Consolidated Balance Sheet - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents		$ 188,555	$ 217,053	[1]
Restricted cash		1,601	4,816	[1]
Securities, at fair value(1)(2)	[1],[2]	1,389,547	1,459,465
Loans, at fair value	[1],[2]	11,812,567	11,626,008
Loan commitments, at fair value		3,300	3,060
Servicing Asset at Fair Value, Amount		8,100	8,108
Investment in unconsolidated entities, at fair value	[1]	118,747	127,046
Real estate owned	[1],[2]	26,717	28,403
Financial derivatives—assets, at fair value		104,033	132,518
Reverse repurchase agreements		180,934	226,444
Due from brokers		24,291	36,761
Investment related receivables	[1]	163,029	139,413
Other assets	[1]	90,105	76,791
Total Assets		14,111,525	14,085,886
Liabilities
Securities sold short, at fair value		158,302	209,203
Repurchase agreements	[1]	2,285,898	2,609,685
Financial derivatives—liabilities, at fair value		24,245	54,198
Due to brokers		35,431	34,507
Investment related payables		48,373	49,323
Other secured borrowings	[1]	363,640	276,058
Other secured borrowings, at fair value	[1]	1,534,592	1,539,881
HMBS-related obligations, at fair value		7,975,916	7,787,155
Senior notes, at fair value		185,325	191,835
Base management fee payable to affiliate		4,956	4,641
Incentive Fee Payable		0	0
Dividends payable		14,043	12,243
Interest payable	[1]	14,926	22,452
Accrued expenses and other liabilities	[1]	91,115	73,819
Total Liabilities		12,736,762	12,865,000
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)		323,920	227,432
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		67	64
Additional paid-in-capital		1,308,107	1,259,352
Retained earnings (accumulated deficit)		(282,262)	(290,881)
Total Stockholders' Equity		1,349,832	1,195,967
Non-controlling interests	[1]	24,931	24,919
Total Equity		1,374,763	1,220,886
Total Liabilities and Equity		14,111,525	14,085,886
Loans, at fair value	[1],[2]	$ 11,812,567	$ 11,626,008

[1] Ellington Financial Inc.'s Condensed Consolidated Balance Sheets include assets and liabilities of variable interest entities it has consolidated. See Note 11 for additional details on Ellington Financial Inc.'s consolidated variable interest entities.

[2] Includes assets pledged as collateral to counterparties. See Note 13 for additional details on the Company's borrowings and related collateral.