Note 8 – Mortgage Backed Securities

The following table presents certain information about the Company’s MBS portfolio, which are classified as trading securities and carried at fair value, as of June 30, 2017.


		Weighted
	Weighted	Average								Gross		Gross
	Average	Interest		Principal		Amortized				Unrealized		Unrealized
(In Thousands)	Maturity (a)	Rate (a)		Balance		Cost		Fair Value		Gains		Losses
MBS
Commercial Loans	03/2035	5.0	%	$	60,322	$	42,913	$	43,741	$	2,212	$	(1,384)
Tax Liens	09/2026	6.0			138		137		136		—		(1)
Total		5.0	%	$	60,460	$	43,050	$	43,877	$	2,212	$	(1,385)

(a)

Weighted based on current principal balance

The following table presents certain information about the Company’s MBS portfolio, which are classified as trading securities and carried at fair value, as of December 31, 2016.


		Weighted
	Weighted	Average								Gross		Gross
	Average	Interest		Principal		Amortized				Unrealized		Unrealized
(In Thousands)	Maturity (a)	Rate (a)		Balance		Cost		Fair Value		Gains		Losses
MBS
Commercial Loans	02/2034	5.6	%	$	41,246	$	30,148	$	29,883	$	1,605	$	(1,870)
Tax Liens	03/2031	6.5			2,534		2,533		2,508		—		(25)
Total		5.7	%	$	43,780	$	32,681	$	32,391	$	1,605	$	(1,895)

(a)

Weighted based on current principal balance

The following table presents certain information about the maturity of the Company’s MBS portfolio as of June 30, 2017.


	Weighted
	Average
	Interest		Principal		Amortized		Estimated
(In Thousands)	Rate (a)		Balance		Cost		Fair Value
After five years through ten years	9.5	%	$	12,160	$	11,212	$	11,670
After ten years	3.8			48,300		31,838		32,207
Total	5.0	%	$	60,460	$	43,050	$	43,877

The following table presents certain information about the maturity of the Company’s MBS portfolio as of December 31, 2016.


	Weighted
	Average
	Interest		Principal		Amortized		Estimated
(In Thousands)	Rate (a)		Balance		Cost		Fair Value
After five years through ten years	8.9	%	$	13,616	$	12,579	$	12,709
After ten years	4.2			30,164		20,102		19,682
Total	5.7	%	$	43,780	$	32,681	$	32,391