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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income $ 39,957 $ 25,190
Interest expense 26,276 11,595
Net interest income 13,681 13,595
(Loss) gain on derivative instruments, net 61,697 (38,354)
Loss on sale of investments, net 0 (3,775)
Fair value adjustments, net 13 (29)
Other operating (expense) income, net (231) (253)
General and administrative expenses:    
Compensation and benefits (1,898) (1,962)
Other general and administrative (2,056) (1,681)
Net income (52,214) 44,307
Preferred stock dividends 3,059 2,940
Net (loss) income to common shareholders (55,273) 41,367
Other comprehensive income:    
Unrealized (loss) gain on available-for-sale investments, net 86,632 (49,189)
Reclassification adjustment for loss on sale of investments, net 0 3,775
Reclassification adjustment for de-designated cash flow hedges (165) (48)
Total other comprehensive (loss) income 86,467 (45,462)
Comprehensive (loss) income to common shareholders $ 31,194 $ (4,095)
Net (loss) income per common share-basic and diluted $ (0.81) $ 0.74
Weighted average common shares-basic and diluted 68,435 55,871