XML 140 R130.htm IDEA: XBRL DOCUMENT v3.23.2
Segment Reporting Operating Profit and Loss by Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Segment Reporting Information [Line Items]            
Interest income $ 88,092   $ 62,722   $ 175,266 $ 113,796
Interest expense (63,433)   (26,024)   (123,050) (40,041)
Noninterest Income 34,663   (69,607)   86,338 (95,049)
Operating Expenses 42,632   13,102   80,534 32,669
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 16,690   (46,011)   58,020 (53,963)
Income Tax Expense (Benefit) 83   (7,825)   104 (14,785)
Earnings (losses) from investments in unconsolidated entities (5,868)   (23,265)   (2,424) (28,771)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 10,739 $ 44,753 (61,451) $ (6,498) 55,492 (67,949)
Net income (loss) attributable to non-controlling interests 1,861   (391)   2,581 (811)
Dividends on preferred stock 5,980   3,821   11,097 7,645
Net income (loss) attributable to common stockholders 2,898   (64,881)   41,814 (74,783)
Depreciation 352       710  
Investment Portfolio Segment            
Segment Reporting Information [Line Items]            
Interest income 83,118   62,387   165,487 113,442
Interest expense (54,207)   (21,620)   (106,343) (34,299)
Noninterest Income 13,352   (72,547)   24,281 (94,318)
Operating Expenses 3,865   5,315   7,369 13,067
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 38,398   (37,095)   76,056 (28,242)
Income Tax Expense (Benefit) 0   0   0 0
Earnings (losses) from investments in unconsolidated entities (5,868)   (23,265)   (2,424) (28,771)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 32,530   (60,360)   73,632 (57,013)
Net income (loss) attributable to non-controlling interests 1,847   429   2,085 131
Dividends on preferred stock 0   0   0 0
Net income (loss) attributable to common stockholders 30,683   (60,789)   71,547 (57,144)
Depreciation 0       0  
Longbridge Segment            
Segment Reporting Information [Line Items]            
Interest income 3,779       6,672  
Interest expense (6,117)       (10,463)  
Noninterest Income 30,630       64,028  
Operating Expenses 25,816       51,263  
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 2,476       8,974  
Income Tax Expense (Benefit) 0       0  
Earnings (losses) from investments in unconsolidated entities 0       0  
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 2,476       8,974  
Net income (loss) attributable to non-controlling interests (25)       (23)  
Dividends on preferred stock 0       0  
Net income (loss) attributable to common stockholders 2,501       8,997  
Depreciation 352       710  
Corporate and Other            
Segment Reporting Information [Line Items]            
Interest income 1,195   335   3,107 354
Interest expense (3,109)   (4,404)   (6,244) (5,742)
Noninterest Income (9,319)   2,940   (1,971) (731)
Operating Expenses 12,951   7,787   21,902 19,602
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (24,184)   (8,916)   (27,010) (25,721)
Income Tax Expense (Benefit) 83   (7,825)   104 (14,785)
Earnings (losses) from investments in unconsolidated entities 0   0   0 0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (24,267)   (1,091)   (27,114) (10,936)
Net income (loss) attributable to non-controlling interests 39   (820)   519 (942)
Dividends on preferred stock 5,980   3,821   11,097 7,645
Net income (loss) attributable to common stockholders (30,286)   $ (4,092)   (38,730) $ (17,639)
Depreciation $ 0       $ 0