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Summarized Quarterly Results (Unaudited) | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract] |
Summarized Quarterly Results (Unaudited) | Summarized Quarterly Results (Unaudited)
| March 31, |  | June 30, |  | September 30, |  | December 31,
| 2014 |  | 2013 |  | 2014 |  | 2013 |  | 2014 |  | 2013 |  | 2014 |  | 2013
Net interest income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income from securities | $ | 2,419 |  |  | $ | 3,087 |  |  | $ | 4,366 |  |  | $ | 3,014 |  |  | $ | 6,129 |  |  | $ | 2,533 |  |  | $ | 8,275 |  |  | $ | 3,633 |
Interest income from securities, held to maturity | — |  |  | — |  |  | — |  |  | — |  |  | 1,448 |  |  | — |  |  | 3,165 |  |  | — |
Interest income from commercial mortgage loans | 4,011 |  |  | 3,592 |  |  | 6,438 |  |  | 3,676 |  |  | 8,025 |  |  | 4,954 |  |  | 9,328 |  |  | 3,812 |
Interest income from subordinate loans | 14,730 |  |  | 11,454 |  |  | 18,238 |  |  | 11,498 |  |  | 19,754 |  |  | 12,184 |  |  | 17,021 |  |  | 14,026 |
Interest income from repurchase agreements | — |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Interest expense | (1,757 | ) |  | (1,068 | ) |  | (5,258 | ) |  | (955 | ) |  | (8,786 | ) |  | (885 | ) |  | (10,740 | ) |  | (1,450 | )
Net interest income | 19,403 |  |  | 17,067 |  |  | 23,784 |  |  | 17,233 |  |  | 26,570 |  |  | 18,786 |  |  | 27,049 |  |  | 20,021 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administrative expenses | (1,442 | ) |  | (1,895 | ) |  | (1,479 | ) |  | (1,437 | ) |  | (1,434 | ) |  | (1,793 | ) |  | (1,796 | ) |  | (2,438 | )
Management fees to related party | (2,565 | ) |  | (2,160 | ) |  | (2,966 | ) |  | (2,600 | ) |  | (3,193 | ) |  | (2,625 | ) |  | (3,236 | ) |  | (2,627 | )
Total operating expenses | (4,007 | ) |  | (4,055 | ) |  | (4,445 | ) |  | (4,037 | ) |  | (4,627 | ) |  | (4,418 | ) |  | (5,032 | ) |  | (5,065 | )
Income from unconsolidated joint venture | — |  |  | — |  |  | — |  |  | — |  |  | (88 | ) |  | — |  |  | (69 | ) |  | — |
Interest income from cash balances | — |  |  | — |  |  | 4 |  |  | 16 |  |  | 21 |  |  | 3 |  |  | 9 |  |  | 1 |
Unrealized gain (loss) on securities | 2,184 |  |  | (1,080 | ) |  | 4,749 |  |  | (1,421 | ) |  | (2,147 | ) |  | (1,472 | ) |  | (639 | ) |  | 908 |
Foreign currency gain (loss) | — |  |  | — |  |  | 959 |  |  | — |  |  | (3,596 | ) |  | — |  |  | (1,413 | ) |  | — |
Gain (loss) on derivative instruments | — |  |  | — |  |  | (1,093 | ) |  | (2 | ) |  | 3,026 |  |  | 1 |  |  | 2,137 |  |  | (1 | )
Net income | 17,580 |  |  | 11,932 |  |  | 23,958 |  |  | 11,789 |  |  | 19,159 |  |  | 12,900 |  |  | 22,042 |  |  | 15,864 |
Preferred dividends | (1,860 | ) |  | (1,860 | ) |  | (1,860 | ) |  | (1,860 | ) |  | (1,860 | ) |  | (1,860 | ) |  | (1,860 | ) |  | (1,860 | )
Net income available to common stockholders | $ | 15,720 |  |  | $ | 10,072 |  |  | $ | 22,098 |  |  | $ | 9,929 |  |  | 17,299 |  |  | $ | 11,040 |  |  | $ | 20,182 |  |  | $ | 14,004 |
Basic and diluted net income per share of common stock | $ | 0.42 |  |  | $ | 0.33 |  |  | $ | 0.51 |  |  | $ | 0.27 |  |  | $ | 0.37 |  |  | $ | 0.30 |  |  | $ | 0.43 |  |  | $ | 0.37 |
Basic weighted average shares of common stock outstanding | 37,122,842 |  |  | 30,105,939 |  |  | 42,888,747 |  |  | 36,880,410 |  |  | 46,848,675 |  |  | 36,883,002 |  |  | 46,852,646 |  |  | 36,886,619 |
Diluted weighted average shares of common stock outstanding | 37,341,050 |  |  | 30,480,689 |  |  | 43,099,354 |  |  | 37,373,885 |  |  | 47,068,929 |  |  | 37,379,469 |  |  | 47,085,617 |  |  | 37,390,369 |
Dividend declared per share of common stock | $ | 0.40 |  |  | $ | 0.40 |  |  | $ | 0.40 |  |  | $ | 0.40 |  |  | $ | 0.40 |  |  | $ | 0.40 |  |  | $ | 0.40 |  |  | $ | 0.40 |

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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