Investment Types
There are currently five different investment types available to choose from when editing a Loan Type:
- Mortgage (Mtg): traditional mortgages
- Security/MBS (MBS): Mortgage-Backed Securities, also referred to as mortgage pools
- US Gov't & Agency (USGA): debt securities issued by the U.S. Treasury, by U.S. government agencies and by U.S government-sponsored enterprises; also referred to simply as Treasuries
- Stock (Stock): Federal Home Loan Bank (FHLB)-restricted and non-public stock
- Loan (Loan): Federal Home Loan Bank (FHLB) advances; ie, cash loaned to Citizens from the FHLB
- Cert of Deposit (CD): Certificates of Deposit up to $250,000 (i.e., fully FDIC insured)
Mtg | MBS | USGA | Stock | Loan | CD | |
---|---|---|---|---|---|---|
Interest Accrual Method | 30/360 | 30/360 | Actual 365 Fixed | N/A | N/A | Actual 365 Fixed |
Amortizes Premiums/Discounts | N/A | Yes | Yes | N/A | N/A | N/A |
Sale Status | HTM | HTM/AFS/Trading | HTM/AFS/Trading | N/A | N/A | AFS |
Interest Income Subject to PA Tax? | Yes | Yes | Yes/No | Yes | N/A | Yes |