2012 Q3 Form 10-Q Financial Statement
#000127547712000061 Filed on November 02, 2012
Income Statement
Concept | 2012 Q3 | 2011 Q4 | 2011 Q3 |
---|---|---|---|
Revenue | $1.165M | -$90.00K | $1.134M |
YoY Change | 2.75% | -104.41% | -10.15% |
Cost Of Revenue | $370.0K | $320.0K | $300.0K |
YoY Change | 23.33% | -42.86% | -51.61% |
Gross Profit | $1.570M | -$410.0K | $470.0K |
YoY Change | 234.04% | -127.7% | -68.03% |
Gross Profit Margin | 134.8% | 41.46% | |
Selling, General & Admin | $2.334M | $1.860M | $2.379M |
YoY Change | -1.86% | -19.83% | 38.34% |
% of Gross Profit | 148.69% | 506.11% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $30.00K | $0.00 | $29.00K |
YoY Change | 3.45% | -71.0% | |
% of Gross Profit | 1.91% | 6.17% | |
Operating Expenses | $2.334M | $1.990M | $2.379M |
YoY Change | -1.86% | -19.43% | 38.34% |
Operating Profit | -$764.5K | -$2.400M | -$1.909M |
YoY Change | -59.95% | 142.42% | 665.03% |
Interest Expense | $103.7K | $52.71K | |
YoY Change | 96.68% | -23.35% | |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$761.7K | -$2.410M | -$1.913M |
YoY Change | -60.19% | 143.43% | 681.62% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$761.7K | -$2.407M | -$1.913M |
YoY Change | -60.18% | 143.13% | 1566.75% |
Net Earnings / Revenue | -65.4% | -168.76% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$74.07K | -$250.0K | -$192.0K |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2012 Q3 | 2011 Q4 | 2011 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $7.300M | $4.300M | $3.900M |
YoY Change | 87.18% | 53.57% | 25.81% |
Cash & Equivalents | $7.311M | $4.301M | $3.927M |
Short-Term Investments | |||
Other Short-Term Assets | $4.100M | $5.100M | $5.400M |
YoY Change | -24.07% | -22.73% | 390.91% |
Inventory | $0.00 | ||
Prepaid Expenses | |||
Receivables | $700.0K | $900.0K | $1.000M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $12.10M | $10.30M | $10.30M |
YoY Change | 17.48% | -0.96% | 94.34% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.805M | $3.884M | $3.914M |
YoY Change | -2.79% | -0.27% | 0.35% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $125.7M | $91.10M | $88.20M |
YoY Change | 42.52% | -32.57% | -32.57% |
Other Assets | $300.0K | $400.0K | $1.700M |
YoY Change | -82.35% | -88.57% | 13.33% |
Total Long-Term Assets | $134.1M | $98.95M | $98.85M |
YoY Change | 35.68% | -32.5% | -32.85% |
TOTAL ASSETS | |||
Total Short-Term Assets | $12.10M | $10.30M | $10.30M |
Total Long-Term Assets | $134.1M | $98.95M | $98.85M |
Total Assets | $146.2M | $109.3M | $109.1M |
YoY Change | 33.97% | -30.41% | -28.43% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $100.0K | $100.0K | $100.0K |
YoY Change | 0.0% | 0.0% | 0.0% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $107.1M | $69.50M | $67.40M |
YoY Change | 58.9% | -38.82% | -37.19% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $107.2M | $69.60M | $67.50M |
YoY Change | 58.81% | -38.79% | -37.15% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $26.80M | $26.80M | $26.80M |
YoY Change | 0.0% | 0.0% | 0.0% |
Other Long-Term Liabilities | $6.800M | $7.500M | $7.200M |
YoY Change | -5.56% | -7.41% | -11.11% |
Total Long-Term Liabilities | $33.60M | $34.30M | $34.00M |
YoY Change | -1.18% | -1.72% | -2.58% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $107.2M | $69.60M | $67.50M |
Total Long-Term Liabilities | $33.60M | $34.30M | $34.00M |
Total Liabilities | $140.8M | $103.9M | $101.4M |
YoY Change | 38.84% | -30.1% | -28.72% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$328.8M | -$328.7M | -$326.3M |
YoY Change | 0.77% | 0.8% | |
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $5.380M | $5.367M | $7.708M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $146.2M | $109.3M | $109.1M |
YoY Change | 33.97% | -30.41% | -28.43% |
Cashflow Statement
Concept | 2012 Q3 | 2011 Q4 | 2011 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$761.7K | -$2.407M | -$1.913M |
YoY Change | -60.18% | 143.13% | 1566.75% |
Depreciation, Depletion And Amortization | $30.00K | $0.00 | $29.00K |
YoY Change | 3.45% | -71.0% | |
Cash From Operating Activities | -$1.200M | -$400.0K | -$1.800M |
YoY Change | -33.33% | -63.64% | 63.64% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$12.30M | -$1.400M | $24.50M |
YoY Change | -150.2% | -70.21% | -169.21% |
Cash From Investing Activities | -$12.30M | -$1.400M | $24.50M |
YoY Change | -150.2% | -70.21% | -169.21% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 15.30M | 2.200M | -25.10M |
YoY Change | -160.96% | -59.26% | -171.1% |
NET CHANGE | |||
Cash From Operating Activities | -1.200M | -400.0K | -1.800M |
Cash From Investing Activities | -12.30M | -1.400M | 24.50M |
Cash From Financing Activities | 15.30M | 2.200M | -25.10M |
Net Change In Cash | 1.800M | 400.0K | -2.400M |
YoY Change | -175.0% | -200.0% | 100.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.200M | -$400.0K | -$1.800M |
Capital Expenditures | $0.00 | $0.00 | $0.00 |
Free Cash Flow | -$1.200M | -$400.0K | -$1.800M |
YoY Change | -33.33% | -63.64% | 63.64% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Trading Symbol
TradingSymbol
|
BMNM | ||
dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-09-30 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
Bimini Capital Management, Inc. | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001275477 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | ||
CY2011Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
417000 | USD |
CY2011Q4 | bmnm |
Retained Interests In Securitizations
RetainedInterestsInSecuritizations
|
3495471 | USD |
CY2011Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3884056 | USD |
CY2011Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
5113346 | USD |
CY2011Q4 | us-gaap |
Assets
Assets
|
