITAL CORP.",
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      {
        "text": " ",
        "box": [
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        "from_ocr": false,
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      {
        "text": "CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)",
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          481.9455200000002,
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "(in thousands)",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          61.2,
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        "from_ocr": false,
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      {
        "text": "Six Months Ended",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
          61.2,
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          63.09,
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        "from_ocr": false,
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      {
        "text": "June 30,",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
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          491.11,
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
          61.2,
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          63.09,
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        "from_ocr": false,
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      {
        "text": "2026",
        "box": [
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          443.64195999999987,
          163.26075636363635
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
          443.59,
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          445.47999999999996,
          163.29008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          476.02,
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          477.90999999999997,
          163.29008
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        "confidence": 1.0
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      {
        "text": "2025",
        "box": [
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          163.26075636363635
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
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          163.29008
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "CASH FLOWS FROM OPERATING ACTIVITIES ",
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
          400.99,
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          402.88,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          476.38,
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          478.27,
          173.97008000000005
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          480.7,
          167.4609200000001,
          482.59,
          173.97008000000005
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Net (loss) income ",
        "box": [
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          120.95,
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "$ ",
        "box": [
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "(11,454)    $ ",
        "box": [
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          486.07,
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": "2,791  ",
        "box": [
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          554.71,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: ",
        "box": [
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          357.64,
          195.21008000000006
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        "from_ocr": false,
        "confidence": 1.0
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      {
        "text": " ",
        "box": [
          400.99,
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          402.88,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          476.38,
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          478.27,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          480.7,
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          482.59,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Amortization of deferred financing costs ",
        "box": [
          70.224,
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          194.14999999999998,
          205.77008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
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          402.76,
          205.77008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "1,035      ",
        "box": [
          454.03,
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          482.34999999999997,
          205.77008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "1,101  ",
        "box": [
          533.62,
          199.26092000000006,
          554.71,
          205.77008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Depreciation and amortization expense ",
        "box": [
          70.224,
          209.94092,
          189.35,
          216.45007999999996
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          209.94092,
          402.76,
          216.45007999999996
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "152      ",
        "box": [
          459.55,
          209.94092,
          482.34999999999997,
          216.45007999999996
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "234  ",
        "box": [
          539.14,
          209.94092,
          554.71,
          216.45007999999996
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Stock-based compensation ",
        "box": [
          70.224,
          220.62092000000007,
          152.26999999999998,
          227.13008000000002
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          220.62092000000007,
          402.76,
          227.13008000000002
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "427      ",
        "box": [
          459.55,
          220.62092000000007,
          482.34999999999997,
          227.13008000000002
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "428  ",
        "box": [
          539.14,
          220.62092000000007,
          554.71,
          227.13008000000002
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Provision for credit losses related to loans held for investment ",
        "box": [
          70.224,
          231.3309200000001,
          258.14,
          237.84008000000006
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          231.3309200000001,
          402.76,
          237.84008000000006
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "7,923      ",
        "box": [
          454.03,
          231.3309200000001,
          482.34999999999997,
          237.84008000000006
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "1,977  ",
        "box": [
          533.62,
          231.3309200000001,
          554.71,
          237.84008000000006
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Change in valuation allowance related to loans held for sale ",
