XML 59 R87.htm IDEA: XBRL DOCUMENT
v3.20.1

FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of Quantitative Information (Details) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2020 USD ($) | Dec. 31, 2019 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Carrying Value | $ 1,930,430 | $ 1,708,325
CMBS |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Carrying Value | 1,868,149 | 1,644,322
CMBS interest-only |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Carrying Value | 27,835 | 29,146
GNMA interest-only |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Carrying Value | 1,607 | 1,851
Agency securities |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Carrying Value | 628 | 637
GNMA permanent securities |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Carrying Value | $ 32,211 | $ 32,369
Level 3 | CMBS | Minimum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Duration | 3 days | 0 years
Level 3 | CMBS | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Duration | 2 years 7 months 6 days | 1 year 7 months 17 days
Level 3 | CMBS | Maximum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Duration | 6 years 3 months | 6 years 10 months 13 days
Level 3 | CMBS interest-only | Minimum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Duration | 1 month 20 days | 7 days
Level 3 | CMBS interest-only | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Duration | 2 years 3 months 18 days | 2 years 5 months 19 days
Level 3 | CMBS interest-only | Maximum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Duration | 3 years 4 months 2 days | 3 years 6 months 3 days
Level 3 | GNMA interest-only | Minimum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Duration | 6 months 7 days | 25 days
Level 3 | GNMA interest-only | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Duration | 2 years 6 months 25 days | 2 years 10 months 24 days
Level 3 | GNMA interest-only | Maximum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Duration | 13 years 8 months 12 days | 13 years 8 months 8 days
Level 3 | Agency securities | Minimum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Duration | 0 years | 0 years
Level 3 | Agency securities | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Duration | 2 years 1 month 28 days | 2 years 3 months 18 days
Level 3 | Agency securities | Maximum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Duration | 2 years 8 months 15 days | 2 years 11 months 1 day
Level 3 | GNMA permanent securities | Minimum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Duration | 1 year 1 month 24 days | 2 years 7 months 6 days
Level 3 | GNMA permanent securities | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Duration | 9 years 11 months 15 days | 3 years 7 months 9 days
Level 3 | GNMA permanent securities | Maximum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Duration | 14 years 10 months 20 days | 6 years 5 months 26 days
Level 3 | Yield | CMBS | Minimum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.0168 | 0
Level 3 | Yield | CMBS | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.111 | 0.0311
Level 3 | Yield | CMBS | Maximum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 4.4278 | 0.1992
Level 3 | Yield | CMBS interest-only | Minimum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.0206 | 0.0157
Level 3 | Yield | CMBS interest-only | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.0404 | 0.0393
Level 3 | Yield | CMBS interest-only | Maximum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.068 | 0.0762
Level 3 | Yield | GNMA interest-only | Minimum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | (0.0232) | (0.0482)
Level 3 | Yield | GNMA interest-only | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.1081 | 0.1513
Level 3 | Yield | GNMA interest-only | Maximum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 1.2394 | 0.445
Level 3 | Yield | Agency securities | Minimum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.0142 | 0
Level 3 | Yield | Agency securities | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.1577 | 0.017
Level 3 | Yield | Agency securities | Maximum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.72 | 0.0216
Level 3 | Yield | GNMA permanent securities | Minimum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 1.5721 | 0.5656
Level 3 | Yield | GNMA permanent securities | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 2.7767 | 1.6679
Level 3 | Yield | GNMA permanent securities | Maximum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 4.1000 | 4.10
Level 3 | Prepayment speed | CMBS interest-only | Minimum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 100.00 | 100.00
Level 3 | Prepayment speed | CMBS interest-only | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 97.23 | 97.24
Level 3 | Prepayment speed | CMBS interest-only | Maximum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 100.00 | 100.00
Level 3 | Prepayment speed | GNMA interest-only | Minimum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 5.00 | 5.00
Level 3 | Prepayment speed | GNMA interest-only | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 12.36 | 12.36
Level 3 | Prepayment speed | GNMA interest-only | Maximum |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 35.00 | 35.00
Level 3 | Internal Model Third Party Inputs Valuation Technique |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Carrying Value | $ 1,918,071 | $ 1,695,913
Recurring | Internal Model Third Party Inputs Valuation Technique | CMBS |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.0221 | 0.0308
Duration | 2 years 3 months 21 days | 2 years 4 months 28 days
Recurring | Internal Model Third Party Inputs Valuation Technique | CMBS interest-only |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.0299 | 0.0304
Duration | 2 years 5 months 15 days | 2 years 6 months 10 days
Recurring | Internal Model Third Party Inputs Valuation Technique | GNMA interest-only |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.0486 | 0.0459
Duration | 3 years 18 days | 2 years 9 months 7 days
Recurring | Internal Model Third Party Inputs Valuation Technique | Agency securities |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.0170 | 0.0173
Duration | 1 year 8 months 12 days | 1 year 9 months 29 days
Recurring | Internal Model Third Party Inputs Valuation Technique | GNMA permanent securities |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.0350 | 0.0317
Duration | 2 years 7 months 9 days | 1 year 11 months 4 days
Recurring | Level 3 | Internal Model Third Party Inputs Valuation Technique | CMBS |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Carrying Value | $ 1,856,560 | $ 1,632,714
Recurring | Level 3 | Internal Model Third Party Inputs Valuation Technique | CMBS interest-only |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Carrying Value | 27,065 | 28,342
Recurring | Level 3 | Internal Model Third Party Inputs Valuation Technique | GNMA interest-only |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Carrying Value | 1,607 | 1,851
Recurring | Level 3 | Internal Model Third Party Inputs Valuation Technique | Agency securities |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Carrying Value | 628 | 637
Recurring | Level 3 | Internal Model Third Party Inputs Valuation Technique | GNMA permanent securities |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Carrying Value | $ 32,211 | $ 32,369

X
- Definition Represents the remaining maturity period, used as an input to measure fair value. + References No definition available. + Details
Name: | ladr_FairValueInputsRemainingMaturityPeriod
Namespace Prefix: | ladr_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118942338&loc=SL82898722-210454 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118954083&loc=d3e26610-111562 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (aa) -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27161-111563 + Details
Name: | us-gaap_AvailableForSaleSecuritiesDebtSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Value of input used to measure investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleMeasurementInput
Namespace Prefix: | us-gaap_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_CommercialMortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ladr_CommercialMortgageBackedSecuritiesInterestOnlyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ladr_GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAInterestOnlyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_USGovernmentAgenciesDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=ladr_GovernmentNationalMortgageAssociationPermanentSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_WeightedAverageMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputDiscountRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_MeasurementInputTypeAxis=us-gaap_MeasurementInputPrepaymentRateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ValuationTechniqueAxis=ladr_InternalModelThirdPartyInputsValuationTechniqueMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |