CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Available-for-sale securities, at fair value $ 14,284,625 $ 7,825,320
Residential mortgage loans held-for-sale, at fair value 723,174 811,431
Residential mortgage loans held-for-investment in securitization trusts, at fair value 3,620,037 3,173,727
Commercial real estate assets 1,114,548 660,953
Mortgage servicing rights, at fair value 455,629 493,688
Cash and cash equivalents 688,418 737,831
Restricted cash 264,872 262,562
Accrued interest receivable 67,089 49,970
Due from counterparties 56,095 17,206
Derivative assets, at fair value 199,013 271,509
Other assets 326,396 271,575
Total Assets [1] 21,799,896 14,575,772
Liabilities    
Repurchase agreements 10,637,373 5,008,274
Collateralized borrowings in securitization trusts, at fair value 3,375,906 2,000,110
Federal Home Loan Bank advances 4,000,000 3,785,000
Revolving credit facilities 30,000 0
Derivative liabilities, at fair value 39,918 7,285
Due to counterparties 78,179 34,294
Dividends payable 79,956 92,016
Other liabilities 80,323 72,232
Total liabilities [1] 18,321,655 10,999,211
Stockholders' Equity    
Preferred stock, par value $0.01 per share; 50,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, par value $0.01 per share; 900,000,000 shares authorized and 347,635,488 and 353,906,807 shares issued and outstanding, respectively 3,476 3,539
Additional paid-in capital 3,655,854 3,705,519
Accumulated other comprehensive income 538,443 359,061
Cumulative earnings 1,696,630 1,684,755
Cumulative distributions to stockholders (2,416,162) (2,176,313)
Total stockholders’ equity 3,478,241 3,576,561
Total Liabilities and Stockholders’ Equity 21,799,896 14,575,772
Variable Interest Entity, Consolidated, Carrying Amount, Assets 3,686,340 3,237,918
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities $ 3,398,215 $ 2,017,677
[1] The condensed consolidated balance sheets include assets of consolidated variable interest entities, or VIEs, that can only be used to settle obligations of these VIEs, and liabilities of the consolidated VIEs for which creditors do not have recourse to Two Harbors Investment Corp. At September 30, 2016 and December 31, 2015, assets of the VIEs totaled $3,686,340 and $3,237,918, and liabilities of the VIEs totaled $3,398,215 and $2,017,677, respectively. See Note 3 - Variable Interest Entities for additional information.