10-Q Filing

MFA FINANCIAL, INC. CIK: 1055160 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001055160-14-000053`
Period End Date	20140331
Filing Date	20140501
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	mfa-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 45 Cash Flow Statement 73 Stockholders Equity 16 Comprehensive Income 20

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Agency MBS, at fair value, pledged as collateral (in dollars)	`AvailableForSaleSecuritiesPledgedAsCollateralAgency`	$6.14B	USD	Point-in-time
Agency MBS, at fair value, pledged as collateral (in dollars)	`AvailableForSaleSecuritiesPledgedAsCollateralAgency`	$6.40B	USD	Point-in-time
Non-Agency MBS, at fair value, pledged as collateral (in dollars)	`AvailableForSaleSecuritiesPledgedAsCollateralNonAgency`	$1.78B	USD	Point-in-time
Non-Agency MBS, at fair value, pledged as collateral (in dollars)	`AvailableForSaleSecuritiesPledgedAsCollateralNonAgency`	$1.78B	USD	Point-in-time
Agency MBS, at fair value ($6,404,803 and $6,142,306 pledged as collateral, respectively)	`AvailableForSaleSecuritiesAgency`	$6.52B	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Agency MBS, at fair value ($6,404,803 and $6,142,306 pledged as collateral, respectively)	`AvailableForSaleSecuritiesAgency`	$6.84B	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	8.05M	shares	Point-in-time
Non-Agency MBS, at fair value ($1,776,353 and $1,778,067 pledged as collateral, respectively)	`AvailableForSaleSecuritiesNonAgency`	$2.57B	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	8.05M	shares	Point-in-time
Non-Agency MBS, at fair value ($1,776,353 and $1,778,067 pledged as collateral, respectively)	`AvailableForSaleSecuritiesNonAgency`	$2.80B	USD	Point-in-time
Preferred stock, dividend rate (as a percent)	`PreferredStockDividendRatePercentage`	0.07	pure	1 Quarter
Preferred stock, dividend rate (as a percent)	`PreferredStockDividendRatePercentage`	0.07	pure	Annual
Non-Agency MBS transferred to consolidated variable interest entities (VIEs)	`NonAgencyMortgageBackedSecuritiesTransferredToConsolidatedVariableInterestEntity`	$2.28B	USD	Point-in-time
Non-Agency MBS transferred to consolidated variable interest entities (VIEs)	`NonAgencyMortgageBackedSecuritiesTransferredToConsolidatedVariableInterestEntity`	$2.24B	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	8.00M	shares	Point-in-time
Securities obtained and pledged as collateral, at fair value	`SecuritiesReceivedAsCollateral`	$383.74M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	8.00M	shares	Point-in-time
Securities obtained and pledged as collateral, at fair value	`SecuritiesReceivedAsCollateral`	$435.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$274.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$601.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$565.37M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	8.00M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	8.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$401.29M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$37.52M	USD	Point-in-time
Preferred stock, aggregate liquidation preference (in dollars)	`PreferredStockLiquidationPreferenceValue`	$200.00M	USD	Point-in-time
Preferred stock, aggregate liquidation preference (in dollars)	`PreferredStockLiquidationPreferenceValue`	$200.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$26.14M	USD	Point-in-time
Interest receivable	`InterestReceivable`	$35.83M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Interest receivable	`InterestReceivable`	$36.68M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	886.95M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	886.95M	shares	Point-in-time
MBS linked transactions, net (Linked Transactions), at fair value	`MBSLinkedTransactionsNet`	$28.18M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	365.12M	shares	Point-in-time
MBS linked transactions, net (Linked Transactions), at fair value	`MBSLinkedTransactionsNet`	$59.83M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	366.22M	shares	Point-in-time
Interest rate swap agreements (Swaps), at fair value	`DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral`	$5.49M	USD	Point-in-time
Interest rate swap agreements (Swaps), at fair value	`DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral`	$13.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	365.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	366.22M	shares	Point-in-time
Goodwill	`Goodwill`	$7.19M	USD	Point-in-time
Goodwill	`Goodwill`	$7.19M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssets`	$60.92M	USD	Point-in-time
Prepaid and other assets	`PrepaidExpenseAndOtherAssets`	$29.72M	USD	Point-in-time
