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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2016 | Mar. 31, 2015
INTEREST INCOME (EXPENSE) |  |  |
Interest income |  | $ 9,651 | $ 10,280
Interest expense |  | (2,051) | (1,258)
Total net interest income |  | 7,600 | 9,022
EXPENSES |  |  |
Management fees |  | 528 | 610
Professional fees |  | 218 | 143
Compensation expense | [1] | 151 | 193
Other operating expenses | [1] | 454 | 470
Total expenses |  | 1,351 | 1,416
OTHER INCOME (LOSS) |  |  |
Net realized gains (losses) on securities |  | 3,010 | 6,722
Net realized gains (losses) on financial derivatives |  | (3,996) | (8,743)
Change in net unrealized gains (losses) on securities |  | 8,633 | 5,186
Change in net unrealized gains (losses) on financial derivatives |  | (14,135) | (7,094)
Total other income (loss) |  | (6,488) | (3,929)
NET INCOME (LOSS) |  | $ (239) | $ 3,677
NET INCOME (LOSS) PER COMMON SHARE: |  |  |
Basic and Diluted (in dollars per share) |  | $ (0.03) | $ 0.40
CASH DIVIDENDS PER COMMON SHARE: |  |  |
Dividends declared (in dollars per share) |  | $ 0.45 | $ 0.55
[1] | Conformed to current period presentation.

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