        "box": [
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          251.42,
          248.40008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
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          402.76,
          248.40008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-",
        "box": [
          463.3,
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          470.86,
          248.40008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "    ",
        "box": [
          470.86,
          241.89092000000005,
          478.27,
          248.40008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.42,
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          483.31,
          248.40008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(1,047) ",
        "box": [
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          554.71,
          248.40008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Impairment loss on real estate owned ",
        "box": [
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          183.95,
          259.08007999999995
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          252.57092,
          402.76,
          259.08007999999995
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "191      ",
        "box": [
          459.55,
          252.57092,
          482.34999999999997,
          259.08007999999995
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-",
        "box": [
          542.86,
          252.57092,
          550.42,
          259.08007999999995
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  ",
        "box": [
          550.42,
          252.57092,
          554.71,
          259.08007999999995
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Gain on sale of real estate owned and property and equipment, net ",
        "box": [
          70.224,
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          270.86,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          401.83,
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          403.71999999999997,
          269.76008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(671)   ",
        "box": [
          457.03,
          263.25092000000006,
          478.27,
          269.76008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.42,
          263.25092000000006,
          483.31,
          269.76008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(131) ",
        "box": [
          536.62,
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          554.71,
          269.76008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Loss (gain) on equity securities ",
        "box": [
          70.224,
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          166.30999999999997,
          280.44007999999997
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          273.93092,
          402.76,
          280.44007999999997
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "133    ",
        "box": [
          459.55,
          273.93092,
          478.27,
          280.44007999999997
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.42,
          273.93092,
          483.31,
          280.44007999999997
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(696) ",
        "box": [
          536.62,
          273.93092,
          554.71,
          280.44007999999997
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Change in deferred loan fees ",
        "box": [
          70.224,
          284.49092,
          158.26999999999998,
          291.00008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          401.83,
          284.49092,
          403.71999999999997,
          291.00008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(477)     ",
        "box": [
          457.03,
          284.49092,
          482.34999999999997,
          291.00008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "681  ",
        "box": [
          539.14,
          284.49092,
          554.71,
          291.00008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Changes in operating assets and liabilities: ",
        "box": [
          70.224,
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          199.82,
          301.68008000000003
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.99,
          295.17092,
          402.88,
          301.68008000000003
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          476.38,
          295.17092,
          478.27,
          301.68008000000003
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          480.7,
          295.17092,
          482.59,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Interest and fees receivable, net ",
        "box": [
          80.664,
          305.85092,
          177.35,
          312.36008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          401.83,
          305.85092,
          403.71999999999997,
          312.36008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(332)   ",
        "box": [
          457.03,
          305.85092,
          478.27,
          312.36008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.42,
          305.85092,
          483.31,
          312.36008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(462) ",
        "box": [
          536.62,
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          554.71,
          312.36008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Other assets ",
        "box": [
          80.664,
          316.53092,
          119.03,
          323.04008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          316.53092,
          402.76,
          323.04008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "310    ",
        "box": [
          459.55,
          316.53092,
          478.27,
          323.04008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.42,
          316.53092,
          483.31,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(1,010) ",
        "box": [
          530.98,
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          554.71,
          323.04008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Due from borrowers, net ",
        "box": [
          80.664,
          327.09092,
          156.70999999999998,
          333.60008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          401.83,
          327.09092,
          403.71999999999997,
          333.60008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(448)   ",
        "box": [
          457.03,
          327.09092,
          478.27,
          333.60008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.42,
          327.09092,
          483.31,
          333.60008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(2,277) ",
        "box": [
          530.98,
          327.09092,
          554.71,
          333.60008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Accounts payable and accrued liabilities  ",
        "box": [
