For the year ended December 31, 2019 (in thousands, except per share amounts):


	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
Interest and other income:
Interest-Agency MBS	$	25,711	$	24,137	$	20,335	$	19,990
Interest-Non-Agency MBS		10,466		9,659		9,299		8,614
Interest-residential mortgage loans		5,368		5,259		5,049		4,767
Interest-residential mortgage loans held-for-securitization		86		1,036		1,574		1,618
Other interest income		19		20		679		253
		41,650		40,111		36,936		35,242
Interest expense:
Interest expense on repurchase agreements		27,136		25,979		21,132		18,489
Interest expense on asset-backed securities		5,200		5,091		4,880		4,600
Interest expense of warehouse line of credit		234		1,057		1,381		1,477
Interest expense on junior subordinated notes		547		542		520		492
		33,117		32,669		27,913		25,058
Net interest income		8,533		7,442		9,023		10,184
Total operating expenses		(3,046)		(3,113)		(3,258)		(3,263)
Other (loss) income:
Income-rental properties		436		453		469		441
Realized net (loss) gain on sale of available-for-sale MBS		(6,147)		444		214		1,338
Realized net (loss) gain on sale of Agency MBS held as trading investments		(7,363)		234		—		1,342
Impairment charge on Non-Agency MBS		—		(606)		(1,145)		(357)
Unrealized (loss) gain on Agency MBS held as trading investments		14,906		989		1,939		(798)
Gain on sales of residential properties		—		—		—		31
Gain (loss) on derivatives, net		(27,289)		(53,543)		(24,734)		20,824
Total other (loss) income		(25,457)		(52,029)		(23,257)		22,821
Net (loss) income	$	(19,970)	$	(47,700)	$	(17,492)	$	29,742
Dividends on preferred stock		(2,297)		(2,297)		(2,297)		(2,297)
Net (loss) income to common stockholders	$	(22,267)	$	(49,997)	$	(19,789)	$	27,445
Basic (loss) earnings per common share	$	(0.23)	$	(0.51)	$	(0.20)	$	0.28
Diluted (loss) earnings per common share	$	(0.23)	$	(0.51)	$	(0.20)	$	0.27
Basic weighted average number of shares outstanding		98,537		98,635		98,739		98,823
Diluted weighted average number of shares outstanding		98,537		98,635		98,739		103,141

For the year ended December 31, 2018 (in thousands, except per share amounts):


	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter
Interest and other income:
Interest-Agency MBS	$	24,044	$	24,814	$	23,578	$	23,208
Interest-Non-Agency MBS		10,021		9,902		10,377		10,445
Interest-residential mortgage loans		6,238		5,955		5,750		5,519
Other interest income		28		44		20		29
		40,331		40,715		39,725		39,201
Interest expense:
Interest expense on repurchase agreements		19,093		22,028		24,027		25,362
Interest expense on asset-backed securities		6,070		5,797		5,581		5,351
Interest expense on junior subordinated notes		447		504		519		526
		25,610		28,329		30,127		31,239
Net interest income		14,721		12,386		9,598		7,962
Total operating expenses		(3,233)		(3,395)		(3,199)		(3,675)
Other (loss) income:
Income-rental properties		451		445		436		428
(Loss) gain on sale of MBS		(11,987)		—		799		(999)
Realized gain (loss) on Agency MBS held as trading investments		(7,327)		—		(231)		(3,871)
Impairment charge on Non-Agency MBS		—		(1,757)		(141)		(971)
Unrealized loss on sales of Agency MBS held as trading investments		(8,890)		(2,677)		(3,017)		9,674
Gain (loss) on sales of residential properties		—		—		30		23
Gain (loss) on derivatives, net		13,412		9,930		13,090		(44,504)
Recovery on Non-Agency MBS		—		1		—		—
Total other (loss) income	$	(14,341)		5,942		10,966		(40,220)
Net (loss) income		(2,853)	$	14,933	$	17,365	$	(35,933)
Dividends on preferred stock	$	(2,297)		(2,297)		(2,297)		(2,297)
Net income to common stockholders	$	(5,150)	$	12,636	$	15,068	$	(38,230)
Basic (loss) earnings per common share	$	(0.05)	$	0.13	$	0.15	$	(0.39)
Diluted (loss) earnings per common share	$	(0.05)	$	0.13	$	0.15	$	(0.39)
Basic weighted average number of shares outstanding		98,185		98,271		98,353		98,444
Diluted weighted average number of shares outstanding		98,185		102,205		102,331		98,444