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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest income $ 22,816 $ 24,527 $ 47,905 $ 48,626
Interest expense 6,100 5,542 12,410 10,913
Net interest income 16,716 18,985 35,495 37,713
(Loss) gain on derivative instruments, net (16,297) 17,090 (64,561) (8,233)
Loss on sale of investments, net (297) (1,491) (4,238) (183)
Fair value adjustments, net 28 20 51 59
Other income, net 290 612 353 645
General and administrative expenses:        
Compensation and benefits (1,875) (2,351) (4,093) (4,467)
Other general and administrative (1,796) (2,403) (3,669) (4,544)
Net (loss) income (3,231) 30,462 (40,662) 20,990
Preferred stock dividends (2,294) (2,294) (4,588) (4,588)
Net (loss) income to common shareholders (5,525) 28,168 (45,250) 16,402
Other comprehensive income:        
Change in net unrealized gain on available-for-sale investments 22,730 (42,027) 60,491 (18,722)
Reclassification adjustment for loss on sale of investments, net 297 1,491 4,238 183
Reclassification adjustment for de-designated cash flow hedges (80) 857 (53) 1,914
Total other comprehensive income (loss) 22,947 (39,679) 64,676 (16,625)
Comprehensive income (loss) to common shareholders $ 17,422 $ (11,511) $ 19,426 $ (223)
Net (loss) income per common share-basic and diluted $ (0.11) $ 0.52 $ (0.92) $ 0.30
Weighted average common shares-basic and diluted 49,119 54,574 49,080 54,687