Total Assets	`Assets`	$12.47B	USD	Point-in-time
Total Assets	`Assets`	$12.79B	USD	Point-in-time
Repurchase agreements	`SecuritiesSoldUnderAgreementsToRepurchaseGross`	$8.61B	USD	Point-in-time
Repurchase agreements	`SecuritiesSoldUnderAgreementsToRepurchaseGross`	$8.34B	USD	Point-in-time
Securitized debt	`SecuritizedDebt`	$292.53M	USD	Point-in-time
Securitized debt	`SecuritizedDebt`	$366.20M	USD	Point-in-time
Obligation to return securities obtained as collateral, at fair value	`ObligationToReturnSecuritiesReceivedAsCollateral`	$435.89M	USD	Point-in-time
Obligation to return securities obtained as collateral, at fair value	`ObligationToReturnSecuritiesReceivedAsCollateral`	$383.74M	USD	Point-in-time
8% Senior Notes due 2042 (Senior Notes)	`SeniorNotes`	$100.00M	USD	Point-in-time
8% Senior Notes due 2042 (Senior Notes)	`SeniorNotes`	$100.00M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrentAndNoncurrent`	$14.73M	USD	Point-in-time
Accrued interest payable	`InterestPayableCurrentAndNoncurrent`	$11.74M	USD	Point-in-time
Swaps, at fair value	`DerivativeFairValueOfDerivativeLiability`	$32.76M	USD	Point-in-time
Swaps, at fair value	`DerivativeFairValueOfDerivativeLiability`	$28.22M	USD	Point-in-time
Dividends and dividend equivalents rights (DERs) payable	`DividendsPayableCurrentAndNoncurrent`	$73.88M	USD	Point-in-time
Dividends and dividend equivalents rights (DERs) payable	`DividendsPayableCurrentAndNoncurrent`	$73.64M	USD	Point-in-time
Dividends and dividend equivalents rights (DERs) payable	`DividendsPayableCurrentAndNoncurrent`	$259.61M	USD	Point-in-time
Excise tax and interest payable	`ExciseTaxAndInterestPayable`	$6.20M	USD	Point-in-time
Excise tax and interest payable	`ExciseTaxAndInterestPayable`	$6.40M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherLiabilities`	$29.29M	USD	Point-in-time
Accrued expenses and other liabilities	`OtherLiabilities`	$17.43M	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.33B	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.59B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value; 7.50% Series B cumulative redeemable; 8,050 shares authorized; 8,000 shares issued and outstanding ($200,000 aggregate liquidation preference)	`PreferredStockValue`	$80.00K	USD	Point-in-time
Preferred stock, $.01 par value; 7.50% Series B cumulative redeemable; 8,050 shares authorized; 8,000 shares issued and outstanding ($200,000 aggregate liquidation preference)	`PreferredStockValue`	$80.00K	USD	Point-in-time
Common stock, $.01 par value; 886,950 shares authorized; 366,217 and 365,125 shares issued and outstanding, respectively	`CommonStockValue`	$3.65M	USD	Point-in-time
Common stock, $.01 par value; 886,950 shares authorized; 366,217 and 365,125 shares issued and outstanding, respectively	`CommonStockValue`	$3.66M	USD	Point-in-time
Additional paid-in capital, in excess of par	`AdditionalPaidInCapital`	$2.98B	USD	Point-in-time
Additional paid-in capital, in excess of par	`AdditionalPaidInCapital`	$2.97B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-571.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-572.63M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$792.18M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$737.70M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.14B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.20B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$12.79B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$12.47B	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Agency MBS	`InterestIncomeAgencySecuritiesMortgageBacked`	$42.79M	USD	1 Quarter
Agency MBS	`InterestIncomeAgencySecuritiesMortgageBacked`	$39.33M	USD	1 Quarter
Non-Agency MBS	`InterestIncomeNonAgencySecuritiesMortgageBacked`	$41.05M	USD	1 Quarter
Non-Agency MBS	`InterestIncomeNonAgencySecuritiesMortgageBacked`	$43.16M	USD	1 Quarter
Non-Agency MBS transferred to consolidated VIEs	`InterestIncomeNonAgencySecuritiesMortgageBackedTransferredToConsolidatedVariableInterestEntity`	$38.66M	USD	1 Quarter
Non-Agency MBS transferred to consolidated VIEs	`InterestIncomeNonAgencySecuritiesMortgageBackedTransferredToConsolidatedVariableInterestEntity`	$38.87M	USD	1 Quarter
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$26.00K	USD	1 Quarter
Cash and cash equivalent investments	`InterestIncomeDepositsWithFinancialInstitutions`	$36.00K	USD	1 Quarter
Interest Income	`InterestAndDividendIncomeOperating`	$121.17M	USD	1 Quarter
Interest Income	`InterestAndDividendIncomeOperating`	$122.74M	USD	1 Quarter
Repurchase agreements	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$34.67M	USD	1 Quarter
Repurchase agreements	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$36.73M	USD	1 Quarter
