CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2020 |
Jun. 30, 2019 |
Jun. 30, 2020 |
Jun. 30, 2019 |
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INTEREST INCOME (EXPENSE) | ||||
Interest income | $ 3,489 | $ 12,139 | $ 13,370 | $ 24,752 |
Interest expense | (2,330) | (9,662) | (8,430) | (19,217) |
Total net interest income | 1,159 | 2,477 | 4,940 | 5,535 |
EXPENSES | ||||
Management fees to affiliate | 594 | 582 | 1,119 | 1,177 |
Professional fees | 598 | 207 | 806 | 436 |
Compensation expense | 142 | 112 | 293 | 263 |
Insurance expense | 82 | 74 | 158 | 148 |
Other operating expenses | 316 | 325 | 643 | 644 |
Total expenses | 1,732 | 1,300 | 3,019 | 2,668 |
OTHER INCOME (LOSS) | ||||
Net realized gains (losses) on securities | 5,175 | 1,418 | 6,268 | (256) |
Net realized gains (losses) on financial derivatives | (8,452) | (8,771) | (14,951) | (20,862) |
Change in net unrealized gains (losses) on securities | 15,690 | 14,511 | 22,458 | 36,482 |
Change in net unrealized gains (losses) on financial derivatives | 9,505 | (8,442) | (11,096) | (9,410) |
Total other income (loss) | 21,918 | (1,284) | 2,679 | 5,954 |
NET INCOME (LOSS) | $ 21,345 | $ (107) | $ 4,600 | $ 8,821 |
NET INCOME (LOSS) PER COMMON SHARE: | ||||
Basic and Diluted (in dollars per share) | $ 1.73 | $ (0.01) | $ 0.37 | $ 0.71 |
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- Definition This amount includes interest paid on cash margin as well as the cost of borrowed funds during the period. No definition available.
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- Definition Net realized and unrealized gain (loss) on investments and financial derivatives No definition available.
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- Definition Realized gains or (losses) on derivatives sold, terminated, or otherwise disposed of during the period. In addition, periodic payments or receipts on swaps are recorded as realized gains or losses. No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The expense in the period incurred with respect to protection provided by insurance entities against risks other than risks associated with production (which are allocated to cost of sales). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expenses related to the managing member or general partner for management of the day-to-day business functions of the limited liability company (LLC) or limited partnership (LP). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition Amount of expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net realized gains or losses on investments during the period, not including gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary and wage arising from service rendered by nonofficer employee. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of unrealized gain (loss) recognized in the income statement on unsold other securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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