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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income $ 13,393 $ 19,853 $ 27,285 $ 59,676
Interest expense (1,275) (4,850) (2,908) (26,952)
Net interest income 12,118 15,003 24,377 32,724
Realized gain on sale of investments, net 2,008 193,099 6,705 277,882
Loss on investments, net 1,084 332 104 (40)
(Loss) gain on derivative instruments, net 52,940 8,563 (54,861) 204,130
Other operating expense, net (323) (222) (703) (645)
General and administrative expenses:        
Compensation and benefits (3,233) (2,736) (6,329) (4,898)
Other general and administrative (2,473) (2,075) (4,845) (4,534)
Net (loss) income (43,759) 194,838 74,170 96,359
Preferred stock dividends (1,923) (3,253) (4,482) (7,094)
Preferred stock redemption charge 0 0 (2,987) (3,914)
Net (loss) income to common shareholders (45,682) 191,585 66,701 85,351
Other comprehensive income:        
Unrealized gain (loss) on available-for-sale investments, net 16,278 28,052 (44,181) 185,807
Reclassification adjustment for realized gain on available-for-sale investments, net (2,008) (193,099) (6,705) (277,882)
Total other comprehensive income (loss) 14,270 (165,047) (50,886) (92,075)
Comprehensive (loss) income to common shareholders $ (31,412) $ 26,538 $ 15,815 $ (6,724)
Weighted Average Number of Shares Outstanding, Basic 31,973,587 23,056,812 29,395,463 23,009,948
Earnings Per Share, Basic $ (1.43) $ 8.31 $ 2.27 $ 3.71
Earnings Per Share, Diluted $ (1.43) $ 8.31 $ 2.26 $ 3.71
Weighted Average Number of Shares Outstanding, Diluted 31,973,587 23,056,812 29,560,522 23,009,948
Common Stock, Dividends, Per Share, Declared $ 0.39 $ 0.43 $ 0.78 $ 0.88