10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000826675-12-000027 |
| Period End Date | 20120331 |
| Filing Date | 20120510 |
| Fiscal Year | 2012 |
| Fiscal Period | Q1 |
| XBRL Instance | dx-20120331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Agency MBS (including pledged of $1,893,209 and $1,090,174, respectively) |
FinancialInstrumentsOwnedMortgageBackedSecuritiesGuaranteed
|
$2.66B | USD | Point-in-time |
| Agency MBS (including pledged of $1,893,209 and $1,090,174, respectively) |
FinancialInstrumentsOwnedMortgageBackedSecuritiesGuaranteed
|
$1.97B | USD | Point-in-time |
| Pledged Agency MBS |
PledgedAgencyMbs
|
$2.46B | USD | Point-in-time |
| Pledged Agency MBS |
PledgedAgencyMbs
|
$1.88B | USD | Point-in-time |
| Non Agency MBS (including pledged of $367,642 and $259,350, respectively) |
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
|
$421.10M | USD | Point-in-time |
| Pledged Non Agency MBS |
PledgedNonAgencyMbs
|
$427.65M | USD | Point-in-time |
| Pledged Non Agency MBS |
PledgedNonAgencyMbs
|
$415.19M | USD | Point-in-time |
| Non Agency MBS (including pledged of $367,642 and $259,350, respectively) |
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
|
$465.71M | USD | Point-in-time |
| Securitized mortgage loans, net |
NotesReceivableNet
|
$113.70M | USD | Point-in-time |
| Securitized mortgage loans, net |
NotesReceivableNet
|
$100.67M | USD | Point-in-time |
| Other investments, net |
OtherInvestmentsAndSecuritiesAtCost
|
$53.62M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Other investments, net |
OtherInvestmentsAndSecuritiesAtCost
|
$1.02M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Total investments, net |
Investments
|
$3.28B | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Total investments, net |
Investments
|
$2.50B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$48.78M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$49.84M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$41.72M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
54.34M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$18.84M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
40.38M | shares | Point-in-time |
| Derivative assets |
DerivativeAssets
|
$89.00K | USD | Point-in-time |
| Derivative assets |
DerivativeAssets
|
- | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
40.38M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
54.34M | shares | Point-in-time |
| Principal receivable on investments |
PrincipalPaymentsReceivable
|
$9.41M | USD | Point-in-time |
| Principal receivable on investments |
PrincipalPaymentsReceivable
|
$13.83M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$12.61M | USD | Point-in-time |
| Accrued interest receivable |
InterestReceivable
|
$15.98M | USD | Point-in-time |
| Other assets, net |
PrepaidExpenseAndOtherAssets
|
$6.01M | USD | Point-in-time |
| Other assets, net |
PrepaidExpenseAndOtherAssets
|
$5.69M | USD | Point-in-time |
| Total assets |
Assets
|
$3.35B | USD | Point-in-time |
| Total assets |
Assets
|
$2.58B | USD | Point-in-time |
| Repurchase agreements |
SecuritiesSoldUnderAgreementsToRepurchase
|
$2.09B | USD | Point-in-time |
| Repurchase agreements |
SecuritiesSoldUnderAgreementsToRepurchase
|
$2.69B | USD | Point-in-time |
| Payable for securities pending settlement |
PayablesToBrokerDealersAndClearingOrganizations
|
$59.42M | USD | Point-in-time |
| Payable for securities pending settlement |
PayablesToBrokerDealersAndClearingOrganizations
|
- | USD | Point-in-time |
| Non recourse collateralized financing |
LongTermDebt
|
$70.89M | USD | Point-in-time |
| Non recourse collateralized financing |
LongTermDebt
|
$32.24M | USD | Point-in-time |
| Derivative liabilities |
DerivativeLiabilities
|
$28.00M | USD | Point-in-time |
| Derivative liabilities |
DerivativeLiabilities
|
$27.67M | USD | Point-in-time |
| Accrued interest payable |
InterestPayableCurrentAndNoncurrent
|
$1.70M | USD | Point-in-time |
| Accrued interest payable |
InterestPayableCurrentAndNoncurrent
|
$2.17M | USD | Point-in-time |
| Accrued dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$15.21M | USD | Point-in-time |
| Accrued dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$11.31M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$3.73M | USD | Point-in-time |
| Other liabilities |
OtherLiabilities
|
$4.69M | USD | Point-in-time |
| Total liabilities, net |
Liabilities
|
$2.83B | USD | Point-in-time |
| Total liabilities, net |
Liabilities
|
$2.21B | USD | Point-in-time |
| Common stock, par value $.01 per share, 100,000,000 shares authorized; 40,380,276 and 30,342,897 shares issued and outstanding, respectively |
CommonStockValue
|
$543.00K | USD | Point-in-time |
| Common stock, par value $.01 per share, 100,000,000 shares authorized; 40,380,276 and 30,342,897 shares issued and outstanding, respectively |
CommonStockValue
|
$404.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$758.65M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$634.68M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$22.92M | USD | Point-in-time |
| Accumulated other comprehensive income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-3.25M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-260.48M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-259.22M | USD | Point-in-time |
