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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Comprehensive income (loss):      
Net income (loss) $ 176,065 $ 126,104 $ (513,066)
Other comprehensive income:      
Unrealized gains (losses) on available-for-sale securities, net (26,219) (44,990) (175,709)
Reclassification adjustment for net realized losses (gains) included in net income 0 1,313 0
Other comprehensive income (loss) (26,219) (43,677) (175,709)
Comprehensive income (loss) before preferred stock dividends 149,846 82,427 (688,775)
Dividends on preferred stock 85,736 73,750 73,765
Comprehensive income (loss) available to common stock shareholders $ 64,110 $ 8,677 $ (762,540)