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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest income:        
Residential mortgage investments $ 65,202 $ 56,103 $ 134,340 $ 110,944
Other 305 238 713 391
Interest income 65,507 56,341 135,053 111,335
Interest expense:        
Secured borrowings (48,241) (33,850) (93,262) (62,090)
Unsecured borrowings (1,900) (1,900) (3,791) (3,791)
Interest expense (50,141) (35,750) (97,053) (65,881)
Net interest income (expense) 15,366 20,591 38,000 45,454
Other revenue (expense):        
Compensation-related expense (1,560) (1,833) (3,608) (2,948)
Other general and administrative expense (899) (1,276) (2,136) (2,338)
Miscellaneous other revenue 81 67 152 82
Operating expenses (2,378) (3,042) (5,592) (5,204)
Net income 12,988 17,549 32,408 40,250
Net income available to common stockholders:        
Net income 12,988 17,549 32,408 40,250
Less preferred stock dividends (4,842) (4,018) (9,684) (7,882)
Net income available to common stockholders $ 8,146 $ 13,531 $ 22,724 $ 32,368
Net income per common share:        
Basic and diluted $ 0.09 $ 0.14 $ 0.24 $ 0.34
Weighted average common shares outstanding:        
Basic (in shares) 92,001 95,756 92,709 95,755
Diluted (in shares) 92,121 95,916 92,810 95,895
Cash dividends declared per share:        
Common (in dollars per share) $ 0.14 $ 0.21 $ 0.30 $ 0.42
Series E Preferred [Member]        
Cash dividends declared per share:        
Series E preferred (in dollars per share) $ 0.47 $ 0.47 $ 0.94 $ 0.94