          80.664,
          337.77092,
          205.7,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          337.77092,
          402.76,
          344.28008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "1,355    ",
        "box": [
          454.03,
          337.77092,
          478.27,
          344.28008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.42,
          337.77092,
          483.31,
          344.28008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(996) ",
        "box": [
          536.62,
          337.77092,
          554.71,
          344.28008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Advances from borrowers ",
        "box": [
          80.664,
          348.45092,
          160.91,
          354.96008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          401.83,
          348.45092,
          403.71999999999997,
          354.96008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(897)     ",
        "box": [
          457.03,
          348.45092,
          482.34999999999997,
          354.96008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "99  ",
        "box": [
          542.86,
          348.45092,
          554.71,
          354.96008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES ",
        "box": [
          61.2,
          359.13092,
          275.41999999999996,
          365.64008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          401.83,
          359.13092,
          403.71999999999997,
          365.64008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(2,753)     ",
        "box": [
          451.39,
          359.13092,
          482.34999999999997,
          365.64008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "692  ",
        "box": [
          539.14,
          359.13092,
          554.71,
          365.64008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          61.2,
          370.29091999999997,
          63.09,
          376.80008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.99,
          370.29091999999997,
          402.88,
          376.80008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          476.38,
          370.29091999999997,
          478.27,
          376.80008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          480.7,
          370.29091999999997,
          482.59,
          376.80008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "CASH FLOWS FROM INVESTING ACTIVITIES ",
        "box": [
          61.2,
          381.47092,
          218.66,
          387.98008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.99,
          381.47092,
          402.88,
          387.98008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          476.38,
          381.47092,
          478.27,
          387.98008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          480.7,
          381.47092,
          482.59,
          387.98008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Proceeds from the sale of investment securities ",
        "box": [
          70.224,
          392.75092,
          213.38,
          399.26008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          392.75092,
          402.76,
          399.26008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-",
        "box": [
          463.3,
          392.75092,
          470.86,
          399.26008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "    ",
        "box": [
          470.86,
          392.75092,
          478.27,
          399.26008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          480.46,
          392.75092,
          482.34999999999997,
          399.26008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "1,174  ",
        "box": [
          533.62,
          392.75092,
          554.71,
          399.26008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Purchase of interests in limited liability companies ",
        "box": [
          70.224,
          404.03092,
          224.17999999999998,
          410.54008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          401.83,
          404.03092,
          403.71999999999997,
          410.54008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(721)   ",
        "box": [
          457.03,
          404.03092,
          478.27,
          410.54008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.42,
          404.03092,
          483.31,
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(5,731) ",
        "box": [
          530.98,
          404.03092,
          554.71,
          410.54008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Proceeds from investments in limited liability companies ",
        "box": [
          70.224,
          414.71092,
          243.38,
          421.22008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          414.71092,
          402.76,
          421.22008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "5,616      ",
        "box": [
          454.03,
          414.71092,
          482.34999999999997,
          421.22008
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        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "10,963  ",
        "box": [
          529.78,
          414.71092,
          554.71,
          421.22008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Proceeds from sale of real estate owned ",
        "box": [
          70.224,
          425.39092,
          191.26999999999998,
          431.90008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          425.39092,
          402.76,
          431.90008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "2,402      ",
        "box": [
          454.03,
          425.39092,
          482.34999999999997,
          431.90008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "1,559  ",
        "box": [
          533.62,
          425.39092,
          554.71,
          431.90008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Purchase of property and equipment ",
        "box": [
          70.224,
          436.07092,
          180.82999999999998,
          442.58008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          436.07092,
          402.76,
          442.58008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-",
        "box": [
          463.3,
          436.07092,
          470.86,
          442.58008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "    ",
        "box": [
          470.86,
          436.07092,
          478.27,
          442.58008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.42,
          436.07092,
          483.31,
          442.58008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(43) ",
        "box": [
          540.34,
          436.07092,
          554.71,
          442.58008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Investments in developmental real estate ",
        "box": [
          70.224,
          446.75092,
          194.14999999999998,
          453.26008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          401.83,
