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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income $ 15,714 $ 20,088 $ 43,000 $ 79,764
Interest expense (1,320) (3,375) (4,228) (30,327)
Net interest income 14,394 16,713 38,772 49,437
Realized gain on sale of investments, net 0 20,846 6,705 298,728
Loss on investments, net (3,085) 194 (2,981) 154
Gain (loss) on derivative instruments, net (9,603) (7,974) (64,463) 196,156
Other operating expense, net (330) (207) (1,033) (852)
General and administrative expenses:        
Compensation and benefits (2,977) (2,402) (9,306) (7,301)
Other general and administrative (3,572) (2,393) (8,417) (6,926)
Net income 14,033 40,725 88,203 137,084
Preferred stock dividends (1,923) (3,252) (6,405) (10,346)
Preferred stock redemption charge 0 0 (2,987) (3,914)
Net income to common shareholders 12,110 37,473 78,811 122,824
Other comprehensive income:        
Unrealized (loss) gain on available-for-sale investments, net (9,139) 27,844 (53,320) 213,651
Reclassification adjustment for realized gain on available-for-sale investments, net 0 (20,846) (6,705) (298,728)
Total other comprehensive (loss) income (9,139) 6,998 (60,025) (85,077)
Comprehensive income to common shareholders $ 2,971 $ 44,471 $ 18,786 $ 37,747
Weighted Average Number of Shares Outstanding, Basic 34,924,449 23,141,270 31,258,711 23,054,042
Earnings Per Share, Basic $ 0.35 $ 1.62 $ 2.52 $ 5.33
Earnings Per Share, Diluted $ 0.35 $ 1.62 $ 2.51 $ 5.33
Weighted Average Number of Shares Outstanding, Diluted 35,089,508 23,141,270 31,423,770 23,054,042
Common Stock, Dividends, Per Share, Declared $ 0.39 $ 0.39 $ 1.17 $ 1.27