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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income $ 110,051 $ 94,502 $ 91,898
Interest expense 59,574 36,178 25,231
Net interest income 50,477 58,324 66,667
(Loss) gain on derivative instruments, net (3,461) 3,044 (5,606)
Loss on sale of investments, net (23,373) (11,530) (4,238)
Fair value adjustments, net (52) (75) (103)
Other operating (expense) income, net (1,567) (201) 880
General and administrative expenses:      
Compensation and benefits (6,605) (8,509) (7,550)
Other general and administrative (8,500) (7,310) (7,157)
Net income 7,023 33,893 43,099
Preferred stock dividends 11,801 10,794 9,185
Net (loss) income to common shareholders (4,778) 23,099 33,914
Other comprehensive income:      
Unrealized (loss) gain on available-for-sale investments, net (50,218) 12,650 (23,828)
Reclassification adjustment for loss on sale of investments, net 23,373 11,530 4,238
Reclassification adjustment for de-designated cash flow hedges (237) (268) (251)
Total other comprehensive (loss) income (27,082) 23,912 (19,841)
Comprehensive (loss) income to common shareholders $ (31,860) $ 47,011 $ 14,073
Net (loss) income per common share-basic and diluted $ (0.08) $ 0.46 $ 0.69
Weighted average common shares-basic and diluted 57,705 50,417 49,114