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Quarterly Financial Data (unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Data | The following table is a comparative breakdown of our unaudited quarterly results for the immediately preceding eight quarters (amounts in thousands, except per share data):
| Three Months Ended
| Mar 31, 2017 |  | Jun 30, 2017 |  | Sep 30, 2017 |  | Dec 31, 2017
Interest income | $ | 78,385 |  |  | $ | 93,981 |  |  | $ | 91,382 |  |  | $ | 102,339 |
Interest expense | 64,467 |  |  | 78,273 |  |  | 78,062 |  |  | 87,299 |
Net interest income | 13,918 |  |  | 15,708 |  |  | 13,320 |  |  | 15,040 |
Other income: |  |  |  |  |  |  |
Recovery of (provision for) loan losses | 188 |  |  | (300 | ) |  | 563 |  |  | 1,288 |
Realized (loss) gain on investment securities and related hedges, net | (1,223 | ) |  | 1,114 |  |  | 4,059 |  |  | (62 | )
Realized gain on distressed residential mortgage loans at carrying value, net | 11,971 |  |  | 2,364 |  |  | 6,689 |  |  | 5,025 |
Net gain on residential mortgage loans at fair value | — |  |  | — |  |  | 717 |  |  | 961 |
Unrealized gain (loss) on investment securities and related hedges, net | 1,546 |  |  | (1,051 | ) |  | 1,192 |  |  | 268 |
Unrealized gain on multi-family loans and debt held in securitization trusts, net | 1,384 |  |  | 1,447 |  |  | 2,353 |  |  | 13,688 |
Income from operating real estate and real estate held for sale in consolidated variable interest entities | — |  |  | 2,316 |  |  | 2,429 |  |  | 2,535 |
Other income | 2,839 |  |  | 2,282 |  |  | 6,916 |  |  | 1,515 |
Total other income | 16,705 |  |  | 8,172 |  |  | 24,918 |  |  | 25,218 |
General, administrative and operating expenses | 10,204 |  |  | 11,589 |  |  | 10,996 |  |  | 8,288 |
Income from operations before income taxes | 20,419 |  |  | 12,291 |  |  | 27,242 |  |  | 31,970 |
Income tax expense | 1,237 |  |  | 442 |  |  | 507 |  |  | 1,169 |
Net income | 19,182 |  |  | 11,849 |  |  | 26,735 |  |  | 30,801 |
Net loss (income) attributable to non-controlling interest in consolidated variable interest entities | — |  |  | 2,487 |  |  | 1,110 |  |  | (184 | )
Net income attributable to Company | 19,182 |  |  | 14,336 |  |  | 27,845 |  |  | 30,617 |
Preferred stock dividends | (3,225 | ) |  | (3,225 | ) |  | (3,225 | ) |  | (5,985 | )
Net income attributable to Company's common stockholders | $ | 15,957 |  |  | $ | 11,111 |  |  | $ | 24,620 |  |  | $ | 24,632 |
Basic earnings per common share | $ | 0.14 |  |  | $ | 0.10 |  |  | $ | 0.22 |  |  | $ | 0.22 |
Diluted earnings per common share | $ | 0.14 |  |  | $ | 0.10 |  |  | $ | 0.21 |  |  | $ | 0.21 |
Dividends declared per common share | $ | 0.20 |  |  | $ | 0.20 |  |  | $ | 0.20 |  |  | $ | 0.20 |
Weighted average shares outstanding-basic | 111,721 |  |  | 111,863 |  |  | 111,886 |  |  | 111,871 |
Weighted average shares outstanding-diluted | 126,602 |  |  | 111,863 |  |  | 131,580 |  |  | 131,565 |
| Three Months Ended
| Mar 31, 2016 |  | Jun 30, 2016 |  | Sep 30, 2016 |  | Dec 31, 2016
Interest income | $ | 81,626 |  |  | $ | 79,766 |  |  | $ | 79,525 |  |  | $ | 78,389 |
Interest expense | 63,984 |  |  | 63,102 |  |  | 64,007 |  |  | 63,575 |
Net interest income | 17,642 |  |  | 16,664 |  |  | 15,518 |  |  | 14,814 |
Other income: |  |  |  |  |  |  |
Recovery of (provision for) loan losses | 645 |  |  | 42 |  |  | (26 | ) |  | 177 |
Realized gain (loss) on investment securities and related hedges, net | 1,266 |  |  | 1,761 |  |  | 2,306 |  |  | (8,978 | )
Realized gain on distressed residential mortgage loans at carrying value, net | 5,548 |  |  | 26 |  |  | 6,416 |  |  | 2,875 |
Unrealized (loss) gain on investment securities and related hedges, net | (2,490 | ) |  | (667 | ) |  | 1,563 |  |  | 8,664 |
Unrealized gain on multi-family loans and debt held in securitization trusts, net | 818 |  |  | 784 |  |  | 738 |  |  | 692 |
Other income | 3,073 |  |  | 8,125 |  |  | 5,635 |  |  | 2,245 |
Total other income | 8,860 |  |  | 10,071 |  |  | 16,632 |  |  | 5,675 |
General, administrative and operating expenses | 9,360 |  |  | 9,936 |  |  | 8,705 |  |  | 7,220 |
Income from operations before income taxes | 17,142 |  |  | 16,799 |  |  | 23,445 |  |  | 13,269 |
Income tax expense | 191 |  |  | 2,366 |  |  | 163 |  |  | 375 |
Net income | 16,951 |  |  | 14,433 |  |  | 23,282 |  |  | 12,894 |
Net loss (income) attributable to non-controlling interest | — |  |  | 2 |  |  | (14 | ) |  | 3 |
Net income attributable to Company | 16,951 |  |  | 14,435 |  |  | 23,268 |  |  | 12,897 |
Preferred stock dividends | (3,225 | ) |  | (3,225 | ) |  | (3,225 | ) |  | (3,225 | )
Net income attributable to Company's common stockholders | $ | 13,726 |  |  | $ | 11,210 |  |  | $ | 20,043 |  |  | $ | 9,672 |
Basic earnings per common share | $ | 0.13 |  |  | $ | 0.10 |  |  | $ | 0.18 |  |  | $ | 0.09 |
Diluted earnings per common share | $ | 0.13 |  |  | $ | 0.10 |  |  | $ | 0.18 |  |  | $ | 0.09 |
Dividends declared per common share | $ | 0.24 |  |  | $ | 0.24 |  |  | $ | 0.24 |  |  | $ | 0.24 |
Weighted average shares outstanding-basic | 109,402 |  |  | 109,489 |  |  | 109,569 |  |  | 109,911 |
Weighted average shares outstanding-diluted | 109,402 |  |  | 109,489 |  |  | 109,569 |  |  | 109,911 |

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