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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Preferred Stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2012 $ 322,006 $ 496 $ 0 $ 355,006 $ (51,584) $ 18,088
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 68,955       68,955  
Stock issuances, net 101,104 145   100,959    
Preferred Stock issuance, net 72,397   72,397      
Dividends declared on common stock (65,213)     (51,410) (13,803)  
Dividends declared on preferred stock (3,568)       (3,568)  
Reclassification adjustment for net gain included in net income 0          
(Decrease) increase in net unrealized gain on available for sale securities (18,800)         (18,800)
Increase (decrease) in fair value of derivative instruments utilized for cash flow hedges 3,785         3,785
Ending balance at Dec. 31, 2013 480,666 641 72,397 404,555 0 3,073
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 136,191       136,191  
Stock issuances, net 297,726 410   297,316    
Dividends declared on common stock (97,786)       (97,786)  
Dividends declared on preferred stock (5,812)       (5,812)  
Reclassification adjustment for net gain included in net income (13,033)         (13,033)
(Decrease) increase in net unrealized gain on available for sale securities 20,881         20,881
Increase (decrease) in fair value of derivative instruments utilized for cash flow hedges (906)         (906)
Ending balance at Dec. 31, 2014 817,927 1,051 72,397 701,871 32,593 10,015
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 78,013       78,013  
Stock issuances, net 119,644 43 86,862 32,739    
Dividends declared on common stock (111,199)       (111,199)  
Dividends declared on preferred stock (10,990)       (10,990)  
Reclassification adjustment for net gain included in net income (9,063)         (9,063)
(Decrease) increase in net unrealized gain on available for sale securities (2,975)         (2,975)
Increase (decrease) in fair value of derivative instruments utilized for cash flow hedges (831)         (831)
Ending balance at Dec. 31, 2015 $ 880,526 $ 1,094 $ 159,259 $ 734,610 $ (11,583) $ (2,854)