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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest income $ 170,168 $ 110,051 $ 94,502
Interest expense 114,111 59,574 36,178
Net interest income 56,057 50,477 58,324
(Loss) gain on derivative instruments, net 186,949 3,461 (3,044)
Loss on sale of investments, net (5,755) (23,373) (11,530)
Fair value adjustments, net (56) 52 75
Other operating income (expense), net 22 (1,567) (201)
General and administrative expenses:      
Compensation and benefits (7,520) (6,605) (8,509)
Other general and administrative (8,467) (8,500) (7,310)
Net (loss) income (152,668) 7,023 33,893
Preferred stock dividends (12,967) (11,801) (10,794)
Net (loss) income to common shareholders (165,635) (4,778) 23,099
Other comprehensive income:      
Unrealized gain (loss) on available-for-sale investments, net 203,995 (50,218) 12,650
Reclassification adjustment for loss on sale of investments, net 5,755 23,373 11,530
Reclassification adjustment for de-designated cash flow hedges (165) (237) (268)
Total other comprehensive income (loss) 209,585 (27,082) 23,912
Comprehensive income (loss) to common shareholders $ 43,950 $ (31,860) $ 47,011
Net (loss) income per common share-basic and diluted $ (7.01) $ (0.25) $ 1.37
Weighted average common shares-basic and diluted 23,620 19,235 16,806