| Total shareholders' equity, net |
StockholdersEquity
|
$522.90M | USD | Point-in-time |
| Total shareholders' equity, net |
StockholdersEquity
|
$371.35M | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$2.58B | USD | Point-in-time |
| Total liabilities and shareholders equity |
LiabilitiesAndStockholdersEquity
|
$3.35B | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Agency MBS |
InterestIncomeAgencyMortgageBackedSecurities
|
$11.52M | USD | 1 Quarter |
| Agency MBS |
InterestIncomeAgencyMortgageBackedSecurities
|
$16.93M | USD | 1 Quarter |
| Non-Agency MBS |
InterestIncomeNonAgencyMortgageBackedSecurities
|
$3.69M | USD | 1 Quarter |
| Non-Agency MBS |
InterestIncomeNonAgencyMortgageBackedSecurities
|
$7.54M | USD | 1 Quarter |
| Securitized mortgage loans |
InterestIncomeSecuritizedMortgageLoans
|
$2.22M | USD | 1 Quarter |
| Securitized mortgage loans |
InterestIncomeSecuritizedMortgageLoans
|
$1.50M | USD | 1 Quarter |
| Other investments |
OtherInterestAndDividendIncome
|
$33.00K | USD | 1 Quarter |
| Other investments |
OtherInterestAndDividendIncome
|
$305.00K | USD | 1 Quarter |
| Cash and cash equivalents |
InterestIncomeDepositsWithFinancialInstitutions
|
$4.00K | USD | 1 Quarter |
| Cash and cash equivalents |
InterestIncomeDepositsWithFinancialInstitutions
|
- | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$17.46M | USD | 1 Quarter |
| Total interest income |
InterestAndDividendIncomeOperating
|
$26.27M | USD | 1 Quarter |
| Repurchase agreements |
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
|
$6.64M | USD | 1 Quarter |
| Repurchase agreements |
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
|
$3.43M | USD | 1 Quarter |
| Non recourse collateralized financing |
InterestExpenseLongTermDebt
|
$481.00K | USD | 1 Quarter |
| Non recourse collateralized financing |
InterestExpenseLongTermDebt
|
$1.31M | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$7.12M | USD | 1 Quarter |
| Total interest expense |
InterestExpense
|
$4.73M | USD | 1 Quarter |
| Net interest income |
InterestIncomeExpenseNet
|
$19.15M | USD | 1 Quarter |
| Net interest income |
InterestIncomeExpenseNet
|
$12.73M | USD | 1 Quarter |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$60.00K | USD | 1 Quarter |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$250.00K | USD | 1 Quarter |
| Interest Income (Expense), after Provision for Loan Loss |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$12.48M | USD | 1 Quarter |
| Interest Income (Expense), after Provision for Loan Loss |
InterestIncomeExpenseAfterProvisionForLoanLoss
|
$19.09M | USD | 1 Quarter |
| Gain on sale of investments, net |
GainsLossesOnSalesOfAssets
|
$351.00K | USD | 1 Quarter |
| Gain on sale of investments, net |
GainsLossesOnSalesOfAssets
|
- | USD | 1 Quarter |
| Fair value adjustments, net |
NetFairValueAdjustments
|
$-210.00K | USD | 1 Quarter |
| Fair value adjustments, net |
NetFairValueAdjustments
|
$-126.00K | USD | 1 Quarter |
| Other income, net |
OtherNoninterestIncomeExpense
|
$43.00K | USD | 1 Quarter |
| Other income, net |
OtherNoninterestIncomeExpense
|
$369.00K | USD | 1 Quarter |
| Compensation and benefits |
LaborAndRelatedExpense
|
$1.80M | USD | 1 Quarter |
| Compensation and benefits |
LaborAndRelatedExpense
|
$1.13M | USD | 1 Quarter |
| Other general and administrative |
OtherNoninterestExpense
|
$986.00K | USD | 1 Quarter |
| Other general and administrative |
OtherNoninterestExpense
|
$1.32M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$16.48M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$10.28M | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
33.15M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
49.48M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
49.48M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
33.16M | shares | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.33 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.31 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.33 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.31 | USD | 1 Quarter |
| Dividends declared per common share |
CommonStockDividendsPerShareDeclared
|
$0.28 | USD | 1 Quarter |
| Dividends declared per common share |
CommonStockDividendsPerShareDeclared
|
$0.27 | USD | 1 Quarter |
Cash Flow Statement
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$16.48M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$10.28M | USD | 1 Quarter |
| Increase in accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$3.46M | USD | 1 Quarter |
| Increase in accrued interest receivable |
IncreaseDecreaseInAccruedInterestReceivableNet
|
$3.26M | USD | 1 Quarter |
| Increase (decrease) in accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$-468.00K | USD | 1 Quarter |
| Increase (decrease) in accrued interest payable |
IncreaseDecreaseInInterestPayableNet
|
$232.00K | USD | 1 Quarter |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$60.00K | USD | 1 Quarter |
| Provision for loan losses |
ProvisionForLoanLossesExpensed
|
$250.00K | USD | 1 Quarter |
| Gain on sale of investments, net |
GainLossOnSaleOfInvestments
|
$351.00K | USD | 1 Quarter |
| Gain on sale of investments, net |
GainLossOnSaleOfInvestments
|
- | USD | 1 Quarter |
| Fair value adjustments, net |
NetFairValueAdjustments
