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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets:    
Cash and cash equivalents $ 177,714 $ 114,062
Non-Agency RMBS, at fair value 3,330,063 3,675,841
Agency MBS, at fair value 4,167,754 6,514,824
Securitized loans held for investment, at fair value 8,753,653 4,768,416
Accrued interest receivable 79,697 66,247
Other assets 166,350 189,796
Derivatives, at fair value, net 9,677 15,460
Total assets [1] 16,684,908 15,344,646
Liabilities:    
Repurchase agreements, MBS ($7.0 billion and $8.8 billion pledged as collateral, respectively) 5,600,903 7,439,339
Securitized debt, collateralized by Non-Agency RMBS ($1.8 billion and $2.1 billion pledged as collateral, respectively) 334,124 529,415
Securitized debt at fair value, collateralized by loans held for investment ($8.8 billion and $4.8 billion pledged as collateral, respectively) 6,941,097 3,720,496
Payable for investments purchased 520,532 560,641
Accrued interest payable 48,670 37,432
Dividends payable 97,005 90,097
Accounts payable and other liabilities 16,694 11,404
Derivatives, at fair value 2,350 9,634
Total liabilities [1] 13,561,375 12,398,458
Commitments and Contingencies (See Note 15)
Stockholders' Equity:    
Preferred Stock: par value $0.01 per share; 8% Series A cumulative redeemable; 100,000,000 shares authorized, 5,800,000 and 0 shares issued and outstanding, respectively ($145,000 liquidation preference) 58 0
Common stock: par value $0.01 per share; 300,000,000 shares authorized, 187,739,634 and 187,711,868 shares issued and outstanding, respectively 1,877 1,877
Additional paid-in-capital 3,508,779 3,366,568
Accumulated other comprehensive income 718,106 773,791
Cumulative earnings 2,443,184 1,891,239
Cumulative distributions to stockholders (3,548,471) (3,087,287)
Total stockholders' equity 3,123,533 2,946,188
Total liabilities and stockholders' equity $ 16,684,908 $ 15,344,646
[1] The Company's consolidated statements of financial condition include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations and liabilities of the VIE for which creditors do not have recourse to the primary beneficiary (Chimera Investment Corporation). As of December 31, 2016 and December 31, 2015, total assets of consolidated VIEs were $10,761,954 and $7,031,278, respectively, and total liabilities of consolidated VIEs were $7,300,163 and $4,262,017, respectively. See Note 8 for further discussion.