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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Loans held-for-investment $ 4,366,757 $ 4,226,212
Allowance for credit losses (76,710) 0
Loans held-for-investment, net 4,290,047 4,226,212
Available-for-sale securities, at fair value 12,542 12,830
Held-to-maturity securities 10,788 18,076
Cash and cash equivalents 55,969 80,281
Restricted cash 3,497 79,483
Accrued interest receivable 11,649 11,323
Other assets 31,156 32,657
Total Assets [1] 4,415,648 4,460,862
Liabilities    
Repurchase agreements 2,030,916 1,924,021
Securitized debt obligations 983,521 1,041,044
Asset-specific financings 121,242 116,465
Revolving credit facilities 12,589 42,008
Convertible senior notes 270,437 269,634
Dividends payable 25 23,063
Other liabilities 31,582 24,491
Total Liabilities [1] 3,450,312 3,440,726
10% cumulative redeemable preferred stock, par value $0.01 per share; 50,000,000 shares authorized and 1,000 and 1,000 shares issued and outstanding, respectively 1,000 1,000
Stockholders' Equity    
Common stock, par value $0.01 per share; 450,000,000 shares authorized and 55,205,082 and 54,853,205 shares issued and outstanding, respectively 552 549
Additional paid-in capital 1,051,159 1,048,484
Accumulated other comprehensive (loss) income 0 32
Cumulative earnings 104,680 162,076
Cumulative distributions to stockholders 192,055 192,005
Total Stockholders’ Equity 964,336 1,019,136
Total Liabilities and Stockholders’ Equity $ 4,415,648 $ 4,460,862
[1] The condensed consolidated balance sheets include assets of consolidated variable interest entities, or VIEs, that can only be used to settle obligations of these VIEs, and liabilities of the consolidated VIEs for which creditors do not have recourse to Granite Point Mortgage Trust Inc. At June 30, 2020 and December 31, 2019, assets of the VIEs totaled $1,307,455 and $1,387,148, and liabilities of the VIEs totaled $984,230 and $1,042,122, respectively. See Note 3 - Variable Interest Entities for additional information.