| Schedule of Quarterly Financial Information [Table Text Block] |
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2012 Quarter Ended |
(in thousands, except share data) |
March 31 |
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June 30 |
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September 30 |
|
December 31 |
Interest income: |
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|
|
|
|
|
|
|
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Available-for-sale securities |
$ |
84,214 |
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$ |
104,319 |
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$ |
124,621 |
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$ |
135,466 |
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Trading securities |
1,050 |
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|
1,250 |
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|
1,278 |
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|
1,295 |
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Mortgage loans held-for-sale |
69 |
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|
126 |
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|
167 |
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|
247 |
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Cash and cash equivalents |
168 |
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|
209 |
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|
243 |
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|
324 |
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Total interest income |
85,501 |
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|
105,904 |
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|
126,309 |
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|
137,332 |
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Interest expense |
11,467 |
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|
15,527 |
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|
20,743 |
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|
24,369 |
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Net interest income |
74,034 |
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90,377 |
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105,566 |
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112,963 |
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Other-than-temporary impairments: |
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Total other-than-temporary impairment losses |
(4,275 |
) |
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(4,476 |
) |
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(559 |
) |
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(1,642 |
) |
Non-credit portion of loss recognized in other comprehensive income (loss) |
— |
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— |
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— |
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— |
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Net other-than-temporary credit impairment losses |
(4,275 |
) |
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(4,476 |
) |
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(559 |
) |
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(1,642 |
) |
Other income: |
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Gain on investment securities, net |
9,931 |
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1,789 |
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|
2,527 |
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|
108,219 |
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Loss on interest rate swap and swaption agreements |
(16,193 |
) |
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(61,014 |
) |
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(76,472 |
) |
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(6,096 |
) |
(Loss) gain on other derivative instruments |
(8,903 |
) |
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(7,577 |
) |
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2,850 |
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(27,276 |
) |
(Loss) gain on mortgage loans |
(32 |
) |
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10 |
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|
613 |
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|
1,679 |
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Total other (loss) income |
(15,197 |
) |
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(66,792 |
) |
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(70,482 |
) |
|
76,526 |
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Expenses: |
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Management fees |
6,743 |
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7,610 |
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8,929 |
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9,886 |
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Other operating expenses |
3,550 |
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3,919 |
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3,954 |
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|
6,255 |
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Total expenses |
10,293 |
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11,529 |
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12,883 |
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|
16,141 |
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Income from continuing operations before income taxes |
44,269 |
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7,580 |
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21,642 |
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|
171,706 |
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Benefit from income taxes |
(7,577 |
) |
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(16,605 |
) |
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(7,834 |
) |
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(10,203 |
) |
Net income from continuing operations |
51,846 |
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24,185 |
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29,476 |
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181,909 |
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(Loss) income from discontinued operations |
(46 |
) |
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(181 |
) |
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(2,674 |
) |
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7,391 |
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Net income attributable to common stockholders |
$ |
51,800 |
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$ |
24,004 |
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$ |
26,802 |
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$ |
189,300 |
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Basic earnings (loss) per weighted average common share: |
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Continuing operations |
$ |
0.28 |
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$ |
0.11 |
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$ |
0.11 |
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$ |
0.62 |
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Discontinued operations |
— |
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— |
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(0.01 |
) |
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0.02 |
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Net income |
$ |
0.28 |
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$ |
0.11 |
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$ |