Securitized debt	`InterestExpenseDebt`	$2.19M	USD	1 Quarter
Securitized debt	`InterestExpenseDebt`	$3.48M	USD	1 Quarter
Senior Notes	`InterestExpenseOtherLongTermDebt`	$2.01M	USD	1 Quarter
Senior Notes	`InterestExpenseOtherLongTermDebt`	$2.01M	USD	1 Quarter
Total Interest Expense	`InterestExpense`	$40.92M	USD	1 Quarter
Total Interest Expense	`InterestExpense`	$40.16M	USD	1 Quarter
Net Interest Income	`InterestIncomeExpenseNet`	$80.25M	USD	1 Quarter
Net Interest Income	`InterestIncomeExpenseNet`	$82.58M	USD	1 Quarter
Unrealized net gains and net interest income from Linked Transactions	`GainOnLinkedTransactions`	$1.54M	USD	1 Quarter
Unrealized net gains and net interest income from Linked Transactions	`GainOnLinkedTransactions`	$3.25M	USD	1 Quarter
Gain on sales of MBS and U.S. Treasury securities, net	`AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments`	$3.57M	USD	1 Quarter
Gain on sales of MBS and U.S. Treasury securities, net	`AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments`	$1.63M	USD	1 Quarter
Other, net	`NoninterestIncomeOtherOperatingIncome`	$55.00K	USD	1 Quarter
Other, net	`NoninterestIncomeOtherOperatingIncome`	$-416.00K	USD	1 Quarter
Other Income, net	`NoninterestIncome`	$6.41M	USD	1 Quarter
Other Income, net	`NoninterestIncome`	$3.22M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$6.51M	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$5.27M	USD	1 Quarter
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$3.18M	USD	1 Quarter
Other general and administrative expense	`OtherGeneralAndAdministrativeExpense`	$3.96M	USD	1 Quarter
Operating and Other Expense	`CostsAndExpenses`	$8.45M	USD	1 Quarter
Operating and Other Expense	`CostsAndExpenses`	$10.47M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$77.35M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$76.19M	USD	1 Quarter
Less Preferred Stock Dividends	`PreferredStockDividendsIncomeStatementImpact`	$2.04M	USD	1 Quarter
Less Preferred Stock Dividends	`PreferredStockDividendsIncomeStatementImpact`	$3.75M	USD	1 Quarter
Net Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailableToCommonStockholdersBasic`	$72.44M	USD	1 Quarter
Net Income Available to Common Stock and Participating Securities	`NetIncomeLossAvailableToCommonStockholdersBasic`	$75.31M	USD	1 Quarter
Earnings per Common Share - Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.21	USD	1 Quarter
Earnings per Common Share - Basic and Diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.20	USD	1 Quarter
Dividends Declared per Share of Common Stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends Declared per Share of Common Stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.72	USD	1 Quarter
Dividends Declared per Share of Common Stock (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	Point-in-time

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$77.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.19M	USD	1 Quarter
Gain on sales of MBS and U.S. Treasury securities	`AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments`	$3.57M	USD	1 Quarter
Gain on sales of MBS and U.S. Treasury securities	`AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments`	$1.63M	USD	1 Quarter
Accretion of purchase discounts on MBS	`AccretionOfPurchaseDiscounts`	$12.06M	USD	1 Quarter
Accretion of purchase discounts on MBS	`AccretionOfPurchaseDiscounts`	$27.43M	USD	1 Quarter
Amortization of purchase premiums on MBS	`AmortizationOfPurchasePremiums`	$14.79M	USD	1 Quarter
Amortization of purchase premiums on MBS	`AmortizationOfPurchasePremiums`	$10.21M	USD	1 Quarter
Depreciation and amortization on fixed assets and other assets	`DepreciationAndAmortization`	$1.10M	USD	1 Quarter
Depreciation and amortization on fixed assets and other assets	`DepreciationAndAmortization`	$327.00K	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$885.00K	USD	1 Quarter
Equity-based compensation expense	`ShareBasedCompensation`	$1.48M	USD	1 Quarter
Unrealized gains on derivative instruments	`UnrealizedGainLossOnDerivatives`	$1.14M	USD	1 Quarter
Unrealized gains on derivative instruments	`UnrealizedGainLossOnDerivatives`	$2.08M	USD	1 Quarter
(Increase)/decrease in interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-1.89M	USD	1 Quarter
(Increase)/decrease in interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$863.00K	USD	1 Quarter
Increase in prepaid and other assets	`IncreaseDecreaseInOtherOperatingAssets`	$4.09M	USD	1 Quarter
Increase in prepaid and other assets	`IncreaseDecreaseInOtherOperatingAssets`	$9.64M	USD	1 Quarter
Decrease in accrued expenses and other liabilities, and excise tax and interest	`IncreaseDecreaseInOtherOperatingLiabilities`	$-3.75M	USD	1 Quarter
