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10-Q Filing

ELLINGTON CREDIT CO CIK: 1560672 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001560672-16-000073
Period End Date 20160331
Filing Date 20160504
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance earn-20160331.xml
Filing Contents
Balance Sheet 73 line items
Line Item Tag Value Unit Period
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $45.24M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $40.17M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $41.24M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $53.34M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 500.00M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 9.14M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 9.12M shares Point-in-time
Mortgage-backed securities, at fair value FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue $1.17B USD Point-in-time
Mortgage-backed securities, at fair value FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue $1.24B USD Point-in-time
Due from brokers DuefromBrokers $33.30M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 9.12M shares Point-in-time
Due from brokers DuefromBrokers $30.21M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 9.14M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 9.15M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 9.15M shares Point-in-time
Financial derivativesassets, at fair value DerivativeAssets $2.18M USD Point-in-time
Financial derivativesassets, at fair value DerivativeAssets $1.64M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 100.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 100.00M shares Point-in-time
Reverse repurchase agreements SecuritiesPurchasedUnderAgreementsToResell $78.63M USD Point-in-time
Reverse repurchase agreements SecuritiesPurchasedUnderAgreementsToResell $69.58M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Receivable for securities sold Receivableforsecuritiessold $155.53M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Receivable for securities sold Receivableforsecuritiessold $64.24M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Interest receivable InterestReceivable $4.33M USD Point-in-time
Interest receivable InterestReceivable $4.09M USD Point-in-time
Other assets OtherAssets $289.00K USD Point-in-time
Other assets OtherAssets $523.00K USD Point-in-time
Total Assets Assets $1.56B USD Point-in-time
Total Assets Assets $1.39B USD Point-in-time
Repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $1.22B USD Point-in-time
Repurchase agreements SecuritiesSoldUnderAgreementsToRepurchase $1.13B USD Point-in-time
Payable for securities purchased PayablesToBrokerDealersAndClearingOrganizations $98.95M USD Point-in-time
Payable for securities purchased PayablesToBrokerDealersAndClearingOrganizations $16.43M USD Point-in-time
Due to brokers Duetobrokers $127.00K USD Point-in-time
Due to brokers Duetobrokers $439.00K USD Point-in-time
Financial derivativesliabilities, at fair value DerivativeLiabilities $4.72M USD Point-in-time
Financial derivativesliabilities, at fair value DerivativeLiabilities $18.28M USD Point-in-time
U.S. Treasury securities sold short, at fair value FinancialInstrumentsSoldNotYetPurchasedUSGovernmentAndAgencyObligations $69.61M USD Point-in-time
U.S. Treasury securities sold short, at fair value FinancialInstrumentsSoldNotYetPurchasedUSGovernmentAndAgencyObligations $78.45M USD Point-in-time
Dividend payable DividendsPayableCurrentAndNoncurrent $4.10M USD Point-in-time
Dividend payable DividendsPayableCurrentAndNoncurrent $5.03M USD Point-in-time
Dividend payable DividendsPayableCurrentAndNoncurrent $4.11M USD Point-in-time
Accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $533.00K USD Point-in-time
Accrued expenses AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $447.00K USD Point-in-time
Management fee payable ManagementFeePayable $545.00K USD Point-in-time
Management fee payable ManagementFeePayable $528.00K USD Point-in-time
