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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Series A Preferred Stock Shares Outstanding
Series C Preferred Stock Shares Outstanding
Series A Preferred Stock
Series C Preferred Stock
Series B Preferred Stock
Common Stock Shares Outstanding
Common Stock
Additional Paid-In Capital
Accum. Other Comp. Income (Loss) Agency MBS
Accum. Other Comp. Income (Loss) Non-Agency MBS
Accum. Other Comp. (Loss) Derivatives
Accum. (Deficit)
Accum. (Deficit)
Series A Preferred Stock
Accum. (Deficit)
Series C Preferred Stock
Accum. (Deficit)
Series B Preferred Stock
Beginning Balance at Dec. 31, 2013 $ 878,262     $ 46,537       $ 1,387 $ 1,185,369 $ (58,725) $ 79 $ (33,362) $ (263,023)      
Beginning Balance (in shares) at Dec. 31, 2013   1,919         138,717                  
Issuance of common stock 1,372             3 1,369              
Issuance of common stock (in shares)             295                  
Redemption of common stock (150,174)             (290) (149,884)              
Redemption of common stock (in shares)             (29,040)                  
Other comprehensive income, fair value adjustments and reclassifications 77,027                 90,321 (74) (13,220)        
Net income 28,619                       28,619      
Shares repurchased pending retirement (3,936)               (3,936)              
Shares repurchased pending retirement (in shares)             (738)                  
Amortization of restricted stock 97               97              
Dividend declared       (4,139)   $ (1,577)               $ (4,139)   $ (1,577)
Dividend declared per common share (68,034)                       (68,034)      
Ending Balance at Dec. 31, 2014 757,517     46,537       1,100 1,033,015 31,596 5 (46,582) (308,154)      
Ending Balance (in shares) at Dec. 31, 2014   1,919         109,234                  
Issuance of Preferred Stock 10,039       $ 10,039                      
Issuance of Preferred Stock (in shares)     434                          
Issuance of common stock 1,112             2 1,110              
Issuance of common stock (in shares)             224                  
Redemption of common stock (52,702)             (111) (52,591)              
Redemption of common stock (in shares)             (10,381)                  
Other comprehensive income, fair value adjustments and reclassifications 15,930                 (8,453) 2,358 22,025        
Net income 14,704                       14,704      
Shares repurchased pending retirement (597)               (597)              
Shares repurchased pending retirement (in shares)             (133)                  
Amortization of restricted stock 97               97              
Dividend declared       (4,140) (723) (1,577)               (4,140) $ (723) (1,577)
Dividend declared per common share (61,433)                       (61,433)      
Ending Balance at Dec. 31, 2015 678,227     46,537 10,039     991 981,034 23,143 2,363 (24,557) (361,323)      
Ending Balance (in shares) at Dec. 31, 2015   1,919 434       98,944                  
Issuance of Preferred Stock 1,282       1,282                      
Issuance of Preferred Stock (in shares)     52                          
Issuance of common stock 1,116             2 1,114              
Issuance of common stock (in shares)             235                  
Redemption of common stock (15,807)             (36) (15,771)              
Redemption of common stock (in shares)             (3,461)                  
Other comprehensive income, fair value adjustments and reclassifications 7,699                 1,726 (827) 6,800        
Net income 22,493                       22,493      
Amortization of restricted stock 337               337              
Dividend declared       (4,139) (867) $ (1,577)               $ (4,139) $ (867) $ (1,577)
Dividend declared per common share (57,666)                       (57,666)      
Ending Balance at Dec. 31, 2016 $ 631,098     $ 46,537 $ 11,321     $ 957 $ 966,714 $ 24,869 $ 1,536 $ (17,757) $ (403,079)      
Ending Balance (in shares) at Dec. 31, 2016   1,919 486       95,718