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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Interest income $ 21,135 $ 26,096 $ 69,040 $ 74,722
Interest expense 6,068 5,859 18,478 16,772
Net interest income 15,067 20,237 50,562 57,950
Gain (loss) on derivative instruments, net 2,409 (52,749) (62,153) (60,982)
Gain (loss) on sale of investments, net 0 113 (4,238) (70)
Fair value adjustments, net 34 16 86 75
Other income (expense), net 545 (215) 898 430
General and administrative expenses:        
Compensation and benefits (1,736) (2,327) (5,829) (6,794)
Other general and administrative (1,619) (2,052) (5,288) (6,596)
Net income (loss) 14,700 (36,977) (25,962) (15,987)
Preferred stock dividends (2,294) (2,294) (6,882) (6,882)
Net income (loss) to common shareholders 12,406 (39,271) (32,844) (22,869)
Other comprehensive income:        
Change in net unrealized gain on available-for-sale investments 769 26,674 61,260 7,951
Reclassification adjustment for (gain) loss on sale of investments, net 0 (113) 4,238 70
Reclassification adjustment for de-designated cash flow hedges (99) 857 (152) 2,772
Total other comprehensive income 670 27,418 65,346 10,793
Comprehensive income (loss) to common shareholders $ 13,076 $ (11,853) $ 32,502 $ (12,076)
Net income (loss) per common share-basic and diluted $ 0.25 $ (0.74) $ (0.67) $ (0.42)
Weighted average common shares-basic and diluted 49,147 52,777 49,102 54,043