v3.26.1
Note 3 - Mortgage-backed Securities and U.S. Treasury Notes
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Investment in Debt and Equity Securities and Other Trading Assets [Text Block]

NOTE 3. MORTGAGE-BACKED SECURITIES AND U.S. TREASURY NOTES

 

The following table presents the Company’s MBS portfolio as of June 30, 2026 and December 31, 2025:

 

(in thousands)

            
  

Par Value

  

Cost (1)

  

Fair Value

 

June 30, 2026

 $15,746  $15,944  $15,985 

December 31, 2025

  86,293   87,266   88,929 

 

(1)

The cost information in the table above represents the aggregate current par value, multiplied by the purchase price of each security in the portfolio.

 

The following table presents the Company’s U.S. Treasury Note portfolio as of June 30, 2026:

 

(in thousands)

            
  

Par Value

  

Cost

  

Fair Value

 

U.S. Treasury Note, 1.375%, 8/31/2026

 $500  $497  $498 

U.S. Treasury Note, 0.75%, 8/31/2026

  500   496   497 

Totals

 $1,000  $993  $995 

 

The following table is a summary of the Company’s net gain (loss) from the sales of MBS for the six months ended June 30, 2026 and 2025.

 

(in thousands)

        
   Six Months Ended June 30, 
  

2026

  

2025

 

Proceeds from sales of MBS

 $68,591  $9,786 

Carrying value of MBS sold

  (68,963)  (9,964)

Net loss on sales of MBS

 $(372) $(178)
         

Gross gain on sales of MBS

 $6  $- 

Gross loss on sales of MBS

  (378)  (178)

Net loss on sales of MBS

 $(372) $(178)