CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
INTEREST INCOME (EXPENSE)                      
Interest income $ 9,315 $ 11,315 $ 9,841 $ 10,280 $ 11,806 $ 11,484 $ 11,575 $ 11,959 $ 40,751 $ 46,824 $ 27,866
Interest expense (1,816) (1,642) (1,520) (1,258) (1,165) (1,121) (1,070) (1,155) (6,236) (4,511) (3,056)
Total net interest income 7,499 9,673 8,321 9,022 10,641 10,363 10,505 10,804 34,515 42,313 24,810
EXPENSES                      
Management fees 545 557 592 610 552 574 567 592 2,304 2,285 2,066
Professional fees 152 144 135 143 587 123 137 139 574 986 624
Compensation expense 87 [1] 168 [1] 173 [1] 193 [1] 182 [1] 157 [1] 174 [1] 165 [1] 621 [2] 678 [2] 401 [2]
Other operating expenses 405 [1] 406 [1] 365 [1] 470 [1] 426 [1] 440 [1] 439 [1] 498 [1] 1,646 [2] 1,803 [2] 1,235 [2]
Total expenses 1,189 1,275 1,265 1,416 1,747 1,294 1,317 1,394 5,145 5,752 4,326
OTHER INCOME (LOSS)                      
Net realized gains (losses) on securities                 9,577 2,457 (37,456)
Net realized gains (losses) on financial derivatives                 (23,432) (31,878) 7,310
Change in net unrealized gains (losses) on securities                 (18,904) 48,550 (26,146)
Change in net unrealized gains (losses) on financial derivatives                 3,419 (39,522) 33,894
Total other income (loss) (5,330) (13,215) (6,866) (3,929) (10,070) (5,536) 1,862 (6,649) (29,340) (20,393) (22,398)
NET INCOME (LOSS) $ 980 $ (4,817) $ 190 $ 3,677 $ (1,176) $ 3,533 $ 11,050 $ 2,761 $ 30 $ 16,168 $ (1,914)
NET INCOME (LOSS) PER COMMON SHARE:                      
Basic and Diluted (in dollars per share) $ 0.11 $ (0.53) $ 0.02 $ 0.40 $ (0.13) $ 0.39 $ 1.21 $ 0.30 $ 0.00 $ 1.77 $ (0.29)
CASH DIVIDENDS PER COMMON SHARE:                      
Dividends declared (in dollars per share) $ 0.45 $ 0.45 $ 0.55 $ 0.55 $ 0.55 $ 0.55 $ 0.55 $ 0.55 $ 2.00 $ 2.20 $ 1.14
[1] Conformed to current period presentation.
[2] Conformed to current period presentation.