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v3.23.1

Segment Information - Financial Information by Segment (Details) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2023 | Mar. 31, 2022
Segment Reporting Information [Line Items] |  |
Interest income | $ 178,516 | $ 189,400
Interest expense | (152,079) | (136,298)
Net Interest Income | 26,437 | 53,102
Non-interest income (loss) |  |
Mortgage banking activities, net | 16,671 | 16,315
Investment fair value changes, net | (127) | (6,120)
Other income, net | 4,556 | 5,983
Realized gains (losses), net | (2) | 2,581
Total non-interest income, net | 21,098 | 18,759
General and administrative expenses | (35,555) | (33,276)
Portfolio Management Costs | (3,510) | (1,578)
Loan acquisition costs | (1,289) | (4,465)
Other expenses | (3,684) | (4,085)
Benefit from (provision for) income taxes | 1,123 | 2,458
Net Income | 4,620 | 30,915
Non-cash amortization (expense) income, net | (8,895) | 1,481
Operating Segments | Residential Mortgage Banking |  |
Segment Reporting Information [Line Items] |  |
Interest income | 5,510 | 12,967
Interest expense | (6,866) | (6,936)
Net Interest Income | (1,356) | 6,031
Non-interest income (loss) |  |
Mortgage banking activities, net | 3,365 | 7,935
Investment fair value changes, net | 1,076 | 0
Other income, net | 0 | 0
Realized gains (losses), net | 0 | 0
Total non-interest income, net | 4,441 | 7,935
General and administrative expenses | (4,806) | (6,101)
Portfolio Management Costs | 0 | 0
Loan acquisition costs | (175) | (1,417)
Other expenses | 0 | 0
Benefit from (provision for) income taxes | 633 | 1,007
Net Income | (1,263) | 7,455
Non-cash amortization (expense) income, net | (255) | 104
Operating Segments | Business Purpose Mortgage Banking |  |
Segment Reporting Information [Line Items] |  |
Interest income | 4,494 | 4,841
Interest expense | (4,038) | (2,568)
Net Interest Income | 456 | 2,273
Non-interest income (loss) |  |
Mortgage banking activities, net | 13,306 | 8,380
Investment fair value changes, net | 0 | 0
Other income, net | 2,408 | 575
Realized gains (losses), net | 0 | 0
Total non-interest income, net | 15,714 | 8,955
General and administrative expenses | (13,678) | (10,472)
Portfolio Management Costs | 0 | 0
Loan acquisition costs | (1,114) | (3,048)
Other expenses | (3,108) | (3,534)
Benefit from (provision for) income taxes | 703 | 3,281
Net Income | (1,027) | (2,545)
Non-cash amortization (expense) income, net | (3,701) | (3,890)
Operating Segments | Investment Portfolio |  |
Segment Reporting Information [Line Items] |  |
Interest income | 163,660 | 170,572
Interest expense | (123,452) | (116,581)
Net Interest Income | 40,208 | 53,991
Non-interest income (loss) |  |
Mortgage banking activities, net | 0 | 0
Investment fair value changes, net | (1,014) | (5,406)
Other income, net | 2,168 | 5,282
Realized gains (losses), net | (117) | 2,581
Total non-interest income, net | 1,037 | 2,457
General and administrative expenses | (1,409) | (1,555)
Portfolio Management Costs | (3,510) | (1,578)
Loan acquisition costs | 0 | 0
Other expenses | (576) | (551)
Benefit from (provision for) income taxes | (213) | (1,830)
Net Income | 35,537 | 50,934
Non-cash amortization (expense) income, net | (2,833) | 7,300
Corporate/ Other |  |
Segment Reporting Information [Line Items] |  |
Interest income | 4,852 | 1,020
Interest expense | (17,723) | (10,213)
Net Interest Income | (12,871) | (9,193)
Non-interest income (loss) |  |
Mortgage banking activities, net | 0 | 0
Investment fair value changes, net | (189) | (714)
Other income, net | (20) | 126
Realized gains (losses), net | 115 | 0
Total non-interest income, net | (94) | (588)
General and administrative expenses | (15,662) | (15,148)
Portfolio Management Costs | 0 | 0
Loan acquisition costs | 0 | 0
Other expenses | 0 | 0
Benefit from (provision for) income taxes | 0 | 0
Net Income | (28,627) | (24,929)
Non-cash amortization (expense) income, net | $ (2,106) | $ (2,033)

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- Definition Amount of unrealized gain (loss) on investment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585 + Details
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