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Consolidated Statements of Comprehensive Income - 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 $ 24,856 $ 22,816 $ 47,275 $ 47,905
Interest expense 8,714 6,100 16,233 12,410
Net interest income 16,142 16,716 31,042 35,495
Loss on derivative instruments, net (15,802) (16,297) (15,627) (64,561)
Loss on sale of investments, net (3,709) (297) (5,417) (4,238)
Fair value adjustments, net 30 28 40 51
Other income (loss), net 4 290 (42) 353
General and administrative expenses:        
Compensation and benefits (2,041) (1,875) (4,286) (4,093)
Other general and administrative (2,056) (1,796) (4,091) (3,669)
Net (loss) income (7,432) (3,231) 1,619 (40,662)
Preferred stock dividends (2,641) (2,294) (5,077) (4,588)
Net loss to common shareholders (10,073) (5,525) (3,458) (45,250)
Other comprehensive income:        
Unrealized gain on available-for-sale investments, net 8,739 22,730 27,107 60,491
Reclassification adjustment for loss on sale of investments, net 3,709 297 5,417 4,238
Reclassification adjustment for de-designated cash flow hedges (73) (80) (172) (53)
Total other comprehensive income 12,375 22,947 32,352 64,676
Comprehensive income to common shareholders $ 2,302 $ 17,422 $ 28,894 $ 19,426
Net loss per common share-basic and diluted $ (0.20) $ (0.11) $ (0.07) $ (0.92)
Weighted average common shares-basic and diluted 49,218 49,119 49,197 49,080