Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Interest income:    
Available-for-sale securities $ 84,214 $ 19,535
Trading securities 1,050 272
Mortgage loans held-for-sale 69 0
Cash and cash equivalents 168 63
Total interest income 85,501 19,870
Interest expense 11,467 2,499
Net interest income 74,034 17,371
Other-than-temporary impairments:    
Total other-than-temporary impairment losses (4,275) 0
Non-credit portion of loss recognized in other comprehensive income (loss) 0 0
Net other-than-temporary credit impairment losses (4,275) 0
Other income:    
Gain on investment securities, net 9,931 1,539
(Loss) gain on interest rate swap and swaption agreements (16,193) 1,939
(Loss) gain on other derivative instruments (8,890) 5,347
Other loss (40) 0
Total other (loss) income (15,192) 8,825
Expenses:    
Management fees 6,743 1,550
Other operating expenses 3,601 1,512
Total expenses 10,344 3,062
Income before income taxes 44,223 23,134
(Benefit from) provision for income taxes 7,577 (757)
Net income attributable to common stockholders 51,800 22,377
Basic and diluted earnings per weighted average common share $ 0.28 $ 0.49
Dividends declared per common share $ 0.40 $ 0.40
Basic and diluted weighted average number of shares of common stock 186,855,589 45,612,376
Comprehensive income:    
Net income attributable to common stockholders 51,800 22,377
Other comprehensive income:    
Unrealized gain on available-for-sale securities, net 143,910 9,115
Other comprehensive income 143,910 9,115
Comprehensive income $ 195,710 $ 31,492