XML 22 R11.htm IDEA: XBRL DOCUMENT v3.19.1
AVAILABLE-FOR-SALE SECURITIES
 3 Months Ended
Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]  
AVAILABLE-FOR-SALE SECURITIES
As of March 31, 2019 and December 31, 2018, the Company no longer held AFS securities.

The following table presents a summary of the Company’s net realized gain (loss) from the sale of AFS securities for the three months ended March 31, 2018:
 
 
Three Months Ended
March 31, 2018
AFS securities sold, at cost
 
$
147,058,544

Proceeds from AFS securities sold
 
$
144,210,537

Net realized gain (loss) on sale of AFS securities
 
$
(2,848,007
)


Gains and losses from the sale of AFS securities are recorded within "realized gain (loss) on sale of investments, net" in the Company's condensed consolidated statements of operations.

The following table presents components of interest income on the Company’s AFS securities for the three months ended March 31, 2018:
 
 
Three Months Ended March 31, 2018
 
 
Coupon
interest
 
Net (premium
amortization)/
discount accretion
 
Interest
income
Agency
 
$
8,323,342

 
$
(1,275,855
)
 
$
7,047,487

Multi-Family
 
—

 
32,103

 
32,103

Total
 
$
8,323,342

 
$
(1,243,752
)
 
$
7,079,590