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Consolidated Statements of Comprehensive Income - 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 $ 25,922 $ 24,856 $ 51,112 $ 47,275
Interest expense 14,175 8,714 25,770 16,233
Net interest income 11,747 16,142 25,342 31,042
Gain (loss) on derivative instruments, net 20,667 (15,802) 59,021 (15,627)
Loss on sale of investments, net (12,444) (3,709) (16,219) (5,417)
Fair value adjustments, net 27 30 56 40
Other Operating Income (Expense), Net (339) 4 (592) (42)
General and administrative expenses:        
Compensation and benefits (1,751) (2,041) (3,713) (4,286)
Other general and administrative (2,255) (2,056) (3,936) (4,091)
Net income (loss) 15,652 (7,432) 59,959 1,619
Preferred stock dividends (2,942) (2,641) (5,882) (5,077)
Net income (loss) to common shareholders 12,710 (10,073) 54,077 (3,458)
Other comprehensive income:        
Unrealized (loss) gain on available-for-sale investments, net (22,156) 8,739 (71,345) 27,107
Reclassification adjustment for loss on sale of investments, net 12,444 3,709 16,219 5,417
Reclassification adjustment for de-designated cash flow hedges (48) (73) (96) (172)
Total other comprehensive (loss) income (9,760) 12,375 (55,222) 32,352
Comprehensive income (loss) to common shareholders $ 2,950 $ 2,302 $ (1,145) $ 28,894
Net income (loss) per common share-basic and diluted $ 0.23 $ (0.20) $ 0.96 $ (0.07)
Weighted average common shares-basic and diluted 56,295 49,218 56,084 49,197