| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Revenues: | |||||||||
Gain on sale of loans, net | |||||||||
98,830 | 66,750 | 136,147 | 311,017 | 169,206 | 28,217 | 57,188 | 72,719 | - | - |
Net interest income | |||||||||
- | - | - | - | - | - | - | - | 3,592 | 5,710 |
Change in fair value of net trust assets, excluding REO | |||||||||
- | - | - | - | - | - | - | - | 26,026 | 11,110 |
Gains (losses) from REO | |||||||||
- | - | - | - | - | - | - | - | 16,587 | 6,798 |
Non-interest (loss) income - net trust assets | |||||||||
- | - | - | - | - | - | - | - | 9,439 | 4,312 |
Mortgage lending gains and fees, net | |||||||||
- | - | - | - | - | - | - | - | 13,849 | - |
Real estate services fees, net | |||||||||
- | - | - | 8,395 | 9,850 | 14,729 | 19,370 | 21,218 | 42,153 | 57,168 |
Servicing fees, net | |||||||||
12,943 | 37,257 | 31,902 | 13,734 | 6,102 | 4,586 | 4,240 | 1,198 | - | - |
Loss on mortgage servicing rights, net | |||||||||
-24,911 | -3,625 | -35,880 | -36,441 | -18,598 | -5,116 | 6,567 | - | - | - |
Real estate services fees, net | |||||||||
3,287 | 4,327 | 5,856 | - | - | - | - | - | - | - |
Other | |||||||||
479 | 291 | 680 | 1,051 | 397 | 1,723 | - | - | - | - |
Change in fair value of long-term debt | |||||||||
- | - | - | - | - | - | - | - | - | 689 |
Gain on sale of Experience 1, Inc. | |||||||||
- | - | - | - | - | - | - | - | 1,940 | - |
Other | |||||||||
- | - | - | - | - | - | 1,004 | 957 | 2,097 | 1,295 |
Total revenues | |||||||||
90,628 | 105,000 | 138,705 | 297,756 | 166,957 | 44,139 | 88,369 | 96,092 | - | - |
Expenses: | |||||||||
Total non-interest income | |||||||||
- | - | - | - | - | - | - | - | 69,478 | 63,464 |
Personnel expense | |||||||||
65,191 | 64,143 | 89,647 | 124,559 | 77,821 | 37,398 | 64,769 | 56,916 | 46,362 | 42,272 |
Business promotion | |||||||||
9,319 | 26,900 | 40,276 | 42,571 | 27,650 | 1,182 | - | - | - | - |
General, administrative and other | |||||||||
22,410 | 35,339 | 37,424 | 33,771 | 27,988 | 18,760 | 14,805 | 11,498 | 9,583 | 10,406 |
Intangible asset impairment | |||||||||
- | 18,347 | - | - | - | - | - | - | - | - |
Goodwill impairment | |||||||||
- | 104,587 | 351 | - | - | - | - | - | - | - |
Accretion of contingent consideration | |||||||||
- | - | 2,058 | 6,997 | 8,142 | - | - | - | - | - |
Change in fair value of contingent consideration | |||||||||
- | - | -13,326 | 30,145 | -45,920 | - | - | - | - | - |
Occupancy expense | |||||||||
- | - | - | - | - | - | 6,432 | 5,674 | 4,643 | 4,155 |
Legal and professional expense | |||||||||
- | - | - | - | - | - | 3,954 | 2,788 | 2,894 | 2,291 |
Total expenses | |||||||||
96,920 | 249,352 | 156,430 | 238,043 | 95,681 | 57,340 | 89,960 | 76,876 | - | - |
Operating loss | |||||||||
-6,292 | -144,352 | -17,725 | 59,713 | 71,276 | -13,201 | - | - | - | - |
Other income (expense): | |||||||||
Interest income | |||||||||
165,198 | 186,848 | 230,330 | 263,600 | 276,799 | 295,656 | 310,391 | 478,647 | 737,464 | 985,150 |
