Cys investments, inc. (CYS)
Income statement / Quarterly
Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest income:
Interest income:
Agency RMBS

85,986

75,358

78,809

77,027

73,227

66,996

68,602

74,176

81,323

84,831

83,816

79,579

80,060

82,338

74,052

65,420

80,186

91,739

85,599

80,991

72,101

78,852

75,609

70,352

64,147

-

63,548

64,681

-

-

-

Other

2,692

6,063

152

61

86

1,572

1,059

681

128

1,000

166

953

790

1,261

3,080

6,558

4,181

1

0

520

960

-

-

-

-

-

-

-

-

-

-

Total interest income

88,678

81,421

78,961

77,088

73,313

68,568

69,661

74,857

81,451

85,831

83,982

80,532

80,850

83,599

77,132

71,978

84,367

91,740

85,599

81,511

73,061

79,499

76,631

71,747

65,369

-

64,566

65,720

-

-

-

Interest expense:
Repurchase agreements

41,117

35,242

31,971

26,182

21,221

20,169

17,265

16,910

15,886

-

10,232

9,607

-

9,162

7,657

7,583

9,423

-

11,969

14,047

-

-

-

-

-

-

-

-

-

-

-

FHLBC Advances

-

-

0

0

-

-1

214

1,777

2,059

-

2,029

655

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INVESTMENT INCOME - Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,980

16,311

17,265

Total interest expense

41,117

35,242

31,971

26,182

21,221

20,168

17,479

18,687

17,945

13,964

12,261

10,262

9,642

-55,006

33,446

27,039

28,346

-60,683

35,713

40,746

36,987

77,154

11,893

8,993

6,853

6,437

4,778

4,470

3,104

1,109

1,081

Net interest income

47,561

46,179

46,990

50,906

52,092

48,400

52,182

56,170

63,506

71,867

71,721

70,270

71,208

138,605

43,686

44,939

56,021

152,423

49,886

40,765

36,074

-

-

-

-

-

-

-

-

-

-

Other income (loss):
Net investment income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59,398

57,475

53,397

51,120

49,956

56,385

33,458

12,485

14,098

Net realized gain (loss) on investments

-71,191

-23,647

-5,215

-19,831

-66,044

-36,253

18,155

36,359

1,202

-3,704

-10,332

9,435

18,253

42,305

40,470

33,118

16,670

-22,650

-407,728

-211,418

46,680

110,511

27,049

61,113

5,173

7,142

13,267

9,438

5,909

9,909

-2,168

Net unrealized gain (loss) on investments

-166,009

-56,651

36,337

51,299

63,478

-287,161

-36,540

28,915

162,286

-134,708

106,154

-176,899

75,689

99,135

-112,085

157,479

89,234

-167,671

423,509

-444,877

-125,491

-206,505

194,078

7,473

27,977

-15,730

107,692

119,787

13,911

-

-

Net unrealized gain (loss) on swap and cap contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58,909

-65,181

-16,240

-

-55,243

215,546

23,417

16,965

-21,363

-11,669

-5,923

16,255

-59,125

-67,820

10,678

-28,051

1,483

Net unrealized gain (loss) on FHLBC Advances

-

-

0

0

-

0

0

-448

-851

2,036

-726

-11

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

39

39

38

39

47

203

308

387

463

409

300

118

40

50

50

50

119

3

37

40

40

-3,559

1,022

1,395

1,222

-

1,018

1,039

-

-

-

Net realized and unrealized gain (loss) on investments and other income

-237,161

-80,259

31,160

31,507

-2,519

-323,211

-18,077

65,213

163,100

-135,967

95,396

-167,357

93,982

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest rate hedge expense, net

2,508

-

-

-

8,327

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Swap and cap interest expense

