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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest Income      
Residential loans $ 137,804 $ 114,715 $ 68,949
Commercial loans 30,496 46,933 47,567
Real estate securities 76,873 97,448 125,482
Other interest income 1,182 336 72
Total interest income 246,355 259,432 242,070
Interest Expense      
Short-term debt (22,287) (30,572) (25,990)
Asset-backed securities issued (14,735) (21,469) (31,227)
Long-term debt (51,506) (43,842) (30,246)
Total interest expense (88,528) (95,883) (87,463)
Net Interest Income 157,827 163,549 154,607
Reversal of (provision for) loan losses 7,102 355 (961)
Net Interest Income after Provision 164,929 163,904 153,646
Non-interest Income      
Mortgage banking activities, net 38,691 10,972 34,994
Mortgage servicing rights income (loss), net 14,353 (3,922) (4,261)
Investment fair value changes, net (28,574) (21,357) (10,202)
Other income 6,338 3,192 1,781
Realized gains, net 28,009 36,369 15,478
Total non-interest income, net 58,817 25,254 37,790
Operating expenses (88,786) (97,416) (90,123)
Net Income before Provision for Income Taxes 134,960 91,742 101,313
(Provision for) benefit from income taxes (3,708) 10,346 (744)
Net Income $ 131,252 $ 102,088 $ 100,569
Basic earnings per common share (in dollars per share) $ 1.66 $ 1.20 $ 1.18
Diluted earnings per common share (in dollars per share) 1.54 1.18 1.15
Regular dividends declared per common share (in dollars per share) $ 1.12 $ 1.12 $ 1.12
Basic weighted average shares outstanding (in shares) 76,747,047 82,945,103 82,837,369
Diluted weighted average shares outstanding (in shares) 97,909,090 84,518,395 85,098,579