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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income $ 17,427 $ 13,892
Interest expense (1,748) (1,633)
Net interest income 15,679 12,259
Realized gain on sale of investments, net 0 4,697
Unrealized loss on investments, net (111,251) (980)
Gain on derivative instruments, net (220,211) (107,801)
Other operating expense, net (321) (380)
General and administrative expenses:    
Compensation and benefits (3,466) (3,096)
Other general and administrative (3,643) (2,372)
Net income 117,209 117,929
Preferred stock dividends (1,923) (2,559)
Preferred stock redemption charge 0 (2,987)
Net income to common shareholders 115,286 112,383
Other comprehensive income:    
Unrealized loss on available-for-sale investments, net (91,340) (60,459)
Reclassification adjustment for realized gain on available-for-sale investments, net 0 (4,697)
Total other comprehensive loss (91,340) (65,156)
Comprehensive income to common shareholders $ 23,946 $ 47,227
Weighted average common shares-basic (in shares) 36,725,365 26,788,693
Weighted average common shares-diluted (in shares) 37,111,733 26,788,693
Net income (loss) per common share-basic (in dollars per share) $ 3.14 $ 4.20
Net income (loss) per common share-diluted (in dollars per share) 3.11 4.20
Common Stock, Dividends, Per Share, Declared $ 0.39 $ 0.39