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FAIR VALUE (Tables)
9 Months Ended
Sep. 30, 2019
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, 2019 and December 31, 2018:

(in thousands)
Quoted Prices
in ActiveSignificant
Markets forOtherSignificant
Identical ObservableUnobservable
Fair ValueAssetsInputsInputs
Measurements(Level 1)(Level 2)(Level 3)
September 30, 2019
Mortgage-backed securities$163,227$-$163,227$-
Orchid Island Capital, Inc. common stock8,7408,740--
TBA securities(53)-(53)-
December 31, 2018
Mortgage-backed securities$212,424$-$212,424$-
Orchid Island Capital, Inc. common stock9,7139,713--
TBA securities(938)-(938)-
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, 2019 and 2018:

(in thousands)
Retained Interests in Securitizations
Nine Months Ended September 30,
20192018
Balances, January 1$-$653
Gain included in earnings3151,105
Collections(315)(1,758)
Balances, September 30$-$-