10-K Filing

ARMOUR RESIDENTIAL REIT, INC. CIK: 1428205 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001428205-24-000061`
Period End Date	20231231
Filing Date	20240315
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	arr-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 93 Cash Flow Statement 116 Stockholders Equity 31

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$87.28M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$221.89M	USD	Point-in-time
Repurchase agreements, net	`SecuritiesSoldUnderAgreementsToRepurchase`	$9.65B	USD	Point-in-time
Repurchase agreements, net	`SecuritiesSoldUnderAgreementsToRepurchase`	$6.46B	USD	Point-in-time
Obligations to return securities received as collateral	`ObligationToReturnSecuritiesReceivedAsCollateral`	$502.66M	USD	Point-in-time
Obligations to return securities received as collateral	`ObligationToReturnSecuritiesReceivedAsCollateral`	$350.27M	USD	Point-in-time
Cash collateral posted to counterparties	`CashCollateralForBorrowedSecurities`	$36.97M	USD	Point-in-time
Cash collateral posted to counterparties	`CashCollateralForBorrowedSecurities`	$30.81M	USD	Point-in-time
Accrued interest payable, repurchase agreements, amounts with BUCKLER	`InterestPayableSecuritiesSoldunderAgreementstoRepurchase`	$26.51M	USD	Point-in-time
Accrued interest payable, repurchase agreements, amounts with BUCKLER	`InterestPayableSecuritiesSoldunderAgreementstoRepurchase`	$19.10M	USD	Point-in-time
Accrued interest payable, U.S. Treasury Securities sold short, amounts with BUCKLER	`InterestPayableUSTreasurySecuritiesSoldShort`	$5.05M	USD	Point-in-time
Accrued interest payable, U.S. Treasury Securities sold short, amounts with BUCKLER	`InterestPayableUSTreasurySecuritiesSoldShort`	$3.42M	USD	Point-in-time
Derivatives, at fair value	`DerivativeAssets`	$877.41M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Derivatives, at fair value	`DerivativeAssets`	$984.46M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Accrued interest receivable	`InterestReceivable`	$28.81M	USD	Point-in-time
Accrued interest receivable	`InterestReceivable`	$47.11M	USD	Point-in-time
Prepaid and other	`PrepaidExpenseAndOtherAssets`	$1.26M	USD	Point-in-time
Prepaid and other	`PrepaidExpenseAndOtherAssets`	$2.10M	USD	Point-in-time
Total Assets	`Assets`	$9.44B	USD	Point-in-time
Total Assets	`Assets`	$12.34B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Repurchase agreements, net (including $4,667,483 and $3,247,474, respectively with BUCKLER)	`SecuritiesSoldUnderAgreementsToRepurchase`	$9.65B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	60.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	90.00M	shares	Point-in-time
Repurchase agreements, net (including $4,667,483 and $3,247,474, respectively with BUCKLER)	`SecuritiesSoldUnderAgreementsToRepurchase`	$6.46B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	32.58M	shares	Point-in-time
Obligations to return securities received as collateral, at fair value (including $0 and $100,531 with BUCKLER respectively	`ObligationToReturnSecuritiesReceivedAsCollateral`	$502.66M	USD	Point-in-time
Obligations to return securities received as collateral, at fair value (including $0 and $100,531 with BUCKLER respectively	`ObligationToReturnSecuritiesReceivedAsCollateral`	$350.27M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	48.80M	shares	Point-in-time
Cash collateral posted by counterparties	`CashCollateralHeldForCounterparties`	$860.13M	USD	Point-in-time
Cash collateral posted by counterparties	`CashCollateralHeldForCounterparties`	$963.59M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	48.80M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	32.58M	shares	Point-in-time
Payable for unsettled purchases	`PayablesToBrokerDealersAndClearingOrganizations`	$353.44M	USD	Point-in-time
Payable for unsettled purchases	`PayablesToBrokerDealersAndClearingOrganizations`	$171.51M	USD	Point-in-time
Derivatives, at fair value	`DerivativeLiabilities`	$13.02M	USD	Point-in-time
Derivatives, at fair value	`DerivativeLiabilities`	$5.04M	USD	Point-in-time
Accrued interest payable- repurchase agreements (including $12,345 and $9,908, respectively with BUCKLER)	`InterestPayableSecuritiesSoldunderAgreementstoRepurchase`	$26.51M	USD	Point-in-time
Accrued interest payable- repurchase agreements (including $12,345 and $9,908, respectively with BUCKLER)	`InterestPayableSecuritiesSoldunderAgreementstoRepurchase`	$19.10M	USD	Point-in-time
Accrued interest payable- U.S. Treasury Securities sold short (including $0 and $684, respectively with BUCKLER)	`InterestPayableUSTreasurySecuritiesSoldShort`	$5.05M	USD	Point-in-time
