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Summarized Quarterly Results (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2024
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
The following is a presentation of the results of operations for the quarters ended December 31, 2024, September 30, 2024, June 30, 2024 and March 31, 2024.
 For the Quarters Ended
 December 31, 2024September 30, 2024June 30, 2024March 31, 2024
 (dollars in thousands, except per share data)
Net Interest Income:   
Interest income$192,364 $195,295 $186,717 $186,574 
Interest expense126,540 128,844 119,422 121,468 
Net interest income65,824 66,451 67,295 65,106 
Increase/(decrease) in provision for credit losses4,448 358 3,684 1,347 
Other income (losses):
Net unrealized gains (losses) on derivatives276 (14,457)11,955 5,189 
Realized gains (losses) on terminations of interest rate swaps641 (4,864)(17,317)— 
Periodic interest cost of swaps, net4,542 6,789 6,971 5,476 
Net gains (losses) on derivatives5,459 (12,532)1,609 10,665 
Investment management and advisory fees2,710 — — — 
Net unrealized gains (losses) on financial instruments at fair value(181,197)104,012 11,231 76,765 
Net realized gains (losses) on sales of investments(1,468)— — (3,750)
Gain (loss) on Extinguishment of Debt— — — — 
Other Investment Gains2,490 1,366 1,001 4,686 
Total other income (losses)(172,005)92,846 13,841 88,366 
Compensation and benefits17,936 7,203 7,011 9,213 
General and administrative expenses5,597 5,610 6,276 5,720 
Servicing and asset manager fees7,328 7,334 7,470 7,663 
Amortization of intangibles and depreciation expenses321 — — — 
Transaction expenses4,707 2,317 — 67 
Total other expenses35,890 22,464 20,757 22,663 
Net income (loss)$(146,514)$136,459 $56,664 $129,454 
Dividend on preferred stock$21,761 $22,787 $22,751 $18,438 
Net income (loss) available to common shareholders$(168,275)$113,672 $33,913 $111,016 
Net income (loss) per common share-basic$(2.07)$1.41 $0.42 $1.37 

The following is a presentation of the results of operations for the quarters ended December 31, 2024, September 30, 2024, June 30, 2024 and March 31, 2024.
 For the Quarters Ended
 December 31, 2023September 30, 2023June 30, 2023March 31, 2023
 (dollars in thousands, except per share data)
Net Interest Income:   
Interest income$191,204 $195,591 $196,859 $189,250 
Interest expense126,553 132,193 131,181 119,615 
Net interest income64,651 63,398 65,678 69,635 
Increase/(decrease) in provision for credit losses2,330 3,217 2,762 3,062 
Other income (losses):
Net unrealized gains (losses) on derivatives(15,871)17 17,994 (8,551)
Realized gains (losses) on terminations of interest rate swaps— — (6,822)(34,134)
Periodic interest cost of swaps, net5,296 4,894 4,159 2,819 
Net gains (losses) on derivatives(10,575)4,911 15,331 (39,866)
Net unrealized gains (losses) on financial instruments at fair value6,815 (43,988)6,954 64,592 
Net realized gains (losses) on sales of investments(3,752)(460)(21,758)(5,264)
Gain (loss) on Extinguishment of Debt(2,473)— 4,039 2,309 
Other Investment Gains(986)2,381 (421)117 
Total other income (losses)(10,971)(37,156)4,145 21,888 
Compensation and benefits5,278 7,124 7,677 10,491 
General and administrative expenses7,443 5,427 6,471 5,778 
Servicing and asset manager fees7,659 8,139 8,408 8,417 
Transaction expenses425 90 8,456 6,409 
Total other expenses20,805 20,780 31,012 31,095 
Net income (loss)$30,542 $2,170 $36,024 $57,366 
Dividend on preferred stock$18,438 $18,438 $18,438 $18,438 
Net income (loss) available to common shareholders$12,104 $(16,268)$17,586 $38,928 
Net income (loss) per common share-basic$0.16 $(0.22)$0.23 $0.50