Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Income

11. Accumulated Other Comprehensive Income

The following table shows reclassifications in accumulated other comprehensive income:

	Unrealized			Unrealized			Unrealized			Unrealized
	gain/(loss) on			gain/(loss) on			gain/(loss) on			gain/(loss) on
	available for sale			unsettled			other			derivative
	agency securities			agency securities			investments			instruments
Beginning balance accumulated other comprehensive income at 1/1/13	$	499,343		$	1,217		$	(107	)	$	(237,599	)
Other comprehensive income before reclassification		(15,520	)		492			(107	)		569
Balance Sheet Reclassification:
Amount reclassified to mortgage-backed securities available for sale		—			(1,217	)		—			(5,452	)
Income Statement Reclassification:
Amounts reclassified to net gain on the sale of mortgage-backed securities		(2,500	)		—			—
Amounts reclassified to interest expense											29,929
Net current period other comprehensive income		(18,020	)		(725	)		(107	)		25,046
Ending balance accumulated other comprehensive income at 3/31/13	$	481,323		$	492		$	(214	)	$	(212,553	)

The Company records unrealized gains and losses on its agency securities and swap positions as is described in Notes 4 and 7, respectively.