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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income $ 76,054 $ 42,212 $ 147,580 $ 73,058
Interest Expense, Operating 74,767 45,142 149,484 76,450
Net interest income (expense) 1,287 (2,930) (1,904) (3,392)
Realized loss on sales of investments, net (1,506) (51,601) (1,506) (74,916)
Unrealized (loss) gain on investments, net (41,977) 488 (112,001) 57,609
Gain on derivative instruments, net 41,135 116,012 165,771 48,745
Total other (losses) gains, net (2,348) 64,899 52,264 31,438
Noninterest Expense [Abstract]        
Compensation and benefits (3,284) (3,617) (10,461) (7,367)
Other general and administrative (3,358) (3,580) (7,062) (7,202)
Other operating expenses (601) (435) (1,022) (861)
Total operating expenses (7,243) (7,632) (18,545) (15,430)
Net income (8,304) 54,337 31,815 12,616
Preferred stock dividends (1,923) (1,923) (3,847) (3,847)
Net (loss) income to common shareholders (10,227) 52,414 27,968 8,769
Other comprehensive income:        
Unrealized (loss) gain on available-for-sale investments, net (1,786) (9,443) (19,054) 5,350
Total other comprehensive (loss) income (1,786) (9,443) (19,054) 5,350
Comprehensive (loss) income to common shareholders $ (12,013) $ 42,971 $ 8,914 $ 14,119
Weighted average common shares-basic (in shares) 66,954,870 54,137,327 63,003,545 53,981,463
Weighted average common shares-diluted (in shares) 66,954,870 54,585,082 63,913,156 54,327,385
Net income (loss) per common share-basic (in dollars per share) $ (0.15) $ 0.97 $ 0.44 $ 0.16
Net income (loss) per common share-diluted (in dollars per share) $ (0.15) $ 0.96 $ 0.44 $ 0.16