CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands		Sep. 30, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents		$ 61,169	$ 58,166
Mortgage-backed securities, at fair value(1)	[1]	1,218,306	1,081,380
Other investments, at fair value		309	292
Due from brokers		58,296	47,798
Financial derivatives–assets, at fair value		7,310	2,791
Reverse repurchase agreements		9,975	0
Receivable for securities sold		7,022	0
Interest receivable		3,786	4,114
Other assets		502	270
Total Assets		1,366,675	1,194,811
LIABILITIES
Repurchase agreements		1,062,197	1,015,245
Payable for securities purchased		125,853	0
Due to brokers		577	1,064
Financial derivatives–liabilities, at fair value		3,090	6,630
U.S. Treasury securities sold short, at fair value		9,974	0
Dividend payable		3,881	3,456
Accrued expenses		1,207	918
Management fee payable to affiliate		598	626
Interest payable		398	470
Total Liabilities		1,207,775	1,028,409
SHAREHOLDERS' EQUITY
Preferred shares, par value $0.01 per share, 100,000,000 shares authorized; (0 shares issued and outstanding, respectively)		0	0
Common shares, par value $0.01 per share, 500,000,000 shares authorized; (12,935,358 and 12,343,542 shares issued and outstanding, respectively)		129	123
Additional paid-in-capital		236,869	229,614
Accumulated deficit		(78,098)	(63,335)
Total Shareholders' Equity		158,900	166,402
Total Liabilities and Shareholders' Equity		$ 1,366,675	$ 1,194,811

[1] Includes assets pledged as collateral to counterparties. See Note 6 for additional details on the Company's borrowings and related collateral.