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Summarized Quarterly Results (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
The following is a presentation of the results of operations for the quarters ended December 31, 2017, September 30, 2017, June 30, 2017 and March 31, 2017.

 
For the Quarter Ended
 
December 31, 2017
September 30, 2017
June 30, 2017
March 31, 2017
 
(dollars in thousands, except per share data)
Net Interest Income:
 

 
 
Interest income
$
301,957

$
296,813

$
288,644

$
251,344

Interest expense
144,204

140,358

137,955

110,231

Net interest income
157,753

156,455

150,689

141,113

Other-than-temporary impairments:
 

 

 

 

Total other-than-temporary impairment losses
(923
)
(784
)
(749
)
(2,713
)
Portion of loss recognized in other comprehensive income
(17,256
)
(10,684
)
(12,760
)
(15,988
)
Net other-than-temporary credit impairment losses
(18,179
)
(11,468
)
(13,509
)
(18,701
)
Net gains (losses) on derivatives
31,108

1,363

(21,822
)
(4,462
)
Net unrealized gains (losses) on financial instruments at fair value
(47,637
)
19,042

67,762

72,243

Net realized gains (losses) on sales of investments
(586
)
1

4,541

5,167

Gain (loss) on Extinguishment of Debt
12,742

(1
)
(48,014
)
—

Total other expenses
27,657

26,142

24,491

32,537

Net income (loss)
$
107,608

$
139,232

$
115,017

$
162,807

Dividend on preferred stock
$
9,400

$
9,400

$
9,400

$
5,283

Net income (loss) available to common shareholders
$
98,208

$
129,832

$
105,617

$
157,524

Net income per common share-basic
$
0.52

$
0.69

$
0.56

$
0.84


The following is a presentation of the results of operations for the quarters ended December 31, 2016, September 30, 2016, June 30, 2016 and March 31, 2016.
 
For the Quarter Ended
 
December 31, 2016
September 30, 2016
June 30, 2016
March 31, 2016
 
(dollars in thousands, except per share data)
Net Interest Income:
 

 
 
Interest income
$
260,823

$
250,953

$
221,096

$
201,194

Interest expense
106,737

94,911

83,227

62,981

Net interest income
154,086

156,042

137,869

138,213

Other-than-temporary impairments:
 



 

 

Total other-than-temporary impairment losses
(1,034
)
(993
)
(3,129
)
(4,423
)
Portion of loss recognized in other comprehensive income
(13,746
)
(10,581
)
(17,816
)
(6,255
)
Net other-than-temporary credit impairment losses
(14,780
)
(11,574
)
(20,955
)
(10,678
)
Net gains (losses) on derivatives
115,523

13,360

(47,755
)
(136,537
)
Net unrealized gains (losses) on financial instruments at fair value
(20,664
)
32,999

30,347

16,871

Net realized gains (losses) on sales of investments
11,121

3,079

6,631

(2,674
)
Gain (loss) on Extinguishment of Debt
1,334

(45
)
—

(1,766
)
Other Income
—

—

—

95,000

Total other expenses
24,698

21,031

31,987

15,302

Net income (loss)
$
221,903

$
172,817

$
74,127

$
83,098

Dividend on preferred stock
$
2,449

$
—

$
—

$
—

Net income (loss) available to common shareholders
$
219,454

$
172,817

$
74,127

$
83,098

Net income per common share-basic
$
1.17

$
0.92

$
0.39

$
0.44