Offsetting Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2014

Offsetting Assets and Liabilities [Abstract]

Schedule of Offsetting of Assets

	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheets			Net Amounts of Assets Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets
								Financial Instruments		Cash Collateral Received(1)		Net Amount
December 31, 2014
Interest rate swaption	$	—	$	—		$	—	$	—	$	—	$	—
Total	$	—	$	—		$	—	$	—	$	—	$	—
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 December31, 2014, the Company pledged $4,886,011 of cash collateral in relation to its interest rate swaption; with the total net counterparty exposure for this position totaling $4,886,011. At December31, 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

	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets		Net Amounts of Liabilities Presented in the Consolidated Balance Sheets		Gross Amounts Not Offset in the Consolidated Balance Sheets						Net Amount
							Financial Instruments			Cash Collateral Pledged
December 31, 2014
Loan Repurchase Facilities	$	300,092,293	$	—	$	300,092,293	$	(300,092,293	)	$	—		$	—
Securities repurchase agreements		103,014,105		—		103,014,105		(102,329,849	)		(684,256	)		—
Warehouse lines of credit		89,417,564		—		89,417,564		(89,417,564	)		—			—
Interest rate swap agreements		860,553		—		860,553		(860,553	)		—			—
Total	$	493,384,515	$	—	$	493,384,515	$	(492,700,259	)	$	(684,256	)	$	—
December 31, 2013
Loan Repurchase Facilities	$	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)		$	—