| Schedule of Quarterly Financial Information [Table Text Block] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2011 Quarter Ended |
(in thousands, except share data) |
March 31 |
|
June 30 |
|
September 30 |
|
December 31 |
Interest income: |
|
|
|
|
|
|
|
|
|
|
|
Available-for-sale securities |
$ |
19,535 |
|
|
$ |
39,959 |
|
|
$ |
65,919 |
|
|
$ |
71,713 |
|
Trading securities |
272 |
|
|
805 |
|
|
1,706 |
|
|
1,376 |
|
Mortgage loans held-for-sale |
— |
|
|
— |
|
|
— |
|
|
2 |
|
Cash and cash equivalents |
63 |
|
|
64 |
|
|
114 |
|
|
106 |
|
Total interest income |
19,870 |
|
|
40,828 |
|
|
67,739 |
|
|
73,197 |
|
Interest expense |
2,499 |
|
|
3,863 |
|
|
7,218 |
|
|
9,129 |
|
Net interest income |
17,371 |
|
|
36,965 |
|
|
60,521 |
|
|
64,068 |
|
Other-than-temporary impairments: |
|
|
|
|
|
|
|
Total other-than-temporary impairment losses |
— |
|
|
(294 |
) |
|
(3,371 |
) |
|
(1,437 |
) |
Non-credit portion of loss recognized in other comprehensive income (loss) |
— |
|
|
— |
|
|
— |
|
|
— |
|
Net other-than-temporary credit impairment losses |
— |
|
|
(294 |
) |
|
(3,371 |
) |
|
(1,437 |
) |
Other income: |
|
|
|
|
|
|
|
Gain on investment securities, net |
1,539 |
|
|
3,189 |
|
|
31,432 |
|
|
360 |
|
Gain (loss) on interest rate swap agreements |
1,939 |
|
|
(50,808 |
) |
|
(39,311 |
) |
|
1,411 |
|
Gain (loss) on other derivative instruments |
5,347 |
|
|
9,766 |
|
|
22,361 |
|
|
(10,719 |
) |
Total other income (loss) |
8,825 |
|
|
(37,853 |
) |
|
14,482 |
|
|
(8,948 |
) |
Expenses: |
|
|
|
|
|
|
|
Management fees |
1,550 |
|
|
2,728 |
|
|
4,785 |
|
|
5,178 |
|
Operating expenses |
1,512 |
|
|
2,155 |
|
|
2,850 |
|
|
3,245 |
|
Total expenses |
3,062 |
|
|
4,883 |
|
|
7,635 |
|
|
8,423 |
|
Income (loss) before income taxes |
23,134 |
|
|
(6,065 |
) |
|
63,997 |
|
|
45,260 |
|
Benefit from (provision for) income taxes |
(757 |
) |
|
5,081 |
|
|
(9,388 |
) |
|
6,170 |
|
Net income (loss) |
22,377 |
|
|
(984 |
) |
|
54,609 |
|
|
51,430 |
|
Accretion of Trust Account income relating to common stock subject to possible conversion |
— |
|
|
— |
|
|
— |
|
|
— |
|
Net loss attributable to other common stockholders |
$ |
22,377 |
|
|
$ |
(984 |
) |
|
$ |
54,609 |
|
|
$ |
51,430 |
|
Basic and diluted income (loss) per share |
$ |
0.49 |
|
|
$ |
(0.01 |
) |
|
$ |
0.42 |
|
|
$ |
0.37 |
|
Weighted average number of common shares outstanding, excluding shares subject to possible conversion - basic and diluted |
45,612,376 |
|
|
77,101,606 |
|
|
130,607,566 |
|
|
140,592,941 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2010 Quarter Ended |
(in thousands, except share data) |
March 31 |
|
June 30 |
|
September 30 |
|
December 31 |
Interest income: |
|
|
|
|
|
|
|
|
|
|
|
Available-for-sale securities |
$ |
6,153 |
|
|
$ |
9,088 |
|
|
$ |
11,823 |
|
|
$ |
12,780 |
|
Trading securities |
— |
|
|
— |
|
|
15 |
|
|
155 |
|
Mortgage loans held-for-sale |
— |
|
|
— |
|
|
— |
|
|
— |
|
Cash and cash equivalents |
6 |
|
|
37 |
|
|
27 |
|
|
37 |
|
Total interest income |
6,159 |
|
|
9,125 |
|
|
11,865 |
|
|
12,972 |
|
Interest expense |
518 |
|
|
863 |
|
|
1,396 |
|
|
1,644 |
|
Net interest income |
5,641 |
|
|
8,262 |
|
|
10,469 |
|
|
11,328 |
|
Other-than-temporary impairments: |
|
|
|
|
|
|
|
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: |
|
|
|
|
|
|
|
