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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
INTEREST INCOME (EXPENSE)    
Interest income $ 13,426 $ 12,329
Interest expense (7,248) (3,179)
Total net interest income 6,178 9,150
EXPENSES    
Management fees to affiliate 671 527
Professional fees 234 175
Compensation expense 189 159
Insurance Expense [1] 74 82
Other operating expenses [1] 349 329
Total expenses 1,517 1,272
OTHER INCOME (LOSS)    
Net realized gains (losses) on securities 1,927 (2,990)
Net realized gains (losses) on financial derivatives 15,955 1,653
Change in net unrealized gains (losses) on securities (27,061) (2,347)
Change in net unrealized gains (losses) on financial derivatives 565 (2,142)
Total other income (loss) (8,614) (5,826)
NET INCOME (LOSS) $ (3,953) $ 2,052
NET INCOME (LOSS) PER COMMON SHARE:    
Basic and Diluted (in dollars per share) $ (0.30) $ 0.22
CASH DIVIDENDS PER COMMON SHARE:    
Dividends declared (in dollars per share) $ 0.37 $ 0.40
[1] Conformed to current period presentation.