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Consolidated Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Portfolio Income      
Interest income $ 31,804,000us-gaap_InterestAndDividendIncomeOperating $ 9,199,000us-gaap_InterestAndDividendIncomeOperating $ 2,698,000us-gaap_InterestAndDividendIncomeOperating
Interest expense (3,031,000)us-gaap_RepurchaseAgreementsInterestExpenseAmount (1,126,000)us-gaap_RepurchaseAgreementsInterestExpenseAmount (277,000)us-gaap_RepurchaseAgreementsInterestExpenseAmount
Net interest income 28,773,000us-gaap_InterestIncomeExpenseNet 8,073,000us-gaap_InterestIncomeExpenseNet 2,421,000us-gaap_InterestIncomeExpenseNet
Realized gains (losses) on mortgage-backed securities 2,791,000orc_RealizedGainsOnInvestments (1,198,000)orc_RealizedGainsOnInvestments (308,000)orc_RealizedGainsOnInvestments
Unrealized gains (losses) on mortgage-backed securities 11,368,000orc_UnrealizedGainsOnInvestments (10,733,000)orc_UnrealizedGainsOnInvestments (806,000)orc_UnrealizedGainsOnInvestments
(Losses) gains on derivative instruments (13,925,000)us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet 4,828,000us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet (40,000)us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
Net portfolio income 29,007,000orc_NetPortfolioIncome 970,000orc_NetPortfolioIncome 1,267,000orc_NetPortfolioIncome
Expenses      
Management Fees 2,013,000orc_ManagementFees 664,000orc_ManagementFees 249,000orc_ManagementFees
Compensation and related benefits 500,000us-gaap_LaborAndRelatedExpense 0us-gaap_LaborAndRelatedExpense 0us-gaap_LaborAndRelatedExpense
Directors fees and liability insurance 569,000orc_DirectorsFeesAndLiabilityInsurance 290,000orc_DirectorsFeesAndLiabilityInsurance 0orc_DirectorsFeesAndLiabilityInsurance
Audit, legal and other professional fees 588,000us-gaap_ProfessionalFees 420,000us-gaap_ProfessionalFees 178,000us-gaap_ProfessionalFees
Direct REIT operating expenses 182,000orc_DirectReitOperatingExpenses 164,000orc_DirectReitOperatingExpenses 177,000orc_DirectReitOperatingExpenses
Other administrative 636,000us-gaap_OtherGeneralAndAdministrativeExpense 130,000us-gaap_OtherGeneralAndAdministrativeExpense 129,000us-gaap_OtherGeneralAndAdministrativeExpense
Total expenses 4,488,000us-gaap_SellingGeneralAndAdministrativeExpense 1,668,000us-gaap_SellingGeneralAndAdministrativeExpense 733,000us-gaap_SellingGeneralAndAdministrativeExpense
Net income (loss) $ 24,519,000us-gaap_ProfitLoss $ (698,000)us-gaap_ProfitLoss $ 534,000us-gaap_ProfitLoss
Basic and diluted net income (loss) per share      
Basic $ 2.48us-gaap_EarningsPerShareBasic $ (0.23)us-gaap_EarningsPerShareBasic $ 0.54us-gaap_EarningsPerShareBasic
Diluted $ 2.48us-gaap_EarningsPerShareDiluted $ (0.23)us-gaap_EarningsPerShareDiluted $ 0.54us-gaap_EarningsPerShareDiluted
Weighted Average Shares Outstanding      
Weighted Average Number Of Basic Shares Outstanding 9,890,058us-gaap_WeightedAverageNumberOfSharesIssuedBasic 3,011,912us-gaap_WeightedAverageNumberOfSharesIssuedBasic 981,665us-gaap_WeightedAverageNumberOfSharesIssuedBasic
Weighted Average Number Of Diluted Shares Outstanding 9,890,058us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 3,011,912us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 981,665us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding