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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
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