TWO Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Cover
- Cover
Financial Statements
Notes to Financial Statements
Accounting Policies
- Basis of Presentation and Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Available-for-Sale Securities, at Fair Value - Amortized Cost and Carrying Value of AFS Securities (Details)

v3.26.1

Available-for-Sale Securities, at Fair Value - Amortized Cost and Carrying Value of AFS Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Debt Securities, Available-for-sale [Line Items]
Principal/ Current Face	$ 7,166,936	$ 7,173,967
Un-amortized Premium	143,252	140,630
Accretable Purchase Discount	(20,180)	(24,913)
Amortized Cost	6,553,143	6,516,016
Allowance for Credit Losses	(1,551)	(1,609)
Unrealized Gain	16,323	44,683
Unrealized Loss	(60,534)	(44,619)
Carrying Value	6,507,381	6,514,471
Total Agency
Debt Securities, Available-for-sale [Line Items]
Principal/ Current Face	6,721,356	6,715,227
Un-amortized Premium	140,023	137,319
Accretable Purchase Discount	(20,168)	(24,900)
Amortized Cost	6,549,422	6,512,208
Allowance for Credit Losses	(1,143)	(1,319)
Unrealized Gain	16,156	44,513
Unrealized Loss	(60,203)	(44,190)
Carrying Value	6,504,232	6,511,212
Principal and interest
Debt Securities, Available-for-sale [Line Items]
Principal/ Current Face	6,429,567	6,399,789
Un-amortized Premium	122,199	118,427
Accretable Purchase Discount	(20,168)	(24,900)
Amortized Cost	6,531,598	6,493,316
Allowance for Credit Losses	0	0
Unrealized Gain	15,696	44,091
Unrealized Loss	(59,085)	(43,117)
Carrying Value	6,488,209	6,494,290
Interest-only
Debt Securities, Available-for-sale [Line Items]
Principal/ Current Face	291,789	315,438
Un-amortized Premium	17,824	18,892
Accretable Purchase Discount	0	0
Amortized Cost	17,824	18,892
Allowance for Credit Losses	(1,143)	(1,319)
Unrealized Gain	460	422
Unrealized Loss	(1,118)	(1,073)
Carrying Value	16,023	16,922
Non-Agency
Debt Securities, Available-for-sale [Line Items]
Principal/ Current Face	445,580	458,740
Un-amortized Premium	3,229	3,311
Accretable Purchase Discount	(12)	(13)
Amortized Cost	3,721	3,808
Allowance for Credit Losses	(408)	(290)
Unrealized Gain	167	170
Unrealized Loss	(331)	(429)
Carrying Value	$ 3,149	$ 3,259

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