Borrowings (Tables)

9 Months Ended

Sep. 30, 2015

Banking And Thrift [Abstract]

Contractual Maturity Information Regarding Repurchase Agreements

The Company uses repurchase agreements and FHLB advances to finance MBS purchases.  Repurchase agreements and FHLB advances are collateralized by the Company’s MBS and typically bear interest at rates that are closely related to LIBOR.  At September 30, 2015 and December 31, 2014, the Company had repurchase indebtedness outstanding with 26 and 25 counterparties with a weighted average remaining contractual maturity of 0.9 and 1.0 months, respectively.  

The following table presents contractual maturity information regarding the Company’s repurchase agreements:

	September 30, 2015					December 31, 2014
			Weighted Average					Weighted Average
	Balance		Contractual Rate			Balance		Contractual Rate
Within 30 days	$	12,990,809		0.44	%	$	13,770,099		0.35	%
30 days to 3 months		250,000		0.52	%		1,489,732		0.36	%
3 months to 36 months		1,000,000		0.59	%		500,000		0.53	%
	$	14,240,809		0.46	%	$	15,759,831		0.36	%