109254296 | USD |
CY2012Q3 | us-gaap |
Junior Subordinated Notes
JuniorSubordinatedNotes
|
26804440 | USD |
CY2011Q4 | us-gaap |
Junior Subordinated Notes
JuniorSubordinatedNotes
|
26804440 | USD |
CY2012Q3 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
86814 | USD |
CY2011Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
71829 | USD |
CY2012Q3 | us-gaap |
Other Liabilities
OtherLiabilities
|
6826134 | USD |
CY2011Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
7483459 | USD |
CY2012Q3 | us-gaap |
Liabilities
Liabilities
|
140838491 | USD |
CY2011Q4 | us-gaap |
Liabilities
Liabilities
|
103887728 | USD |
CY2012Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
334201928 | USD |
CY2011Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
334075197 | USD |
CY2012Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-328832692 | USD |
CY2011Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-328718780 | USD |
CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5366568 | USD |
CY2011Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
109254296 | USD |
CY2012Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
146218120 | USD |
CY2011Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
901385 | USD |
CY2012Q3 | bmnm |
Mortgage Backed Securities At Fair Value Pledged As Collateral
MortgageBackedSecuritiesAtFairValuePledgedAsCollateral
|
113387586 | USD |
CY2011Q4 | bmnm |
Mortgage Backed Securities At Fair Value Pledged As Collateral
MortgageBackedSecuritiesAtFairValuePledgedAsCollateral
|
73064201 | USD |
CY2012Q3 | bmnm |
Mortgage Backed Securities At Fair Value Unpledged
MortgageBackedSecuritiesAtFairValueUnpledged
|
12351390 | USD |
CY2011Q4 | bmnm |
Mortgage Backed Securities At Fair Value Unpledged
MortgageBackedSecuritiesAtFairValueUnpledged
|
18078052 | USD |
CY2012Q3 | bmnm |
Mortgage Backed Securities At Fair Value
MortgageBackedSecuritiesAtFairValue
|
125738976 | USD |
CY2011Q4 | bmnm |
Mortgage Backed Securities At Fair Value
MortgageBackedSecuritiesAtFairValue
|
91142253 | USD |
CY2012Q3 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
264969 | USD |
CY2012Q3 | bmnm |
Retained Interests In Securitizations
RetainedInterestsInSecuritizations
|
4314687 | USD |
bmnm |
Losses Gains On Retained Interests In Securitizations
LossesGainsOnRetainedInterestsInSecuritizations
|
4204994 | USD | |
CY2012Q3 | us-gaap |
Interest Receivable
InterestReceivable
|
664207 | USD |
CY2012Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3804647 | USD |
CY2012Q3 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
4119857 | USD |
CY2012Q3 | us-gaap |
Assets
Assets
|
146218120 | USD |
CY2012Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2011Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4300785 | USD |
CY2012Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7310777 | USD |
CY2012Q3 | us-gaap |
Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
|
107121103 | USD |
CY2011Q4 | us-gaap |
Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
|
69528000 | USD |
us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
3487913 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
285315 | USD | |
bmnm |
Net Interest Income Before Interest Expense Junior Subordinated Debentures
NetInterestIncomeBeforeInterestExpenseJuniorSubordinatedDebentures
|
3202598 | USD | |
us-gaap |
Interest Expense Junior Subordinated Debentures
InterestExpenseJuniorSubordinatedDebentures
|
791891 | USD | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
2410707 | USD | |
us-gaap |
Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
|
-1230829 | USD | |
us-gaap |
Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
|
-763037 | USD | |
bmnm |
Net Portfolio Income
NetPortfolioIncome
|
416841 | USD | |
bmnm |
Other Income Expense
OtherIncomeExpense
|
36002 | USD | |
bmnm |
Other Income Expense Net
OtherIncomeExpenseNet
|
4240996 | USD | |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
1231139 | USD | |
bmnm |
Directors Fees And Liability Insurance
DirectorsFeesAndLiabilityInsurance
|
412109 | USD | |
us-gaap |
Professional Fees
ProfessionalFees
|
2116029 | USD | |
bmnm |
Direct Reit Operating Expenses
DirectReitOperatingExpenses
|
408784 | USD | |
us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
603688 | USD | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
4771749 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-113912 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
-113912 | USD | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
211519 | USD | |
us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
5620222 | USD | |
bmnm |
Other Income Expense
OtherIncomeExpense
|
-51895 | USD | |
bmnm |
Direct Reit Operating Expenses
DirectReitOperatingExpenses
|
403252 | USD | |
us-gaap |
Professional Fees
ProfessionalFees
|
2710630 | USD | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-215277 | USD | |
us-gaap |
Profit Loss
ProfitLoss
|
-215277 | USD | |
us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
4046746 | USD | |
bmnm |
Net Interest Income Before Interest Expense Junior Subordinated Debentures
NetInterestIncomeBeforeInterestExpenseJuniorSubordinatedDebentures
|
3835227 | USD | |
bmnm |
Losses Gains On Retained Interests In Securitizations
LossesGainsOnRetainedInterestsInSecuritizations
|
3891631 | USD | |
bmnm |
Net Portfolio Income
NetPortfolioIncome
|
1565209 | USD | |
us-gaap |
Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
|
-342624 | USD | |
bmnm |
Other Income Expense Net
OtherIncomeExpenseNet
|
3839736 | USD | |
bmnm |
Directors Fees And Liability Insurance
DirectorsFeesAndLiabilityInsurance
|
453201 | USD | |
us-gaap |
Interest Expense Junior Subordinated Debentures
InterestExpenseJuniorSubordinatedDebentures
|
749682 | USD | |
us-gaap |
Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
