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Consolidated Statements of Changes in Stockholders’ Equity - USD ($)
$ in Thousands
Total
Private Placement
IPO
Preferred Stock
Common Stock at Par
Common Stock at Par
Private Placement
Common Stock at Par
IPO
Additional Paid-in Capital
Additional Paid-in Capital
Private Placement
Additional Paid-in Capital
IPO
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Balance at beginning of period at Dec. 31, 2019 $ 94,863     $ 101 $ 157     $ 87,471     $ 3,554 $ 3,580
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Distributions to common stockholder (76,700)             (75,000)       (1,700)
Contributions from common stockholder 234,018             234,018        
Dividends declared - preferred (15)                     (15)
Unrealized (loss) gain on RMBS and CMBS (4,593)                   (4,593)  
Net income 736                     736
Balance at end of period at Dec. 31, 2020 248,309     101 157     246,489     (1,039) 2,601
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Contributions from common stockholder 56,261             56,261        
Stock issued   $ 40,000 $ 136,800     $ 21 $ 72   $ 39,979 $ 136,728    
Shares repurchased (4,660)       (3)     (4,657)        
Non-cash equity compensation 1,715       5     1,710        
Dividends declared - preferred (15)                     (15)
Unrealized (loss) gain on RMBS and CMBS 4,039                   4,039  
Dividends paid on common stock (12,172)                     (12,172)
Net income 21,113                     21,113
Balance at end of period at Dec. 31, 2021 $ 491,390     $ 101 $ 252     $ 476,510     $ 3,000 $ 11,527