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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income $ 94,502 $ 91,898 $ 100,244
Interest expense 36,178 25,231 22,605
Net interest income 58,324 66,667 77,639
Gain (loss) on derivative instruments, net 3,044 (5,606) (43,128)
Loss on sale of investments, net (11,530) (4,238) (978)
Fair value adjustments, net 75 103 69
Other (loss) income, net (201) 880 610
General and administrative expenses:      
Compensation and benefits (8,509) (7,550) (9,103)
Other general and administrative (7,310) (7,157) (8,565)
Net income 33,893 43,099 16,544
Preferred stock dividends 10,794 9,185 9,176
Net income to common shareholders 23,099 33,914 7,368
Other comprehensive income:      
Unrealized gain (loss) on available-for-sale investments, net 12,650 (23,828) (38,561)
Reclassification adjustment for loss on sale of investments, net 11,530 4,238 978
Reclassification adjustment for de-designated cash flow hedges (268) (251) 3,499
Total other comprehensive income (loss) 23,912 (19,841) (34,084)
Comprehensive income (loss) to common shareholders $ 47,011 $ 14,073 $ (26,716)
Net income per common share-basic and diluted $ 0.46 $ 0.69 $ 0.14
Weighted average common shares-basic and diluted 50,417 49,114 52,847