Accrued interest payable- U.S. Treasury Securities sold short (including $0 and $684, respectively with BUCKLER)	`InterestPayableUSTreasurySecuritiesSoldShort`	$3.42M	USD	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndOtherAccruedLiabilities`	$6.40M	USD	Point-in-time
Accounts payable and other accrued expenses	`AccountsPayableAndOtherAccruedLiabilities`	$6.72M	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.32B	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.07B	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.001 par value, 90,000 and 60,000 shares authorized; 48,799 shares and 32,582 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$49.00K	USD	Point-in-time
Common stock, $0.001 par value, 90,000 and 60,000 shares authorized; 48,799 shares and 32,582 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively.	`CommonStockValue`	$33.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.32B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.87B	USD	Point-in-time
Cumulative distributions to stockholders	`CumulativeDividends`	$1.99B	USD	Point-in-time
Cumulative distributions to stockholders	`CumulativeDividends`	$2.22B	USD	Point-in-time
Cumulative distributions to stockholders	`CumulativeDividends`	$1.84B	USD	Point-in-time
Accumulated net loss	`RetainedEarningsAccumulatedDeficit`	$-826.46M	USD	Point-in-time
Accumulated net loss	`RetainedEarningsAccumulatedDeficit`	$-758.54M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.53M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$938.30M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.11B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.14B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.27B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$12.34B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$9.44B	USD	Point-in-time

Income Statement 93 line items

Line Item	Tag	Value	Unit	Period
Interest Income (including $973, $1,597 and $70, respectively with BUCKLER)	`InterestIncomeDebtSecuritiesOperating`	$552.90M	USD	Annual
Interest Income (including $973, $1,597 and $70, respectively with BUCKLER)	`InterestIncomeDebtSecuritiesOperating`	$80.48M	USD	Annual
Interest Income (including $973, $1,597 and $70, respectively with BUCKLER)	`InterestIncomeDebtSecuritiesOperating`	$228.43M	USD	Annual
Interest income	`InterestIncomeDebtSecuritiesOperating`	$552.90M	USD	Annual
Interest income	`InterestIncomeDebtSecuritiesOperating`	$80.48M	USD	Annual
Interest expense (including $245,846, $59,807 and $3,504, respectively with BUCKLER)	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$525.79M	USD	Annual
Interest income	`InterestIncomeDebtSecuritiesOperating`	$228.43M	USD	Annual
Interest expense (including $245,846, $59,807 and $3,504, respectively with BUCKLER)	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$7.11M	USD	Annual
Interest expense (including $245,846, $59,807 and $3,504, respectively with BUCKLER)	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$120.77M	USD	Annual
Net Interest Income	`InterestIncomeExpenseNet`	$107.66M	USD	Annual
Net Interest Income	`InterestIncomeExpenseNet`	$27.11M	USD	Annual
Interest expense	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$525.79M	USD	Annual
Net Interest Income	`InterestIncomeExpenseNet`	$73.37M	USD	Annual
Interest expense	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$7.11M	USD	Annual
Interest expense	`InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase`	$120.77M	USD	Annual
Realized gain (loss) on sale of available for sale Agency Securities (reclassified from Other comprehensive loss)	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-7.45M	USD	Annual
Realized gain (loss) on sale of available for sale Agency Securities (reclassified from Other comprehensive loss)	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-7.47M	USD	Annual
Realized gain (loss) on sale of available for sale Agency Securities (reclassified from Other comprehensive loss)	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$10.95M	USD	Annual
Impairment losses on available for sale Agency Securities	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded`	-	USD	Annual
Impairment losses on available for sale Agency Securities	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded`	$4.18M	USD	Annual
Impairment losses on available for sale Agency Securities	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded`	-	USD	Annual
Loss on Agency Securities, trading	`DebtSecuritiesTradingGainLoss`	$-77.14M	USD	Annual
