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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income:        
Residential mortgage investments $ 53,309 $ 50,341 $ 112,809 $ 108,986
Other 128 99 320 193
Interest income 53,437 50,440 113,129 109,179
Interest expense:        
Secured borrowings (27,014) (20,098) (53,596) (39,312)
Unsecured borrowings (1,976) (2,122) (3,953) (4,245)
Interest expense (28,990) (22,220) (57,549) (43,557)
Net interest income (expense) 24,447 28,220 55,580 65,622
Other revenue (expense):        
Compensation-related expense (2,042) (2,160) (5,266) (4,509)
Other general and administrative expense (1,157) (1,170) (2,326) (2,319)
Miscellaneous other revenue 382 54 995 107
Operating expenses (2,817) (3,276) (6,597) (6,721)
Net income 21,630 24,944 48,983 58,901
Net income available to common stockholders:        
Net income 21,630 24,944 48,983 58,901
Less preferred stock dividends (3,843) (3,788) (7,669) (7,530)
Net income available to common stockholders $ 17,787 $ 21,156 $ 41,314 $ 51,371
Net income per common share:        
Basic and diluted (in dollars per share) $ 0.19 $ 0.22 $ 0.43 $ 0.54
Weighted average common shares outstanding:        
Basic (in shares) 95,648 95,501 95,631 95,485
Diluted (in shares) 95,786 95,689 95,766 95,682
Cash dividends declared per share:        
Common (in dollars per share) $ 0.23 $ 0.31 $ 0.49 $ 0.62
Series E Preferred [Member]        
Cash dividends declared per share:        
Series E Preferred (in dollars per share) $ 0.47 $ 0.47 $ 0.94 $ 0.94