v3.25.1
FANNIE MAE COMMITMENTS AND PLEDGED SECURITIES (Tables)
3 Months Ended
Mar. 31, 2025
FANNIE MAE COMMITMENTS AND PLEDGED SECURITIES  
Schedule of Pledged Securities at Fair Value

March 31, 

December 31,

Pledged Securities (in thousands)

2025

    

2024

    

2024

    

2023

 

Restricted cash

$

1,155

$

2,602

$

3,015

$

2,727

Money market funds

15,040

40,392

20,457

38,556

Total pledged cash and cash equivalents

$

16,195

$

42,994

$

23,472

$

41,283

Agency MBS

 

198,179

147,685

 

183,432

 

142,798

Total pledged securities, at fair value

$

214,374

$

190,679

$

206,904

$

184,081

Schedule of Investment Information Related to AFS Agency MBS

Fair Value and Amortized Cost of Agency MBS (in thousands)

March 31, 2025

    

December 31, 2024

    

Fair value

$

198,179

$

183,432

Amortized cost

196,794

182,912

Total gains for securities with net gains in AOCI

2,457

1,650

Total losses for securities with net losses in AOCI

 

(1,072)

 

(1,130)

Fair value of securities with unrealized losses

 

132,626

 

136,976

Schedule of Contractual Maturity Information Related to Agency MBS

March 31, 2025

Detail of Agency MBS Maturities (in thousands)

Fair Value

    

Amortized Cost

    

Within one year

$

$

After one year through five years

87,539

87,564

After five years through ten years

94,234

93,287

After ten years

 

16,406

15,943

Total

$

198,179

$

196,794