v3.26.1
Basis of Presentation and Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2026
Basis of Presentation and Significant Accounting Policies [Abstract]  
Allowance for Credit Losses

The below table summarizes information about the allowance for credit losses for the periods indicated (dollars in thousands):

Allowance for Credit Losses

   
June 30, 2026
    
December 31, 2025
  
Balance at beginning of period
  
$
-
    
$
-
  
Provision for expected credit losses
    
2,315
      
-
  
Write-offs charged against the allowance
    
-
      
-
  
Recoveries collected
    
-
      
-
  
Balance at end of period
  
$
2,315
    
$
-
  
Realized Gains and Losses on RMBS

The following table presents realized gains or losses on RMBS for the periods indicated (dollars in thousands):

 
  
Three Months Ended June 30,
    
Six Months Ended June 30,
  
 
  
2026
    
2025
    
2026
    
2025
  
Realized gain (loss) on RMBS, net
                        
Loss on RMBS, available-for-sale, measured at fair value through OCI (A)
  
$
(498
)
  
$
-
    
$
(498
)
  
$
(3,074
)
Gain on RMBS measured at fair value through earnings     9       -       9      
 -  
Loss on RMBS measured at fair value through earnings
     (558 )     (2,053 )     (558 )     (2,971 )
Realized loss on RMBS, net
  
$
(1,047
)
  
$
(2,053
)
  
$
(1,047
)
  
$
(6,045
)

(A)
Reclassified from accumulated other comprehensive income into earnings.