Interest payable InterestPayableCurrentAndNoncurrent $1.36M USD Point-in-time
Interest payable InterestPayableCurrentAndNoncurrent $1.38M USD Point-in-time
Total Liabilities Liabilities $1.41B USD Point-in-time
Total Liabilities Liabilities $1.24B USD Point-in-time
Preferred shares, par value $0.01 per share, 100,000,000 shares authorized; (0 shares issued and outstanding, respectively) PreferredStockValue - USD Point-in-time
Preferred shares, par value $0.01 per share, 100,000,000 shares authorized; (0 shares issued and outstanding, respectively) PreferredStockValue - USD Point-in-time
Common shares, par value $0.01 per share, 500,000,000 shares authorized; (9,117,183 and 9,135,103 shares issued and outstanding, respectively) CommonStockValue $92.00K USD Point-in-time
Common shares, par value $0.01 per share, 500,000,000 shares authorized; (9,117,183 and 9,135,103 shares issued and outstanding, respectively) CommonStockValue $92.00K USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $181.03M USD Point-in-time
Additional paid-in-capital AdditionalPaidInCapital $180.87M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-36.26M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-40.61M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $144.85M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $162.04M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $163.37M USD Point-in-time
Total Shareholders' Equity StockholdersEquity $140.36M USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $1.56B USD Point-in-time
Total Liabilities and Shareholders' Equity LiabilitiesAndStockholdersEquity $1.39B USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
Interest income InterestIncomeOperating $9.65M USD 1 Quarter
Interest income InterestIncomeOperating $10.28M USD 1 Quarter
Interest expense Interestexpensegross $1.26M USD 1 Quarter
Interest expense Interestexpensegross $2.05M USD 1 Quarter
Total net interest income InterestIncomeExpenseNet $9.02M USD 1 Quarter
Total net interest income InterestIncomeExpenseNet $7.60M USD 1 Quarter
Management fees ManagementFeeExpense $528.00K USD 1 Quarter
Management fees ManagementFeeExpense $610.00K USD 1 Quarter
Professional fees ProfessionalFees $143.00K USD 1 Quarter
Professional fees ProfessionalFees $218.00K USD 1 Quarter
Compensation expense SalariesAndWages $151.00K USD 1 Quarter
Compensation expense SalariesAndWages $193.00K USD 1 Quarter
Other operating expenses OtherExpenses $470.00K USD 1 Quarter
Other operating expenses OtherExpenses $454.00K USD 1 Quarter
Total expenses OperatingExpenses $1.42M USD 1 Quarter
Total expenses OperatingExpenses $1.35M USD 1 Quarter
Net realized gains (losses) on securities RealizedInvestmentGainsLosses $6.72M USD 1 Quarter
Net realized gains (losses) on securities RealizedInvestmentGainsLosses $3.01M USD 1 Quarter
Net realized gains (losses) on financial derivatives Netrealizedgainslossesonfinancialderivatives $-8.74M USD 1 Quarter
Net realized gains (losses) on financial derivatives Netrealizedgainslossesonfinancialderivatives $-4.00M USD 1 Quarter
Change in net unrealized gains (losses) on securities UnrealizedGainLossOnSecurities $8.63M USD 1 Quarter
Change in net unrealized gains (losses) on securities UnrealizedGainLossOnSecurities $5.19M USD 1 Quarter
Change in net unrealized gains (losses) on financial derivatives UnrealizedGainLossOnDerivatives $-7.09M USD 1 Quarter
Change in net unrealized gains (losses) on financial derivatives UnrealizedGainLossOnDerivatives $-14.13M USD 1 Quarter
Total other income (loss) NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives $-3.93M USD 1 Quarter
Total other income (loss) NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives $-6.49M USD 1 Quarter
NET INCOME (LOSS) NetIncomeLoss $3.68M USD 1 Quarter
NET INCOME (LOSS) NetIncomeLoss $-239.00K USD 1 Quarter
Basic and Diluted (in dollars per share) EarningsPerShareBasic $-0.03 USD 1 Quarter
Basic and Diluted (in dollars per share) EarningsPerShareBasic $0.40 USD 1 Quarter
Dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.45 USD 1 Quarter