|
-1177712 | USD | |
us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
660286 | USD | |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
1392853 | USD | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
3085545 | USD | |
CY2012Q3 | bmnm |
Other Income Expense
OtherIncomeExpense
|
58800 | USD |
CY2012Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2012Q3 | us-gaap |
Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
|
318817 | USD |
CY2012Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
795292 | USD |
CY2012Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
1408722 | USD |
CY2012Q3 | bmnm |
Direct Reit Operating Expenses
DirectReitOperatingExpenses
|
136406 | USD |
CY2012Q3 | us-gaap |
Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
|
-337700 | USD |
CY2012Q3 | bmnm |
Other Income Expense Net
OtherIncomeExpenseNet
|
796367 | USD |
CY2012Q3 | bmnm |
Net Portfolio Income
NetPortfolioIncome
|
776409 | USD |
CY2012Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
391767 | USD |
CY2012Q3 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
259348 | USD |
CY2012Q3 | bmnm |
Losses Gains On Retained Interests In Securitizations
LossesGainsOnRetainedInterestsInSecuritizations
|
737567 | USD |
CY2012Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2334458 | USD |
CY2012Q3 | us-gaap |
Interest Expense
InterestExpense
|
103676 | USD |
CY2012Q3 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
1164675 | USD |
CY2012Q3 | bmnm |
Directors Fees And Liability Insurance
DirectorsFeesAndLiabilityInsurance
|
138215 | USD |
CY2012Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-761682 | USD |
CY2012Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-761682 | USD |
CY2012Q3 | bmnm |
Net Interest Income Before Interest Expense Junior Subordinated Debentures
NetInterestIncomeBeforeInterestExpenseJuniorSubordinatedDebentures
|
1060999 | USD |
CY2012Q3 | us-gaap |
Interest Expense Junior Subordinated Debentures
InterestExpenseJuniorSubordinatedDebentures
|
265707 | USD |
CY2011Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | USD |
CY2011Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
830774 | USD |
CY2011Q3 | bmnm |
Other Income Expense Net
OtherIncomeExpenseNet
|
2435574 | USD |
CY2011Q3 | bmnm |
Net Interest Income Before Interest Expense Junior Subordinated Debentures
NetInterestIncomeBeforeInterestExpenseJuniorSubordinatedDebentures
|
1080826 | USD |
CY2011Q3 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
220786 | USD |
CY2011Q3 | bmnm |
Net Portfolio Income
NetPortfolioIncome
|
-1970070 | USD |
CY2011Q3 | us-gaap |
Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
|
-822300 | USD |
CY2011Q3 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
1133540 | USD |
CY2011Q3 | bmnm |
Direct Reit Operating Expenses
DirectReitOperatingExpenses
|
131626 | USD |
CY2011Q3 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
2378712 | USD |
CY2011Q3 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
443041 | USD |
CY2011Q3 | us-gaap |
Interest Expense Junior Subordinated Debentures
InterestExpenseJuniorSubordinatedDebentures
|
250052 | USD |
CY2011Q3 | us-gaap |
Interest Expense
InterestExpense
|
52714 | USD |
CY2011Q3 | bmnm |
Other Income Expense
OtherIncomeExpense
|
-15013 | USD |
CY2011Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
1432921 | USD |
CY2011Q3 | bmnm |
Losses Gains On Retained Interests In Securitizations
LossesGainsOnRetainedInterestsInSecuritizations
|
2450587 | USD |
CY2011Q3 | us-gaap |
Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
|
-1978544 | USD |
CY2011Q3 | bmnm |
Directors Fees And Liability Insurance
DirectorsFeesAndLiabilityInsurance
|
150338 | USD |
CY2011Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-1913208 | USD |
CY2011Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-1913208 | USD |
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
0 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
63544 | USD | |
us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
0 | USD | |
bmnm |
Amortization Of Equity Awards
AmortizationOfEquityAwards
|
63429 | USD | |
CY2012Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5379629 | USD |
us-gaap |
Interest Paid
InterestPaid
|
1062221 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
1010527 | USD | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-152031 | USD | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-657325 | USD | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-237178 | USD | |
us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
126973 | USD | |
bmnm |
Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
|
662456590 | USD | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
14985 | USD | |
bmnm |
Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
|
624863487 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
89333 | USD | |
bmnm |
Payments To Acquire Mortgage Backed Securities Mbs Categorized As Trading
PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading
|
177679884 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-32284332 | USD | |
bmnm |
Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading
|
14158821 | USD | |
us-gaap |
Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
|
0 | USD | |
us-gaap |
Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
|
3385778 | USD | |
bmnm |
Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Trading
ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading
|
127708846 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-978154 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2298779 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
9924 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
37593103 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
3009992 | USD | |