          446.75092,
          403.71999999999997,
          453.26008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(1,104)   ",
        "box": [
          451.39,
          446.75092,
          478.27,
          453.26008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.42,
          446.75092,
          483.31,
          453.26008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(1,022) ",
        "box": [
          530.98,
          446.75092,
          554.71,
          453.26008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Proceeds from sale of investments in developmental real estate ",
        "box": [
          70.224,
          457.31092,
          260.78,
          463.82008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          457.31092,
          402.76,
          463.82008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "1,215      ",
        "box": [
          454.03,
          457.31092,
          482.34999999999997,
          463.82008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-",
        "box": [
          542.86,
          457.31092,
          550.42,
          463.82008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "  ",
        "box": [
          550.42,
          457.31092,
          554.71,
          463.82008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Principal disbursements for loans ",
        "box": [
          70.224,
          467.99092,
          172.30999999999997,
          474.50008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          401.71,
          467.99092,
          403.59999999999997,
          474.50008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(79,308)   ",
        "box": [
          447.55,
          467.99092,
          478.27,
          474.50008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.3,
          467.99092,
          483.19,
          474.50008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(80,952) ",
        "box": [
          527.14,
          467.99092,
          554.71,
          474.50008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Principal collections on loans ",
        "box": [
          70.224,
          478.67092,
          160.67,
          485.18008000000003
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          478.67092,
          402.76,
          485.18008000000003
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "70,360      ",
        "box": [
          450.19,
          478.67092,
          482.34999999999997,
          485.18008000000003
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "71,394  ",
        "box": [
          529.78,
          478.67092,
          554.71,
          485.18008000000003
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "NET CASH USED IN  INVESTING ACTIVITIES ",
        "box": [
          61.2,
          489.35092,
          217.82,
          495.86008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          401.83,
          489.35092,
          403.71999999999997,
          495.86008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(1,540)   ",
        "box": [
          451.39,
          489.35092,
          478.27,
          495.86008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.42,
          489.35092,
          483.31,
          495.86008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(2,658) ",
        "box": [
          530.98,
          489.35092,
          554.71,
          495.86008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          61.2,
          500.03092,
          63.09,
          506.54008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.99,
          500.03092,
          402.88,
          506.54008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          476.38,
          500.03092,
          478.27,
          506.54008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          480.7,
          500.03092,
          482.59,
          506.54008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "CASH FLOWS FROM FINANCING ACTIVITIES ",
        "box": [
          61.2,
          510.59092,
          219.85999999999999,
          517.1000799999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.99,
          510.59092,
          402.88,
          517.1000799999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          476.38,
          510.59092,
          478.27,
          517.1000799999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          480.7,
          510.59092,
          482.59,
          517.1000799999999
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Proceeds from lines of credit ",
        "box": [
          70.224,
          521.2709199999999,
          158.75,
          527.78008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          521.2709199999999,
          402.76,
          527.78008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "38,500      ",
        "box": [
          450.19,
          521.2709199999999,
          482.34999999999997,
          527.78008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "36,100  ",
        "box": [
          529.78,
          521.2709199999999,
          554.71,
          527.78008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Repayments on lines of credit ",
        "box": [
          70.224,
          531.95092,
          161.63,
          538.4600800000001
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          401.71,
          531.95092,
          403.59999999999997,
          538.4600800000001
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(21,000)   ",
        "box": [
          447.55,
          531.95092,
          478.27,
          538.4600800000001
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.3,
          531.95092,
          483.19,
          538.4600800000001
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(49,862) ",
        "box": [
          527.14,
          531.95092,
          554.71,
          538.4600800000001
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Proceeds from repurchase agreements ",
        "box": [
          70.224,
          543.0209199999999,
          185.98999999999998,
          549.53008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          543.0209199999999,
          402.76,
          549.53008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-",
        "box": [
          463.3,
          543.0209199999999,
          470.86,
          549.53008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "    ",
        "box": [
          470.86,
          543.0209199999999,
          478.27,
          549.53008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          480.46,
          543.0209199999999,
          482.34999999999997,
          549.53008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "11,693  ",
        "box": [
          529.78,
          543.0209199999999,
          554.71,
          549.53008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Repayments of repurchase agreements ",