Loss on Agency Securities, trading	`DebtSecuritiesTradingGainLoss`	$-52.66M	USD	Annual
Loss on Agency Securities, trading	`DebtSecuritiesTradingGainLoss`	$-946.67M	USD	Annual
Gain on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$810.81M	USD	Annual
Gain on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$51.75M	USD	Annual
Gain on derivatives, net	`GainLossOnDerivativeInstrumentsNetPretax`	$52.49M	USD	Annual
Total Other Loss	`OtherOperatingIncomeLoss`	$-23.09M	USD	Annual
Total Other Loss	`OtherOperatingIncomeLoss`	$-299.76M	USD	Annual
Total Other Loss	`OtherOperatingIncomeLoss`	$-51.48M	USD	Annual
Management fees	`ManagementFeeExpense`	$33.77M	USD	Annual
Management fees	`ManagementFeeExpense`	$31.11M	USD	Annual
Management fees	`ManagementFeeExpense`	$38.19M	USD	Annual
Compensation	`LaborAndRelatedExpense`	$6.61M	USD	Annual
Compensation	`LaborAndRelatedExpense`	$5.49M	USD	Annual
Compensation	`LaborAndRelatedExpense`	$4.94M	USD	Annual
Other Operating	`OtherOperatingIncomeExpenseNet`	$-5.79M	USD	Annual
Other Operating	`OtherOperatingIncomeExpenseNet`	$-7.02M	USD	Annual
Other Operating	`OtherOperatingIncomeExpenseNet`	$-6.37M	USD	Annual
Total Expenses	`OperatingExpenses`	$43.52M	USD	Annual
Total Expenses	`OperatingExpenses`	$45.63M	USD	Annual
Total Expenses	`OperatingExpenses`	$50.15M	USD	Annual
Less management fees waived	`InvestmentCompanyContractualFeeWaived`	$7.80M	USD	Annual
Less management fees waived	`InvestmentCompanyContractualFeeWaived`	$8.60M	USD	Annual
Less management fees waived	`InvestmentCompanyContractualFeeWaived`	$6.60M	USD	Annual
Total Expenses after fees waived	`ExpensesAfterFeesWaived`	$34.91M	USD	Annual
Total Expenses after fees waived	`ExpensesAfterFeesWaived`	$37.83M	USD	Annual
Total Expenses after fees waived	`ExpensesAfterFeesWaived`	$43.55M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$15.36M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-229.93M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-67.92M	USD	Annual
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$11.98M	USD	Annual
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$11.47M	USD	Annual
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$11.98M	USD	Annual
Net Income (Loss) available (related) to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$3.89M	USD	Annual
Net Income (Loss) available (related) to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-79.91M	USD	Annual
Net Income (Loss) available (related) to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-241.91M	USD	Annual
Reclassification adjustment for realized (gain) loss on sale of available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-7.47M	USD	Annual
Reclassification adjustment for realized (gain) loss on sale of available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$10.95M	USD	Annual
Reclassification adjustment for realized (gain) loss on sale of available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax`	$-7.45M	USD	Annual
Reclassification adjustment for impairment losses on available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax`	-	USD	Annual
Reclassification adjustment for impairment losses on available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax`	$4.18M	USD	Annual
Reclassification adjustment for impairment losses on available for sale Agency Securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesNetOfTax`	-	USD	Annual
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-61.11M	USD	Annual
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$4.06M	USD	Annual
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-130.13M	USD	Annual
Other Comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-72.06M	USD	Annual
Other Comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-118.50M	USD	Annual
Other Comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$11.53M	USD	Annual
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-56.40M	USD	Annual
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-56.70M	USD	Annual
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-348.43M	USD	Annual
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$11.98M	USD	Annual
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$11.47M	USD	Annual
Dividends on preferred stock	`PreferredStockDividendsIncomeStatementImpact`	$11.98M	USD	Annual
Comprehensive Loss related to common stockholders	`ComprehensiveIncomeLossNetOfTaxAvailableToCommonStockholders`	$-68.38M	USD	Annual
Comprehensive Loss related to common stockholders	`ComprehensiveIncomeLossNetOfTaxAvailableToCommonStockholders`	$-68.17M	USD	Annual
