Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Interest income:      
Available-for-sale securities $ 448,620 $ 197,126 $ 39,844
Trading securities 4,873 4,159 170
Mortgage loans held-for-sale 609 2 0
Cash and cash equivalents 944 347 107
Total interest income 455,046 201,634 40,121
Interest expense 72,106 22,709 4,421
Net interest income 382,940 178,925 35,700
Other-than-temporary impairments:      
Total other-than-temporary impairment losses (10,952) (5,102) 0
Non-credit portion of loss recognized in other comprehensive income (loss) 0 0 0
Net other-than-temporary credit impairment losses (10,952) (5,102) 0
Other income:      
Gain on investment securities, net 122,466 36,520 6,127
Loss on interest rate swap and swaption agreements (159,775) (86,769) (6,344)
Gain (loss) on other derivative instruments (40,906) 26,755 7,156
Gain on mortgage loans 2,270 0 0
Total other (loss) income (75,945) (23,494) 6,939
Expenses:      
Management fees 33,168 14,241 2,989
Other operating expenses 17,678 9,673 4,578
Total expenses 50,846 23,914 7,567
Income from continuing operations before income taxes 245,197 126,415 35,072
Benefit from income taxes (42,219) (1,106) (683)
Net income from continuing operations 287,416 127,521 35,755
Income (loss) from discontinued operations 4,490 (89) 0
Net income attributable to common stockholders 291,906 127,432 35,755
Basic earnings (loss) per weighted average common share:      
Continuing operations $ 1.19 $ 1.29 $ 1.60
Discontinued operations $ 0.02 $ 0.00 $ 0.00
Net income $ 1.21 $ 1.29 $ 1.60
Diluted earnings (loss) per weighted average common share:      
Continuing operations $ 1.18 $ 1.29 $ 1.60
Discontinued operations $ 0.02 $ 0.00 $ 0.00
Net income $ 1.20 $ 1.29 $ 1.60
Dividends declared per common share $ 1.71 $ 1.60 $ 1.48
Basic weighted average number of shares of common stock 242,014,751 98,826,868 22,381,683
Diluted weighted average number of shares of common stock 242,432,156 98,826,868 22,381,683
Comprehensive income:      
Net income attributable to common stockholders 291,906 127,432 35,755
Other comprehensive income (loss):      
Unrealized gain (loss) on available-for-sale securities, net 755,174 (81,335) 23,569
Other comprehensive income (loss) 755,174 (81,335) 23,569
Comprehensive income $ 1,047,080 $ 46,097 $ 59,324