| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
INTEREST INCOME: | |||||||||
Interest and Dividend Income, Securities, Operating | |||||||||
67,472 | 47,482 | 29,968 | 33,696 | 36,320 | 54,391 | 46,646 | 26,933 | 18,751 | 10,865 |
Interest and Dividend Income, Operating | |||||||||
694,614 | 455,799 | 366,087 | 319,306 | 336,768 | 378,847 | 291,727 | 137,348 | - | 19,899 |
INTEREST EXPENSE: | |||||||||
Investment securities and other | |||||||||
- | - | - | - | - | - | - | - | 1,518 | 2,686 |
Interest Expense, Other | |||||||||
90,821 | 44,050 | 25,344 | 17,764 | 13,737 | - | - | - | - | - |
Interest expense | |||||||||
- | - | - | - | 260,651 | 301,010 | 231,178 | 105,926 | - | - |
Convertible preferred debentures | |||||||||
- | - | - | - | - | - | - | - | - | 2,274 |
Interest Expense | |||||||||
566,750 | 377,071 | 308,101 | 254,668 | - | 5,569 | 6,655 | 3,645 | 4,837 | 9,611 |
NET INTEREST INCOME | |||||||||
127,864 | 78,728 | 57,986 | 64,638 | 76,117 | 77,837 | 60,549 | 31,422 | 19,454 | 10,288 |
NON-INTEREST INCOME: | |||||||||
Recovery of (provision for) loan losses | |||||||||
2,780 | 1,257 | 1,739 | 838 | 1,363 | 1,939 | 1,262 | 766 | 1,693 | 2,230 |
Impairment loss on investment securities | |||||||||
- | - | - | - | - | - | 225 | - | 250 | 296 |
Income from investments in limited partnership and limited liability company | |||||||||
- | - | - | - | - | - | - | - | - | 496 |
Realized Investment Gains (Losses) | |||||||||
32,642 | -7,775 | 31,656 | -3,645 | -4,617 | 42,091 | -10,719 | 6,268 | 5,740 | 5,362 |
Unrealized gains (losses), net | |||||||||
35,837 | 52,781 | 20,786 | - | - | - | - | - | - | - |
Gain on de-consolidation of multi-family loans held in securitization trust and multi-family collateralized debt obligations | |||||||||
- | - | - | - | 1,483 | 0 | 0 | - | - | - |
Realized gain on distressed and other residential mortgage loans at carrying value, net | |||||||||
- | - | - | 14,865 | 31,251 | 14,380 | 1,600 | 85 | - | - |
Net gain (loss) on distressed and other residential mortgage loans at fair value | |||||||||
- | - | - | 0 | 0 | - | - | - | - | - |
Unrealized Gain (Loss) on Derivatives | |||||||||
- | - | - | 7,070 | -2,641 | -7,667 | 5,464 | -3,947 | -9,657 | - |
Unrealized gain on multi-family loans and debt held in securitization trusts, net | |||||||||
- | - | - | 3,032 | 12,368 | 56,931 | 31,495 | 6,662 | - | - |
Loss on extinguishment of debt | |||||||||
-2,857 | 0 | 0 | - | - | -3,397 | 0 | - | - | - |
Income from operating real estate and real estate held for sale in consolidated variable interest entities | |||||||||
215 | 6,163 | 7,280 | 0 | 0 | - | - | - | - | - |
Other income | |||||||||
25,831 | 16,568 | 13,552 | 19,078 | 9,430 | 4,809 | 2,709 | 803 | 2,167 | - |
Total non-interest income | |||||||||
94,448 | 66,480 | 75,013 | 41,238 | 45,911 | 105,208 | 29,062 | 9,105 | -3,693 | 3,332 |
GENERAL, ADMINISTRATIVE AND OPERATING EXPENSES: | |||||||||
General and Administrative Expense | |||||||||
35,131 | 22,868 | 18,357 | 15,246 | 9,928 | 9,500 | 7,916 | 6,417 | 5,073 | 7,950 |
Base management and incentive fees | |||||||||
1,235 | 5,366 | 4,517 | 9,261 | 19,188 | 24,530 | 8,133 | 5,010 | 5,445 | - |
Expenses, other operating | |||||||||
482 | 4,328 | 9,457 | 10,714 | 10,364 | 6,429 | 3,868 | - | - | - |
Expenses related to real estate held for sale in consolidated variable interest entities | |||||||||
