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SUMMARIZED QUARTERLY RESULTS (UNAUDITED)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
SUMMARIZED QUARTERLY RESULTS (UNAUDITED)
26.              SUMMARIZED QUARTERLY RESULTS (UNAUDITED)

The following is a presentation of summarized quarterly results of operations for the years ended December 31, 2017 and 2016.
 
For the Quarters Ended
 
December 31, 2017
 
September 30,
2017
 
June 30,
2017
 
March 31,
2017
 
(dollars in thousands, expect per share data)
Interest income
$
745,423

 
$
622,550

 
$
537,426

 
$
587,727

Interest expense
318,711

 
268,937

 
222,281

 
198,425

Net interest income
426,712

 
353,613

 
315,145

 
389,302

Total realized and unrealized gains (losses)
359,215

 
43,807

 
(277,794
)
 
74,265

Total other income (loss)
25,064

 
28,282

 
30,865

 
31,646

Less:  Total general and administrative expenses
59,257

 
57,016

 
54,023

 
53,828

Income (loss) before income taxes
751,734

 
368,686

 
14,193

 
441,385

Less:  Income taxes
4,963

 
1,371

 
(329
)
 
977

Net income (loss)
746,771

 
367,315

 
14,522

 
440,408

Less: Net income attributable to noncontrolling interest
(151
)
 
(232
)
 
(102
)
 
(103
)
Less: Dividends on preferred stock (1)
32,334

 
30,355

 
23,473

 
23,473

Net income (loss) available (related) to common stockholders
$
714,588

 
$
337,192

 
$
(8,849
)
 
$
417,038

Net income (loss) available (related) per share to common stockholders:
 
 
 
 
 
 
 
Basic
$
0.62

 
$
0.31

 
$
(0.01
)
 
$
0.41

Diluted
$
0.62

 
$
0.31

 
$
(0.01
)
 
$
0.41

 
 
For the Quarters Ended
 
December 31, 2016
 
September 30,
2016
 
June 30,
2016
 
March 31,
2016
 
(dollars in thousands, expect per share data)
Interest income
$
807,022

 
$
558,668

 
$
457,118

 
$
388,143

Interest expense
183,396

 
174,154

 
152,755

 
147,447

Net interest income
623,626

 
384,514

 
304,363

 
240,696

Total realized and unrealized gains (losses)
1,250,636

 
412,906

 
(523,785
)
 
(1,055,553
)
Total other income (loss)
30,918

 
29,271

 
(9,930
)
 
(6,115
)
Less:  Total general and administrative expenses
55,453

 
97,737

 
49,221

 
47,945

Income (loss) before income taxes
1,849,727

 
728,954

 
(278,573
)
 
(868,917
)
Less:  Income taxes
1,244

 
(1,926
)
 
(76
)
 
(837
)
Net income (loss)
1,848,483

 
730,880

 
(278,497
)
 
(868,080
)
Less: Net income attributable to noncontrolling interest
(87
)
 
(336
)
 
(385
)
 
(162
)
Less: Dividends on preferred stock
23,473

 
22,803

 
17,992

 
17,992

Net income (loss) available (related) to common stockholders
$
1,825,097

 
$
708,413

 
$
(296,104
)
 
$
(885,910
)
Net income (loss) available (related) per share to common stockholders:
 
 
 
 
 
 
 
Basic
$
1.79

 
$
0.70

 
$
(0.32
)
 
$
(0.96
)
Diluted
$
1.79

 
$
0.70

 
$
(0.32
)
 
$
(0.96
)

(1) The quarter ended December 31, 2017 excludes, and the quarter ended September 30, 2017 includes, cumulative and undeclared dividends of $8.3 million on the Company's Series F Preferred Stock as of September 30, 2017.