The following table is a comparative breakdown of our unaudited quarterly results for the immediately preceding eight quarters (amounts in thousands, except per share data):



	Three Months Ended
	Mar 31, 2015			Jun 30, 2015			Sep 30, 2015			Dec 31, 2015
Interest income	$	88,985		$	84,400		$	82,587		$	80,866
Interest expense	67,384			64,097			64,295			64,875
Net interest income	21,601			20,303			18,292			15,991
Other Income (loss):
Recovery (provision) for loan losses	(436		)	(112		)	(1,117		)	302
Realized gain(loss) on investment securities and related hedges, net	1,124			(1,291		)	(2,895		)	(1,555		)
Gain on de-consolidation of multi-family loans held in securitization trust and multi-family collateralized debt obligations	1,483			—			—			—
Realized gain(loss) on distressed residential mortgage loans	676			3,614			27,224			(263		)
Unrealized (loss)gain on investment securities and related hedges, net	(5,728		)	4,716			(2,631		)	1,002
Unrealized gain(loss) on multi-family loans and debt held in securitization trusts, net	13,628			5,418			(2,170		)	(4,508		)
Other income	2,286			2,300			1,807			2,967
Total other income (loss)	13,033			14,645			20,218			(2,055		)
General, administrative and other expenses	10,846			9,139			9,830			9,665
Income from operations before income taxes	23,788			25,809			28,680			4,271
Income tax expense	245			1,178			3,048			64
Net income	23,543			24,631			25,632			4,207
Preferred Stock Dividends	(1,453		)	(3,087		)	(3,225		)	(3,225		)
Net income attributable to common stockholders	$	22,090		$	21,544		$	22,407		$	982
Per share basic income	$	0.21		$	0.20		$	0.20		$	0.01
Per share diluted income	$	0.21		$	0.20		$	0.20		$	0.01
Dividends declared per common share	$	0.27		$	0.27		$	0.24		$	0.24
Weighted average shares outstanding-basic	105,488			109,252			109,402			109,402
Weighted average shares outstanding-diluted	105,488			109,252			109,402			109,402



	Three Months Ended
	Mar 31, 2014			Jun 30, 2014			Sep 30, 2014			Dec 31, 2014
Interest income	$	95,238		$	95,548		$	94,937		$	93,124
Interest expense	75,413			75,665			75,617			74,315
Net interest income	19,825			19,883			19,320			18,809
Other Income:
Provision for loan losses	(489		)	(663		)	(82		)	(705		)
Realized gain (loss) on investment securities and related hedges, net	2,039			1,325			17,055			21,672
Realized gain on distressed residential mortgage loans	8,225			418			834			4,903
Unrealized gain (loss) on investment securities and related hedges, net	(1,736		)	(1,291		)	(1,020		)	(3,620		)
Unrealized gain on multi-family loans and debt held in securitization trusts, net	4,926			20,019			18,115			13,871
Loss on extinguishment of debt	—			—			(3,397		)	—
Other income	510			203			1,613			2,483
Total other income	13,475			20,011			33,118			38,604
General, administrative and other expenses	7,559			7,577			11,613			13,710
Income from operations before income taxes	25,741			32,317			40,825			43,703
Income tax expense	3,030			538			1,100			1,727
Net income	22,711			31,779			39,725			41,976
Preferred Stock Dividends	(1,453		)	(1,453		)	(1,453		)	(1,453		)
Net income attributable to common stockholders	$	21,258		$	30,326		$	38,272		$	40,523
Per share basic income	$	0.29		$	0.34		$	0.42		$	0.42
Per share diluted income	$	0.29		$	0.34		$	0.42		$	0.42
Dividends declared per common share	$	0.27		$	0.27		$	0.27		$	0.27
Weighted average shares outstanding-basic	74,505			89,686			90,685			96,323
Weighted average shares outstanding-diluted	74,505			89,686			90,685			96,323