CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands |
Dec. 31, 2015 |
Dec. 31, 2014 |
| ASSETS |
|
|
|
| Cash and cash equivalents |
|
$ 40,166
|
$ 45,237
|
| Mortgage-backed securities, at fair value |
|
1,242,266
|
1,393,303
|
| Due from brokers |
|
33,297
|
18,531
|
| Financial derivatives–assets, at fair value |
[1] |
2,183
|
3,072
|
| Reverse repurchase agreements |
[1] |
78,632
|
13,987
|
| Receivable for securities sold |
|
155,526
|
41,834
|
| Interest receivable |
|
4,325
|
4,793
|
| Other assets |
|
289
|
317
|
| Total Assets |
|
1,556,684
|
1,521,074
|
| LIABILITIES |
|
|
|
| Repurchase agreements |
[1] |
1,222,719
|
1,323,080
|
| Payable for securities purchased |
|
98,949
|
4,227
|
| Due to brokers |
|
439
|
583
|
| Financial derivatives–liabilities, at fair value |
[1] |
4,725
|
8,700
|
| U.S. Treasury securities sold short, at fair value |
|
78,447
|
13,959
|
| Dividend payable |
|
4,111
|
5,032
|
| Accrued expenses |
|
533
|
890
|
| Management fee payable |
|
545
|
551
|
| Interest payable |
|
1,361
|
687
|
| Total Liabilities |
|
1,411,829
|
1,357,709
|
| SHAREHOLDERS' EQUITY |
|
|
|
| Preferred shares, par value $0.01 per share, 100,000,000 shares authorized; (0 shares issued and outstanding, respectively) |
|
0
|
0
|
| Common shares, par value $0.01 per share, 500,000,000 shares authorized; (9,135,103 and 9,149,274 shares issued and outstanding, respectively) |
|
92
|
91
|
| Additional paid-in-capital |
|
181,027
|
181,282
|
| Accumulated deficit |
|
(36,264)
|
(18,008)
|
| Total Shareholders' Equity |
|
144,855
|
163,365
|
| Total Liabilities and Shareholders' Equity |
|
$ 1,556,684
|
$ 1,521,074
|
|
|