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AVAILABLE-FOR-SALE SECURITIES - Amortized Cost and Fair Value of AFS Investments by Collateral Type (Details) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]      
Face Value $ 1,240,398,562 $ 884,520,701  
Unamortized premium 26,191,776 17,748,138  
Unamortized discount      
Designated credit reserve and OTTI 0 (1,929,833) $ (8,891,565)
Net, unamortized (8,820,927) (27,841,262) $ (57,280,275)
Amortized Cost 1,257,769,411 872,497,744  
Gross unrealized gain 2,833,444 3,408,141  
Gross unrealized (loss) (8,226,905) (10,240,388)  
Fair Value 1,252,375,950 865,665,497  
Agency      
Schedule of Available-for-sale Securities [Line Items]      
Face Value 1,201,732,176 779,219,115  
Unamortized premium 26,191,776 17,748,138  
Unamortized discount      
Designated credit reserve and OTTI   0  
Net, unamortized (718,551) (1,311,292)  
Amortized Cost 1,227,205,401 795,655,961  
Gross unrealized gain 2,756,978 2,663,975  
Gross unrealized (loss) (8,093,665) (8,129,703)  
Fair Value 1,221,868,714 790,190,233  
Non-Agency      
Schedule of Available-for-sale Securities [Line Items]      
Face Value 0 4,393,771  
Unamortized premium 0 0  
Unamortized discount      
Designated credit reserve and OTTI   (1,929,833)  
Net, unamortized 0 (369,887)  
Amortized Cost 0 2,094,051  
Gross unrealized gain 0 234,647  
Gross unrealized (loss) 0  
Fair Value 0 2,328,698  
Multi-Family      
Schedule of Available-for-sale Securities [Line Items]      
Face Value 38,666,386 100,907,815  
Unamortized premium 0 0  
Unamortized discount      
Designated credit reserve and OTTI   0  
Net, unamortized (8,102,376) (26,160,083)  
Amortized Cost 30,564,010 74,747,732  
Gross unrealized gain 76,466 509,519  
Gross unrealized (loss) (133,240) (2,110,685)  
Fair Value $ 30,507,236 $ 73,146,566