Comprehensive Loss related to common stockholders	`ComprehensiveIncomeLossNetOfTaxAvailableToCommonStockholders`	$-360.41M	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$-10.25	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$-1.86	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.24	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.86	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-10.25	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.24	USD	Annual
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$6.00	USD	Annual
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$5.00	USD	Annual
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$6.00	USD	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	23.59M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	15.90M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.05M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.06M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.59M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.05M	shares	Annual

Cash Flow Statement 116 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$15.36M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-229.93M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-67.92M	USD	Annual
Agency Securities Purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.27B	USD	Annual
Agency Securities Purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$11.46B	USD	Annual
Agency Securities Purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$10.29B	USD	Annual
Net amortization of premium on Agency Securities	`AccretionAmortizationofDiscountsandPremiumsInvestmentsAvailableforSale`	$-3.39M	USD	Annual
Net amortization of premium on Agency Securities	`AccretionAmortizationofDiscountsandPremiumsInvestmentsAvailableforSale`	$-18.39M	USD	Annual
Net amortization of premium on Agency Securities	`AccretionAmortizationofDiscountsandPremiumsInvestmentsAvailableforSale`	$-48.13M	USD	Annual
Realized (gain) loss on sale of Agency Securities, available for sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-7.45M	USD	Annual
Disbursements on reverse repurchase agreements	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	$391.12M	USD	Annual
Disbursements on reverse repurchase agreements	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	$2.77B	USD	Annual
Disbursements on reverse repurchase agreements	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	$1.96B	USD	Annual
Realized (gain) loss on sale of Agency Securities, available for sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$-7.47M	USD	Annual
Realized (gain) loss on sale of Agency Securities, available for sale	`DebtSecuritiesAvailableForSaleRealizedGainLoss`	$10.95M	USD	Annual
Impairment losses on available for sale Agency Securities	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded`	-	USD	Annual
Receipts from reverse repurchase agreements	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	$391.12M	USD	Annual
Impairment losses on available for sale Agency Securities	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded`	$4.18M	USD	Annual
Receipts from reverse repurchase agreements	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	$3.12B	USD	Annual
Impairment losses on available for sale Agency Securities	`DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded`	-	USD	Annual
Receipts from reverse repurchase agreements	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	$1.25B	USD	Annual
Proceeds from repurchase agreements	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$27.24B	USD	Annual
Loss on Agency Securities, trading	`DebtSecuritiesTradingGainLoss`	$-77.14M	USD	Annual
Proceeds from repurchase agreements	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$80.09B	USD	Annual
Proceeds from repurchase agreements	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$119.70B	USD	Annual
Loss on Agency Securities, trading	`DebtSecuritiesTradingGainLoss`	$-52.66M	USD	Annual
Loss on Agency Securities, trading	`DebtSecuritiesTradingGainLoss`	$-946.67M	USD	Annual
Principal repayments on repurchase agreements	`PaymentsForSecuritiesSoldUnderAgreementsToRepurchase`	$76.87B	USD	Annual
Principal repayments on repurchase agreements	`PaymentsForSecuritiesSoldUnderAgreementsToRepurchase`	$27.83B	USD	Annual
Principal repayments on repurchase agreements	`PaymentsForSecuritiesSoldUnderAgreementsToRepurchase`	$116.87B	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$4.77M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$3.20M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$3.70M	USD	Annual
