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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest income:        
Residential mortgage investments $ 56,103 $ 53,309 $ 110,944 $ 112,809
Other 238 128 391 320
Interest income 56,341 53,437 111,335 113,129
Interest expense:        
Secured borrowings (33,850) (27,014) (62,090) (53,596)
Unsecured borrowings (1,900) (1,976) (3,791) (3,953)
Interest expense (35,750) (28,990) (65,881) (57,549)
Net interest income (expense) 20,591 24,447 45,454 55,580
Other revenue (expense):        
Compensation-related expense (1,833) (2,042) (2,948) (5,266)
Other general and administrative expense (1,276) (1,157) (2,338) (2,326)
Miscellaneous other revenue 67 382 82 995
Operating expenses (3,042) (2,817) (5,204) (6,597)
Net income 17,549 21,630 40,250 48,983
Net income available to common stockholders:        
Net income 17,549 21,630 40,250 48,983
Less preferred stock dividends (4,018) (3,843) (7,882) (7,669)
Net income available to common stockholders $ 13,531 $ 17,787 $ 32,368 $ 41,314
Net income per common share:        
Basic and diluted net income per common share $ 0.14 $ 0.19 $ 0.34 $ 0.43
Weighted average common shares outstanding:        
Basic (in shares) 95,756 95,648 95,755 95,631
Diluted (in shares) 95,916 95,786 95,895 95,766
Cash dividends declared per share:        
Common (in dollars per share) $ 0.21 $ 0.23 $ 0.42 $ 0.49
Series E Preferred [Member]        
Cash dividends declared per share:        
Series E preferred (in dollars per share) $ 0.47 $ 0.47 $ 0.94 $ 0.94