QUARTERLY RESULTS - (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financia lInformation [TableTextBlock]

NOTE 15. QUARTERLY RESULTS (UNAUDITED)

The following is a presentation of the quarterly results of operations for the years ended December 31, 2020 and 2019.

(in thousands, except per share information)
	Quarter Ended
	March 31, 2020		June 30, 2020		September 30, 2020		December 31, 2020
Interest income	$	35,671	$	27,258	$	27,223	$	25,893
Interest expense		(16,523)		(4,479)		(2,043)		(2,011)
Net interest income		19,148		22,779		25,180		23,882
Losses (gains)		(108,206)		28,749		5,745		(4,605)
Net portfolio income (loss)		(89,058)		51,528		30,925		19,277
Expenses:
Management fees and overhead expenses		1,724		1,616		1,629		1,826
Other expenses		417		1,140		1,220		972
Total expenses		2,141		2,756		2,849		2,798
Net income (loss)	$	(91,199)	$	48,772	$	28,076	$	16,479

Basic net (loss) income per share	$	(1.41)	$	0.74	$	0.42	$	0.23
Diluted net (loss) income per share	$	(1.41)	$	0.73	$	0.42	$	0.23
Weighted Average Shares Outstanding		64,590		66,310		67,302		70,497
Dividends declared per share	$	0.240	$	0.165	$	0.190	$	0.195
	Quarter Ended
	March 31, 2019		June 30, 2019		September 30, 2019		December 31, 2019
Interest income	$	32,433	$	36,455	$	35,907	$	37,529
Interest expense		(18,892)		(22,431)		(22,321)		(20,022)
Net interest income		13,541		14,024		13,586		17,507
Losses		(748)		(7,670)		(19,431)		3,841
Net portfolio income (loss)		12,793		6,354		(5,845)		21,348
Expenses:
Management fees and overhead expenses		1,608		1,653		1,791		1,856
Other expenses		588		1,168		841		880
Total expenses		2,196		2,821		2,632		2,736
Net income (loss)	$	10,597	$	3,533	$	(8,477)	$	18,612
Basic and diluted net income (loss) per share	$	0.22	$	0.07	$	(0.14)	$	0.29
Weighted Average Shares Outstanding		48,905		52,601		60,419		63,124
Dividends declared per share	$	0.24	$	0.24	$	0.24	$	0.24