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MORTGAGE-BACKED SECURITIES
12 Months Ended
Dec. 31, 2019
Mortgage Backed Securities [Abstract]  
Mortgage-Backed Securities

NOTE 3. MORTGAGE-BACKED SECURITIES

The following table presents the Company’s MBS portfolio as of December 31, 2019 and 2018:

(in thousands)
20192018
Fixed-rate Mortgages $216,231$209,675
Interest-Only Securities1,0242,021
Inverse Interest-Only Securities586728
Total$217,841$212,424