XML 27 R61.htm IDEA: XBRL DOCUMENT v2.4.0.6
Net Interest Income Analysis (Summary Of Interest Income, Interest Expense And Weighted Average Interest Rates) (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Component of Other Expense, Nonoperating [Line Items]                      
Residential mortgage investments                 $ 255,931 $ 243,077 $ 198,488
Other                 698 301 1,290
Interest Income 61,166 63,617 65,963 65,883 63,981 62,949 63,194 53,254 256,629 243,378 199,778
Repurchase arrangements and similar borrowings                 69,101 57,328 47,502
Unsecured borrowings                 (8,747) (8,747) (8,747)
Other                   5 2
Interest expense 22,859 20,061 18,638 16,290 17,743 17,930 15,894 14,513 77,848 66,080 56,251
Net interest income (expense) 38,307 43,556 47,325 49,593 46,238 45,019 47,300 38,741 178,781 177,298 143,527
Residential mortgage investments                 1.94% 2.24% 2.59%
Other                 0.16% 0.12% 0.49%
Interest Income                 1.88% 2.20% 2.52%
Repurchase arrangements and similar borrowings                 0.56% 0.56% 0.66%
Unsecured borrowings 8.49% [1]       8.49%       8.49% [1] 8.49% 8.49%
Other                 0.07% 0.14% 0.19%
Interest expense                 0.62% 0.64% 0.78%
Net interest income (expense)                 1.26% 1.56% 1.74%
Related Changes In Rate [Member]
                     
Component of Other Expense, Nonoperating [Line Items]                      
Residential mortgage investments                 (35,212) [2] (29,727) [2]  
Other                 104 [2] (889) [2]  
Interest Income                 (35,108) [2] (30,616) [2]  
Repurchase arrangements and similar borrowings                   (7,839) [2]  
Other                 (2) [2]    
Interest expense                 (2) [2] (7,839) [2]  
Net interest income (expense)                 (35,106) [2] (22,777) [2]  
Related Changes In Volume [Member]
                     
Component of Other Expense, Nonoperating [Line Items]                      
Residential mortgage investments                 48,066 [2] 74,317 [2]  
Other                 293 [2] (101) [2]  
Interest Income                 48,359 [2] 74,216 [2]  
Repurchase arrangements and similar borrowings                 11,773 [2] 17,665 [2]  
Other                 (3) [2] 3 [2]  
Interest expense                 11,770 [2] 17,668 [2]  
Net interest income (expense)                 36,589 [2] 56,548 [2]  
Related Changes In Total [Member]
                     
Component of Other Expense, Nonoperating [Line Items]                      
Residential mortgage investments                 12,854 [2] 44,590 [2]  
Other                 397 [2] (990) [2]  
Interest Income                 13,251 [2] 43,600 [2]  
Repurchase arrangements and similar borrowings                 11,773 [2] 9,826 [2]  
Other                 (5) [2] 3 [2]  
Interest expense                 11,768 [2] 9,829 [2]  
Net interest income (expense)                 $ 1,483 [2] $ 33,771 [2]  
[1] After considering cash flow hedges that coincide with the floating rate terms of these borrowings that begin in October and December 2015 for the Capstead Mortgage Trust I and II notes and September 2016 for the Capstead Mortgage Trust III notes, the effective borrowing rate during the final 20 years of these borrowings will average 7.56%, subject to certain adjustments for the effects of measured hedge ineffectiveness, if any.
[2] The change in interest income and interest expense due to both rate and volume has been allocated to rate and volume changes in proportion to the relationship of the absolute dollar amounts of the change in each.