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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income $ 13,892 $ 39,822
Interest expense (1,633) (22,101)
Net interest income 12,259 17,721
Gain on sale of investments, net 4,697 84,783
Loss on investments, net (980) (372)
Gain (loss) on derivative instruments, net (107,801) 195,567
Other operating expense, net (380) (423)
General and administrative expenses:    
Compensation and benefits (3,096) (2,163)
Other general and administrative (2,372) (2,458)
Net income (loss) 117,929 (98,479)
Preferred stock dividends (2,559) (3,841)
Preferred stock redemption charge 2,987 3,914
Net income (loss) to common shareholders 112,383 (106,234)
Other comprehensive income:    
Unrealized (loss) gain on available-for-sale investments, net (60,459) 157,755
Reclassification adjustment for realized gain on sale of available-for-sale investments, net (4,697) (84,783)
Total other comprehensive (loss) income (65,156) 72,972
Comprehensive income (loss) to common shareholders $ 47,227 $ (33,262)
Net income (loss) per common share-basic and diluted $ 4.20 $ (4.63)
Weighted average common shares-basic and diluted 26,788,693 22,963,084