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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 138,975 $ 67,928
Restricted cash 47,697 51,728
Loans, net (including $88,726 and $20,212 held at fair value) 1,625,555 1,727,984
Mortgage backed securities, at fair value 88,011 92,466
Loans eligible for repurchase from Ginnie Mae 250,132 77,953
Investment in unconsolidated joint ventures 79,509 58,850
Purchased future receivables, net 17,308 43,265
Derivative instruments 16,363 2,814
Servicing rights (including $76,840 and $91,174 held at fair value) 114,663 121,969
Other assets 89,503 106,925
Total Assets 5,372,095 4,977,018
Liabilities    
Secured borrowings 1,370,519 1,189,392
Convertible notes, net 112,129 111,040
Senior secured notes, net 179,659 179,289
Corporate debt, net 150,989 149,986
Guaranteed loan financing 401,705 485,461
Liabilities for loans eligible for repurchase from Ginnie Mae 250,132 77,953
Derivative instruments 11,604 5,250
Dividends payable 19,746 21,302
Accounts payable and other accrued liabilities 135,655 97,407
Total Liabilities 4,537,887 4,132,234
Stockholders' Equity    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 54,368,999 and 51,127,326 shares issued and outstanding, respectively 5 5
Additional paid-in capital 849,541 822,837
Retained earnings (deficit) (24,203) 8,746
Accumulated other comprehensive loss (9,947) (6,176)
Total Ready Capital Corporation equity 815,396 825,412
Non-controlling interests 18,812 19,372
Total Stockholders' Equity 834,208 844,784
Total Liabilities and Stockholders' Equity 5,372,095 4,977,018
Consolidated Excluding VIEs    
Assets    
Cash and cash equivalents 138,975 67,928
Restricted cash 47,697 51,728
Loans, net (including $88,726 and $20,212 held at fair value) 1,625,555 1,727,984
Loans, held-for-sale, at fair value 340,288 188,077
Real estate, held for sale 45,348 58,573
Other assets 89,503 106,925
Consolidated VIEs    
Assets    
Total Assets 2,518,743 2,378,486
Liabilities    
Secured borrowings $ 1,905,749 $ 1,815,154