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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest Income        
Residential loans $ 29,472 $ 19,280 $ 80,289 $ 45,539
Commercial loans 11,191 12,603 34,784 34,204
Real estate securities 22,749 31,461 75,363 97,062
Other interest income 72 7 167 15
Total interest income 63,484 63,351 190,603 176,820
Interest Expense        
Short-term debt (7,627) (8,441) (21,378) (17,409)
Asset-backed securities issued (5,190) (7,838) (17,037) (24,462)
Long-term debt (11,058) (7,071) (32,429) (21,689)
Total Interest Expense (23,875) (23,350) (70,844) (63,560)
Net Interest Income 39,609 40,001 119,759 113,260
Reversal of provision for loan losses 60 1,596 115 629
Net Interest Income After Provision 39,669 41,597 119,874 113,889
Noninterest Income        
Mortgage banking and investment activities (12,836) 14,166 (6,399) 9,984
Mortgage servicing rights income (loss), net 3,549 5,821 (6,545) 4,650
Other income 327 1,600 2,435 1,600
Realized gains, net 5,548 8,532 16,170 10,687
Total non-interest income (loss) (3,412) 30,119 5,661 26,921
Operating expenses (24,497) (21,406) (74,778) (63,660)
Net income before provision for income taxes 11,760 50,310 50,757 77,150
Benefit from (provision for) income taxes 7,404 (5,213) 10,272 (3,703)
Net Income $ 19,164 $ 45,097 $ 61,029 $ 73,447
Basic earnings per common share (usd per share) $ 0.22 $ 0.53 $ 0.71 $ 0.87
Diluted earnings per common share (usd per share) 0.22 0.50 0.69 0.84
Regular dividends declared per common share (usd per share) $ 0.28 $ 0.28 $ 0.84 $ 0.84
Basic weighted average shares outstanding (shares) 83,787,533 83,017,534 83,696,461 82,722,079
Diluted weighted average shares outstanding (shares) 85,074,704 96,956,232 85,338,996 85,031,130