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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Interest income $ 46,923 $ 41,374 $ 132,608 $ 125,766
Interest expense — portfolio related 20,321 22,347 61,720 66,384
Net interest income — portfolio related 26,602 19,027 70,888 59,382
Interest expense — corporate debt 4,488 1,913 16,147 10,149
Net interest income 22,114 17,114 54,741 49,233
Provision for (reversal of) loan losses 228 1,573 (668) 4,662
Net interest income after provision for (reversal of) loan losses 21,886 15,541 55,409 44,571
Other operating income        
Gain (loss) on disposition of loans 306 (51) 5,536 2,721
Unrealized gain on fair value loans   379 18 411
Other income (expense) 33 1,021 18 (1,504)
Total other operating income 339 1,349 5,572 1,628
Operating expenses        
Compensation and employee benefits 4,738 5,692 14,470 16,595
Rent and occupancy 447 415 1,340 1,319
Loan servicing 2,014 2,168 5,803 5,825
Professional fees 736 1,051 2,064 2,823
Real estate owned, net 1,186 898 2,734 2,439
Other operating expenses 2,177 1,641 6,154 5,822
Total operating expenses 11,298 11,865 32,565 34,823
Income before income taxes 10,927 5,025 28,416 11,376
Income tax expense 2,905 1,544 7,545 3,175
Net income 8,022 3,481 20,871 8,201
Less undistributed earnings attributable to participating securities 3,030   7,884  
Less deemed dividends on preferred stock       48,955
Net earnings (loss) attributable to common stockholders $ 4,992 $ 3,481 $ 12,987 $ (40,754)
Earnings (loss) per common share        
Basic $ 0.25 $ 0.17 $ 0.65 $ (2.03)
Diluted $ 0.23 $ 0.11 $ 0.62 $ (2.03)
Weighted average common shares outstanding        
Basic 20,090 20,087 20,088 20,087
Diluted 34,212 32,435 33,858 20,087