QUARTERLY RESULTS - (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financia lInformation [TableTextBlock]

NOTE 14. 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