Condensed Consolidated Statement of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest Income:
Agency Securities, net of amortization of premium		$ 4,626	$ 7,246	$ 15,102	$ 23,722
Non-Agency Securities, including discount accretion		3,389	2,478	9,106	7,190
Total Interest Income		8,015	9,724	24,208	30,912
Interest expense		(1,749)	(1,698)	(4,710)	(4,997)
Net Interest Income		6,266	8,026	19,498	25,915
Other Income (Loss):
Realized gain (loss) on sale of Agency Securities (reclassified from Other comprehensive income (loss))		797	(845)	5,065	7,931
Gain (loss) on Non-Agency Securities		(2,127)	1,571	1,149	2,692
Unrealized net gain and net interest income from Linked Transactions		0	1,145	0	8,604
Subtotal		(1,330)	1,871	6,214	19,227
Realized loss on derivatives	[1]	(703)	(3,131)	(4,071)	(9,334)
Unrealized gain (loss) on derivatives		(18,925)	1,293	(21,803)	(34,439)
Subtotal		(19,628)	(1,838)	(25,874)	(43,773)
Total Other Income (Loss)		(20,958)	33	(19,660)	(24,546)
Expenses:
Management fee		899	914	2,700	2,742
Professional fees		410	136	1,102	1,300
Insurance		101	112	298	333
Board compensation		179	179	536	536
Other		247	146	688	525
Total Expenses		1,836	1,487	5,324	5,436
Net Income (Loss)		$ (16,528)	$ 6,572	$ (5,486)	$ (4,067)
Net income (loss) per common share (in usd per share)		$ (1.39)	$ 0.55	$ (0.46)	$ (0.34)
Dividends declared per common share (in usd per share)		$ 0.27	$ 0.45	$ 0.90	$ 1.35
Weighted average common shares outstanding (in shares)		11,917	11,999	11,953	11,996

[1] Interest expense related to our interest rate swap contracts is recorded in realized loss on derivatives on the statements of operations. For additional information see Note 10 to the condensed consolidated financial statements.