|
$-210.00K | USD | 1 Quarter |
| Fair value adjustments, net |
NetFairValueAdjustments
|
$-126.00K | USD | 1 Quarter |
| Amortization and depreciation |
DepreciationAmortizationAndAccretionNet
|
$4.38M | USD | 1 Quarter |
| Amortization and depreciation |
DepreciationAmortizationAndAccretionNet
|
$13.26M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$95.00K | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$453.00K | USD | 1 Quarter |
| Net change in other assets and other liabilities |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$2.05M | USD | 1 Quarter |
| Net change in other assets and other liabilities |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-2.04M | USD | 1 Quarter |
| Net cash and cash equivalents provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$13.95M | USD | 1 Quarter |
| Net cash and cash equivalents provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$24.32M | USD | 1 Quarter |
| Purchase of investments |
PaymentsToAcquireInvestments
|
$769.78M | USD | 1 Quarter |
| Purchase of investments |
PaymentsToAcquireInvestments
|
$881.85M | USD | 1 Quarter |
| Principal payments received on investments |
PrincipalPaymentsReceivedOnInvestments
|
$117.23M | USD | 1 Quarter |
| Principal payments received on investments |
PrincipalPaymentsReceivedOnInvestments
|
$84.37M | USD | 1 Quarter |
| (Increase) decrease in principal receivable on investments |
IncreaseInPrincipalReceivableOnInvestments
|
$-4.42M | USD | 1 Quarter |
| (Increase) decrease in principal receivable on investments |
IncreaseInPrincipalReceivableOnInvestments
|
$7.16M | USD | 1 Quarter |
| Proceeds from sales of investments |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
- | USD | 1 Quarter |
| Proceeds from sales of investments |
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
$49.57M | USD | 1 Quarter |
| Principal payments received on securitized mortgage loans |
ProceedsFromCollectionOfFinanceReceivables
|
$9.06M | USD | 1 Quarter |
| Principal payments received on securitized mortgage loans |
ProceedsFromCollectionOfFinanceReceivables
|
$13.74M | USD | 1 Quarter |
| Other investing activities |
PaymentsForProceedsFromOtherInvestingActivities
|
$6.00K | USD | 1 Quarter |
| Other investing activities |
PaymentsForProceedsFromOtherInvestingActivities
|
$534.00K | USD | 1 Quarter |
| Net cash and cash equivalents used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-683.52M | USD | 1 Quarter |
| Net cash and cash equivalents used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-697.42M | USD | 1 Quarter |
| Borrowings under (repayment of) repurchase agreements, net |
ProceedsFromRepaymentsOfShortTermDebt
|
$614.70M | USD | 1 Quarter |
| Borrowings under (repayment of) repurchase agreements, net |
ProceedsFromRepaymentsOfShortTermDebt
|
$592.40M | USD | 1 Quarter |
| Principal payments on non-recourse collateralized financing |
ProceedsFromRepaymentsOfSecuredDebt
|
$-1.14M | USD | 1 Quarter |
| Principal payments on non-recourse collateralized financing |
ProceedsFromRepaymentsOfSecuredDebt
|
$-38.78M | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$95.21M | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$123.73M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$11.31M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$8.19M | USD | 1 Quarter |
| Net cash and cash equivalents provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$666.05M | USD | 1 Quarter |
| Net cash and cash equivalents provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$700.58M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-7.05M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$31.00M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$48.78M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$49.84M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$41.72M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$18.84M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$48.78M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$49.84M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$41.72M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$18.84M | USD | Point-in-time |
| Cash paid for interest |
InterestPaid
|
$4.30M | USD | 1 Quarter |
| Cash paid for interest |
InterestPaid
|
$7.49M | USD | 1 Quarter |
Comprehensive Income
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$16.48M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$10.28M | USD | 1 Quarter |
| Change in market value of available-for-sale securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$-26.00M | USD | 1 Quarter |
| Change in market value of available-for-sale securities |
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
$6.63M | USD | 1 Quarter |
| Net unrealized gain (loss) on cash flow hedging instruments |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$-2.96M | USD | 1 Quarter |
| Net unrealized gain (loss) on cash flow hedging instruments |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$-179.00K | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
$26.18M | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
|
$-3.67M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$6.61M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$42.66M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.