AVAILABLE-FOR-SALE SECURITIES (Tables)

12 Months Ended

Dec. 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 (loss) from the sale of AFS securities for the year ended December 2018:

	December 31, 2018
AFS securities sold, at amortized cost	$	1,260,655,162
Proceeds from AFS securities sold	1,227,314,578
Net realized gain (loss) on sale of AFS securities	$	(33,340,584)

Fair Value of AFS Investment Securities, by Rate Type

The following table presents components of interest income on the Company's AFS securities for the year ended December 31, 2018:

	Year Ended December 31, 2018
	Coupon Interest		Net (premium amortization)/discount accretion		Interest income
Agency	$	12,152,397	$	(1,435,534)	$	10,716,863
Multi-Family	—		32,103		32,103
Total	$	12,152,397	$	(1,403,431)	$	10,748,966