FANNIE MAE COMMITMENTS AND PLEDGED SECURITIES (Tables)

12 Months Ended

Dec. 31, 2025

FANNIE MAE COMMITMENTS AND PLEDGED SECURITIES

Schedule of Pledged Securities at Fair Value

	December 31,
Pledged Securities (in thousands)	2025		2024		2023		2022
Restricted cash	$	17,419	$	3,015	$	2,727	$	5,788
Money market funds		4,869		20,457		38,556		8,870
Total pledged cash and cash equivalents	$	22,288	$	23,472	$	41,283	$	14,658
Agency MBS		202,666		183,432		142,798		142,624
Total pledged securities, at fair value	$	224,954	$	206,904	$	184,081	$	157,282

Schedule of Investment Information Related to AFS Agency MBS

Fair Value and Amortized Cost of Agency MBS (in thousands)	December 31, 2025		December 31, 2024
Fair value	$	202,666	$	183,432
Amortized cost		200,469		182,912
Total gains for securities with net gains in AOCI		3,247		1,650
Total losses for securities with net losses in AOCI		(1,050)		(1,130)
Fair value of securities with unrealized losses		124,684		136,976

Schedule of Contractual Maturity Information Related to Agency MBS

	December 31, 2025
Detail of Agency MBS Maturities (in thousands)	Fair Value		Amortized Cost
Within one year	$	—	$	—
After one year through five years		95,083		94,499
After five years through ten years		94,702		93,734
After ten years		12,881		12,236
Total	$	202,666	$	200,469