(Increase) decrease in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$18.47M	USD	Annual
(Increase) decrease in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-2.26M	USD	Annual
(Increase) decrease in accrued interest receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$17.73M	USD	Annual
(Increase) decrease in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-883.00K	USD	Annual
(Increase) decrease in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-841.00K	USD	Annual
(Increase) decrease in prepaid and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.01M	USD	Annual
Change in derivatives, at fair value	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$783.27M	USD	Annual
Change in derivatives, at fair value	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$-99.06M	USD	Annual
Change in derivatives, at fair value	`IncreaseDecreaseInDerivativeAssetsAndLiabilities`	$134.70M	USD	Annual
Increase (decrease) in accrued interest payable- repurchase agreements	`IncreaseDecreaseInInterestPayableSecuritiesSoldUnderAgreementsToRepurchase`	$7.41M	USD	Annual
Increase (decrease) in accrued interest payable- repurchase agreements	`IncreaseDecreaseInInterestPayableSecuritiesSoldUnderAgreementsToRepurchase`	$-681.00K	USD	Annual
Increase (decrease) in accrued interest payable- repurchase agreements	`IncreaseDecreaseInInterestPayableSecuritiesSoldUnderAgreementsToRepurchase`	$18.15M	USD	Annual
Increase in accrued interest payable- U.S. Treasury Securities sold short	`IncreaseDecreaseInInterestPayableUSTreasurySecuritiesSoldShort`	$3.42M	USD	Annual
Increase in accrued interest payable- U.S. Treasury Securities sold short	`IncreaseDecreaseInInterestPayableUSTreasurySecuritiesSoldShort`	-	USD	Annual
Increase in accrued interest payable- U.S. Treasury Securities sold short	`IncreaseDecreaseInInterestPayableUSTreasurySecuritiesSoldShort`	$1.63M	USD	Annual
Increase in accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.68M	USD	Annual
Increase in accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$315.00K	USD	Annual
Increase in accounts payable and other accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$156.00K	USD	Annual
Net cash and cash equivalents and cash collateral posted to counterparties provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$132.82M	USD	Annual
Net cash and cash equivalents and cash collateral posted to counterparties provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.74M	USD	Annual
Net cash and cash equivalents and cash collateral posted to counterparties provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$124.08M	USD	Annual
Purchases of Agency Securities (including $240,573 and $203,147 with BUCKLER in 2023 and 2022, respectively)	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.27B	USD	Annual
Purchases of Agency Securities (including $240,573 and $203,147 with BUCKLER in 2023 and 2022, respectively)	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$11.46B	USD	Annual
Purchases of Agency Securities (including $240,573 and $203,147 with BUCKLER in 2023 and 2022, respectively)	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$10.29B	USD	Annual
Principal repayments of Agency Securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$870.99M	USD	Annual
Principal repayments of Agency Securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$803.16M	USD	Annual
Principal repayments of Agency Securities	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$573.61M	USD	Annual
Proceeds from sales of Agency Securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$6.29B	USD	Annual
Proceeds from sales of Agency Securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$980.38M	USD	Annual
Proceeds from sales of Agency Securities	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$6.35B	USD	Annual
Disbursements on reverse repurchase agreements (including $(2,774,490), $(1,958,460) and $(197,750), respectively with BUCKLER)	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	$391.12M	USD	Annual
Disbursements on reverse repurchase agreements (including $(2,774,490), $(1,958,460) and $(197,750), respectively with BUCKLER)	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	$2.77B	USD	Annual
Disbursements on reverse repurchase agreements (including $(2,774,490), $(1,958,460) and $(197,750), respectively with BUCKLER)	`PaymentsForSecuritiesPurchasedUnderAgreementsToResell`	$1.96B	USD	Annual
Receipts from reverse repurchase agreements (including $3,124,829, $1,254,184 and $197,750, respectively with BUCKLER)	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	$391.12M	USD	Annual
