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Mortgage-Backed Securities
 12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Mortgage-Backed Securities
Note 4. Mortgage-Backed Securities
The Company classified its CMBS as available-for-sale as of December 31, 2018. The investment is reported at fair value on the consolidated balance sheets with changes in fair value recorded in other comprehensive income.
The table below summarizes various attributes of or investment in available-for-sale
CMBS
as of December 31, 2018. The Company did not hold any available-for-sale
CMBS
as of December 31, 2017.
 
 
 
 
 
 
 
 
 
Gross Unrealized
 
 
 
 
 
Weighted Average
 
 
 
Outstanding
Face
Amount
 
 
Amortized
Cost Basis
 
 
Gains
 
 
Losses
 
 
Fair
Value
 
 
Coupon
(1)
 
 
Remaining
Duration
(years)
 
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CMBS
 
$
2,000
 
 
$
1,997
 
 
 
—
 
 
$
(10
)
 
$
1,987
 
 
 
3.60
%
 
 
1.8
 
 
 
(1)
Calculated using the December 31, 2018 one-month LIBOR rate of 2.50%