us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
221047 | USD | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-49326 | USD | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-935891 | USD | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1204684 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3200155 | USD | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
89590 | USD | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-34025 | USD | |
bmnm |
Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Trading
ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading
|
73326473 | USD | |
us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-1801317 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
51161850 | USD | |
bmnm |
Payments To Acquire Mortgage Backed Securities Mbs Categorized As Trading
PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading
|
46317169 | USD | |
bmnm |
Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading
|
19582841 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
108528 | USD | |
us-gaap |
Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
|
2876916 | USD | |
us-gaap |
Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
|
-596 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
1096180 | USD | |
CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2830584 | USD |
bmnm |
Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
|
317815006 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-46865515 | USD | |
bmnm |
Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
|
364010848 | USD | |
CY2011Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3926764 | USD |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
0 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
669077 | USD | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
17706 | USD | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial Narrow;font-size:11pt;font-weight:bold;margin-left:0px;">Use of Estimates</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial Narrow;font-size:11pt;margin-left:18px;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates affecting the accompanying financial statements include the fair values of MBS, Eurodollar futures contracts, retained interests and asset valuation allowances.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p> | ||
us-gaap |
Cash Uninsured Amount Commentary
CashUninsuredAmountCommentary
|
Cash and cash equivalents are maintained at financial institutions and, at times, balances may exceed federally insured limits. The Company has never experienced any losses related to these balances. All noninterest-bearing cash balances were fully insured at September 30, 2012 due to a temporary federal program in effect from December 31, 2010 through December 31, 2012. Under the program, there is no limit to the amount of insurance for eligible accounts. Beginning in 2013, insurance coverage will revert to $250,000 per depositor at each financial institution, and our noninterest-bearing cash balances may again exceed federally insured limits. Interest-bearing amounts on deposit that would have been in excess of the $250,000 federally insured limit at September 30, 2012 approximated $2.6 million. | ||
bmnm |
Open Tax Year
OpenTaxYear
|
2008 | ||
bmnm |
Income Required To Be Distributed Commentary
IncomeRequiredToBeDistributedCommentary
|
A REIT must generally distribute at least 90% of its REIT taxable income to its stockholders, of which 85% generally must be distributed within the taxable year, in order to avoid the imposition of an excise tax. The remaining balance may be distributed up to the end of the following taxable year, provided the REIT elects to treat such amount as a prior year distribution and meets certain other requirements. | ||
CY2012Q3 | bmnm |
Repurchase Agreement Counterparties
RepurchaseAgreementCounterparties
|
6 | number |
us-gaap |
Debt Instrument Description
DebtInstrumentDescription
|
During 2005, Bimini Capital sponsored the formation of a statutory trust, known as Bimini Capital Trust II (“BCTII”) of which 100% of the common equity is owned by Bimini Capital. It was formed for the purpose of issuing trust preferred capital securities to third-party investors and investing the proceeds from the sale of such capital securities solely in junior subordinated debt securities of Bimini Capital. The debt securities held by BCTII are the sole assets of BCTII. | ||
us-gaap |
Debt Instrument Issuer
DebtInstrumentIssuer
|
Bimini Capital Trust II | ||
us-gaap |
Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
|
Three Month LIBOR | ||
CY2012Q3 | bmnm |
Repurchase Agreement Amount At Risk
RepurchaseAgreementAmountAtRisk
|
6500000 | USD |
CY2012Q3 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
901000 | USD |
us-gaap |
Depreciation
Depreciation
|
89000 | USD | |
CY2012Q3 | us-gaap |
Depreciation
Depreciation
|
30000 | USD |
CY2011Q3 | us-gaap |
Depreciation
Depreciation
|
29000 | USD |
CY2011Q4 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
811000 | USD |
us-gaap |
Depreciation
Depreciation
|
90000 | USD | |
bmnm |
Schedule Of Mortgage Backed Securities By Contractual Maturity
ScheduleOfMortgageBackedSecuritiesByContractualMaturity
