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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Interest income $ 33,364 $ 30,704
Interest expense (12,013) (12,139)
Net interest margin 21,351 18,565
Revenue from real estate owned 2,672 2,658
Total revenue 24,023 21,223
Expenses:    
Management and incentive fees to affiliate 2,974 2,567
Professional fees 778 785
General and administrative expenses 1,613 1,157
General and administrative expenses reimbursed to affiliate 834 752
Expenses from real estate owned 4,309 3,277
Total expenses 10,508 8,538
Provision for current expected credit losses (594) (3,240)
Gain on sale of real estate owned 2,197 0
Income before income taxes 16,306 15,925
Income tax expense, including excise tax 105 185
Net income attributable to common stockholders $ 16,201 $ 15,740
Earnings per common share:    
Basic earnings (loss) per common share (in dollars per share) $ 0.34 $ 0.46
Diluted earnings (loss) per common share (in dollars per share) $ 0.34 $ 0.45
Weighted average number of common shares outstanding:    
Basic weighted average shares of common stock outstanding (in shares) 47,204,397 34,417,040
Diluted weighted average shares of common stock outstanding (in shares) 47,654,549 34,720,950
Dividends declared per share of common stock (in dollars per share) $ 0.35 $ 0.35