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Securities, at Fair Value - Residential Mortgage Securities (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]    
Fair Value [1] $ 723,959 $ 333,364
Agency MBS    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face 540,319 131,165
Purchase Premiums 1,824 860
Accretable Purchase Discounts (508) 0
Discount Designated as Credit Reserve 0 0
Gross Amortized Cost 541,635 132,025
Gross Unrealized Gains 0 0
Gross Unrealized Losses (16,623) (325)
Net Unrealized Gain/(Loss) (16,623) (325)
Fair Value 525,012 131,700
Other Securities    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face 213,672 215,649
Purchase Premiums 22,015 18,344
Accretable Purchase Discounts (5,787) (6,272)
Discount Designated as Credit Reserve (46,332) (46,332)
Gross Amortized Cost 183,568 181,389
Gross Unrealized Gains 16,474 21,473
Gross Unrealized Losses (1,095) (1,198)
Net Unrealized Gain/(Loss) 15,379 20,275
Fair Value 198,947 201,664
Total residential mortgage securities    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face 753,991 346,814
Purchase Premiums 23,839 19,204
Accretable Purchase Discounts (6,295) (6,272)
Discount Designated as Credit Reserve (46,332) (46,332)
Gross Amortized Cost 725,203 313,414
Gross Unrealized Gains 16,474 21,473
Gross Unrealized Losses (17,718) (1,523)
Net Unrealized Gain/(Loss) (1,244) 19,950
Fair Value 723,959 333,364
CRT, Fair Value Option    
Debt Securities, Available-for-sale [Line Items]    
Gross Unrealized Gains 1,900 131
Gross Unrealized Losses 0 (1,200)
Fair Value 51,000 48,600
Non-Agency MBS    
Debt Securities, Available-for-sale [Line Items]    
Gross Unrealized Gains 111 0
Gross Unrealized Losses (960) 0
Fair Value $ 23,000 $ 24,600
[1] See Note 6 for information regarding the Company’s pledged assets.