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Securities, at Fair Value - Residential Mortgage Securities (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]    
Fair Value [1] $ 736,950 $ 746,090
Agency MBS    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face 546,647 554,300
Purchase Premiums 1,801 1,824
Accretable Purchase Discounts (493) (500)
Discount Designated as Credit Reserve 0 0
Gross Amortized Cost 547,955 555,624
Gross Unrealized Gains 2,738 4,355
Gross Unrealized Losses (3,774) (835)
Net Unrealized Gain/(Loss) (1,036) 3,520
Fair Value 546,919 559,144
Other Securities    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face 192,671 193,102
Purchase Premiums 20,865 19,686
Accretable Purchase Discounts (5,571) (5,637)
Discount Designated as Credit Reserve (40,514) (40,514)
Gross Amortized Cost 167,451 166,637
Gross Unrealized Gains 22,865 20,437
Gross Unrealized Losses (285) (128)
Net Unrealized Gain/(Loss) 22,580 20,309
Fair Value 190,031 186,946
Total residential mortgage securities    
Debt Securities, Available-for-sale [Line Items]    
Principal/ Current Face 739,318 747,402
Purchase Premiums 22,666 21,510
Accretable Purchase Discounts (6,064) (6,137)
Discount Designated as Credit Reserve (40,514) (40,514)
Gross Amortized Cost 715,406 722,261
Gross Unrealized Gains 25,603 24,792
Gross Unrealized Losses (4,059) (963)
Net Unrealized Gain/(Loss) 21,544 23,829
Fair Value 736,950 746,090
CRT, Fair Value Option    
Debt Securities, Available-for-sale [Line Items]    
Gross Unrealized Gains 2,800 2,300
Gross Unrealized Losses 0 0
Fair Value 51,700 51,200
Non-Agency MBS    
Debt Securities, Available-for-sale [Line Items]    
Gross Unrealized Gains 500 500
Gross Unrealized Losses (300) (100)
Fair Value $ 23,600 $ 23,800
[1] See Note 6 for information regarding the Company’s pledged assets.