Interest expense | |||||||||
155,868 | 184,331 | 225,987 | 260,810 | 274,853 | 294,521 | 310,477 | 476,828 | 733,872 | 979,440 |
Loss on extinguishment of debt | |||||||||
- | - | -1,265 | - | - | - | - | - | - | - |
Change in fair value of long-term debt | |||||||||
1,429 | -3,978 | 2,949 | 14,436 | 8,661 | 4,014 | 687 | -1,145 | - | - |
Change in fair value of net trust assets, including trust REO losses | |||||||||
-9,831 | -2,549 | 6,213 | -304 | -5,638 | 11,063 | -3,678 | -7,891 | - | - |
Total other (expense) income, net | |||||||||
-1,930 | 3,946 | 6,342 | -11,950 | -12,353 | 8,184 | -4,451 | -4,927 | - | - |
Data processing expense | |||||||||
- | - | - | - | - | - | - | - | 2,665 | 2,246 |
Total non-interest expense | |||||||||
- | - | - | - | - | - | - | - | 66,147 | 61,370 |
Loss before income taxes | |||||||||
-8,222 | -140,406 | -11,383 | 47,763 | 58,923 | -5,017 | -6,042 | 14,289 | 6,923 | 7,804 |
Income tax (benefit) expense | |||||||||
-245 | 5,000 | 20,138 | 1,093 | -21,876 | 1,305 | -1,031 | 1,244 | 1,194 | 205 |
Net loss from continuing operations | |||||||||
- | - | - | - | - | - | -5,011 | 13,045 | 5,729 | 7,599 |
Loss from discontinued operations, net of tax | |||||||||
- | - | - | - | - | - | -3,037 | -15,549 | -3,078 | 2,238 |
Net loss | |||||||||
- | - | - | - | - | - | -8,048 | -2,504 | 2,651 | 9,837 |
Net earnings attributable to noncontrolling interest | |||||||||
- | - | - | - | - | - | 136 | 871 | -573 | -457 |
Net loss | |||||||||
-7,977 | -145,410 | -31,521 | 46,670 | 80,799 | -6,322 | -8,184 | -3,375 | 3,224 | 10,294 |
Other comprehensive earnings (loss): | |||||||||
Change in fair value of instrument specific credit risk of long-term debt | |||||||||
909 | -3,141 | - | - | - | - | - | - | - | - |
Total comprehensive loss | |||||||||
-7,068 | -148,551 | -31,521 | - | - | - | - | - | - | - |
Net loss per common share: | |||||||||
Earnings from continuing operations attributable to IMH (in dollars per share) | |||||||||
- | - | - | - | - | - | - | - | 0.81 | 1.04 |
Loss from discontinued operations (in dollars per share) | |||||||||
- | - | - | - | - | - | - | - | -0.40 | 0.29 |
Basic (in dollars per share) | |||||||||
-0.38 | -6.92 | -1.62 | 3.54 | 8.00 | -0.68 | - | - | 0.41 | 1.33 |
Earnings (loss) from continuing operations attributable to IMH (in dollars per share) | |||||||||
- | - | - | - | - | - | - | - | 0.76 | 0.97 |
Loss from discontinued operations (in dollars per share) | |||||||||
- | - | - | - | - | - | - | - | -0.37 | 0.27 |
Diluted (in dollars per share) | |||||||||
-0.38 | -6.92 | -1.62 | 3.31 | 6.40 | -0.68 | - | - | 0.39 | 1.24 |
Loss from continuing operations attributable to IMH | |||||||||
- | - | - | - | - | - | -0.59 | 1.54 | - | - |
Loss from discontinued operations | |||||||||
- | - | - | - | - | - | -0.35 | -1.96 | - | - |
Net loss per share available to common stockholders | |||||||||
- | - | - | - | - | - | -0.94 | -0.42 | - | - |