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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest Income        
Residential loans $ 35,595 $ 29,472 $ 102,149 $ 80,289
Commercial loans 6,453 11,191 28,834 34,784
Real estate securities 18,600 22,749 58,112 75,363
Other interest income 258 72 926 167
Total interest income 60,906 63,484 190,021 190,603
Interest Expense        
Short-term debt (5,405) (7,627) (17,439) (21,378)
Asset-backed securities issued (3,193) (5,190) (11,457) (17,037)
Long-term debt (12,999) (11,058) (39,095) (32,429)
Total Interest Expense (21,597) (23,875) (67,991) (70,844)
Net Interest Income 39,309 39,609 122,030 119,759
Reversal of provision for loan losses 859 60 7,102 115
Net Interest Income after Provision 40,168 39,669 129,132 119,874
Non-interest Income (loss)        
Mortgage banking activities, net 9,766 1,333 24,712 10,706
Mortgage servicing rights income (loss), net 3,770 3,549 12,834 (6,545)
Investment fair value changes, net 11,918 (14,169) (18,686) (17,105)
Other income 1,643 327 4,157 2,435
Realized gains, net 6,615 5,548 26,037 16,170
Total non-interest income (loss), net 33,712 (3,412) 49,054 5,661
Operating expenses (20,355) (24,497) (70,962) (74,778)
Net Income before Provision for Income Taxes 53,525 11,760 107,224 50,757
(Provision for) benefit from income taxes (972) 7,404 (1,327) 10,272
Net Income $ 52,553 $ 19,164 $ 105,897 $ 61,029
Basic earnings per common share (usd per share) $ 0.67 $ 0.22 $ 1.34 $ 0.71
Diluted earnings per common share (usd per share) 0.58 0.22 1.23 0.69
Regular dividends declared per common share (usd per share) $ 0.28 $ 0.28 $ 0.84 $ 0.84
Basic weighted average shares outstanding (shares) 76,680,183 83,787,533 76,827,026 83,696,461
Diluted weighted average shares outstanding (shares) 97,831,617 85,074,704 97,991,678 85,338,996