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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Cash and cash equivalents $ 41,016 $ 56,117
Mortgage-backed securities, at fair value 1,575,983 1,685,998
Due from brokers 27,044 26,754
Financial derivatives–assets, at fair value [1] 23,049 8,792
Reverse repurchase agreements [1] 26,769 81,461
Receivable for securities sold 52,531 21,606
Interest receivable 5,675 5,784
Other assets 717 575
Total Assets 1,752,784 1,887,087
LIABILITIES    
Repurchase agreements [1] 1,500,632 1,597,206
Payable for securities purchased 36,539 3,830
Due to brokers 8,298 489
Financial derivatives–liabilities, at fair value [1] 333 1,863
U.S. Treasury securities sold short, at fair value 26,367 81,289
Dividend payable 4,700 4,936
Accrued expenses 704 728
Management fee payable to affiliate 641 725
Interest payable 4,340 3,318
Total Liabilities 1,582,554 1,694,384
SHAREHOLDERS' EQUITY    
Preferred shares, par value $0.01 per share, 100,000,000 shares authorized; (0 shares issued and outstanding, respectively) 0 0
Common shares, par value $0.01 per share, 500,000,000 shares authorized; (12,703,474 and 13,340,217 shares issued and outstanding, respectively) 127 134
Additional paid-in-capital 232,967 240,062
Accumulated deficit (62,864) (47,493)
Total Shareholders' Equity 170,230 192,703
Total Liabilities and Shareholders' Equity $ 1,752,784 $ 1,887,087
[1] In the Company's Consolidated Balance Sheet, all balances associated with the repurchase agreements and financial derivatives are presented on a gross basis.