Gain on investment securities, net |
1,197 |
|
|
834 |
|
|
2,577 |
|
|
1,519 |
|
(Loss) gain on interest rate swap agreements |
(1,547 |
) |
|
(4,054 |
) |
|
(4,436 |
) |
|
3,693 |
|
Gain on other derivative instruments |
946 |
|
|
153 |
|
|
3,098 |
|
|
2,959 |
|
Total other income |
596 |
|
|
(3,067 |
) |
|
1,239 |
|
|
8,171 |
|
Expenses: |
|
|
|
|
|
|
|
Management fees |
457 |
|
|
748 |
|
|
863 |
|
|
921 |
|
Operating expenses |
987 |
|
|
1,132 |
|
|
1,213 |
|
|
1,246 |
|
Total expenses |
1,444 |
|
|
1,880 |
|
|
2,076 |
|
|
2,167 |
|
Income (loss) before income taxes |
4,793 |
|
|
3,315 |
|
|
9,632 |
|
|
17,332 |
|
(Provision for) benefit from income taxes |
535 |
|
|
774 |
|
|
246 |
|
|
(872 |
) |
Net income (loss) |
5,328 |
|
|
4,089 |
|
|
9,878 |
|
|
16,460 |
|
Accretion of Trust Account income relating to common stock subject to possible conversion |
— |
|
|
— |
|
|
— |
|
|
— |
|
Net loss attributable to other common stockholders |
$ |
5,328 |
|
|
$ |
4,089 |
|
|
$ |
9,878 |
|
|
$ |
16,460 |
|
Basic and diluted loss per share |
$ |
0.40 |
|
|
$ |
0.18 |
|
|
$ |
0.38 |
|
|
$ |
0.60 |
|
Weighted average number of common shares outstanding, excluding shares subject to possible conversion - basic and diluted |
13,401,368 |
|
|
22,466,691 |
|
|
26,126,212 |
|
|
27,532,462 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2009 Quarter Ended |
(in thousands, except share data) |
March 31 |
|
June 30 |
|
September 30 |
|
December 31 |
Interest income: |
|
|
|
|
|
|
|
|
|
|
|
Available-for-sale securities |
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
2,796 |
|
Trading securities |
— |
|
|
— |
|
|
— |
|
|
— |
|
Mortgage loans held-for-sale |
— |
|
|
— |
|
|
— |
|
|
— |
|
Cash and cash equivalents |
49 |
|
|
7 |
|
|
1 |
|
|
13 |
|
Total interest income |
49 |
|
|
7 |
|
|
1 |
|
|
2,809 |
|
Interest expense |
— |
|
|
— |
|
|
— |
|
|
131 |
|
Net interest income |
49 |
|
|
7 |
|
|
1 |
|
|
2,678 |
|
Other-than-temporary impairments: |
|
|
|
|
|
|
|
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: |
|
|
|
|
|
|
|
Gain on investment securities, net |
— |
|
|
— |
|
|
— |
|
|
336 |
|
Gain (loss) on interest rate swap agreements |
— |
|
|
— |
|
|
— |
|
|
364 |
|
Gain on other derivative instruments |
— |
|
|
— |
|
|
— |
|
|
— |
|
Total other income |
— |
|
|
— |
|
|
— |
|
|
700 |
|
Expenses: |
|
|
|
|
|
|
|
Management fees |
— |
|
|
— |
|
|
— |
|
|
326 |
|
Operating expenses |
320 |
|
|
1,386 |
|
|
1,040 |
|
|
9,425 |
|
Total expenses |
320 |
|
|
1,386 |
|
|
1,040 |
|
|
9,751 |
|
Income (loss) before income taxes |
(271 |
) |
|
(1,379 |
) |
|
(1,039 |
) |
|
(6,373 |
) |
(Provision for) benefit from income taxes |
92 |
|
|
155 |
|
|
119 |
|
|
(48 |
) |
Net income (loss) |
(179 |
) |
|
(1,224 |
) |
|
(920 |
) |
|
(6,421 |
) |
Accretion of Trust Account income relating to common stock subject to possible conversion |
(31 |
) |
|
(37 |
) |
|
(25 |
) |
|
— |
|
Net loss attributable to other common stockholders |
$ |
(210 |
) |
|
$ |
(1,261 |
) |
|
$ |
(945 |
) |
|
$ |
(6,421 |
) |
Basic and diluted loss per share |
$ |
(0.01 |
) |
|
$ |
(0.05 |
) |
|
$ |
(0.04 |
) |
|
$ |
(0.38 |
) |
Weighted average number of common shares outstanding, excluding shares subject to possible conversion - basic and diluted |
24,936,558 |
|
|
24,936,558 |
|
|
24,936,558 |
|
|
16,935,316 |
|
|