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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Cash and cash equivalents $ 328,455 $ 269,090
Non-Agency RMBS, at fair value (net of allowance for credit losses of $122 thousand and $180 thousand, respectively) 1,890,030 2,150,714
Agency RMBS, at fair value 65,889 90,738
Agency CMBS, at fair value 1,062,131 1,740,368
Loans held for investment, at fair value 12,533,864 13,112,129
Accrued interest receivable 74,011 81,158
Other assets 49,844 78,822
Total assets [1] 16,004,224 17,523,019
Liabilities:    
Secured financing agreements ($5.0 billion and $6.7 billion pledged as collateral, respectively) 3,788,336 4,636,847
Securitized debt, collateralized by Non-Agency RMBS ($424 million and $505 million pledged as collateral, respectively) 92,204 113,433
Securitized debt at fair value, collateralized by Loans held for investment ($11.3 billion and $12.4 billion pledged as collateral, respectively) 7,947,644 8,711,677
Long term debt 0 51,623
Payable for investments purchased 192,552 106,169
Accrued interest payable 20,388 40,950
Dividends payable 85,255 77,213
Accounts payable and other liabilities 29,297 5,721
Total liabilities [1] 12,155,676 13,743,633
Commitments and Contingencies (See Note 16)
Stockholders' Equity:    
Common stock: par value $0.01 per share; 500,000,000 shares authorized, 232,190,087 and 187,226,081 shares issued and outstanding, respectively 2,369 2,306
Additional paid-in-capital 4,357,526 4,538,029
Accumulated other comprehensive income 438,915 558,096
Cumulative earnings 4,534,274 3,881,894
Cumulative distributions to stockholders (5,484,908) (5,201,311)
Total stockholders' equity 3,848,548 3,779,386
Total liabilities and stockholders' equity 16,004,224 17,523,019
Series A Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: 58 58
Series B Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: 130 130
Series C Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: 104 104
Series D Preferred Stock    
Stockholders' Equity:    
Preferred Stock, par value of $0.01 per share, 100,000,000 shares authorized: $ 80 $ 80
[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 September 30, 2021, and December 31, 2020, total assets of consolidated VIEs were $10,865,801 and $12,165,017, respectively, and total liabilities of consolidated VIEs were $7,400,498 and $8,063,110, respectively. See Note 9 for further discussion.