Dividends declared (in dollars per share) CommonStockDividendsPerShareDeclared $0.55 USD 1 Quarter
Cash Flow Statement 75 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $3.68M USD 1 Quarter
Net income (loss) NetIncomeLoss $-239.00K USD 1 Quarter
Net realized (gains) losses on securities RealizedInvestmentGainsLosses $6.72M USD 1 Quarter
Net realized (gains) losses on securities RealizedInvestmentGainsLosses $3.01M USD 1 Quarter
Change in net unrealized (gains) losses on securities UnrealizedGainLossOnSecurities $8.63M USD 1 Quarter
Change in net unrealized (gains) losses on securities UnrealizedGainLossOnSecurities $5.19M USD 1 Quarter
Net realized (gains) losses on financial derivatives Netrealizedgainslossesonfinancialderivatives $-8.74M USD 1 Quarter
Net realized (gains) losses on financial derivatives Netrealizedgainslossesonfinancialderivatives $-4.00M USD 1 Quarter
Change in net unrealized (gains) losses on financial derivatives UnrealizedGainLossOnDerivatives $-7.09M USD 1 Quarter
Change in net unrealized (gains) losses on financial derivatives UnrealizedGainLossOnDerivatives $-14.13M USD 1 Quarter
Amortization of premiums and accretion of discounts (net) AccretionAmortizationOfDiscountsAndPremiumsInvestments $-1.85M USD 1 Quarter
Amortization of premiums and accretion of discounts (net) AccretionAmortizationOfDiscountsAndPremiumsInvestments $-2.48M USD 1 Quarter
Share based compensation ShareBasedCompensation $40.00K USD 1 Quarter
Share based compensation ShareBasedCompensation $30.00K USD 1 Quarter
Due from brokers Increasedecreaseinduefrombrokers $3.09M USD 1 Quarter
Due from brokers Increasedecreaseinduefrombrokers $-10.21M USD 1 Quarter
Interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $233.00K USD 1 Quarter
Interest receivable IncreaseDecreaseInAccruedInterestReceivableNet $342.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-293.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-234.00K USD 1 Quarter
Due to brokers Increasedecreaseinduetobrokers $-312.00K USD 1 Quarter
Due to brokers Increasedecreaseinduetobrokers $1.03M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-86.00K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $18.00K USD 1 Quarter
Interest payable Increasedecreaseininterestpayable $164.00K USD 1 Quarter
Interest payable Increasedecreaseininterestpayable $21.00K USD 1 Quarter
Management fees payable IncreaseDecreaseInManagementFeePayable $59.00K USD 1 Quarter
Management fees payable IncreaseDecreaseInManagementFeePayable $-17.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $1.22M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $10.84M USD 1 Quarter
Purchases of securities PaymentsToAcquireInvestments $723.00M USD 1 Quarter
Purchases of securities PaymentsToAcquireInvestments $482.99M USD 1 Quarter
Proceeds from sale of securities ProceedsFromSaleOfOtherInvestments $584.90M USD 1 Quarter
Proceeds from sale of securities ProceedsFromSaleOfOtherInvestments $782.51M USD 1 Quarter
Principal repayments of mortgage-backed securities PrincipalRepaymentsOfSecurities $31.21M USD 1 Quarter
Principal repayments of mortgage-backed securities PrincipalRepaymentsOfSecurities $30.04M USD 1 Quarter
Proceeds from investments sold short InvestmentSoldNotYetPurchasedSaleProceeds $214.42M USD 1 Quarter
Proceeds from investments sold short InvestmentSoldNotYetPurchasedSaleProceeds $157.93M USD 1 Quarter
Repurchase of investments sold short Repurchaseofinvestmentssoldshort $165.93M USD 1 Quarter
Repurchase of investments sold short Repurchaseofinvestmentssoldshort $169.09M USD 1 Quarter
Proceeds from disposition of financial derivatives ProceedsFromDerivativeInstrumentInvestingActivities $3.00M USD 1 Quarter
Proceeds from disposition of financial derivatives ProceedsFromDerivativeInstrumentInvestingActivities $4.46M USD 1 Quarter
Purchase of financial derivatives PaymentsForDerivativeInstrumentInvestingActivities $13.20M USD 1 Quarter
Purchase of financial derivatives PaymentsForDerivativeInstrumentInvestingActivities $7.03M USD 1 Quarter
