CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
CONSOLIDATED STATEMENTS OF INCOME
Interest income	$ 73,371	$ 69,551
Interest expense	(50,761)	(46,930)
Net interest income before provision for loan losses	22,610	22,621
Provision for (recovery of) loan losses	8	(39,804)
Net interest income after provision for (recovery of) loan losses	22,618	(17,183)
Non-interest income
Residential mortgage banking activities	41,409	36,669
Net realized gains on financial instruments and real estate owned	8,846	7,172
Net unrealized gain (loss) on financial instruments	20,996	(33,434)
Servicing income, net of amortization and impairment of $1,942 and $1,725	15,635	8,097
Income on purchased future receivables, net of allowance for doubtful accounts of $995 and $6,917	2,317	3,483
Income (loss) on unconsolidated joint ventures	(809)	(3,537)
Other income	571	4,073
Total non-interest income (loss)	88,965	22,523
Non-interest expense
Employee compensation and benefits	(22,777)	(18,936)
Allocated employee compensation and benefits from related party	(2,123)	(1,250)
Variable expenses on residential mortgage banking activities	(15,485)	(20,129)
Professional fees	(2,982)	(2,556)
Management fees - related party	(2,693)	(2,561)
Loan servicing expense	(6,104)	(5,570)
Merger related expenses	(6,307)	(47)
Other operating expenses	(15,484)	(13,744)
Total non-interest expense	(73,955)	(64,793)
Income (loss) before provision for income taxes	37,628	(59,453)
Income tax (provision) benefit	(8,681)	7,937
Net income (loss)	28,947	(51,516)
Less: Dividends on preferred stock	281
Less: Net income (loss) attributable to non-controlling interest	659	(1,064)
Net income (loss) attributable to Ready Capital Corporation	$ 28,007	$ (50,452)
Earnings (loss) per basic common share
Earnings (loss) per common share - basic	$ 0.49	$ (0.98)
Earnings (loss) per diluted common share
Earnings (loss) per common share - basic	0.49	(0.98)
Earnings (loss) per common share - diluted	$ 0.49	$ (0.98)
Weighted-average shares outstanding
Basic	56,817,632	51,984,040
Diluted	56,843,448	51,990,013
Dividends declared per share of common stock	$ 0.40	$ 0.40