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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income and interest expense    
Interest income $ 61,017 $ 58,148
Interest expense (22,501) (20,290)
Net interest income 38,516 37,858
Other revenue    
Other income, net 18 96
Total other revenue 18 96
Other expenses    
Professional fees 1,146 1,198
General and administrative 1,169 1,030
Stock compensation expense 1,266 1,456
Servicing and asset management fees 494 328
Management fee 5,709 5,094
Total other expenses 9,784 9,106
Credit loss (expense) benefit, net (4,884) 4,038
Income before income taxes 23,866 32,886
Income tax expense, net (85) (931)
Net income 23,781 31,955
Preferred stock dividends and participating securities' share in earnings (3,345) (6,270)
Series B Preferred Stock accretion, including allocated Warrant fair value and transaction costs   (1,452)
Net income attributable to common stockholders - see Note 11 $ 20,436 $ 24,233
Earnings per common share, basic $ 0.26 $ 0.32
Earnings per common share, diluted $ 0.25 $ 0.30
Weighted average number of common shares outstanding    
Basic: 77,183,957 76,895,615
Diluted: 81,788,723 80,673,236
Other comprehensive income    
Net income $ 23,781 $ 31,955
Comprehensive net income $ 23,781 $ 31,955