Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS:
Pledged assets	$ 3,894,012	$ 3,540,002
Pledged assets	0	36,382
Pledged assets, available for sale	148,820	0
Cash and cash equivalents	171,893	205,651
Restricted cash	28,396	31,568
Accrued interest receivable	14,951	11,519
Derivative assets	6,420	40,172
Other assets	455	442
Total Assets	4,264,947	3,865,736
LIABILITIES:
Repurchase agreements	3,705,649	3,378,445
Payable for investment securities and TBA transactions	60,454	0
Dividends payable	6,222	5,908
Derivative liabilities	12,694	7,161
Accrued interest payable	7,939	9,209
Other liabilities	1,031	25,119
Total Liabilities	3,795,002	3,426,973
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued and outstanding as of December 31, 2023 and December 31, 2022	0	0
Common Stock, $0.01 par value; 100,000,000 shares authorized, 51,636,074 shares issued and outstanding as of December 31, 2023 and 36,764,983 shares issued and outstanding as of December 31, 2022	516	368
Additional paid-in capital	849,845	779,602
Accumulated deficit	(380,433)	(341,207)
Accumulated other comprehensive income	17	0
Total Stockholders' Equity	469,945	438,763
Total Liabilities and Stockholders' Equity	4,264,947	3,865,736
Related Party [Member]
LIABILITIES:
Due to affiliates	$ 1,013	$ 1,131