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial Narrow;font-size:11pt;margin-left:18px;">The following table summarizes the Company's MBS portfolio as of </font><font style="font-family:Arial Narrow;font-size:11pt;">September 30, 2012</font><font style="font-family:Arial Narrow;font-size:11pt;"> and </font><font style="font-family:Arial Narrow;font-size:11pt;">December 31, </font><font style="font-family:Arial Narrow;font-size:11pt;">2011</font><font style="font-family:Arial Narrow;font-size:11pt;">, according to their contractual maturities. Actual maturities of MBS investments are generally shorter than stated contractual maturities and are affected by the contractual lives of the underlying mortgages, periodic payments of principal, and prepayments of principal.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 480px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:480px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">(in thousands)</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 110px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:110px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 110px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:110px;"> </td></tr><tr style="height: 17px"><td style="width: 480px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:480px;"> </td><td colspan="2" style="width: 120px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:120px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">September 30, 2012</font></td><td colspan="2" style="width: 120px; border-top-style:solid;border-top-width:2px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:120px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">December 31, 2011</font></td></tr><tr style="height: 17px"><td style="width: 480px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">Less than one year </font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 110px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:110px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 110px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:110px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 102</font></td></tr><tr style="height: 17px"><td style="width: 480px; text-align:left;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">Greater than one year and less than five years </font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 110px; text-align:right;border-color:#000000;min-width:110px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 168</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 110px; text-align:right;border-color:#000000;min-width:110px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 263</font></td></tr><tr style="height: 17px"><td style="width: 480px; text-align:left;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">Greater than five years and less than ten years </font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 110px; text-align:right;border-color:#000000;min-width:110px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 11,252</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 110px; text-align:right;border-color:#000000;min-width:110px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 8,507</font></td></tr><tr style="height: 17px"><td style="width: 480px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">Greater than or equal to ten years</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 110px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:110px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 114,319</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 110px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:110px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 82,270</font></td></tr><tr style="height: 18px"><td style="width: 480px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:480px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">Totals</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 110px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:110px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 125,739</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 110px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:110px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 91,142</font></td></tr></table></div> | ||
CY2012Q3 | bmnm |
Mortgage Backed Securities Within One Year Fair Value
MortgageBackedSecuritiesWithinOneYearFairValue
|
0 | USD |
CY2012Q3 | bmnm |
Mortgage Backed Securities After One Through Five Years Fair Value
MortgageBackedSecuritiesAfterOneThroughFiveYearsFairValue
|
168000 | USD |
CY2012Q3 | bmnm |
Mortgage Backed Securities After Five Through Ten Years Fair Value
MortgageBackedSecuritiesAfterFiveThroughTenYearsFairValue
|
11252000 | USD |
CY2012Q3 | bmnm |
Mortgage Backed Securities After Ten Years Fair Value
MortgageBackedSecuritiesAfterTenYearsFairValue
|
114319000 | USD |
CY2011Q4 | bmnm |
Mortgage Backed Securities After Five Through Ten Years Fair Value
MortgageBackedSecuritiesAfterFiveThroughTenYearsFairValue
|
8507000 | USD |
CY2011Q4 | bmnm |
Mortgage Backed Securities After Ten Years Fair Value
MortgageBackedSecuritiesAfterTenYearsFairValue
|
82270000 | USD |
CY2011Q4 | bmnm |
Mortgage Backed Securities Within One Year Fair Value
MortgageBackedSecuritiesWithinOneYearFairValue
|
102000 | USD |
CY2011Q4 | bmnm |
Mortgage Backed Securities After One Through Five Years Fair Value
MortgageBackedSecuritiesAfterOneThroughFiveYearsFairValue
|
263000 | USD |
us-gaap |
Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial Narrow;font-size:11pt;margin-left:18px;">As of</font><font style="font-family:Arial Narrow;font-size:11pt;"> </font><font style="font-family:Arial Narrow;font-size:11pt;">September 30, 2012</font><font style="font-family:Arial Narrow;font-size:11pt;"> </font><font style="font-family:Arial Narrow;font-size:11pt;">and </font><font style="font-family:Arial Narrow;font-size:11pt;">December 31, </font><font style="font-family:Arial Narrow;font-size:11pt;">2011</font><font style="font-family:Arial Narrow;font-size:11pt;">, Bimini Capital's repurchase agreements had remaining maturities as summarized below:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="2" style="width: 295px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">(in