Decrease in accrued expenses and other liabilities, and excise tax and interest	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.70M	USD	1 Quarter
Increase/(decrease) in accrued interest payable on financial instruments	`IncreaseDecreaseInInterestPayableNet`	$-3.24M	USD	1 Quarter
Increase/(decrease) in accrued interest payable on financial instruments	`IncreaseDecreaseInInterestPayableNet`	$7.38M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$71.17M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$48.27M	USD	1 Quarter
Principal payments on MBS	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$438.15M	USD	1 Quarter
Principal payments on MBS	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$711.90M	USD	1 Quarter
Proceeds from sale of MBS and U.S. Treasury securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$206.20M	USD	1 Quarter
Proceeds from sale of MBS and U.S. Treasury securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$15.50M	USD	1 Quarter
Purchases of MBS	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$888.11M	USD	1 Quarter
Purchases of MBS	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$569.01M	USD	1 Quarter
Additions to leasehold improvements, furniture and fixtures	`PaymentsToAcquireProductiveAssets`	$85.00K	USD	1 Quarter
Additions to leasehold improvements, furniture and fixtures	`PaymentsToAcquireProductiveAssets`	$54.00K	USD	1 Quarter
Net cash (used in)/provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$349.04M	USD	1 Quarter
Net cash (used in)/provided by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-434.54M	USD	1 Quarter
Principal payments on repurchase agreements	`PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchase`	$18.02B	USD	1 Quarter
Principal payments on repurchase agreements	`PrincipalPaymentsOnSecuritiesSoldUnderAgreementsToRepurchase`	$20.20B	USD	1 Quarter
Proceeds from borrowings under repurchase agreements	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$20.47B	USD	1 Quarter
Proceeds from borrowings under repurchase agreements	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$18.18B	USD	1 Quarter
Principal payments on securitized debt	`PaymentsOnSecuritizedDebt`	$104.80M	USD	1 Quarter
Principal payments on securitized debt	`PaymentsOnSecuritizedDebt`	$73.26M	USD	1 Quarter
Payments made on obligation to return securities obtained as collateral	`RepaymentsOfSecuritiesReceivedAsCollateral`	-	USD	1 Quarter
Payments made on obligation to return securities obtained as collateral	`RepaymentsOfSecuritiesReceivedAsCollateral`	$200.05M	USD	1 Quarter
Cash disbursements on financial instruments underlying Linked Transactions	`PrincipalPaymentsOnLinkedTransactions`	$374.07M	USD	1 Quarter
Cash disbursements on financial instruments underlying Linked Transactions	`PrincipalPaymentsOnLinkedTransactions`	$57.98M	USD	1 Quarter
Cash received from financial instruments underlying Linked Transactions	`ProceedsFromLinkedTransactions`	$59.24M	USD	1 Quarter
Cash received from financial instruments underlying Linked Transactions	`ProceedsFromLinkedTransactions`	$344.50M	USD	1 Quarter
Payments made for margin calls on repurchase agreements and Swaps	`PaymentsMadeForMarginCallsOnRepurchaseAgreementsAndDerivatives`	$29.00M	USD	1 Quarter
Payments made for margin calls on repurchase agreements and Swaps	`PaymentsMadeForMarginCallsOnRepurchaseAgreementsAndDerivatives`	-	USD	1 Quarter
Proceeds from reverse margin calls on repurchase agreements and Swaps	`ProceedsFromMarginCallsOnRepurchaseAgreementsAndDerivatives`	-	USD	1 Quarter
Proceeds from reverse margin calls on repurchase agreements and Swaps	`ProceedsFromMarginCallsOnRepurchaseAgreementsAndDerivatives`	$30.00M	USD	1 Quarter
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$7.28M	USD	1 Quarter
Proceeds from issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$7.62M	USD	1 Quarter
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$3.75M	USD	1 Quarter
Dividends paid on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$2.04M	USD	1 Quarter
Dividends paid on common stock and DERs	`PaymentsOfDividendsCommonStock`	$73.29M	USD	1 Quarter
Dividends paid on common stock and DERs	`PaymentsOfDividendsCommonStock`	$71.94M	USD	1 Quarter
Net cash provided by/(used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-219.93M	USD	1 Quarter
Net cash provided by/(used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$95.58M	USD	1 Quarter
Net (decrease)/increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-290.70M	USD	1 Quarter
