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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015
INCOME |  |  |  |
Loan interest income | $ 16,378 | $ 10,793 | $ 32,192 | $ 17,677
Interest expense | (6,063) | (2,269) | (11,050) | (3,344)
Net interest income | 10,315 | 8,524 | 21,142 | 14,333
Income from investment in Manager | 46 | 64 | 90 | 104
Other income | 327 | 222 | 867 | 406
Total income | 10,688 | 8,810 | 22,099 | 14,843
EXPENSE |  |  |  |
Related party expense - loan servicing fees | 1,453 | 851 | 2,856 | 1,507
Related party expense - management fees | 937 | 856 | 1,843 | 1,603
Loan transaction expense | 574 | 729 | 787 | 989
Professional fees | 407 | 356 | 821 | 741
Real estate operating expenses | 113 | 54 | 275 | 64
Other expense | 317 | 289 | 670 | 449
Total expense | 3,801 | 3,135 | 7,252 | 5,353
Income before provision for income taxes | 6,887 | 5,675 | 14,847 | 9,490
Provision for income taxes | 26 | 16 | 23 | 16
Consolidated net income | 6,861 | 5,659 | 14,824 | 9,474
Less: consolidated net income attributable to the non-controlling interest | 256 | 223 | 568 | 398
Consolidated net income attributable to common stockholders | $ 6,605 | $ 5,436 | $ 14,256 | $ 9,076
Basic earnings per common share (in dollars per share) | $ 0.42 | $ 0.36 | $ 0.92 | $ 0.64
Diluted earnings per common share (in dollars per share) | $ 0.42 | $ 0.36 | $ 0.92 | $ 0.64
Weighted average shares - basic (in shares) | 15,742,932 | 15,237,739 | 15,524,725 | 14,129,162
Weighted average shares - diluted (in shares) | 16,389,126 | 15,909,634 | 16,174,164 | 14,801,319

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