Mortgage Backed Securities (Tables)

9 Months Ended

Sep. 30, 2019

Mortgage Backed Securities

Schedule of information about the Company's MBS portfolio

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 September 30, 2019 and December 31, 2018.

		Weighted
	Weighted	Average								Gross		Gross
	Average	Interest		Principal		Amortized				Unrealized		Unrealized
(In Thousands)	Maturity (a)	Rate (a)		Balance		Cost		Fair Value		Gains		Losses
September 30, 2019
Mortgage backed securities, at fair value
Freddie Mac Loans	06/2037	4.1	%	$	87,646	$	64,362	$	69,481	$	5,119	$	—
Commercial Loans	01/2051	5.3			36,113		25,475		26,596		1,195		(73)
Tax Liens	09/2026	6.0			104		104		104		—		(1)
Total Mortgage backed securities, at fair value	05/2041	4.5	%	$	123,863	$	89,941	$	96,181	$	6,314	$	(74)
December 31, 2018
Mortgage backed securities, at fair value
Freddie Mac Loans	05/2037	4.5	%	$	97,066	$	70,819	$	75,591	$	4,826	$	(54)
Commercial Loans	11/2049	5.5			20,666		16,228		16,231		30		(27)
Tax Liens	09/2026	6.0			116		116		115		—		(1)
Total Mortgage backed securities, at fair value	07/2039	4.7	%	$	117,848	$	87,163	$	91,937	$	4,856	$	(82)

(a) Weighted based on current principal balance

Schedule of information about the maturity of the Company's MBS portfolio

The following table presents certain information about the maturity of the Company’s MBS portfolio as of September 30, 2019 and December 31, 2018.

	Weighted
	Average
	Interest		Principal		Amortized
(In Thousands)	Rate (a)		Balance		Cost		Fair Value
September 30, 2019
Mortgage backed securities, at fair value
After five years through ten years	10.7	%	$	2,869	$	2,634	$	2,847
After ten years	4.3			120,994		87,307		93,334
Total Mortgage backed securities, at fair value	4.5	%	$	123,863	$	89,941	$	96,181
December 31, 2018
Mortgage backed securities, at fair value
After five years through ten years	10.6	%	$	3,406	$	3,103	$	3,520
After ten years	4.5			114,442		84,060		88,417
Total	4.7	%	$	117,848	$	87,163	$	91,937

Weighted based on current principal balance.