Receipts from reverse repurchase agreements (including $3,124,829, $1,254,184 and $197,750, respectively with BUCKLER)	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	$3.12B	USD	Annual
Receipts from reverse repurchase agreements (including $3,124,829, $1,254,184 and $197,750, respectively with BUCKLER)	`ProceedsFromSecuritiesPurchasedUnderAgreementsToResell`	$1.25B	USD	Annual
Increase (decrease) in cash collateral posted by counterparties	`IncreaseDecreaseCashCollateralFromCounterparties`	$792.53M	USD	Annual
Increase (decrease) in cash collateral posted by counterparties	`IncreaseDecreaseCashCollateralFromCounterparties`	$-103.46M	USD	Annual
Increase (decrease) in cash collateral posted by counterparties	`IncreaseDecreaseCashCollateralFromCounterparties`	$126.36M	USD	Annual
Proceeds from subordinated loan due to BUCKLER	`ProceedsFromSubordinatedLoanDueFromInvestment`	$105.00M	USD	Annual
Proceeds from subordinated loan due to BUCKLER	`ProceedsFromSubordinatedLoanDueFromInvestment`	-	USD	Annual
Proceeds from subordinated loan due to BUCKLER	`ProceedsFromSubordinatedLoanDueFromInvestment`	-	USD	Annual
Net cash and cash equivalents and cash collateral posted to counterparties provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$503.58M	USD	Annual
Net cash and cash equivalents and cash collateral posted to counterparties provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.04B	USD	Annual
Net cash and cash equivalents and cash collateral posted to counterparties provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.89B	USD	Annual
Issuance of common stock, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$475.54M	USD	Annual
Issuance of common stock, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$328.78M	USD	Annual
Issuance of common stock, net of expenses	`ProceedsFromIssuanceOfCommonStock`	$450.12M	USD	Annual
Proceeds from repurchase agreements (including $69,806,936, $47,627,748 and $18,442,875, respectively with BUCKLER)	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$27.24B	USD	Annual
Proceeds from repurchase agreements (including $69,806,936, $47,627,748 and $18,442,875, respectively with BUCKLER)	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$80.09B	USD	Annual
Proceeds from repurchase agreements (including $69,806,936, $47,627,748 and $18,442,875, respectively with BUCKLER)	`ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase`	$119.70B	USD	Annual
Principal repayments on repurchase agreements (including $(68,737,266), $(45,639,677) and $(19,477,307), respectively with BUCKLER)	`PaymentsForSecuritiesSoldUnderAgreementsToRepurchase`	$76.87B	USD	Annual
Principal repayments on repurchase agreements (including $(68,737,266), $(45,639,677) and $(19,477,307), respectively with BUCKLER)	`PaymentsForSecuritiesSoldUnderAgreementsToRepurchase`	$27.83B	USD	Annual
Principal repayments on repurchase agreements (including $(68,737,266), $(45,639,677) and $(19,477,307), respectively with BUCKLER)	`PaymentsForSecuritiesSoldUnderAgreementsToRepurchase`	$116.87B	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$142.42M	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$216.19M	USD	Annual
Common stock dividends paid	`PaymentsOfDividendsCommonStock`	$96.63M	USD	Annual
Common stock repurchased, net	`PaymentsForRepurchaseOfCommonStock`	$9.94M	USD	Annual
Common stock repurchased, net	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Common stock repurchased, net	`PaymentsForRepurchaseOfCommonStock`	$7.66M	USD	Annual
Net cash and cash equivalents and cash collateral posted to counterparties provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.05B	USD	Annual
Net cash and cash equivalents and cash collateral posted to counterparties provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.53B	USD	Annual
Net cash and cash equivalents and cash collateral posted to counterparties provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-330.77M	USD	Annual
Net increase (decrease) in cash and cash equivalents and cash collateral posted to counterparties	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$184.55M	USD	Annual
Net increase (decrease) in cash and cash equivalents and cash collateral posted to counterparties	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$140.77M	USD	Annual
Net increase (decrease) in cash and cash equivalents and cash collateral posted to counterparties	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-238.13M	USD	Annual
