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Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Portfolio Income        
Interest income $ 2,479,678 $ 1,084,653 $ 4,005,840 $ 2,323,237
Interest expense 360,853 108,256 607,559 181,639
Net interest income, before interest on junior subordinated notes 2,118,825 976,397 3,398,281 2,141,598
Interest expense on junior subordinated notes 248,367 261,094 495,565 526,184
Net interest income 1,870,458 715,303 2,902,716 1,615,414
Unrealized losses on mortgage-backed securities (10,412,972) (1,450,740) (10,885,051) (1,720,031)
Realized (losses) gains on mortgage-backed securities (933,940) 197,373 (873,987) 170,385
Gains (losses) on Eurodollar futures 7,071,631 (263,000) 6,596,069 (425,338)
Net portfolio income (2,404,823) (801,064) (2,260,253) (359,570)
Other income:        
Gains (losses) on retained interests in securitizations (229,647) 1,773,935 1,755,179 3,467,427
Other income (expense) 3,031,023 (22,973) 3,028,544 (22,799)
Total other income 2,801,376 1,750,962 4,783,723 3,444,628
Expenses        
Compensation and related benefits 421,727 411,960 852,971 839,372
Directors fees and liability insurance 222,305 130,325 390,707 273,894
Orchid Island Capital, Inc. IPO expenses 546 0 3,042,322 0
Audit, legal and other professional fees 366,226 291,007 722,942 707,307
Direct REIT operating expenses 98,767 136,843 233,672 272,378
Other administrative 177,989 170,991 381,628 344,339
Total expenses 1,287,560 1,141,126 5,624,242 2,437,290
Net (loss) income (891,007) (191,228) (3,100,772) 647,768
Less: Loss attributable to noncontrolling interests (1,091,947) 0 (530,963) 0
Net (Loss) Income attributable to Bimini Capital stockholders $ 200,940 $ (191,228) $ (2,569,809) $ 647,768
[CommonClassAMember]
       
Basic and Diluted Net (loss) income Per Share of:        
Basic $ 0.02 $ (0.02) $ (0.24) $ 0.06
Diluted $ 0.02 $ (0.02) $ (0.24) $ 0.06
Weighted Average Shares Outstanding        
Weighted Average Number Of Basic Shares Outstanding 10,984,756 10,252,672 10,626,491 10,550,853
Weighted Average Number Of Diluted Shares Outstanding 10,984,756 10,252,672 10,626,491 10,550,853
[CommonClassBMember]
       
Basic and Diluted Net (loss) income Per Share of:        
Basic $ 0.02 $ (0.02) $ (0.24) $ 0.06
Diluted $ 0.02 $ (0.02) $ (0.24) $ 0.06
Weighted Average Shares Outstanding        
Weighted Average Number Of Basic Shares Outstanding 31,938 31,938 31,938 31,938
Weighted Average Number Of Diluted Shares Outstanding 31,938 31,938 31,938 31,938