XML 148 R133.htm IDEA: XBRL DOCUMENT v3.8.0.1
Quarterly Financial Data (unaudited) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]                      
Interest income $ 102,339 $ 91,382 $ 93,981 $ 78,385 $ 78,389 $ 79,525 $ 79,766 $ 81,626 $ 366,087 $ 319,306 $ 336,768
Interest expense 87,299 78,062 78,273 64,467 63,575 64,007 63,102 63,984      
NET INTEREST INCOME 15,040 13,320 15,708 13,918 14,814 15,518 16,664 17,642 57,986 64,638 76,117
Other income:                      
Recovery of (provision for) for loan losses 1,288 563 (300) 188 177 (26) 42 645 1,739 838 (1,363)
Realized (loss) gain on investment securities and related hedges, net (62) 4,059 1,114 (1,223)         3,888 (3,645) (4,617)
Realized gain on distressed residential mortgage loans at carrying value, net 5,025 6,689 2,364 11,971 (8,978) 2,306 1,761 1,266      
Net gain on residential mortgage loans at fair value 961 717 0 0         1,678 0 0
Unrealized gain (loss) on investment securities and related hedges, net 268 1,192 (1,051) 1,546 2,875 6,416 26 5,548 1,955 7,070 (2,641)
Unrealized gain on multi-family loans and debt held in securitization trusts, net 13,688 2,353 1,447 1,384 8,664 1,563 (667) (2,490) 18,872 3,032 12,368
Income from operating real estate and real estate held for sale in consolidated variable interest entities 2,535 2,429 2,316 0         7,280 0 0
Unrealized gain on multi-family loans and debt held in securitization trusts, net         692 738 784 818      
Other income 1,515 6,916 2,282 2,839 2,245 5,635 8,125 3,073      
Total other income 25,218 24,918 8,172 16,705 5,675 16,632 10,071 8,860 75,013 41,238 45,911
General, administrative and operating expenses 8,288 10,996 11,589 10,204 7,220 8,705 9,936 9,360 18,357 15,246 9,928
Income from operations before income taxes 31,970 27,242 12,291 20,419 13,269 23,445 16,799 17,142      
Income tax expense 1,169 507 442 1,237 375 163 2,366 191 3,355 3,095 4,535
Net income 30,801 26,735 11,849 19,182 12,894 23,282 14,433 16,951 88,567 67,560 78,013
Net loss (income) attributable to non-controlling interest in consolidated variable interest entities (184) 1,110 2,487 0 3 (14) 2 0 3,413 (9)  
NET INCOME ATTRIBUTABLE TO COMPANY 30,617 27,845 14,336 19,182 12,897 23,268 14,435 16,951 91,980 67,551 78,013
Preferred stock dividends (5,985) (3,225) (3,225) (3,225) (3,225) (3,225) (3,225) (3,225) (15,660) (12,900) (10,990)
NET INCOME ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS $ 24,632 $ 24,620 $ 11,111 $ 15,957 $ 9,672 $ 20,043 $ 11,210 $ 13,726 $ 76,320 $ 54,651 $ 67,023
Basic earnings per common share (in dollars per share) $ 0.22 $ 0.22 $ 0.10 $ 0.14 $ 0.09 $ 0.18 $ 0.10 $ 0.13 $ 0.68 $ 0.50 $ 0.62
Diluted earnings per common share (in dollars per share) 0.21 0.21 0.10 0.14 0.09 0.18 0.10 0.13 $ 0.66 $ 0.50 $ 0.62
Dividends declared per common share (in dollars per share) $ 0.2 $ 0.2 $ 0.2 $ 0.2 $ 0.24 $ 0.24 $ 0.24 $ 0.24      
Weighted average shares outstanding-basic (in shares) 111,871 111,886 111,863 111,721 109,911 109,569 109,489 109,402 111,836 109,594 108,399
Weighted average shares outstanding-diluted (in shares) 131,565 131,580 111,863 126,602 109,911 109,569 109,489 109,402 130,343 109,594 108,399