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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest income:    
Residential mortgage investments $ 69,138 $ 54,841
Other 408 153
Interest income 69,546 54,994
Interest expense:    
Secured borrowings (45,021) (28,240)
Unsecured borrowings (1,891) (1,891)
Interest expense (46,912) (30,131)
Net interest income (expense) 22,634 24,863
Other revenue (expense):    
Compensation-related expense (2,048) (1,115)
Other general and administrative expense (1,237) (1,062)
Miscellaneous other revenue 71 15
Operating expenses (3,214) (2,162)
Net income 19,420 22,701
Net income available to common stockholders:    
Net income 19,420 22,701
Less preferred stock dividends (4,842) (3,864)
Net income available to common stockholders $ 14,578 $ 18,837
Net income per common share:    
Basic and diluted $ 0.16 $ 0.20
Weighted average common shares outstanding:    
Basic (in shares) 93,425 95,755
Diluted (in shares) 93,506 95,875
Cash dividends declared per share:    
Common (in dollars per share) $ 0.16 $ 0.21
Series E Preferred [Member]    
Cash dividends declared per share:    
Series E preferred (in dollars per share) $ 0.47 $ 0.47