Condensed Consolidated Balance Sheet - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	[1]	$ 92,661	$ 111,647
Restricted cash	[1]	175	175
Securities, at fair value(1)(2)	[1],[2]	2,087,360	1,514,185
Loans, at fair value	[1],[2]	2,415,321	1,453,480
Investment in unconsolidated entities, at fair value	[1]	195,643	141,620
Real estate owned	[1],[2]	24,681	23,598
Financial derivatives—assets, at fair value		18,894	15,479
Reverse repurchase agreements		123,250	38,640
Due from brokers		93,549	63,147
Investment related receivables	[1]	122,175	49,317
Other assets	[1]	3,710	2,575
Total Assets		5,177,419	3,413,863
Liabilities
Securities sold short, at fair value		120,525	38,642
Repurchase agreements	[1]	2,469,763	1,496,931
Financial derivatives—liabilities, at fair value		12,298	24,553
Due to brokers		2,233	5,059
Investment related payables		39,048	4,754
Other secured borrowings	[1]	96,622	51,062
Other secured borrowings, at fair value	[1]	984,168	754,921
Senior notes, net		85,802	85,561
Base management fee payable to affiliate		3,115	3,178
Incentive Fee Payable		3,246	0
Dividends payable		10,375	5,738
Interest payable	[1]	4,570	3,233
Accrued expenses and other liabilities	[1]	22,098	18,659
Total Liabilities		3,853,863	2,492,291
Commitments and contingencies
ANALYSIS OF EQUITY:
Preferred stock, par value $0.001 per share, 100,000,000 shares authorized;6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable; 4,600,000 shares issued and outstanding ($115,000 liquidation preference)		226,939	111,034
Common stock, par value $0.001 per share, 100,000,000 shares authorized; 43,781,684 and 43,781,684 shares issued and outstanding, respectively		58	44
Additional paid-in-capital		1,161,603	915,658
Retained earnings (accumulated deficit)		(97,279)	(141,521)
Total Stockholders' Equity		1,291,321	885,215
Non-controlling interests	[1]	32,235	36,357
Total Equity		1,323,556	921,572
Total Liabilities and Equity		$ 5,177,419	$ 3,413,863

[1] Ellington Financial Inc.'s Consolidated Balance Sheet includes assets and liabilities of variable interest entities it has consolidated. See Note 9 for additional details on Ellington Financial Inc.'s consolidated variable interest entities.

[2] Includes assets pledged as collateral to counterparties. See Note 11 for additional details on the Company's borrowings and related collateral.