Trading Securities

3 Months Ended

Mar. 31, 2020

Trading Securities.

Trading Securities

Note 3:   Trading Securities

Trading securities are recorded at fair value with changes in fair value recorded in earnings. These include multi-family rental real estate loan originations, primarily in Government National Mortgage Association (“GNMA”) mortgage backed securities, as well as FHA and conventional Fannie Mae and Freddie Mac participation certificates pending settlements that typically occur within 30 days. The unrealized gains included in trading securities totaled $2.2 million and $545,000 at March 31, 2020 and 2019, respectively.