XML 22 R11.htm IDEA: XBRL DOCUMENT

Available-for-Sale Securities

9 Months Ended

Sep. 30, 2020

Investments, Debt and Equity Securities [Abstract]

The following table presents the components of the carrying value of AFS securities as of September 30, 2020 and December 31, 2019:


(in thousands)	September 30, 2020		December 31, 2019
Face value	$	—	$	12,798
Unamortized premium (discount)	—		—




Allowance for credit losses	—		—
Gross unrealized gains	—		32
Gross unrealized losses	—		—
Carrying value	$	—	$	12,830

At December 31, 2019, the Company’s AFS securities were in an unrealized gain position and the Company pledged AFS securities with a carrying value of $12.8 million as collateral for repurchase agreements. See Note 9 - Collateralized Borrowings. During three months ended September 30, 2020, the Company’s AFS securities paid off in full.