| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Interest Income | |||||||||||
Residential loans | |||||||||||
315,953 | 239,818 | 154,362 | 137,804 | 114,715 | 68,949 | 67,016 | 82,169 | 81,116 | 65,405 | 99,327 | 307,072 |
Commercial loans | |||||||||||
- | - | - | 30,496 | 46,933 | 47,567 | 43,420 | 26,759 | 8,835 | 1,864 | 1,292 | - |
Business purpose residential loans | |||||||||||
53,805 | 4,333 | 0 | 0 | - | - | - | - | - | - | - | - |
Multifamily loans | |||||||||||
132,600 | 21,322 | 0 | 0 | - | - | - | - | - | - | - | - |
Real estate securities | |||||||||||
91,822 | 105,078 | 90,803 | 76,873 | 97,448 | 125,482 | 115,563 | 122,386 | 127,179 | 162,546 | 186,725 | 251,313 |
Other interest income | |||||||||||
28,101 | 8,166 | 2,892 | 1,182 | 336 | 72 | 157 | 70 | - | - | - | - |
Other investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | 167 | 2,305 |
Cash and cash equivalents | |||||||||||
- | - | - | - | - | - | - | - | 49 | 239 | 366 | 6,855 |
Interest and Dividend Income, Operating | |||||||||||
622,281 | 378,717 | 248,057 | 246,355 | 259,432 | 242,070 | 226,156 | 231,384 | 217,179 | 230,054 | 287,877 | 567,545 |
Interest Expense | |||||||||||
Short-term debt | |||||||||||
96,506 | 58,917 | 36,851 | 22,287 | 30,572 | 25,990 | 17,436 | 9,390 | 1,031 | 81 | - | 318 |
Asset-backed securities issued | |||||||||||
294,466 | 99,429 | 19,108 | 14,735 | 21,469 | 31,227 | 39,716 | 101,732 | 88,433 | 76,319 | 126,218 | 407,076 |
Long-term debt | |||||||||||
88,836 | 80,693 | 52,857 | 51,506 | 43,842 | 30,246 | 23,819 | 9,583 | 9,514 | 8,264 | 5,785 | 9,275 |
Interest Expense | |||||||||||
479,808 | 239,039 | 108,816 | 88,528 | 95,883 | 87,463 | 80,971 | 120,705 | 98,978 | 84,664 | 132,003 | 416,669 |
Net Interest Income | |||||||||||
142,473 | 139,678 | 139,241 | 157,827 | 163,549 | 154,607 | 145,185 | 110,679 | 118,201 | 145,390 | 155,874 | 150,876 |
Provision for Loan, Lease, and Other Losses | |||||||||||
- | - | - | -7,102 | -355 | 961 | 4,737 | 3,648 | 16,151 | 24,135 | - | - |
Net Interest Income after Provision | |||||||||||
- | - | - | 164,929 | 163,904 | 153,646 | 140,448 | 107,031 | 102,050 | 101,701 | 18,673 | -397,137 |
Non-interest (Loss) Income | |||||||||||
Market valuation adjustments, net | |||||||||||
- | - | - | - | - | - | - | - | - | - | -87,628 | -492,902 |
Mortgage banking activities, net | |||||||||||
87,266 | 59,566 | 53,908 | 38,691 | 10,972 | 34,994 | - | 36,593 | - | - | - | - |
Mortgage banking and investment activities, net | |||||||||||
- | - | - | - | - | - | 96,785 | - | - | - | - | - |
Mortgage servicing rights income, net | |||||||||||
- | - | - | - | -3,922 | -4,261 | 20,309 | -1,391 | - | - | - | - |
Investment fair value changes, net | |||||||||||
35,500 | -25,689 | 10,374 | -28,574 | -21,357 | -10,202 | - | - | - | - | - | - |
Other income, net | |||||||||||
19,257 | 13,070 | 12,436 | 20,691 | 3,192 | 1,781 | 0 | - | - | - | - | - |
Provision for loan losses | |||||||||||
- | - | - | - | - | - | - | - | - | - | 49,573 | 55,111 |
Other market valuation adjustments | |||||||||||
- | - | - | - | - | - | - | - | - | -9,667 | -13,870 | -119,909 |
Other-than-temporary impairments | |||||||||||
- | - | - | - | - | - | - | - | - | 9,887 | 73,758 | -372,993 |
Other market valuation adjustments, net | |||||||||||
- | - | - | - | - | - | - | 1,539 | -40,017 | -19,554 | - | - |
Realized gains, net | |||||||||||
23,821 | 27,041 | 13,355 | 28,009 | 36,369 | 15,478 | 25,259 | 54,921 | 10,946 | 63,496 | 63,166 | 8,511 |
Total non-interest (loss) income, net | |||||||||||
165,844 | 73,988 | 90,073 | 58,817 | 25,254 | 37,790 | 142,353 | 91,662 | -29,071 | - | - | - |
General and administrative expenses | |||||||||||
118,672 | 82,782 | 77,156 | - | - | - | - | - | - | - | - | - |
Operating Expenses | |||||||||||
- | - | - | 88,786 | 97,416 | 90,123 | 86,607 | 65,633 | 47,741 | 53,715 | 46,995 | 60,906 |
Other expenses | |||||||||||
13,022 | 196 | 0 | - | - | - | 12,000 | - | - | - | - | - |
Net (Loss) Income before Benefit from (Provision for) Income Taxes | |||||||||||
176,623 | 130,688 | 152,158 | 134,960 | 91,742 | 101,313 | 184,194 | 133,060 | 25,238 | 111,482 | 34,844 | -449,532 |
Income Tax Expense (Benefit) | |||||||||||
7,440 | 11,088 | 11,752 | 3,708 | -10,346 | 744 | 10,948 | 1,291 | 42 | 280 | -4,268 | -3,210 |
Net (Loss) Income | |||||||||||
169,183 | 119,600 | 140,406 | 131,252 | 102,088 | 100,569 | 173,246 | 131,769 | 26,343 | 110,052 | 39,195 | -444,386 |
Less: Net loss attributable to noncontrolling interest | |||||||||||
- | - | - | - | - | - | - | - | -1,147 | 1,150 | -83 | -1,936 |
Net Income | |||||||||||
- | - | - | - | - | - | - | - | 25,196 | 111,202 | 39,112 | -446,322 |
Basic (loss) earnings per common share (in dollars per share) | |||||||||||
1.63 | 1.47 | 1.78 | 1.66 | 1.20 | 1.18 | 2.05 | 1.61 | 0.31 | 1.37 | 0.56 | -13.46 |
Diluted (loss) earnings per common share (in dollars per share) | |||||||||||
1.46 | 1.34 | 1.60 | 1.54 | 1.18 | 1.15 | 1.94 | 1.59 | 0.31 | 1.36 | 0.55 | -13.46 |
Regular dividends declared per common share (in dollars per share) | |||||||||||
- | - | - | 1.12 | 1.12 | 1.12 | 1.12 | 1.00 | 1.00 | 1.00 | 1.00 | 3.00 |
Basic weighted average shares outstanding (in shares) | |||||||||||
101,120 | 78,724 | 76,792 | 76,747 | 82,945 | 82,837 | 81,985 | 79,529 | 78,229 | 77,841 | 68,458 | 33,022,622 |
Diluted weighted average shares outstanding (in shares) | |||||||||||
136,780 | 110,027 | 101,975 | 97,909 | 84,518 | 85,098 | 93,694 | 80,673 | 78,299 | 78,810 | 68,990 | 32,022,622 |