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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income $ 25,089 $ 24,099
Interest expense 6,310 5,371
Net interest income 18,779 18,728
Loss on derivative instruments, net (48,264) (25,323)
(Loss) gain on sale of investments, net (3,941) 1,308
Fair value adjustments, net 24 39
Other (expense) income, net 63 34
General and administrative expenses:    
Compensation and benefits (2,219) (2,117)
Other general and administrative (1,873) (2,141)
Net loss (37,431) (9,472)
Preferred stock dividends (2,294) (2,294)
Net loss to common shareholders (39,725) (11,766)
Change in net unrealized gain on available-for-sale investments 37,760 23,304
Reclassification adjustment for loss (gain) on sale of investments, net 3,941 (1,308)
Reclassification adjustment for de-designated cash flow hedges 27 1,057
Total other comprehensive income 41,728 23,053
Comprehensive income to common shareholders $ 2,003 $ 11,287
Net loss per common share - basic and diluted $ (0.81) $ (0.21)
Weighted average common shares - basic and diluted 49,041 54,800