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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CONSOLIDATED STATEMENTS OF INCOME (Unaudited)    
Interest income $ 51,612 $ 33,525
Interest expense 33,387 19,437
Net interest income 18,225 14,088
Other revenue:    
Gain on sales, including fee-based services, net 18,193 19,171
Mortgage servicing rights 19,634 20,030
Servicing revenue, net 9,547 4,794
Property operating income 2,910 3,223
Other income, net 2,878 (886)
Total other revenue 53,162 46,332
Other expenses:    
Employee compensation and benefits 29,494 19,841
Selling and administrative 8,915 7,695
Property operating expenses 2,796 2,638
Depreciation and amortization 1,846 1,897
Impairment loss on real estate owned   1,200
Provision for loss sharing (net of recoveries) 473 1,679
Provision for loan losses (net of recoveries) 325 (696)
Management fee - related party   4,000
Total other expenses 43,849 38,254
Income before gain on extinguishment of debt, income from equity affiliates and income taxes 27,538 22,166
Gain on extinguishment of debt   7,116
Income from equity affiliates 746 763
Benefit from (provision for) income taxes 8,784 (6,101)
Net income 37,068 23,944
Preferred stock dividends 1,888 1,888
Net income attributable to noncontrolling interest 8,991 6,442
Net income attributable to common stockholders $ 26,189 $ 15,614
Basic earnings per common share (in dollars per share) $ 0.42 $ 0.30
Diluted earnings per common share (in dollars per share) $ 0.42 $ 0.30
Weighted average shares outstanding:    
Basic (in shares) 61,842,336 51,461,156
Diluted (in shares) 84,699,735 73,730,068
Dividends declared per common share (in dollars per share) $ 0.21 $ 0.17