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FAIR VALUE (Tables)
9 Months Ended
Sep. 30, 2018
Fair Value Disclosures [Abstract]  
Schedule of financial assets (liabilities) measured at fair value on a recurring basis

The following table presents financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2018 and December 31, 2017:

(in thousands)
Quoted Prices
in ActiveSignificant
Markets forOtherSignificant
Identical ObservableUnobservable
Fair ValueAssetsInputsInputs
Measurements(Level 1)(Level 2)(Level 3)
September 30, 2018
Mortgage-backed securities$212,209$-$212,209$-
Orchid Island Capital, Inc. common stock11,02011,020--
TBA securities242-242-
December 31, 2017
Mortgage-backed securities$209,692$-$209,692$-
Orchid Island Capital, Inc. common stock14,10614,106--
Retained interests in securitizations653--653
Changes is Level 3 Assets Measured at Fair Value on a Recurring Basis

The following table illustrates a roll forward for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30, 2018 and 2017:

(in thousands)
Retained Interests in Securitizations
Nine Months Ended September 30,
20182017
Balances, January 1$653$1,114
Gain included in earnings1,105390
Collections(1,758)(946)
Balances, September 30$-$558