Repurchase Agreements (Tables)

6 Months Ended

Jun. 30, 2014

Contractual Maturity Information Regarding Repurchase Agreements

At June 30, 2014 and December 31, 2013, the Company had repurchase agreements in place in the amount of $15,019,880 and $16,129,683, respectively, to finance MBS purchases.  As of June 30, 2014 and December 31, 2013, the weighted average interest rate on these borrowings was 0.32% and 0.37%, respectively.   The Company’s repurchase agreements are collateralized by the Company’s agency securities and typically bear interest at rates that are closely related to LIBOR.  At June 30, 2014 and December 31, 2013, the Company had repurchase indebtedness outstanding with 26 and 25 counterparties, with a weighted average remaining contractual maturity of 1.1 and 0.8 months, respectively.  The following table presents contractual maturity information regarding the Company’s repurchase agreements:

	June 30, 2014					December 31, 2013
			Weighted Average					Weighted Average
	Balance		Contractual Rate			Balance		Contractual Rate
Within 30 days	$	11,966,137		0.31	%	$	13,170,898		0.37	%
30 days to 3 months		2,553,743		0.31	%		2,958,785		0.40	%
3 months to 36 months		500,000		0.51	%		-		-
	$	15,019,880		0.32	%	$	16,129,683		0.37	%