XML 141 R130.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Segment Reporting (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Segment Reporting Information [Line Items]        
Interest income $ 101,520 $ 87,174    
Interest expense (70,464) (59,617)    
Noninterest Income 44,485 51,675    
Operating Expenses 43,655 37,902    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 31,886 41,330    
Income tax expense (benefit) 61 21    
Earnings (losses) from investments in unconsolidated entities 2,226 3,444    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 34,051 44,753    
Net income (loss) attributable to non-controlling interests 482 720    
Dividends on preferred stock 6,654 5,117    
Net income (loss) attributable to common stockholders 26,915 38,916    
Depreciation 270 358    
Total Assets 15,132,600   $ 15,315,930  
Liabilities 13,579,444   13,780,318  
Total Equity 1,553,156 1,374,763 1,535,612 $ 1,220,886
Investment Portfolio Segment        
Segment Reporting Information [Line Items]        
Interest income 91,403 82,369    
Interest expense (57,310) (52,136)    
Noninterest Income 10,024 10,929    
Operating Expenses 3,143 3,505    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 40,974 37,657    
Income tax expense (benefit) 0 0    
Earnings (losses) from investments in unconsolidated entities 2,226 3,444    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 43,200 41,101    
Net income (loss) attributable to non-controlling interests 185 238    
Dividends on preferred stock 0 0    
Net income (loss) attributable to common stockholders 43,015 40,863    
Depreciation 0 0    
Total Assets 5,620,097   5,978,988  
Liabilities 4,097,762   4,555,212  
Total Equity 1,522,335   1,423,776  
Longbridge Segment        
Segment Reporting Information [Line Items]        
Interest income 8,240 2,893    
Interest expense (8,557) (4,346)    
Noninterest Income 38,170 33,398    
Operating Expenses 29,099 25,447    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest 8,754 6,498    
Income tax expense (benefit) 0 0    
Earnings (losses) from investments in unconsolidated entities 0 0    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 8,754 6,498    
Net income (loss) attributable to non-controlling interests 38 2    
Dividends on preferred stock 0 0    
Net income (loss) attributable to common stockholders 8,716 6,496    
Depreciation 270 358    
Total Assets 9,338,455   9,092,840  
Liabilities 9,115,860   8,872,153  
Total Equity 222,595   220,687  
Corporate and Other        
Segment Reporting Information [Line Items]        
Interest income 1,877 1,912    
Interest expense (4,597) (3,135)    
Noninterest Income (3,709) 7,348    
Operating Expenses 11,413 8,950    
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest (17,842) (2,825)    
Income tax expense (benefit) 61 21    
Earnings (losses) from investments in unconsolidated entities 0 0    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (17,903) (2,846)    
Net income (loss) attributable to non-controlling interests 259 480    
Dividends on preferred stock 6,654 5,117    
Net income (loss) attributable to common stockholders (24,816) (8,443)    
Depreciation 0 $ 0    
Total Assets 174,048   244,102  
Liabilities 365,822   352,953  
Total Equity $ (191,774)   $ (108,851)