XML 68 R57.htm IDEA: XBRL DOCUMENT v3.25.3
Securities, at Fair Value - Residential Mortgage Securities (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Debt Securities, Available-for-sale [Line Items]    
Fair Value [1] $ 2,259,657 $ 1,537,513
Agency MBS    
Debt Securities, Available-for-sale [Line Items]    
Principal/Current Face 2,152,097 1,403,891
Purchase Premiums 6,556 5,534
Accretable Purchase Discounts (11,539) (3,525)
Discount Designated as Credit Reserve 0 0
Gross Amortized Cost 2,147,114 1,405,900
Gross Unrealized Gains 29,882 2,318
Gross Unrealized Losses (964) (15,583)
Net Unrealized Gain/(Loss) 28,918 (13,265)
Fair Value 2,176,032 1,392,635
Other securities    
Debt Securities, Available-for-sale [Line Items]    
Principal/Current Face 85,185 146,808
Purchase Premiums 3,420 14,747
Accretable Purchase Discounts (5,138) (5,662)
Discount Designated as Credit Reserve (7,191) (23,691)
Gross Amortized Cost 76,276 132,202
Gross Unrealized Gains 7,496 13,166
Gross Unrealized Losses (147) (490)
Net Unrealized Gain/(Loss) 7,349 12,676
Fair Value 83,625 144,878
Total residential mortgage securities    
Debt Securities, Available-for-sale [Line Items]    
Principal/Current Face 2,237,282 1,550,699
Purchase Premiums 9,976 20,281
Accretable Purchase Discounts (16,677) (9,187)
Discount Designated as Credit Reserve (7,191) (23,691)
Gross Amortized Cost 2,223,390 1,538,102
Gross Unrealized Gains 37,378 15,484
Gross Unrealized Losses (1,111) (16,073)
Net Unrealized Gain/(Loss) 36,267 (589)
Fair Value 2,259,657 1,537,513
CRT securities    
Debt Securities, Available-for-sale [Line Items]    
Gross Unrealized Gains 2,500 3,200
Gross Unrealized Losses 0 0
Fair Value 47,800 51,500
Non-agency MBS    
Debt Securities, Available-for-sale [Line Items]    
Gross Unrealized Gains 700 500
Gross Unrealized Losses (100) (500)
Fair Value $ 22,400 $ 22,600
[1] See Note 6 for information regarding the Company’s pledged assets.