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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Net interest income:                      
Interest income from securities $ 3,120 $ 3,674 $ 3,230 $ 5,323 $ 5,904 $ 6,316 $ 6,448 $ 6,656 $ 15,347 $ 25,323 $ 18,112
Interest income from commercial mortgage loans 2,930 2,825 2,791 2,234 2,267 2,276 2,297 2,313 10,780 9,153 7,035
Interest income from subordinate loans 7,350 6,144 5,859 5,313 4,817 3,784 3,167 1,909 24,666 13,678 7,338
Interest income from repurchase agreements 366 2,361 2,000 1,559 1,576 1,576 1,552 60 6,286 4,764  
Interest expense (1,463) (1,768) (1,929) (3,242) (3,618) (3,716) (3,781) (3,339) (8,402) (14,454) (10,714)
Net interest income 12,303 13,236 11,951 11,187 10,946 10,236 9,683 7,599 48,677 38,464 21,771
Operating expenses:                      
General and administrative expenses (includes equity-based compensation of $3,624 in 2012, $1,788 in 2011 and $1,452 in 2010) (1,315) (2,430) (2,762) (2,036) (1,563) (1,297) (1,412) (1,380) (8,543) (5,652) (5,556)
Management fees to related party (2,040) (1,518) (1,292) (1,289) (1,297) (1,241) (1,101) (1,088) (6,139) (4,728) (3,339)
Total operating expenses (3,355) (3,948) (4,054) (3,325) (2,860) (2,538) (2,513) (2,468) (14,682) (10,380) (8,895)
Interest income from cash balances 6     1 1 2 3 5 7 13 16
Realized gain (loss) on sale of securities       262         262   (33)
Unrealized gain (loss) on securities 16 3,010 2,078 1,385 600 (1,511) 1,366 26 6,489 481 (1,766)
Loss on derivative instruments (includes unrealized gains (losses) of $323 in 2012, $(865) in 2011 and $387 in 2010) (2) (87) (65) (417) (18) (677) (2,019) 18 (572) (2,696) (94)
Net income 8,968 12,211 9,910 9,093 8,669 5,512 6,520 5,180 40,181 25,882 10,999
Preferred dividends                 (3,079)    
Net income available to common stockholders $ 7,108 $ 10,992 $ 9,910 $ 9,093 $ 8,669 $ 5,512 $ 6,520 $ 5,180 $ 37,102 $ 25,882 $ 10,999
Basic and diluted net income per share of common stock $ 0.26 $ 0.52 $ 0.47 $ 0.43 $ 0.41 $ 0.28 $ 0.37 $ 0.29 $ 1.64 $ 1.35 $ 0.87
Basic and diluted weighted average common shares outstanding 27,297,600 20,992,312 20,991,450 20,966,426 20,989,828 19,966,594 17,684,991 17,670,787 22,648,819 18,840,954 12,679,277