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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.