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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Preferred Stock | Common Stock | Preferred Stock | Preferred Stock Preferred Stock | Additional Paid-In Capital | Retained Earnings (Accumulated Deficit) | Accumulated Other Comprehensive (Loss) Income | Total Company Stockholders' Equity | Total Company Stockholders' Equity Preferred Stock | Non-Controlling Interest in Consolidated VIE
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Beginning balance at Dec. 31, 2017 | $ 976,001 |  | $ 1,119 | $ 289,755 |  | $ 751,155 | $ (75,717) | $ 5,553 | $ 971,865 |  | $ 4,136
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |  |  |  |
Net income | 95,286 |  |  |  |  |  | 93,285 |  | 93,285 |  | 2,001
Stock issuance, net | 176,723 |  | 293 |  |  | 176,430 |  |  | 176,723 |  |
Dividends declared on common stock | (75,529) |  |  |  |  |  | (75,529) |  | (75,529) |  |
Dividends declared on preferred stock | (17,775) |  |  |  |  |  | (17,775) |  | (17,775) |  |
Reclassification adjustment for net gain included in net income | 0 |  |  |  |  |  |  |  |  |  |
Increase in fair value of available for sale securities | (40,876) |  |  |  |  |  |  | (40,876) | (40,876) |  |
Decrease in non-controlling interest related to distributions from and de-consolidation of variable interest entities | 5,141 |  |  |  |  |  |  |  |  |  | 5,141
Ending balance at Sep. 30, 2018 | 1,108,689 |  | 1,412 | 289,755 |  | 927,585 | (75,736) | (35,323) | 1,107,693 |  | 996
Beginning balance at Dec. 31, 2017 | 976,001 |  | 1,119 | 289,755 |  | 751,155 | (75,717) | 5,553 | 971,865 |  | 4,136
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |  |  |  |
Stock issuance, net |  |  |  |  | $ 30,446 |  |  |  |  |  |
Ending balance at Dec. 31, 2018 | 1,180,293 |  | 1,556 | 289,755 |  | 1,013,391 | (103,178) | (22,135) | 1,179,389 |  | 904
Beginning balance at Jun. 30, 2018 | 1,016,202 |  | 1,243 | 289,755 |  | 825,960 | (75,541) | (25,449) | 1,015,968 |  | 234
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |  |  |  |
Net income | 34,448 |  |  |  |  |  | 33,973 |  | 33,973 |  | 475
Stock issuance, net | 101,794 |  | 169 |  |  | 101,625 |  |  | 101,794 |  |
Dividends declared on common stock | (28,243) |  |  |  |  |  | (28,243) |  | (28,243) |  |
Dividends declared on preferred stock | (5,925) |  |  |  |  |  | (5,925) |  | (5,925) |  |
Reclassification adjustment for net gain included in net income | 0 |  |  |  |  |  |  |  |  |  |
Increase in fair value of available for sale securities | (9,874) |  |  |  |  |  |  | (9,874) | (9,874) |  |
Increase in non-controlling interest in variable interest entities | 287 |  |  |  |  |  |  |  |  |  | 287
Ending balance at Sep. 30, 2018 | 1,108,689 |  | 1,412 | 289,755 |  | 927,585 | (75,736) | (35,323) | 1,107,693 |  | 996
Beginning balance at Dec. 31, 2018 | 1,180,293 |  | 1,556 | 289,755 |  | 1,013,391 | (103,178) | (22,135) | 1,179,389 |  | 904
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |  |  |  |
Net income | 107,609 |  |  |  |  |  | 108,254 |  | 108,254 |  | (645)
Stock issuance, net | 636,340 | $ 30,446 | 1,070 |  |  | 635,270 |  |  | 636,340 | $ 30,446 |
Dividends declared on common stock | (132,246) |  |  |  |  |  | (132,246) |  | (132,246) |  |
Dividends declared on preferred stock | (18,726) |  |  |  |  |  | (18,726) |  | (18,726) |  |
Reclassification adjustment for net gain included in net income | (18,109) |  |  |  |  |  |  | (18,109) | (18,109) |  |
Increase in fair value of available for sale securities | 62,160 |  |  |  |  |  |  | 62,160 | 62,160 |  |
Decrease in non-controlling interest related to distributions from and de-consolidation of variable interest entities | 768 |  |  |  |  |  |  |  |  |  | 768
Ending balance at Sep. 30, 2019 | 1,846,999 |  | 2,626 | 320,201 |  | 1,648,661 | (145,896) | 21,916 | 1,847,508 |  | (509)
Beginning balance at Jun. 30, 2019 | 1,527,682 |  | 2,109 | 305,842 |  | 1,337,330 | (128,207) | 11,004 | 1,528,078 |  | (396)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |  |  |  |  |
Net income | 41,266 |  |  |  |  |  | 41,379 |  | 41,379 |  | (113)
Stock issuance, net | 311,848 | $ 14,359 | 517 |  | $ 14,359 | 311,331 |  |  | 311,848 | $ 14,359 |
Dividends declared on common stock | (52,524) |  |  |  |  |  | (52,524) |  | (52,524) |  |
Dividends declared on preferred stock | (6,544) |  |  |  |  |  | (6,544) |  | (6,544) |  |
Reclassification adjustment for net gain included in net income | (4,444) |  |  |  |  |  |  | (4,444) | (4,444) |  |
Increase in fair value of available for sale securities | 15,356 |  |  |  |  |  |  | 15,356 | 15,356 |  |
Ending balance at Sep. 30, 2019 | $ 1,846,999 |  | $ 2,626 | $ 320,201 |  | $ 1,648,661 | $ (145,896) | $ 21,916 | $ 1,847,508 |  | $ (509)

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