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Segment Reporting Operating Profit and Loss by Segment (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Segment Reporting Information [Line Items]      
Interest income $ 282,218 $ 175,505 $ 173,531
Interest expense (141,777) (44,030) (61,665)
Noninterest Income (80,447) 19,562 [1] (65,207) [1]
Operating Expenses (84,965) (65,441) (44,838)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (24,971) 85,596 1,821
Income Tax Expense (Benefit) (17,716) 3,144 11,377
Earnings (losses) from investments in unconsolidated entities (63,614) 58,104 37,933
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (70,869) 140,556 28,377
Net income (loss) attributable to non-controlling interests (822) 7,093 3,369
Dividends on preferred stock 15,292 8,117 7,763
Net income (loss) attributable to common stockholders (85,339) 125,346 17,245
Depreciation 330    
Investment Portfolio Segment      
Segment Reporting Information [Line Items]      
Interest income 277,141 175,419 173,081
Interest expense (124,308) (38,990) (56,625)
Noninterest Income (118,797) 21,393 116,456
Operating Expenses (29,532) (21,638) (19,668)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 4,504 136,184 24,115
Income Tax Expense (Benefit) 0 0 0
Earnings (losses) from investments in unconsolidated entities (63,614) 58,104 37,933
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (59,110) 194,288 62,048
Net income (loss) attributable to non-controlling interests 212 5,294 3,357
Dividends on preferred stock 0 0 0
Net income (loss) attributable to common stockholders (59,322) 188,994 58,691
Depreciation 0    
Longbridge Segment      
Segment Reporting Information [Line Items]      
Interest income 2,859    
Interest expense (4,628)    
Noninterest Income 39,935    
Operating Expenses (23,674)    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 14,492    
Income Tax Expense (Benefit) 0    
Earnings (losses) from investments in unconsolidated entities 0    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 14,492    
Net income (loss) attributable to non-controlling interests 32    
Dividends on preferred stock 0    
Net income (loss) attributable to common stockholders 14,460    
Depreciation 330    
Corporate and Other      
Segment Reporting Information [Line Items]      
Interest income 2,218 86 450
Interest expense (12,841) (5,040) (5,040)
Noninterest Income (1,585) (1,831) (4,590)
Operating Expenses (31,759) (43,803) (25,170)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (43,967) (50,588) (22,294)
Income Tax Expense (Benefit) (17,716) 3,144 11,377
Earnings (losses) from investments in unconsolidated entities 0 0 0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (26,251) (53,732) (33,671)
Net income (loss) attributable to non-controlling interests (1,066) 1,799 12
Dividends on preferred stock 15,292 8,117 7,763
Net income (loss) attributable to common stockholders (40,477) $ (63,648) $ (41,446)
Depreciation $ 0    
[1] Conformed to current period presentation.