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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME (EXPENSE)        
Interest income $ 12,867 $ 7,096 $ 36,078 $ 24,285
Interest expense (5,719) (2,279) (12,917) (6,589)
Total net interest income 7,148 4,817 23,161 17,696
EXPENSES        
Management fees to affiliate 741 539 1,953 1,596
Professional fees 157 171 510 549
Compensation expense 222 142 597 463
Other operating expenses 361 402 1,130 1,269
Total expenses 1,481 1,254 4,190 3,877
OTHER INCOME (LOSS)        
Net realized gains (losses) on securities 349 3,892 (3,001) 9,003
Net realized gains (losses) on financial derivatives (2,981) (3,920) (10,455) (21,523)
Change in net unrealized gains (losses) on securities 3,994 (124) 5,783 14,388
Change in net unrealized gains (losses) on financial derivatives (689) 3,215 (1,302) (5,792)
Total other income (loss) 673 3,063 (8,975) (3,924)
NET INCOME $ 6,340 $ 6,626 $ 9,996 $ 9,895
NET INCOME PER COMMON SHARE:        
Basic and Diluted (in dollars per share) $ 0.48 $ 0.73 $ 0.91 $ 1.09
CASH DIVIDENDS PER COMMON SHARE:        
Dividends declared (in dollars per share) $ 0.40 $ 0.40 $ 1.20 $ 1.25