thousands)</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:280px;"> </td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">OVERNIGHT</font></td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">BETWEEN 2</font></td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">BETWEEN 31</font></td><td style="width: 10px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">GREATER </font></td><td style="width: 10px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; text-align:left;border-color:#000000;min-width:280px;"> </td><td colspan="2" style="width: 84px; text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(1 DAY OR</font></td><td colspan="2" style="width: 84px; text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">AND</font></td><td colspan="2" style="width: 84px; text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">AND</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:center;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">THAN</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:280px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">LESS)</font></td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">30 DAYS</font></td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">90 DAYS</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">90 DAYS</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">TOTAL</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">September 30, 2012</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fair value of securities pledged, including accrued</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; text-align:left;border-color:#000000;min-width:280px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">interest receivable</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 113,649</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 113,649</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Repurchase agreement liabilities associated with</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; text-align:left;border-color:#000000;min-width:280px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">these securities</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 107,121</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 107,121</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net weighted average borrowing rate</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">- </font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.43%</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">- </font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">- </font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">0.43%</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">December 31, 2011</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fair value of securities pledged, including accrued</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; text-align:left;border-color:#000000;min-width:280px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">interest receivable</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 73,305</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 73,305</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Repurchase agreement liabilities associated with</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; text-align:left;border-color:#000000;min-width:280px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">these securities</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 69,528</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 69,528</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net weighted average borrowing rate</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">- </font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.43%</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">- </font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">- </font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">0.43%</font></td></tr></table></div> | ||
CY2012Q3 | bmnm |
Collateral Held On Repurchase Agreements
CollateralHeldOnRepurchaseAgreements
|
113649000 | USD |
CY2011Q4 | bmnm |
Collateral Held On Repurchase Agreements
CollateralHeldOnRepurchaseAgreements
|
73305000 | USD |
CY2011Q4 | bmnm |
Repurchase Agreements Weighted Average Borrowing Rates
RepurchaseAgreementsWeightedAverageBorrowingRates
|
0.0043 | |
CY2012Q3 | bmnm |
Repurchase Agreements Weighted Average Borrowing Rates
RepurchaseAgreementsWeightedAverageBorrowingRates
|
0.0043 | |
CY2012Q3 | bmnm |
Repurchase Agreement Counterparty Risk As Percentage Of Stockholders Equity
RepurchaseAgreementCounterpartyRiskAsPercentageOfStockholdersEquity
|
0.1 | |
bmnm |
Description Of Mf Global Exposure
DescriptionOfMfGlobalExposure
|
On October 31, 2011, MF Global Holding Ltd. (“MF”) filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. As of September 30, 2011, a subsidiary of MF, MF Global, Inc. was the Company’s largest repurchase agreement funding provider and the Company had approximately $2.3 million at risk under such agreements. As of December 31, 2011 and September 30, 2012, the Company had no outstanding funding arrangements in place with MF under repurchase agreements. All repurchase agreements in place at September 30, 2011, have been terminated and all pledged assets have been returned. As of November 2, 2012, one reverse-repurchase agreement with MF has yet to be fully unwound and the Company has not received funds which are owed by MF to the Company in the amount of approximately $343,000. During 2011, the Company established a reserve of $300,000 against this balance, which still exists at September 30, 2012. The Company believes it is entitled to these funds; however, given the fact that MF is in bankruptcy, it is not known if or when the funds will be received. | ||
CY2011Q3 | bmnm |
Amount At Risk Mf Global
AmountAtRiskMfGlobal
|
2300000 | USD |
CY2012Q4 | bmnm |
