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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Interest income $ 44,978 $ 39,755 $ 85,685 $ 84,391
Interest expense — portfolio related 20,566 21,189 41,399 44,036
Net interest income — portfolio related 24,412 18,566 44,286 40,355
Interest expense — corporate debt 4,309 1,894 11,658 8,237
Net interest income 20,103 16,672 32,628 32,118
(Reversal of) provision for loan losses (1,000) 1,800 (895) 3,088
Net interest income after (reversal of) provision for loan losses 21,103 14,872 33,523 29,030
Other operating income        
Gain on disposition of loans 2,391 155 5,230 2,772
Unrealized gain (loss) on fair value loans 20 (13) 18 32
Other income (expense) 21 (1,481) (15) (2,524)
Total other operating income (loss) 2,432 (1,339) 5,233 280
Operating expenses        
Compensation and employee benefits 4,546 5,863 9,732 10,904
Rent and occupancy 430 448 893 903
Loan servicing 1,922 1,754 3,788 3,658
Professional fees 795 588 1,329 1,772
Real estate owned, net 1,039 408 1,548 1,542
Other operating expenses 1,918 1,847 3,977 4,180
Total operating expenses 10,650 10,908 21,267 22,959
Income before income taxes 12,885 2,625 17,489 6,351
Income tax expense 3,432 484 4,640 1,631
Net income 9,453 2,141 12,849 4,720
Less undistributed earnings attributable to participating securities 3,571   4,854  
Less deemed dividends on preferred stock   48,955   48,955
Net earnings attributable to common stockholders $ 5,882 $ (46,814) $ 7,995 $ (44,235)
Earnings per common share        
Basic $ 0.29 $ (2.33) $ 0.40 $ (2.20)
Diluted $ 0.28 $ (2.33) $ 0.38 $ (2.20)
Weighted average common shares outstanding        
Basic 20,087 20,087 20,087 20,087
Diluted 33,960 20,087 33,684 20,087