-

-

-6,948

-8,434

-

-

-12,493

-14,779

-18,398

-

-24,681

-24,992

-27,468

-26,644

-25,789

-19,456

-18,923

-

-23,744

-26,699

-

-19,328

-17,255

-12,687

-11,506

-13,284

-15,469

-14,875

-11,859

-4,809

-3,138

Net realized and unrealized gain (loss) on derivative instruments

89,468

54,969

22,117

-18,324

-1,012

109,951

63,625

-44,535

-140,524

91,986

-100,597

31,047

-77,368

-

0

-6,004

-9,323

-

25,707

7,329

8,630

0

0

0

0

-

0

-3,493

-

-6,292

-17,205

Net gain (loss) on derivative instruments

86,960

49,128

15,169

-26,758

-9,339

99,823

51,132

-59,314

-158,922

69,017

-125,278

6,055

-104,836

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other income (loss)

-150,201

-31,131

46,329

4,749

-11,858

-223,388

33,055

5,899

4,178

-66,950

-29,882

-161,302

-10,854

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net unrealized appreciation (depreciation) on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-18,667

-34,535

Net gain (loss) from investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

221,127

68,586

33,150

-8,588

120,959

129,225

19,820

28,576

32,367

Expenses:
Total other income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,656

119,462

80,460

-

-13,718

-433,380

-46,724

-

-

-

-

-

-

-

-

-

-

Expenses:
Management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,291

3,311

2,840

1,695

1,152

Compensation and benefits

3,192

3,985

2,994

3,004

3,776

1,885

3,619

3,565

3,865

1,200

3,655

3,712

3,554

2,997

3,767

3,712

3,629

2,401

3,453

3,425

3,320

2,686

3,068

3,346

3,164

2,366

4,338

589

544

389

-

Related party management compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

315

General, administrative and other

2,676

2,232

2,140

2,426

2,438

3,287

2,608

2,294

2,488

2,069

2,157

2,293

2,203

2,027

2,278

2,308

2,165

1,813

2,144

2,246

2,233

2,101

2,272

1,933

1,955

1,708

3,203

965

1,034

633

619

Total expenses

5,868

6,217

5,134

5,430

6,214

5,172

6,227

5,859

6,353

3,269

5,812

6,005

5,757

5,024

6,045

6,020

5,794

4,214

5,597

5,671

5,553

-22,952

17,233

14,272

11,972

10,511

14,610

9,335

7,522

3,826

3,167

Net gain (loss) from swap and cap contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-38,618

-24,356

-17,429

1,561

-74,594

-86,188

-1,181

-39,152

-18,860

Net income (loss)

-108,508

8,831

88,185

50,225

34,020

-180,160

79,010

56,210

61,331

1,648

36,027

-97,037

54,597

111,556

24,985

158,381

130,687

-91,864

30,571

-398,286

-16,203

-39,943

241,907

101,705

69,118

44,093

96,321

99,422

52,097

1,909

27,605

Less dividends on preferred shares

5,203

-

5,203

5,203

5,203

-

5,203

5,203

5,203

-

5,203

5,203

5,203

-

5,203

5,203

5,203

-

5,203

3,995

1,453

-

953

0

0

-

0

-

-

-

-

Net income (loss) available to common stockholders

-113,711

3,628

82,982

45,022

28,817

-185,363

73,807

51,007

56,128

-3,556

30,824

-102,240

49,394

106,353

19,782

153,178

125,484

-97,067

25,368

-402,281

-17,656

-41,395

240,954

101,705

69,118

-

96,321

-

-

-

-

Net income (loss) per common share basic & diluted

-0.74

0.02

0.54

0.30

0.19

-1.24

0.49

0.34

0.37

-0.02

0.20

-0.66

0.31

0.65

0.12

0.95

0.78

-0.62

0.14

-2.32

-0.10

-0.35

1.46

0.87

0.66

0.56

1.16

1.20

0.74

-

-

Dividends declared per common share

0.22

-

0.25

0.25

0.25

-

0.25

0.25

0.26

-

0.26

0.28

0.30

-

0.30

0.32

0.32

-

0.34

0.34

0.32

-

-

-

-

-

-

-

-

-

-

Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.05

1.47

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.05

1.46