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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Interest income $ 26,925 $ 23,103 $ 78,037 $ 70,378
Interest expense 14,751 9,889 40,521 26,122
Net interest income 12,174 13,214 37,516 44,256
Gain (loss) on derivative instruments, net 19,499 5,993 78,520 (9,634)
Loss on sale of investments, net (1,726) (5,211) (17,945) (10,628)
Fair value adjustments, net 12 23 68 63
Other operating expense, net (409) (109) (1,001) (150)
General and administrative expenses:        
Compensation and benefits (1,712) (2,070) (5,425) (6,356)
Other general and administrative (2,252) (1,529) (6,188) (5,620)
Net income (loss) 25,586 10,311 85,545 11,931
Preferred stock dividends (2,956) (2,808) (8,838) (7,885)
Net income (loss) to common shareholders 22,630 7,503 76,707 4,046
Other comprehensive income:        
Unrealized (loss) gain on available-for-sale investments, net (23,574) 981 (94,919) 28,087
Reclassification adjustment for loss on sale of investments, net 1,726 5,211 17,945 10,628
Reclassification adjustment for de-designated cash flow hedges (66) (48) (162) (220)
Total other comprehensive (loss) income (21,914) 6,144 (77,136) 38,495
Comprehensive income (loss) to common shareholders $ 716 $ 13,647 $ (429) $ 42,541
Net income (loss) per common share-basic and diluted $ 0.39 $ 0.15 $ 1.35 $ 0.08
Weighted average common shares-basic and diluted 57,727 49,832 56,638 49,411