        "box": [
          70.224,
          553.82092,
          187.67,
          560.33008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          553.82092,
          402.76,
          560.33008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-",
        "box": [
          463.3,
          553.82092,
          470.86,
          560.33008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "    ",
        "box": [
          470.86,
          553.82092,
          478.27,
          560.33008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.3,
          553.82092,
          483.19,
          560.33008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(30,959) ",
        "box": [
          527.14,
          553.82092,
          554.71,
          560.33008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Repayment of mortgage payable ",
        "box": [
          70.224,
          564.50092,
          169.79,
          571.01008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          401.83,
          564.50092,
          403.71999999999997,
          571.01008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(44)   ",
        "box": [
          460.75,
          564.50092,
          478.27,
          571.01008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.42,
          564.50092,
          483.31,
          571.01008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(42) ",
        "box": [
          540.34,
          564.50092,
          554.71,
          571.01008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Dividends paid on common shares ",
        "box": [
          70.224,
          575.18092,
          175.91,
          581.69008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          401.83,
          575.18092,
          403.71999999999997,
          581.69008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(2,878)   ",
        "box": [
          451.39,
          575.18092,
          478.27,
          581.69008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.42,
          575.18092,
          483.31,
          581.69008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(4,728) ",
        "box": [
          530.98,
          575.18092,
          554.71,
          581.69008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Dividends paid on Series A Preferred Stock ",
        "box": [
          70.224,
          585.74092,
          203.29999999999998,
          592.25008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          401.83,
          585.74092,
          403.71999999999997,
          592.25008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(2,240)   ",
        "box": [
          451.39,
          585.74092,
          478.27,
          592.25008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.42,
          585.74092,
          483.31,
          592.25008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(2,235) ",
        "box": [
          530.98,
          585.74092,
          554.71,
          592.25008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Proceeds from issuance of Senior Secured Notes ",
        "box": [
          70.224,
          596.42092,
          217.94,
          602.93008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          596.42092,
          402.76,
          602.93008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "10,000      ",
        "box": [
          450.19,
          596.42092,
          482.34999999999997,
          602.93008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "50,000  ",
        "box": [
          529.78,
          596.42092,
          554.71,
          602.93008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "Payments of deferred financing costs ",
        "box": [
          70.224,
          607.10092,
          183.35,
          613.61008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          401.83,
          607.10092,
          403.71999999999997,
          613.61008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(150)   ",
        "box": [
          457.03,
          607.10092,
          478.27,
          613.61008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          481.42,
          607.10092,
          483.31,
          613.61008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "(3,593) ",
        "box": [
          530.98,
          607.10092,
          554.71,
          613.61008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "NET CASH PROVIDED BY FINANCING ACTIVITIES ",
        "box": [
          61.2,
          617.78092,
          237.98,
          624.29008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          617.78092,
          402.76,
          624.29008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "22,188      ",
        "box": [
          450.19,
          617.78092,
          482.34999999999997,
          624.29008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "6,374  ",
        "box": [
          533.62,
          617.78092,
          554.71,
          624.29008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "NET INCREASE IN CASH AND CASH EQUIVALENTS ",
        "box": [
          61.2,
          628.46092,
          241.94,
          634.97008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          628.46092,
          402.76,
          634.97008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "17,895      ",
        "box": [
          450.19,
          628.46092,
          482.34999999999997,
          634.97008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "4,408  ",
        "box": [
          533.62,
          628.46092,
          554.71,
          634.97008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "CASH AND CASH EQUIVALENTS ",
        "box": [
          61.2,
          638.42092,
          177.01163999999986,
          644.93008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "-",
        "box": [
          177.14,
          638.42092,
          180.92,
          644.93008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " BEGINNING OF PERIOD ",
        "box": [
          180.86,
          638.42092,
          266.65999999999997,
          644.93008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": " ",
        "box": [
          400.87,
          639.0209199999999,
          402.76,
          645.53008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "10,924      ",
        "box": [
          450.19,
          639.0209199999999,
          482.34999999999997,
          645.53008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "18,066  ",
        "box": [
          529.78,
          639.0209199999999,
          554.71,
          645.53008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
      {
        "text": "CASH AND CASH EQUIVALENTS ",
        "box": [
          61.2,
          649.58092,
          177.01163999999986,
          656.09008
        ],
        "from_ocr": false,
        "confidence": 1.0
      },
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