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Summary of Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Summary of Quarterly Results of Operations (Unaudited) |
|  | 2019 Quarter Ended
(In Thousands, Except per Share Amounts) |  | March 31 |  | June 30 |  | September 30 |  | December 31
Interest income |  | $ | 140,952 |  |  | $ | 144,935 |  |  | $ | 142,721 |  |  | $ | 153,118 |
Interest expense |  | (79,026 | ) |  | (85,044 | ) |  | (85,823 | ) |  | (82,463 | )
Net interest income |  | 61,926 |  |  | 59,891 |  |  | 56,898 |  |  | 70,655 |
Net gain on residential whole loans measured at fair value through earnings |  | 25,267 |  |  | 51,473 |  |  | 40,175 |  |  | 41,415 |
Net realized gain on sales of residential mortgage securities |  | 24,609 |  |  | 7,710 |  |  | 17,708 |  |  | 11,975 |
Other income |  | 1,293 |  |  | (2,321 | ) |  | 4,546 |  |  | 2,007 |
Operating and other expense |  | (24,238 | ) |  | (23,713 | ) |  | (23,728 | ) |  | (25,431 | )
Net income |  | 88,857 |  |  | 93,040 |  |  | 95,599 |  |  | 100,621 |
Preferred stock dividends |  | (3,750 | ) |  | (3,750 | ) |  | (3,750 | ) |  | (3,750 | )
Net income available to common stock and participating securities |  | $ | 85,107 |  |  | $ | 89,290 |  |  | $ | 91,849 |  |  | $ | 96,871 |
Earnings per Common Share - Basic and Diluted |  | $ | 0.19 |  |  | $ | 0.20 |  |  | $ | 0.20 |  |  | $ | 0.21 |
|  | 2018 Quarter Ended
(In Thousands, Except per Share Amounts) |  | March 31 |  | June 30 |  | September 30 |  | December 31
Interest income |  | $ | 103,752 |  |  | $ | 101,747 |  |  | $ | 117,432 |  |  | $ | 132,744 |
Interest expense |  | (50,554 | ) |  | (51,810 | ) |  | (58,878 | ) |  | (70,944 | )
Net interest income |  | 53,198 |  |  | 49,937 |  |  | 58,554 |  |  | 61,800 |
Net gain on residential whole loans measured at fair value through earnings |  | 38,498 |  |  | 32,443 |  |  | 34,942 |  |  | 31,736 |
Net realized gain on sales of residential mortgage securities |  | 8,817 |  |  | 7,429 |  |  | 16,415 |  |  | 28,646 |
Other income |  | 345 |  |  | 1,134 |  |  | (2,998 | ) |  | (39,432 | )
Operating and other expense |  | (17,463 | ) |  | (20,548 | ) |  | (19,781 | ) |  | (21,871 | )
Net income |  | 83,395 |  |  | 70,395 |  |  | 87,132 |  |  | 60,879 |
Preferred stock dividends |  | (3,750 | ) |  | (3,750 | ) |  | (3,750 | ) |  | (3,750 | )
Net income available to common stock and participating securities |  | $ | 79,645 |  |  | $ | 66,645 |  |  | $ | 83,382 |  |  | $ | 57,129 |
Earnings per Common Share - Basic and Diluted |  | $ | 0.20 |  |  | $ | 0.17 |  |  | $ | 0.19 |  |  | $ | 0.13 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118952077&loc=d3e1280-108306 + Details
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