XML 22 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest income $ 25,190 $ 22,419
Interest expense 11,595 7,519
Net interest income 13,595 14,900
Gain on derivative instruments, net 38,354 175
Loss on sale of investments, net (3,775) (1,708)
Fair value adjustments, net 29 10
Other expense, net (253) (46)
General and administrative expenses:    
Compensation and benefits (1,962) (2,245)
Other general and administrative (1,681) (2,035)
Net income 44,307 9,051
Preferred stock dividends (2,940) (2,435)
Net income to common shareholders 41,367 6,616
Other comprehensive income:    
Unrealized (loss) gain on available-for-sale investments, net (49,189) 18,368
Reclassification adjustment for loss on sale of investments, net 3,775 1,708
Reclassification adjustment for de-designated cash flow hedges (48) (99)
Total other comprehensive (loss) income (45,462) 19,977
Comprehensive (loss) income to common shareholders $ (4,095) $ 26,593
Net income per common share-basic and diluted $ 0.74 $ 0.13
Weighted average common shares-basic and diluted 55,871 49,176