0.10 |
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$ |
0.64 |
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Diluted earnings (loss) per weighted average common share: |
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Continuing operations |
$ |
0.28 |
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$ |
0.11 |
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$ |
0.11 |
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$ |
0.61 |
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Discontinued operations |
— |
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— |
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(0.01 |
) |
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0.03 |
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Net income |
$ |
0.28 |
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$ |
0.11 |
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$ |
0.10 |
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$ |
0.64 |
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Weighted average number of common shares: |
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Basic |
186,855,589 |
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214,810,579 |
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270,005,212 |
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295,492,372 |
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Diluted |
186,855,589 |
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214,810,579 |
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270,937,960 |
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296,229,245 |
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2011 Quarter Ended |
(in thousands, except share data) |
March 31 |
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June 30 |
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September 30 |
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December 31 |
Interest income: |
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Available-for-sale securities |
$ |
19,535 |
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$ |
39,959 |
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$ |
65,919 |
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$ |
71,713 |
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Trading securities |
272 |
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|
805 |
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|
1,706 |
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|
1,376 |
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Mortgage loans held-for-sale |
— |
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— |
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— |
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|
2 |
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Cash and cash equivalents |
63 |
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|
64 |
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|
114 |
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|
106 |
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Total interest income |
19,870 |
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|
40,828 |
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|
67,739 |
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|
73,197 |
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Interest expense |
2,499 |
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|
3,863 |
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|
7,218 |
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|
9,129 |
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Net interest income |
17,371 |
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|
36,965 |
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|
60,521 |
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|
64,068 |
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Other-than-temporary impairments: |
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Total other-than-temporary impairment losses |
— |
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|
(294 |
) |
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(3,371 |
) |
|
(1,437 |
) |
Non-credit portion of loss recognized in other comprehensive income (loss) |
— |
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|
— |
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|
— |
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|
— |
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Net other-than-temporary credit impairment losses |
— |
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(294 |
) |
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(3,371 |
) |
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(1,437 |
) |
Other income: |
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Gain on investment securities, net |
1,539 |
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|
3,189 |
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|
31,432 |
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|
360 |
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Gain (loss) on interest rate swap and swaption agreements |
1,939 |
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(50,808 |
) |
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(39,311 |
) |
|
1,411 |
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Gain (loss) on other derivative instruments |
5,347 |
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|
9,766 |
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22,361 |
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(10,719 |
) |
Gain on mortgage loans |
— |
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— |
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|
— |
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|
— |
|
Total other income (loss) |
8,825 |
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(37,853 |
) |
|
14,482 |
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(8,948 |
) |
Expenses: |
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Management fees |
1,550 |
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|
2,728 |
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|
4,785 |
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|
5,178 |
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Other operating expenses |
1,512 |
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|
2,155 |
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|
2,850 |
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|
3,156 |
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Total expenses |
3,062 |
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|
4,883 |
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|
7,635 |
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|
8,334 |
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Income (loss) from continuing operations before income taxes |
23,134 |
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(6,065 |
) |
|
63,997 |
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|
45,349 |
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Benefit from (provision for) income taxes |
757 |
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(5,081 |
) |
|
9,388 |
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|
(6,170 |
) |
Net income (loss) from continuing operations |
22,377 |
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|
(984 |
) |
|
54,609 |
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|
51,519 |
|
Loss from discontinued operations |
— |
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|
— |
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|
— |
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|
(89 |
) |