Repurchase Agreement Reverse Repurchase Agreement Balance Outstanding
RepurchaseAgreementReverseRepurchaseAgreementBalanceOutstanding
|
343000 | USD |
CY2011Q4 | bmnm |
Repurchase Agreement Counterparty Reserve Eatablished
RepurchaseAgreementCounterpartyReserveEatablished
|
300000 | USD |
CY2011Q4 | bmnm |
Repurchase Agreement Counterparty Repurchase Agreement Balance
RepurchaseAgreementCounterpartyRepurchaseAgreementBalance
|
0 | USD |
CY2012Q3 | bmnm |
Repurchase Agreement Counterparty Repurchase Agreement Balance
RepurchaseAgreementCounterpartyRepurchaseAgreementBalance
|
0 | USD |
CY2012Q3 | us-gaap |
Margin Deposit Assets
MarginDepositAssets
|
264969 | USD |
CY2011Q4 | us-gaap |
Margin Deposit Assets
MarginDepositAssets
|
285000 | USD |
CY2011 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Type
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsType
|
Eurodollar Futures Contract | |
CY2011 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Risk
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsRisk
|
Interest Rate Risk | |
us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Risk
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsRisk
|
Interest Rate Risk | ||
us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Type
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsType
|
Eurodollar Futures Contract | ||
bmnm |
Trust Preferred Securities Textblock
TrustPreferredSecuritiesTextblock
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial Narrow;font-size:11pt;font-weight:bold;margin-left:0px;">NOTE 6</font><font style="font-family:Arial Narrow;font-size:11pt;font-weight:bold;">. TRUST PREFERRED SECURITIES</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial Narrow;font-size:11pt;margin-left:18px;">During 2005, </font><font style="font-family:Arial Narrow;font-size:11pt;">Bimini Capital sponsored </font><font style="font-family:Arial Narrow;font-size:11pt;">the formation of a </font><font style="font-family:Arial Narrow;font-size:11pt;">statutory trust, known as Bimini Capital Trust II (“BCTII”) of which 100% of the common eq</font><font style="font-family:Arial Narrow;font-size:11pt;">uity is owned by Bimini Capital. It was</font><font style="font-family:Arial Narrow;font-size:11pt;"> formed for the purpose of issuing trust preferred capital securities to third-party investors and investing the proceeds from the sale of such capital securities solely in junior subordinated debt securities of Bimini Capital. The debt securities held by </font><font style="font-family:Arial Narrow;font-size:11pt;">BCTII</font><font style="font-family:Arial Narrow;font-size:11pt;"> are the sole assets of </font><font style="font-family:Arial Narrow;font-size:11pt;">BCTII</font><font style="font-family:Arial Narrow;font-size:11pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial Narrow;font-size:11pt;margin-left:18px;">As of </font><font style="font-family:Arial Narrow;font-size:11pt;">September 30, 2012</font><font style="font-family:Arial Narrow;font-size:11pt;"> and </font><font style="font-family:Arial Narrow;font-size:11pt;">December 31, 2011</font><font style="font-family:Arial Narrow;font-size:11pt;">,</font><font style="font-family:Arial Narrow;font-size:11pt;"> the outstanding principal balance on the junior subordinated debt securities owed to BCTII </font><font style="font-family:Arial Narrow;font-size:11pt;">was</font><font style="font-family:Arial Narrow;font-size:11pt;"> $26.8 million. The BCTII trust preferred securities and Bimini Capital's BCTI</font><font style="font-family:Arial Narrow;font-size:11pt;">I Junior Subordinated Notes have</font><font style="font-family:Arial Narrow;font-size:11pt;"> a rate of interest that floats at a spread of 3.50% over the prevailing three-month LIBOR rate. </font><font style="font-family:Arial Narrow;font-size:11pt;">As of </font><font style="font-family:Arial Narrow;font-size:11pt;">September 30, 2012</font><font style="font-family:Arial Narrow;font-size:11pt;">, the interest rate was </font><font style="font-family:Arial Narrow;font-size:11pt;">3.89%.</font><font style="font-family:Arial Narrow;font-size:11pt;"> The BCTII trust preferred securities and Bimini Capital's BCTII Junior Subordinated Notes require quarterly interest distributions and are redeemable at Bimini Capital's option, in whole or in part and without penalty, beginning December 15, 2010. Bimini Capital's BCTII Junior Subordinated Notes are subordinate and junior in right of payment of all present and future senior indebtedness. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial Narrow;font-size:11pt;margin-left:18px;">The trust is a variable interest entity pursuant to FASB ASC Topic 810 because the holders of the equity investment at risk do not have adequate decision making ability over the trust's activities. Since Bimini Capital's investment in the trust's common equity securities was financed directly by the applicable trust as a result of its loan of the proceeds to Bimini Capital, that investment is not considered to be an equity investment at risk. Since Bimini Capital's common share investments in BCTII are not a variable interest, Bimini Capital is not the primary beneficiary of </font><font style="font-family:Arial Narrow;font-size:11pt;">BCTII</font><font style="font-family:Arial Narrow;font-size:11pt;">. Therefore, Bimini Capital has not consolidated the financial statements of BCTII into its financial statements.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial Narrow;font-size:11pt;margin-left:18px;">The accompanying consolidated financial statements present Bimini Capital's BCTII Junior Subordinated Notes issued to the trust as a liability and Bimini Capital's investment in the common equity securities of BCTII as an asset</font><font style="font-family:Arial Narrow;font-size:11pt;"> (in</font><font style="font-family:Arial Narrow;font-size:11pt;">cluded in</font><font style="font-family:Arial Narrow;font-size:11pt;"> prepaid expenses and other assets, net)</font><font style="font-family:Arial Narrow;font-size:11pt;">. </font><font style="font-family:Arial Narrow;font-size:11pt;"> </font><font style="font-family:Arial Narrow;font-size:11pt;">For financial statement purposes, Bimini Capital records payments of interest on the Junior Subordinated Notes issued to BCTII as interest expense.</font></p> | ||