- | - | - | 0 | 0 | - | - | - | - | - |
Total general, administrative and operating expenses | |||||||||
49,835 | 41,470 | 41,077 | 35,221 | 39,480 | 40,459 | 19,917 | 11,427 | 10,518 | 7,950 |
INCOME FROM OPERATIONS BEFORE INCOME TAXES | |||||||||
172,477 | 103,738 | 91,922 | 70,655 | 82,548 | 142,586 | 69,694 | 29,100 | 5,243 | 5,670 |
Income tax expense (benefit) | |||||||||
-419 | -1,057 | 3,355 | 3,095 | 4,535 | 6,395 | 739 | 932 | 433 | 0 |
NET INCOME | |||||||||
172,896 | 104,795 | 88,567 | 67,560 | 78,013 | 136,191 | 68,955 | 28,168 | 4,810 | 5,670 |
Income from discontinued operation - net of tax | |||||||||
- | - | - | - | - | - | - | 14 | 63 | 1,135 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
- | - | - | - | - | - | - | 28,182 | 4,873 | 6,805 |
Net loss (income) attributable to non-controlling interest in consolidated variable interest entities | |||||||||
-840 | 1,909 | -3,413 | 9 | - | - | - | -97 | 97 | - |
Net Income (Loss) Attributable to Parent | |||||||||
173,736 | 102,886 | 91,980 | 67,551 | 78,013 | 136,191 | - | - | - | - |
Preferred Stock Dividends, Income Statement Impact | |||||||||
28,901 | 23,700 | 15,660 | 12,900 | 10,990 | 5,812 | 3,568 | - | - | - |
NET INCOME ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS | |||||||||
144,835 | 79,186 | 76,320 | 54,651 | 67,023 | 130,379 | 65,387 | 28,279 | 4,776 | 6,805 |
Earnings Per Share, Basic | |||||||||
0.65 | 0.62 | 0.68 | 0.50 | 0.62 | 1.48 | 1.11 | 1.08 | 0.46 | 0.72 |
Earnings Per Share, Diluted | |||||||||
0.64 | 0.61 | 0.66 | 0.50 | 0.62 | 1.48 | 1.11 | 1.08 | 0.46 | 0.72 |
Dividends declared per common share (in Dollars per share) | |||||||||
- | - | - | - | - | - | - | - | - | 0.79 |
Weighted Average Number of Shares Outstanding, Basic | |||||||||
221,380 | 127,243 | 111,836 | 109,594 | 108,399 | 87,867 | 59,102 | 26,067 | 10,495 | - |
Weighted Average Number of Shares Outstanding, Diluted | |||||||||
242,596 | 147,450 | 130,343 | 109,594 | 108,399 | 87,867 | 59,102 | 26,067 | 10,495 | - |
Weighted average shares outstanding-basic and diluted (in Shares) | |||||||||
- | - | - | - | - | - | - | - | - | 9,422 |
Distressed And Other Residential Mortgage Loans [Member] | |||||||||
Interest income | |||||||||
71,017 | 28,569 | 25,054 | 36,419 | - | - | - | - | - | - |
Expenses, other operating | |||||||||
12,987 | 8,908 | 8,746 | - | - | - | - | - | - | - |
Preferred equity and mezzanine loan investments | |||||||||
Interest income | |||||||||
20,899 | 21,036 | 13,941 | - | - | - | - | - | - | - |
Multi Family Loans Held In Securitization Trusts [Member] | |||||||||
Interest income | |||||||||
535,226 | 358,712 | 297,124 | 249,191 | - | - | - | - | - | - |
Residential Collateralized Debt Obligations [Member] | |||||||||
Interest expense | |||||||||
4,379 | 1,779 | 1,463 | 1,246 | - | - | - | - | - | - |
Multi Family Collateralized Debt Obligations [Member] | |||||||||
Interest expense | |||||||||
457,130 | 313,102 | 261,665 | 222,553 | - | - | - | - | - | - |
Convertible Debt [Member] | |||||||||
Interest expense | |||||||||
10,813 | 10,643 | 9,852 | 0 | - | - | - | - | - | - |
Securitized debt | |||||||||
Interest expense | |||||||||
742 | 4,754 | 7,481 | 11,044 | - | - | - | - | - | - |
Subordinated debentures | |||||||||
Subordinated debentures | |||||||||
2,865 | 2,743 | 2,296 | 2,061 | - | 1,859 | 1,878 | 1,967 | 1,891 | 2,473 |