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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue:        
Interest income $ 29,100 $ 121,052 $ 114,784 $ 118,284
Interest expense   (51,949) (62,583) (63,002)
Net interest margin   69,103 52,201 55,282
Revenue from real estate owned   13,593 25,058 0
Total revenue   82,696 77,259 55,282
Expenses:        
Management and incentive fees to affiliate 2,400 8,159 7,363 7,418
Professional fees $ 400 2,640 2,194 1,945
General and administrative expenses   3,732 4,188 3,307
General and administrative expenses reimbursed to affiliate   3,653 3,026 3,570
Expenses from real estate owned   18,127 22,982 0
Total expenses   36,311 39,753 16,240
Provision for current expected credit losses   20,185 0 0
Realized losses on loans sold   4,008 0 0
Income before income taxes   22,192 37,506 39,042
Income tax expense, including excise tax   352 515 446
Net income attributable to common stockholders   $ 21,840 $ 36,991 $ 38,596
Earnings Per Share [Abstract]        
Basic earnings per common share (in dollars per share)   $ 0.66 $ 1.29 $ 1.35
Diluted earnings per common share (in dollars per share)   $ 0.66 $ 1.28 $ 1.35
Weighted average number of common shares outstanding:        
Basic weighted average shares of common stock outstanding (in shares)   32,977,462 28,609,282 28,529,439
Diluted weighted average shares of common stock outstanding (in shares)   33,196,508 28,846,641 28,656,660