Offsetting Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2014

Offsetting Assets and Liabilities [Abstract]

Schedule of Offsetting of Assets

Offsetting of Assets

						Net Amounts of
			Gross Amounts			Assets Presented		Gross Amounts Not Offset in the
	Gross Amounts		Offset in the			in the		Consolidated Balance Sheets
	of Recognized		Consolidated			Consolidated		Financial		Cash Collateral
	Assets		Balance Sheets			Balance Sheets		Instruments		Received(1)		Net Amount
June 30, 2014
Interest rate swaption	$	368,136	$	-		$	368,136	$	-	$	-	$	368,136
Total	$	368,136	$	-		$	368,136	$	-	$	-	$	368,136
December 31, 2013
Interest rate swap agreements	$	396,068	$	(111,614	)	$	284,454	$	-	$	-	$	284,454
Total	$	396,068	$	(111,614	)	$	284,454	$	-	$	-	$	284,454

____________________
 

(1) At June 30, 2014, the Company pledged $4,401,503 of cash collateral in relation to its interest rate swaption; with the total net counterparty exposure for this position totaling $4,769,639. At December 31, 2013, the Company pledged $767,708 of cash collateral in relation to its interest rate swap agreements; with the total net counterparty exposure for this position totaling $1,052,162.

Schedule of Offsetting of Liabilities

Offsetting of Liabilities

						Net Amounts of
			Gross Amounts			Liabilities Presented		Gross Amounts Not Offset in the
	Gross Amounts		Offset in the			in the		Consolidated Balance Sheets
	of Recognized		Consolidated			Consolidated		Financial			Cash Collateral
	Liabilities		Balance Sheets			Balance Sheets		Instruments			Received			Net Amount
June 30, 2014
Loan Repurchase Facility	$	293,609,481	$	-		$	293,609,481	$	(293,609,481	)	$	-		$	-
Securities repurchase agreements		156,343,944		-			156,343,944		(153,812,314	)		(2,531,630	)		-
Interest rate swap agreements		547,268		(104,683	)		442,585		-			(442,585	)		-
Total	$	450,500,693	$	(104,683	)	$	450,396,010	$	(447,421,795	)	$	(2,974,215	)	$	-
December 31, 2013
Loan Repurchase Facility	$	236,058,976	$	-		$	236,058,976	$	(236,058,976	)	$	-		$	-
Securities repurchase agreements		138,591,678		-			138,591,678		(137,231,150	)		(1,360,528	)		-
	$	374,650,654	$	-		$	374,650,654	$	(373,290,126	)	$	(1,360,528	)	$	-