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Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2016
Stockholders' Equity Note [Abstract]  
Schedule of preferred stock dividend declaration and payment
The following table presents cash dividends declared by the Company on its Series B Preferred Stock from January 1, 2016 through June 30, 2016:

Declaration Date
Record Date
Payment Date
Dividend Per Share
May 18, 2016
June 3, 2016
June 30, 2016
$
0.46875

February 12, 2016
February 29, 2016
March 31, 2016
0.46875
Schedule of cash dividends declared on common stock
The following table presents cash dividends declared by the Company on its common stock from January 1, 2016 through June 30, 2016:
 
Declaration Date (1)
Record Date
Payment Date
Dividend Per Share
June 14, 2016
June 28, 2016
July 29, 2016
$
0.20

(1)
March 11, 2016
March 28, 2016
April 29, 2016
0.20

 
 
(1)  At June 30, 2016, the Company had accrued dividends and dividend equivalents payable of $74.6 million related to the common stock dividend declared on June 14, 2016.
Schedule of changes in balances of each component of the entity's AOCI
The following table presents changes in the balances of each component of the Company’s AOCI for the three and six months ended June 30, 2016:
 
 
Three Months Ended 
 June 30, 2016
 
Six Months Ended 
 June 30, 2016
(In Thousands)
 
Net Unrealized
Gain/(Loss) on
AFS Securities
 
Net 
Unrealized
Loss
on Swaps
 
Total AOCI
 
Net Unrealized
Gain/(Loss) on
AFS Securities
 
Net 
Unrealized Loss
on Swaps
 
Total AOCI
Balance at beginning of period
 
$
529,151

 
$
(118,741
)
 
$
410,410

 
$
585,250

 
$
(69,399
)
 
$
515,851

OCI before reclassifications
 
105,234

 
(13,230
)
 
92,004

 
60,098

 
(62,572
)
 
(2,474
)
Amounts reclassified from AOCI (1)
 
(8,688
)
 
—

 
(8,688
)
 
(19,651
)
 
—

 
(19,651
)
Net OCI during the period (2)
 
96,546

 
(13,230
)
 
83,316

 
40,447

 
(62,572
)
 
(22,125
)
Balance at end of period
 
$
625,697

 
$
(131,971
)
 
$
493,726

 
$
625,697

 
$
(131,971
)
 
$
493,726


(1)  See separate table below for details about these reclassifications.
(2)  For further information regarding changes in OCI, see the Company’s consolidated statements of comprehensive income/(loss).
 

The following table presents changes in the balances of each component of the Company’s AOCI for the three and six months ended June 30, 2015:
 
 
Three Months Ended 
 June 30, 2015
 
Six Months Ended 
 June 30, 2015
(In Thousands)
 
Net Unrealized
Gain/(Loss) on
AFS Securities
 
Net 
Unrealized (Loss)/Gain
on Swaps
 
Total AOCI
 
Net Unrealized
Gain/(Loss) on
AFS Securities
 
Net 
Unrealized
Loss
on Swaps
 
Total AOCI
Balance at beginning of period
 
$
850,257

 
$
(91,429
)
 
$
758,828

 
$
813,515

 
$
(59,062
)
 
$
754,453

OCI before reclassifications
 
(82,945
)
 
26,858

 
(56,087
)
 
(43,767
)
 
(5,509
)
 
(49,276
)
Amounts reclassified from AOCI (1)
 
(8,161
)
 
—

 
(8,161
)
 
(15,134
)
 
—

 
(15,134
)
Cumulative effect adjustment on adoption of revised accounting standard for repurchase agreement financing
 
—

 
—

 
—

 
4,537

 
—

 
4,537

Net OCI during the period (2)
 
(91,106
)
 
26,858

 
(64,248
)
 
(54,364
)
 
(5,509
)
 
(59,873
)
Balance at end of period
 
$
759,151

 
$
(64,571
)
 
$
694,580

 
$
759,151

 
$
(64,571
)
 
$
694,580


(1)  See separate table below for details about these reclassifications.
(2)  For further information regarding changes in OCI, see the Company’s consolidated statements of comprehensive income/(loss).
Information about the significant amounts reclassified out of the entity's AOCI
The following table presents information about the significant amounts reclassified out of the Company’s AOCI for the three and six months ended June 30, 2016:
 
 
Three Months Ended 
 June 30, 2016
 
Six Months Ended 
 June 30, 2016
 
 
Details about AOCI Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in the Statement
Where Net Income Is Presented
(In Thousands)
 
 
 
 
 
 
AFS Securities:
 
 
 
 
 
 
Realized gain on sale of securities
 
$
(8,688
)
 
$
(19,651
)
 
Gain on sales of MBS
Total AFS Securities
 
$
(8,688
)
 
$
(19,651
)
 
 
Total reclassifications for period
 
$
(8,688
)
 
$
(19,651
)
 
 
 
The following table presents information about the significant amounts reclassified out of the Company’s AOCI for the three and six months ended June 30, 2015:
 
 
Three Months Ended 
 June 30, 2015
 
Six Months Ended 
 June 30, 2015
 
 
Details about AOCI Components
 
Amounts Reclassified from AOCI
 
Affected Line Item in the Statement
Where Net Income Is Presented
(In Thousands)
 
 
 
 
 
 
AFS Securities:
 
 
 
 
 
 
Realized gain on sale of securities
 
$
(7,863
)
 
$
(14,429
)
 
Gain on sales of MBS
OTTI recognized in earnings
 
(298
)
 
(705
)
 
Net impairment losses recognized in earnings
Total AFS Securities
 
$
(8,161
)
 
$
(15,134
)
 
 
Total reclassifications for period
 
$
(8,161
)
 
$
(15,134
)