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QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly consolidated financial data
The following summarizes the combined consolidated quarterly financial information for the Company ($ in thousands except per share and dividend amounts):
 
 
Q4 2015
 
Q3 2015
 
Q2 2015
 
Q1 2015
 
 
 
 
 
 
 
 
 
Interest income
 
$
62,903

 
$
63,013

 
$
59,239

 
$
56,384

Net interest income after provision for loan losses
 
33,297

 
33,328

 
31,602

 
29,409

Other income
 
72,183

(1)
7,549

 
86,452

 
35,037

Costs and expenses
 
38,347

 
42,260

 
44,180

 
43,379

Income (loss) before taxes
 
67,133

 
(1,383
)
 
73,874

 
21,067

Income tax expense (benefit)
 
10,457

 
(4,181
)
 
5,177

 
3,104

Net income
 
56,676

 
2,798

 
68,697

 
17,963

Net (income) loss attributable to noncontrolling interest in consolidated joint ventures
 
(2,146
)
 
85

 
684

 
(191
)
Net (income) loss attributable to noncontrolling interest in operating partnership
 
(27,407
)
 
430

 
(35,171
)
 
(8,597
)
Net income attributable to Class A common shareholders
 
$
27,123

 
$
3,313

 
$
34,210

 
$
9,175

 
 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.51

 
$
0.06

 
$
0.68

 
$
0.18

Diluted
 
$
0.50

 
$
0.06

 
$
0.67

 
$
0.15

 
 
 
 
 
 
 
 
 
Dividends per share of common stock
 
$
1.450

 
$
0.275

 
$
0.250

 
$
0.250

 
 
 
 
 
 
 
 
 
 
 
Q4 2014
 
Q3 2014
 
Q2 2014
 
Q1 2014
 
 
 
 
 
 
 
 
 
Interest income
 
$
56,931

 
$
48,459

 
$
45,112

 
$
36,822

Net interest income after provision for loan losses
 
30,728

 
28,381

 
28,211

 
21,831

Other income
 
31,906

 
61,337

 
55,489

 
40,434

Costs and expenses
 
48,045

 
42,207

 
45,258

 
38,575

Income before taxes
 
14,589

 
47,511

 
38,442

 
23,690

Income tax expense (benefit)
 
2,783

 
10,335

 
8,199

 
5,289

Net income
 
11,806

 
37,176

 
30,243

 
18,401

Net (income) loss attributable to noncontrolling interest in consolidated joint ventures
 
(83
)
 
306

 
(46
)
 
192

Net (income) loss attributable to predecessor unitholders
 
—

 
—

 
—

 
12,628

Net (income) loss attributable to noncontrolling interest in operating partnership
 
(7,350
)
 
(22,827
)
 
(17,691
)
 
(18,568
)
Net income attributable to Class A common shareholders
 
$
4,374

 
$
14,656

 
$
12,505

 
$
12,652

 
 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.09

 
$
0.30

 
$
0.26

 
$
0.26

Diluted
 
$
0.09

 
$
0.28

 
$
0.22

 
$
0.24

 
(1)
Increase in the quarter ended December 31, 2015 was primarily the result of an increase in net result from derivative transactions and gain on sale of real estate, net, offset by decrease in gain on sale of loans.