XML 41 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Assets:    
Cash $ 126,473 $ 20,096
Restricted cash 30,127 30,127
Securities available-for-sale, at estimated fair value 25,477 33,362
Securities, at estimated fair value 151,134 158,086
Interest receivable 6,220 6,022
Deferred financing costs, net 5,135 628
Other assets 550 600
Total Assets 1,015,611 907,504
Liabilities:    
Borrowings under repurchase agreements 166,994 202,033
Convertible senior notes, net 139,163 0
Accounts payable and accrued expenses 2,289 2,660
Payable to related party 2,565 2,628
Dividends payable 16,688 17,227
Total Liabilities 327,699 224,548
Commitments and Contingencies (see Note 14)      
Stockholders’ Equity:    
Preferred stock, $0.01 par value, 50,000,000 shares authorized and 3,450,000 shares issued and outstanding in 2014 and 2013 35 35
Common stock, $0.01 par value, 450,000,000 shares authorized, 37,125,475 and 36,888,467 shares issued and outstanding in 2014 and 2013, respectively 371 369
Additional paid-in-capital 701,797 697,610
Retained earnings (accumulated deficit) (13,404) (14,188)
Accumulated other comprehensive loss (887) (870)
Total Stockholders’ Equity 687,912 682,956
Total Liabilities and Stockholders’ Equity 1,015,611 907,504
Commercial mortgage loans [Member]
    
Assets:    
Loans, held for investment 185,516 161,099
Subordinate Loans [Member]
    
Assets:    
Loans, held for investment $ 484,979 $ 497,484