Selected Quarterly Financial Data - Unaudited (Tables)

12 Months Ended

Dec. 31, 2016

Selected Quarterly Financial Data - Unaudited

Summary of quarterly financial data

	Three Months Ended
	December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Net interest income	$	12,083,989		$	12,669,999		$	17,265,284		$	13,069,852
Total other revenue		49,580,564			34,868,259			4,641,223			5,421,295
Total other expenses		32,035,587			35,741,599			25,169,864			17,972,816
Income before gain on sale of real estate, income from equity affiliates and provision for income taxes		29,628,966			11,796,659			(3,263,357	)		518,331
Gain on sale of real estate		—			—			11,023,134			607,553
Income from equity affiliates		1,800,689			4,929,375			4,367,101			1,897,442
Provision for income taxes		(525,000	)		(300,000	)		—			—
Net income		30,904,655			16,426,034			12,126,878			3,023,326
Preferred stock dividends		1,888,430			1,888,430			1,888,430			1,888,430
Net income attributable to noncontrolling interest		8,481,609			3,649,432			—			—
Net income attributable to common stockholders	$	20,534,616		$	10,888,172		$	10,238,448		$	1,134,896
Basic earnings per common share(1)	$	0.40		$	0.21		$	0.20		$	0.02
Diluted earnings per common share(1)	$	0.40		$	0.21		$	0.20		$	0.02

	Three Months Ended
	December 31, 2015		September 30, 2015			June 30, 2015		March 31, 2015
Net interest income	$	14,878,213	$	14,140,346		$	22,632,167	$	13,282,028
Total other revenue		4,917,135		7,254,484			7,278,650		8,486,343
Total other expenses		18,001,688		18,338,403			19,057,772		18,669,461
Income before gain on acceleration of deferred income, loss on termination of swaps, gain on sale of real estate and income from equity affiliates		1,793,660		3,056,427			10,853,045		3,098,910
Gain on acceleration of deferred income		—		8,162,720			—		11,009,162
Loss on termination of swaps		—		(340,197	)		—		(4,289,450	)
Gain on sale of real estate		3,799,657		—			—		3,984,364
Income from equity affiliates		1,317,339		6,353,239			1,534,025		3,095,913
Net income		6,910,656		17,232,189			12,387,070		16,898,899
Preferred stock dividends		1,888,430		1,888,430			1,888,430		1,888,430
Net income attributable to common stockholders	$	5,022,226	$	15,343,759		$	10,498,640	$	15,010,469
Basic earnings per common share(1)	$	0.10	$	0.30		$	0.21	$	0.30
Diluted earnings per common share(1)	$	0.10	$	0.30		$	0.21	$	0.30

(1)           The sum of the quarterly per share amounts may not equal per share amounts reported for year-to-date periods, due to the effects of rounding for each period.