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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest income $ 23,103 $ 21,135 $ 70,378 $ 69,040
Interest expense 9,889 6,068 26,122 18,478
Net interest income 13,214 15,067 44,256 50,562
Gain (loss) on derivative instruments, net 5,993 2,409 (9,634) (62,153)
Loss on sale of investments, net (5,211) 0 (10,628) (4,238)
Fair value adjustments, net 23 34 63 86
Other (loss) income, net (109) 545 (150) 898
General and administrative expenses:        
Compensation and benefits (2,070) (1,736) (6,356) (5,829)
Other general and administrative (1,529) (1,619) (5,620) (5,288)
Net income (loss) 10,311 14,700 11,931 (25,962)
Preferred stock dividends (2,808) (2,294) (7,885) (6,882)
Net income (loss) to common shareholders 7,503 12,406 4,046 (32,844)
Other comprehensive income:        
Unrealized gain on available-for-sale investments, net 981 769 28,087 61,260
Reclassification adjustment for loss on sale of investments, net 5,211 0 10,628 4,238
Reclassification adjustment for de-designated cash flow hedges (48) (99) (220) (152)
Total other comprehensive income 6,144 670 38,495 65,346
Comprehensive income to common shareholders $ 13,647 $ 13,076 $ 42,541 $ 32,502
Net income (loss) per common share-basic and diluted $ 0.15 $ 0.25 $ 0.08 $ (0.67)
Weighted average common shares-basic and diluted 49,832 49,147 49,411 49,102