UNSECURED BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2014

UNSECURED BORROWINGS [Abstract]

Schedule Of Subordinated Note Balances And Related Weighted Average Interest Rates

	December 31, 2014					December 31, 2013
	Borrowings Outstanding		Average Rate *			Borrowings Outstanding		Average Rate *
Junior subordinated notes associated with:
Capstead Mortgage Trust I	$	35,000		8.31	%	$	35,000		8.31	%
Capstead Mortgage Trust II		40,000		8.46			40,000		8.46
Capstead Mortgage Trust III		25,000		8.78			25,000		8.78
	$	100,000		8.49		$	100,000		8.49

* The indicated weighted average rates have been in effect since issuance.  After considering cash flow hedges that coincide with the floating rate terms of these borrowings that begin October 30, and December 15, 2015 for the notes associated with Capstead Mortgage Trusts I and II and September 15, 2016 for the notes associated with Capstead Mortgage Trust III, the effective borrowing rate will average 7.56% beginning September 15, 2016 through maturity, subject to certain adjustments for the effects of measured hedge ineffectiveness, if any.