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Securities, at Fair Value - Residential Mortgage Securities (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]    
Fair Value [1] $ 594,294 $ 333,364
Agency MBS    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face 398,469 131,165
Purchase Premiums 1,723 860
Accretable Purchase Discounts (67) 0
Discount Designated as Credit Reserve 0 0
Gross Amortized Cost 400,125 132,025
Gross Unrealized Gains 64 0
Gross Unrealized Losses (3,898) (325)
Net Unrealized Gain/(Loss) (3,834) (325)
Fair Value 396,291 131,700
Other Securities    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face 214,358 215,649
Purchase Premiums 20,815 18,344
Accretable Purchase Discounts (5,934) (6,272)
Discount Designated as Credit Reserve (46,330) (46,332)
Gross Amortized Cost 182,909 181,389
Gross Unrealized Gains 15,864 21,473
Gross Unrealized Losses (770) (1,198)
Net Unrealized Gain/(Loss) 15,094 20,275
Fair Value 198,003 201,664
Total residential mortgage securities    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face 612,827 346,814
Purchase Premiums 22,538 19,204
Accretable Purchase Discounts (6,001) (6,272)
Discount Designated as Credit Reserve (46,330) (46,332)
Gross Amortized Cost 583,034 313,414
Gross Unrealized Gains 15,928 21,473
Gross Unrealized Losses (4,668) (1,523)
Net Unrealized Gain/(Loss) 11,260 19,950
Fair Value 594,294 333,364
CRT, Fair Value Option    
Debt Securities, Available-for-sale [Line Items]    
Gross Unrealized Gains 1,500 131
Gross Unrealized Losses 0 (1,200)
Fair Value 50,900 48,600
Non-Agency MBS    
Debt Securities, Available-for-sale [Line Items]    
Gross Unrealized Gains 275 0
Gross Unrealized Losses (82) 0
Fair Value $ 24,300 $ 24,600
[1] See Note 6 for information regarding the Company’s pledged assets.