Net income (loss) attributable to common stockholders |
$ |
22,377 |
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$ |
(984 |
) |
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$ |
54,609 |
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$ |
51,430 |
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Basic earnings (loss) per weighted average common share: |
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Continuing operations |
$ |
0.49 |
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$ |
(0.01 |
) |
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$ |
0.42 |
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|
$ |
0.37 |
|
Discontinued operations |
— |
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|
— |
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|
— |
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|
— |
|
Net income |
$ |
0.49 |
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|
$ |
(0.01 |
) |
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$ |
0.42 |
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|
$ |
0.37 |
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Diluted earnings (loss) per weighted average common share: |
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Continuing operations |
$ |
0.49 |
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|
$ |
(0.01 |
) |
|
$ |
0.42 |
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|
$ |
0.37 |
|
Discontinued operations |
— |
|
|
— |
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|
— |
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|
— |
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Net income |
$ |
0.49 |
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|
$ |
(0.01 |
) |
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$ |
0.42 |
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$ |
0.37 |
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Weighted average number of common shares: |
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Basic |
45,612,376 |
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|
77,101,606 |
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|
130,607,566 |
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|
140,592,941 |
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Diluted |
45,612,376 |
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|
77,101,606 |
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|
130,607,566 |
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|
140,592,941 |
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2010 Quarter Ended |
(in thousands, except share data) |
March 31 |
|
June 30 |
|
September 30 |
|
December 31 |
Interest income: |
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|
|
|
|
|
|
|
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Available-for-sale securities |
$ |
6,153 |
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|
$ |
9,088 |
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$ |
11,823 |
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$ |
12,780 |
|
Trading securities |
— |
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|
— |
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|
15 |
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|
155 |
|
Mortgage loans held-for-sale |
— |
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|
— |
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|
— |
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|
— |
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Cash and cash equivalents |
6 |
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|
37 |
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|
27 |
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|
37 |
|
Total interest income |
6,159 |
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|
9,125 |
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|
11,865 |
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|
12,972 |
|
Interest expense |
518 |
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|
863 |
|
|
1,396 |
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|
1,644 |
|
Net interest income |
5,641 |
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|
8,262 |
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|
10,469 |
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|
11,328 |
|
Other-than-temporary impairments: |
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|
|
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|
Total other-than-temporary impairment losses |
— |
|
|
— |
|
|
— |
|
|
— |
|
Non-credit portion of loss recognized in other comprehensive income (loss) |
— |
|
|
— |
|
|
— |
|
|
— |
|
Net other-than-temporary credit impairment losses |
— |
|
|
— |
|
|
— |
|
|
— |
|
Other income: |
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|
|
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Gain on investment securities, net |
1,197 |
|
|
834 |
|
|
2,577 |
|
|
1,519 |
|
(Loss) gain on interest rate swap and swaption agreements |
(1,547 |
) |
|
(4,054 |
) |
|
(4,436 |
) |
|
3,693 |
|
Gain on other derivative instruments |
946 |
|
|
153 |
|
|
3,098 |
|
|
2,959 |
|
Gain on mortgage loans |
— |
|
|
— |
|
|
— |
|
|
— |
|
Total other income (loss) |
596 |
|
|
(3,067 |
) |
|
1,239 |
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|
8,171 |
|
Expenses: |
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Management fees |
457 |
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|
748 |
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|
863 |
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|
921 |
|
Other operating expenses |
987 |
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|
1,132 |
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|
1,213 |
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|
1,246 |
|
Total expenses |
1,444 |
|
|
1,880 |
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|
2,076 |
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|
2,167 |
|
Income from continuing operations before income taxes |
4,793 |
|
|
3,315 |
|
|
9,632 |
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|
17,332 |
|
(Benefit from) provision for income taxes |
(535 |
) |
|
(774 |
) |
|
(246 |
) |
|
872 |
|
Net income from continuing operations |
5,328 |
|
|
4,089 |
|
|
9,878 |
|
|
16,460 |
|
Loss from discontinued operations |
— |
|
|
— |
|
|
— |
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|
— |
|
Net income attributable to common stockholders |
$ |
5,328 |
|
|
$ |
4,089 |
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|
$ |
9,878 |
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|
$ |
16,460 |
|
Basic earnings (loss) per weighted average common share: |
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|
Continuing operations |
$ |
0.40 |
|
|
$ |
0.18 |
|
|
$ |
0.38 |
|
|
$ |
0.60 |
|
Discontinued operations |
— |
|
|
— |
|
|
— |
|
|
— |
|
Net income |
$ |
0.40 |
|
|
$ |
0.18 |
|
|
$ |
0.38 |
|
|
$ |
0.60 |
|
Diluted earnings (loss) per weighted average common share: |
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|
|
|
|
|
|
Continuing operations |
$ |
0.40 |
|
|
$ |
0.18 |
|
|
$ |
0.38 |
|
|
$ |
0.60 |
|
Discontinued operations |
— |
|
|
— |
|
|
— |
|
|
— |
|
Net income |
$ |
0.40 |
|
|
$ |
0.18 |
|
|
$ |
0.38 |
|
|
$ |
0.60 |
|
Weighted average number of common shares: |
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|
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|
Basic |
13,401,368 |
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|
22,466,691 |
|
|
26,126,212 |
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|
27,532,462 |
|
Diluted |
13,401,368 |
|
|
22,466,691 |
|
|
26,126,212 |
|
|
27,532,462 |
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|