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v3.23.2

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.

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