7Baggers
Quarterly
Annual
    Unit: USD2008-09-30 2008-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 2004-06-30 2004-03-31 2003-09-30 
      
    		            
      interest income:
    		            
      investment securities
    		139,419,000 118,542,000           
      cash and cash equivalent investments
    		1,529,000 2,151,000           
      interest income
    		140,948,000 120,693,000           
      interest expense
    		85,033,000 76,661,000 42,785,000 48,499,000 49,060,000 46,508,000 39,766,000 14,263,000 21,959,000    
      net interest income
    		55,915,000 44,032,000 11,210,000 10,308,000 8,471,000 14,634,000 21,473,000 16,111,250 20,456,000 19,897,000 24,092,000  
      other (loss)/income:
    		            
      net income on sales of mbs
    		            
      other-than-temporary impairment on investment securities
    		-183,000 -4,017,000           
      revenue from operations of real estate
    		407,000 398,000 694,000 1,058,000 1,079,000 1,017,000 1,033,000 1,058,000 1,031,000 1,035,000 1,002,000 723,000 
      loss on termination of swaps
    		-986,000            
      miscellaneous other income
    		68,000 87,000  226,000 93,000 20,000 12,000 14,000 7,000 12,000 162,000  
      other losses
    		-694,000            
      operating and other income:
    		            
      compensation and benefits
    		3,264,000 2,687,000 1,558,000 1,106,000 1,346,000 1,498,000 1,555,000 1,416,000 1,368,000 1,352,000 1,467,000 1,002,000 
      real estate operating expense and mortgage interest
    		439,000 424,000           
      new business initiative
    		 998,000           
      other general and administrative expense
    		1,465,000 1,353,000  894,000 871,000 927,000  1,138,000 684,000 763,000   
      operating and other income
    		5,168,000 5,462,000           
      income/(loss) from continuing operations
    		50,053,000            
      discontinued operations:
    		            
      gains-tax refunds
    		            
      income from discontinued operations
    		            
      net income/(loss) before preferred stock dividends
    		50,053,000 35,038,000           
      less: preferred stock dividends
    		2,040,000 2,040,000 2,040,000 2,040,000 2,040,000 2,040,000 2,040,000 1,758,000 1,062,000 756,000   
      net income/(loss) to common stockholders
    		48,013,000 32,998,000           
      income/
    		 200           
      income/(loss) per share from continuing operations – basic and diluted
    		0.24            
      income from discontinued operations – basic and diluted
    		  0.06          
      income/(loss) per share of common stock – basic and diluted
    		0.24            
      dividends declared per share of common stock
    		0.2 0.18           
      weighted-average shares outstanding:
    		            
      basic
    		199,406 165,896           
      diluted
    		199,849 165,925           
      other income/
    		            
      net income on sale of mbs
    		            
      gain/
    		            
      other (loss)/income
    		 -3,532,000           
      mbs income
    		  53,329,000 57,708,000 56,396,000 60,752,000 60,942,000 54,003,000 42,210,000 38,678,000 40,066,000 26,290,000 
      interest income on temporary cash investments
    		  666,000    297,000 264,000 205,000 171,000 167,000 192,000 
      total interest income
    		  53,995,000 58,807,000 57,531,000 61,142,000 61,239,000 30,374,250 42,415,000 38,849,000 40,233,000  
      other income:
    		            
      gain on sale of mbs
    		  1,597,000          
      miscellaneous other
    		  239,000          
      total other income
    		  2,530,000 816,000 1,182,000 1,037,000 1,045,000 905,000 1,409,000 1,047,000 1,164,000  
      real estate operating expense
    		  473,000 690,000 742,000 674,000 699,000 704,000 739,000 708,000 709,000 466,000 
      mortgage interest on real estate
    		  297,000 421,000 423,000 413,000 424,000 425,000 426,000 421,000 426,000 301,000 
      other general and administrative
    		  1,117,000    959,000    749,000 541,000 
      total operating and other income
    		  3,445,000 3,111,000 3,382,000 3,512,000 3,637,000 3,683,000 3,217,000 3,244,000 3,351,000 2,310,000 
      income before discontinued operations and preferred
    		            
      stock dividends
    		  10,295,000          
      (loss)/income from discontinued operations
    		  -37,000          
      gain on sale of real estate, net of tax of 1,820
    		  4,705,000          
      discontinued operations
    		  4,668,000          
      income before preferred stock dividends
    		  14,963,000          
      net income available to common stockholders
    		  12,923,000 7,797,750 4,231,000 10,119,000 16,841,000 18,062,000 17,586,000 16,944,000   
      earnings per share of common stock:
    		            
      income from continuing operations – basic and diluted
    		  0.1          
      earnings per share – basic and diluted
    		  0.16          
      weighted-average shares outstanding – basic
    		  79,950  82,342 82,385 82,243 76,168 78,607 76,214 68,910  
      weighted-average shares outstanding – diluted
    		  79,973  82,370 82,418 82,285 76,217   69,001  
      interest income on cash investments
    		   455,500 1,135,000 390,000       
      gain on sale of securities
    		   2,500 10,000   92,750 371,000    
      net income
    		   -30,603,000 6,271,000 12,159,000 18,881,000 19,820,000 18,648,000 17,700,000 21,905,000 11,763,000 
      yoy
    		   -254.40% -66.37% -31.31% -13.81% 68.49%     
      qoq
    		   -588.01% -48.43% -35.60% -4.74% 6.28% 5.36% -19.20% 86.22%  
      net income margin %
    		            
      earnings per share – basic
    		   0.095 0.05 0.12 0.2      
      earnings per share – diluted
    		   0.095 0.05 0.12 0.2      
      income from equity interests in real estate
    		            
      gain on sale of real estate and equity investments in
    		            
      real estate
    		            
      income per share available to common stockholders:
    		            
      net income per share
    		       0.19 0.22 0.22 0.32 0.21 
      weighted-average shares of common stock and common
    		            
      stock equivalents outstanding – diluted
    		       18,660 78,653    
      interest expense on repurchase agreements
    		         18,952,000 16,141,000 13,386,000 
      weighted-average shares of common stock and common stock equivalents outstanding – diluted
    		         76,260   
      income from equity interest in real estate
    		            
      income per share:
    		            
      interest and dividend income:
    		            
      corporate debt securities income
    		            
      dividend income
    		            
      total interest and dividend income
    		           26,482,000 
      net interest and dividend income
    		           13,096,000 
      (loss)/income from equity interests in real estate
    		           -227,000 
      net income on sale securities
    		           -599,000 
      gain on sale of real estate and equity investments in real
    		            
      estate
    		           1,080,000 
      other-than-temporary impairment on investment
    		            
      securities
    		            
      total other income/
    		           977,000 
      weighted-average shares outstanding - basic
    		   82,025        57,248 
      weighted-average shares outstanding - diluted
    		   82,025        57,337 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.