Cash and cash equivalents and cash collateral posted to counterparties - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$258.86M	USD	Point-in-time
Cash and cash equivalents and cash collateral posted to counterparties - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$356.22M	USD	Point-in-time
Cash and cash equivalents and cash collateral posted to counterparties - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$118.09M	USD	Point-in-time
Cash and cash equivalents and cash collateral posted to counterparties - beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$171.67M	USD	Point-in-time
Cash and cash equivalents and cash collateral posted to counterparties - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$258.86M	USD	Point-in-time
Cash and cash equivalents and cash collateral posted to counterparties - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$356.22M	USD	Point-in-time
Cash and cash equivalents and cash collateral posted to counterparties - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$118.09M	USD	Point-in-time
Cash and cash equivalents and cash collateral posted to counterparties - end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$171.67M	USD	Point-in-time
Cash paid during the year for interest	`InterestPaidNet`	$136.97M	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$21.32M	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$607.03M	USD	Annual
Payable for unsettled purchases	`NoncashInvestingandFinancingActivitiesPayablestoBrokerDealersAndClearingOrganizations`	-	USD	Annual
Payable for unsettled purchases	`NoncashInvestingandFinancingActivitiesPayablestoBrokerDealersAndClearingOrganizations`	$171.51M	USD	Annual
Payable for unsettled purchases	`NoncashInvestingandFinancingActivitiesPayablestoBrokerDealersAndClearingOrganizations`	$353.44M	USD	Annual
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$4.06M	USD	Annual
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-61.11M	USD	Annual
Net unrealized gain (loss) on available for sale Agency Securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-130.13M	USD	Annual

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, common (in shares)	`CommonStockSharesOutstanding`	48.80M	shares	Point-in-time
Beginning balance, common (in shares)	`CommonStockSharesOutstanding`	32.58M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$938.30M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.11B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.27B	USD	Point-in-time
Other comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-56.40M	USD	Annual
Other comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-56.70M	USD	Annual
Other comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-348.43M	USD	Annual
Issuance of stock, net	`StockIssuedDuringPeriodValueNewIssues`	$328.78M	USD	Annual
Issuance of stock, net	`StockIssuedDuringPeriodValueNewIssues`	$450.15M	USD	Annual
Issuance of stock, net	`StockIssuedDuringPeriodValueNewIssues`	$475.54M	USD	Annual
Stock based compensation, net of withholding requirements	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.20M	USD	Annual
Stock based compensation, net of withholding requirements	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.70M	USD	Annual
Stock based compensation, net of withholding requirements	`StockIssuedDuringPeriodValueShareBasedCompensation`	$4.77M	USD	Annual
Common stock repurchased, net (in shares)	`StockRepurchasedDuringPeriodShares`	0.00	shares	Annual
Common stock repurchased, net (in shares)	`StockRepurchasedDuringPeriodShares`	0.00	shares	Annual
Common stock repurchased	`StockRepurchasedDuringPeriodValue`	$9.94M	USD	Annual
Common stock repurchased	`StockRepurchasedDuringPeriodValue`	$7.66M	USD	Annual
Preferred stock dividends	`DividendsPreferredStock`	$11.98M	USD	Annual
Preferred stock dividends	`DividendsPreferredStock`	$11.98M	USD	Annual
Preferred stock dividends	`DividendsPreferredStock`	$11.47M	USD	Annual
Common stock dividends	`DividendsCommonStock`	$142.42M	USD	Annual
Common stock dividends	`DividendsCommonStock`	$216.22M	USD	Annual
Common stock dividends	`DividendsCommonStock`	$96.63M	USD	Annual
Ending balance, common (in shares)	`CommonStockSharesOutstanding`	48.80M	shares	Point-in-time
Ending balance, common (in shares)	`CommonStockSharesOutstanding`	32.58M	shares	Point-in-time
Ending balance	`StockholdersEquity`	$938.30M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.11B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.14B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.27B	USD	Point-in-time

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