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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest Income      
Residential loans $ 114,715 $ 68,949 $ 67,016
Commercial loans 46,933 47,567 43,420
Real estate securities 97,448 125,482 115,563
Other interest income 336 72 157
Total interest income 259,432 242,070 226,156
Interest Expense      
Short-term debt (30,572) (25,990) (17,436)
Asset-backed securities issued (21,469) (31,227) (39,716)
Long-term debt (43,842) (30,246) (23,819)
Total interest expense (95,883) (87,463) (80,971)
Net Interest Income 163,549 154,607 145,185
Reversal of (provision for) loan losses 355 (961) (4,737)
Net Interest Income After Provision 163,904 153,646 140,448
Noninterest Income      
Mortgage banking and investment activities, net (10,385) 24,792 96,785
Mortgage servicing rights income (loss), net (3,922) (4,261) 20,309
Other income 3,192 1,781 0
Realized gains, net 36,369 15,478 25,259
Total non interest income, net 25,254 37,790 142,353
Operating expenses (97,416) (90,123) (86,607)
Other expense 0 0 (12,000)
Net income before provision for income taxes 91,742 101,313 184,194
Benefit from (provision for) income taxes 10,346 (744) (10,948)
Net income $ 102,088 $ 100,569 $ 173,246
Basic earnings per common share (usd per share) $ 1.20 $ 1.18 $ 2.05
Diluted earnings per common share (usd per share) 1.18 1.15 1.94
Regular dividends declared per common share (usd per share) $ 1.12 $ 1.12 $ 1.12
Basic weighted average shares outstanding (in shares) 82,945,103 82,837,369 81,985,897
Diluted weighted average shares outstanding (in shares) 84,518,395 85,098,579 93,694,924