AVAILABLE-FOR-SALE SECURITIES (Tables)

3 Months Ended

Mar. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Summary of Net Realized Gain (Loss) From the Sale of 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	)

Components of Interest Income on AFS Securities

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