NYCB 2017 Annual Report

95 NOTE 4: SECURITIES The following tables summarize the Company’s portfolio of securities available for sale at December 31, 2017 and 2016: December 31, 2017 (in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value Mortgage-Related Securities: GSE (1) certificates $ 2,023,677 $46,364 $ 1,199 $2,068,842 GSE CMOs (2) 536,284 14,446 826 549,904 Total mortgage-related securities $ 2,559,961 $60,810 $ 2,025 $2,618,746 Other Securities: U. S. Treasury obligations $ 199,960 $ -- $ 62 $ 199,898 GSE debentures 473,879 2,044 2,665 473,258 Corporate bonds 79,702 11,073 -- 90,775 Municipal bonds 70,381 540 801 70,120 Capital trust notes 48,230 6,498 8,632 46,096 Preferred stock 15,292 142 -- 15,434 Mutual funds and common stock (3) 16,874 487 261 17,100 Total other securities $ 904,318 $20,784 $12,421 $ 912,681 Total securities available for sale (4) $ 3,464,279 $81,594 $14,446 $3,531,427 (1) Government-sponsored enterprise. (2) Collateralized mortgage obligations. (3) Primarily consists of mutual funds that are Community Reinvestment Act-qualified investments. (4) The amortized cost includes the non-credit portion of OTTI recorded in AOCL. At December 31, 2017, the non-credit portion of OTTI recorded in AOCL was $8.6 million (before taxes). December 31, 2016 (in thousands) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value Mortgage-Related Securities: GSE certificates $ 7,786 $ -- $ 460 $ 7,326 Other Securities: Municipal bonds $ 583 $ 48 $ -- $ 631 Capital trust notes 9,458 2 2,217 7,243 Preferred stock 70,866 1,446 328 71,984 Mutual funds and common stock 16,874 484 261 17,097 Total other securities $ 97,781 $1,980 $2,806 $ 96,955 Total securities available for sale $105,567 $1,980 $3,266 $104,281