QUARTERLY FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

The following table summarizes the consolidated quarterly financial information for the Company ($ in thousands except per share and dividend amounts):


	Q4 2020		Q3 2020		Q2 2020		Q1 2020

Interest income	$	50,543	$	54,621	$	62,096	$	72,589
Net interest income after provision for (release of) loan reserves	4,359		735		(5,600)		(5,393)
Other income (loss)	27,235		52,810		30,909		29,002
Costs and expenses	47,889		32,149		31,052		42,211
Income (loss) before taxes	(16,295)		21,396		(5,743)		(18,602)
Income tax expense (benefit)	(4,712)		14		(550)		(4,541)
Net income (loss)	(11,583)		21,382		(5,193)		(14,061)
Net (income) loss attributable to noncontrolling interest in consolidated joint ventures	(127)		(4,149)		250		(1,519)
Net (income) loss attributable to noncontrolling interest in operating partnership	(4)		(45)		754		(148)
Net income (loss) attributable to Class A common shareholders	$	(11,714)	$	17,188	$	(4,189)	$	(15,728)

Earnings (loss) per share:
Basic	$	(0.10)	$	0.15	$	(0.04)	$	(0.15)
Diluted	$	(0.10)	$	0.14	$	(0.04)	$	(0.15)

Dividends per share of Class A common stock	$	0.200	$	0.200	$	0.200	$	0.340

	Q4 2019		Q3 2019		Q2 2019		Q1 2019

Interest income	$	76,196	$	82,251	$	85,322	$	86,466
Net interest income after provision for (release of) loan reserves	24,857		30,854		32,653		34,918
Other income (loss)	59,601		38,195		43,708		33,148
Costs and expenses	36,839		36,989		38,069		46,390
Income (loss) before taxes	47,619		32,060		38,291		21,677
Income tax expense (benefit)	2,169		1,112		2,219		(2,854)
Net income (loss)	45,450		30,948		36,072		24,531
Net (income) loss attributable to noncontrolling interest in consolidated joint ventures	4		(64)		307		447
Net (income) loss attributable to noncontrolling interest in operating partnership	(4,804)		(3,308)		(4,136)		(2,802)
Net income (loss) attributable to Class A common shareholders	$	40,650	$	27,577	$	32,242	$	22,175

Earnings (loss) per share:
Basic	$	0.38	$	0.26	$	0.31	$	0.21
Diluted	$	0.37	$	0.26	$	0.30	$	0.21

Dividends per share of Class A common stock	$	0.340	$	0.340	$	0.340	$	0.340