Net (decrease)/increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$200.28M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$274.67M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$601.57M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$565.37M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$401.29M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$274.67M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$601.57M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$565.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$401.29M	USD	Point-in-time
Net increase in securities obtained as collateral/obligation to return securities obtained as collateral	`SecuritiesObtainedAsCollateralNetOfReturns`	$47.77M	USD	1 Quarter
Net increase in securities obtained as collateral/obligation to return securities obtained as collateral	`SecuritiesObtainedAsCollateralNetOfReturns`	$200.10M	USD	1 Quarter
Dividends and DERs declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$73.88M	USD	Point-in-time
Dividends and DERs declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$73.64M	USD	Point-in-time
Dividends and DERs declared and unpaid	`DividendsPayableCurrentAndNoncurrent`	$259.61M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Amount surrendered for tax purposes, equity-based compensation awards	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$356.00K	USD	1 Quarter
Shares for tax withholding, equity-based compensation awards	`SharesPaidForTaxWithholdingForShareBasedCompensation`	48,904.00	shares	1 Quarter
Preferred Stock, dividend rate (as a percent)	`PreferredStockDividendRatePercentage`	0.07	pure	1 Quarter
Preferred Stock, dividend rate (as a percent)	`PreferredStockDividendRatePercentage`	0.07	pure	Annual
Common Stock, Par Value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common Stock, Par Value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Balance	`StockholdersEquity`	$3.14B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.20B	USD	Point-in-time
Net income	`NetIncomeLoss`	$77.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.19M	USD	1 Quarter
Dividends declared on preferred stock	`DividendsPreferredStock`	$3.75M	USD	1 Quarter
Dividends declared on preferred stock	`DividendsPreferredStock`	$2.04M	USD	1 Quarter
Change in unrealized gains on MBS, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$66.31M	USD	1 Quarter
Change in unrealized gains on MBS, net	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$118.08M	USD	1 Quarter
Balance	`StockholdersEquity`	$3.14B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.20B	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$77.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$76.19M	USD	1 Quarter
Unrealized gain/(loss) on Agency MBS, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax`	$17.84M	USD	1 Quarter
Unrealized gain/(loss) on Agency MBS, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax`	$-27.29M	USD	1 Quarter
Unrealized gain on Non-Agency MBS, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnNonAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax`	$146.73M	USD	1 Quarter
Unrealized gain on Non-Agency MBS, net	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnNonAgencyMortgageBackedSecuritiesArisingDuringPeriodNetOfTax`	$51.42M	USD	1 Quarter
Reclassification adjustment for MBS sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$2.95M	USD	1 Quarter
Reclassification adjustment for MBS sales included in net income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$1.36M	USD	1 Quarter
Unrealized (loss)/gain on derivative hedging instruments, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-12.27M	USD	1 Quarter
Unrealized (loss)/gain on derivative hedging instruments, net	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$12.32M	USD	1 Quarter
Reclassification of unrealized loss on de-designated derivative hedging instruments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-447.00K	USD	1 Quarter
Reclassification of unrealized loss on de-designated derivative hedging instruments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	-	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$54.49M	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$130.40M	USD	1 Quarter
Comprehensive income before preferred stock dividends	`ComprehensiveIncomeNetOfTax`	$207.75M	USD	1 Quarter
Comprehensive income before preferred stock dividends	`ComprehensiveIncomeNetOfTax`	$130.68M	USD	1 Quarter
Dividends declared on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$2.04M	USD	1 Quarter
Dividends declared on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$3.75M	USD	1 Quarter
Comprehensive Income Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$126.93M	USD	1 Quarter
Comprehensive Income Available to Common Stock and Participating Securities	`ComprehensiveIncomeLossToCommonStockholdersAndParticipatingSecurities`	$205.71M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.