Mortgage Backed Securities (Tables)

6 Months Ended

Jun. 30, 2020

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 June 30, 2020 and December 31, 2019.

		Weighted
	Weighted	Average								Gross		Gross
	Average	Interest		Principal		Amortized				Unrealized		Unrealized
(In Thousands)	Maturity (a)	Rate (a)		Balance		Cost		Fair Value		Gains		Losses
June 30, 2020
Mortgage backed securities, at fair value
Freddie Mac Loans	11/2037	3.8	%	$	74,806	$	54,818	$	53,505	$	1,430	$	(2,743)
Commercial Loans	10/2049	4.8			46,992		26,713		21,803		—		(4,910)
Tax Liens	09/2026	6.0			104		104		103		—		(1)
Total Mortgage backed securities, at fair value	06/2042	4.2	%	$	121,902	$	81,635	$	75,411	$	1,430	$	(7,654)
December 31, 2019
Mortgage backed securities, at fair value
Freddie Mac Loans	06/2037	4.3	%	$	83,149	$	61,207	$	66,108	$	4,915	$	(14)
Commercial Loans	02/2051	5.4			35,984		25,358		26,255		924		(27)
Tax Liens	09/2026	6.0			104		104		103		—		(1)
Total Mortgage backed securities, at fair value	07/2041	4.6	%	$	119,237	$	86,669	$	92,466	$	5,839	$	(42)

(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 June 30, 2020 and December 31, 2019.

	Weighted
	Average
	Interest		Principal		Amortized
(In Thousands)	Rate (a)		Balance		Cost		Fair Value
June 30, 2020
Mortgage backed securities, at fair value
After five years through ten years	6.0	%	$	104	$	104	$	103
After ten years	4.2			121,798		81,531		75,308
Total Mortgage backed securities, at fair value	4.2	%	$	121,902	$	81,635	$	75,411
December 31, 2019
Mortgage backed securities, at fair value
After five years through ten years	3.8	%	$	2,869	$	2,641	$	2,825
After ten years	4.7			116,368		84,028		89,641
Total	4.6	%	$	119,237	$	86,669	$	92,466

(a) Weighted based on current principal balance.