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Securities, at Fair Value - Narrative (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Debt Securities, Available-for-sale [Line Items]            
Securities, at fair value [1] $ 4,147,194,000     $ 4,147,194,000   $ 3,360,280,000
Proceeds from sales of securities       1,561,000 $ 2,617,000  
CRT Securities            
Debt Securities, Available-for-sale [Line Items]            
CRT securities 34,500,000     34,500,000   34,900,000
Securities, at fair value 21,400,000     21,400,000   21,700,000
Proceeds from sales of securities     $ 2,600,000      
Realized gain on securities sold     $ 200,000      
Gross unrealized losses 0     0   0
Non-agency MBS            
Debt Securities, Available-for-sale [Line Items]            
Securities, at fair value 21,500,000     21,500,000   22,100,000
Gross unrealized losses 400,000     400,000   200,000
Residential Mortgage Securities            
Debt Securities, Available-for-sale [Line Items]            
Securities, at fair value 4,147,194,000     4,147,194,000   3,360,280,000
Proceeds from sales of securities 0 $ 0   0    
Gross unrealized losses 19,221,000     19,221,000   $ 256,000
AFS securities            
Debt Securities, Available-for-sale [Line Items]            
Gross unrealized losses 0     0    
Allowance for loan loss $ 0 $ 0   $ 0 $ 0  
[1] See Note 6 for information regarding the Company’s pledged assets.