Payments made on reverse repurchase agreements PaymentsForSecuritiesPurchasedUnderAgreementsToResell $2.09B USD 1 Quarter
Payments made on reverse repurchase agreements PaymentsForSecuritiesPurchasedUnderAgreementsToResell $4.55B USD 1 Quarter
Proceeds from reverse repurchase agreements ProceedsFromSecuritiesPurchasedUnderAgreementsToResell $2.04B USD 1 Quarter
Proceeds from reverse repurchase agreements ProceedsFromSecuritiesPurchasedUnderAgreementsToResell $4.56B USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $83.43M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $123.89M USD 1 Quarter
Repurchase of common shares PaymentsForRepurchaseOfCommonStock $196.00K USD 1 Quarter
Repurchase of common shares PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Dividends paid PaymentsOfDividends $5.03M USD 1 Quarter
Dividends paid PaymentsOfDividends $4.11M USD 1 Quarter
Borrowings under repurchase agreements Borrowingsunderrepurchaseagreements $559.78M USD 1 Quarter
Borrowings under repurchase agreements Borrowingsunderrepurchaseagreements $1.42B USD 1 Quarter
Repayments of repurchase agreements Repaymentsofrepurchaseagreements $1.53B USD 1 Quarter
Repayments of repurchase agreements Repaymentsofrepurchaseagreements $648.66M USD 1 Quarter
Cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-93.19M USD 1 Quarter
Cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-117.00M USD 1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $8.10M USD 1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $1.08M USD 1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $45.24M USD Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $40.17M USD Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $41.24M USD Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $53.34M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD CashAndCashEquivalentsAtCarryingValue $45.24M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD CashAndCashEquivalentsAtCarryingValue $40.17M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD CashAndCashEquivalentsAtCarryingValue $41.24M USD Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD CashAndCashEquivalentsAtCarryingValue $53.34M USD Point-in-time
Interest paid InterestPaid $1.09M USD 1 Quarter
Interest paid InterestPaid $2.03M USD 1 Quarter
Dividend payable DividendsPayableCurrentAndNoncurrent $4.10M USD Point-in-time
Dividend payable DividendsPayableCurrentAndNoncurrent $5.03M USD Point-in-time
Dividend payable DividendsPayableCurrentAndNoncurrent $4.11M USD Point-in-time
Stockholders Equity 19 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $144.85M USD Point-in-time
Balance StockholdersEquity $162.04M USD Point-in-time
Balance StockholdersEquity $163.37M USD Point-in-time
Balance StockholdersEquity $140.36M USD Point-in-time
Share based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $30.00K USD 1 Quarter
Share based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $40.00K USD 1 Quarter
Repurchase of common shares, shares StockRepurchasedAndRetiredDuringPeriodShares 0.00 shares 1 Quarter
Repurchase of common shares, shares StockRepurchasedAndRetiredDuringPeriodShares 17,920.00 shares 1 Quarter
Repurchase of common shares, shares StockRepurchasedAndRetiredDuringPeriodShares 47,481.00 shares 11 Qtrs
Repurchase of common shares, Value StockRepurchasedAndRetiredDuringPeriodValue $600.00K USD 11 Qtrs
Repurchase of common shares, Value StockRepurchasedAndRetiredDuringPeriodValue $196.00K USD 1 Quarter
Dividends declared Dividends $4.10M USD 1 Quarter
Dividends declared Dividends $5.03M USD 1 Quarter
Net income (loss) NetIncomeLoss $3.68M USD 1 Quarter
Net income (loss) NetIncomeLoss $-239.00K USD 1 Quarter
Balance StockholdersEquity $144.85M USD Point-in-time
Balance StockholdersEquity $162.04M USD Point-in-time
Balance StockholdersEquity $163.37M USD Point-in-time
Balance StockholdersEquity $140.36M USD Point-in-time

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

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