CY2012Q3 | us-gaap |
Debt Instrument Basis Spread On Variable Rate
DebtInstrumentBasisSpreadOnVariableRate
|
0.0350 | |
CY2012Q3 | us-gaap |
Debt Instrument Interest Rate At Period End
DebtInstrumentInterestRateAtPeriodEnd
|
0.0389 | |
bmnm |
Phantom Share Award Desciption
PhantomShareAwardDesciption
|
Phantom share awards represent a right to receive a share of Bimini's Class A Common Stock. These awards do not have an exercise price and are valued at the fair value of Bimini Capital’s Class A Common Stock at the date of the grant. The grant date value is amortized to compensation expense on a straight-line basis over the vesting period of the respective award.  The phantom shares vest, based on the employees’ continuing employment, following a schedule as provided in the individual grant agreements | ||
CY2012Q3 | bmnm |
Latest Vesting Date
LatestVestingDate
|
3/15/2015 | |
bmnm |
Phantom Share Expense
PhantomShareExpense
|
63000 | USD | |
CY2012Q3 | bmnm |
Phantom Share Expense
PhantomShareExpense
|
21000 | USD |
CY2011Q3 | bmnm |
Phantom Share Expense
PhantomShareExpense
|
22000 | USD |
bmnm |
Phantom Share Expense
PhantomShareExpense
|
70000 | USD | |
CY2012Q3 | bmnm |
Phantom Share Compensation Not Yet Recognized
PhantomShareCompensationNotYetRecognized
|
178000 | USD |
CY2012Q3 | bmnm |
Intrinsic Value
IntrinsicValue
|
70000 | USD |
CY2011Q4 | bmnm |
Intrinsic Value
IntrinsicValue
|
136000 | USD |
CY2012Q3 | bmnm |
Remaining Weighted Average Vesting Period
RemainingWeightedAverageVestingPeriod
|
26.9 | number |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
0 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
0 | shares | |
CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
1.11 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
0 | ||
CY2012Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
1.11 | |
CY2011Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
1.11 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
0 | shares | |
CY2010Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
1.12 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
0 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
-13000 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
0.97 | ||
CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
367844 | shares |
CY2010Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
401000 | shares |
CY2012Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
367844 | shares |
CY2011Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
367844 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
-20156 | shares | |
bmnm |
Sharebasedcompensationarrangementbysharebasedpaymentawardequityinstrumentsotherthanoptionsforfeituresweightedaveragegrantdatefairvalue
Sharebasedcompensationarrangementbysharebasedpaymentawardequityinstrumentsotherthanoptionsforfeituresweightedaveragegrantdatefairvalue
|
-1.37 | ||
us-gaap |
Loss Contingency Lawsuit Filing Date
LossContingencyLawsuitFilingDate
|
July 16, 2010 | ||
us-gaap |
Loss Contingency Name Of Defendant
LossContingencyNameOfDefendant
|
Bimini Capital Management, Inc. | ||
us-gaap |
Loss Contingency Domicile Of Litigation
LossContingencyDomicileOfLitigation
|
Supreme Court of the State of New York, New York County | ||
bmnm |
Tabular Disclosure Of Liability For Loan Repurchase Demands
TabularDisclosureOfLiabilityForLoanRepurchaseDemands
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial Narrow;font-size:11pt;font-weight:bold;margin-left:0px;">Loans Sold to Investors</font><font style="font-family:Arial Narrow;font-size:11pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial Narrow;font-size:11pt;margin-left:18px;">Generally, </font><font style="font-family:Arial Narrow;font-size:11pt;">MortCo</font><font style="font-family:Arial Narrow;font-size:11pt;"> was not exposed to significant credit risk on its loans sold to investors. In the </font><font style="font-family:Arial Narrow;font-size:11pt;">normal course of business, </font><font style="font-family:Arial Narrow;font-size:11pt;">MortCo</font><font style="font-family:Arial Narrow;font-size:11pt;"> provided certain representations and warranties during the sale of mortgage loans which obligated it to repurchase loans which are subsequently unable to be sold through the normal investor channels. The repurchased loans were secured by the related real estate properties, and can usually be sold directly to other permanent investors. There can be n</font><font style="font-family:Arial Narrow;font-size:11pt;">o assurance, however, that </font><font style="font-family:Arial Narrow;font-size:11pt;">MortCo</font><font style="font-family:Arial Narrow;font-size:11pt;"> will be able to recover the repurchased loan value either through other investor channels or through the assumption of the secured real estate.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial Narrow;font-size:11pt;margin-left:18px;">MortCo</font><font style="font-family:Arial Narrow;font-size:11pt;"> </font><font style="font-family:Arial Narrow;font-size:11pt;">has </font><font style="font-family:Arial Narrow;font-size:11pt;">recognized a liability</font><font style="font-family:Arial Narrow;font-size:11pt;">, which is included in “A</font><font style="font-family:Arial Narrow;font-size:11pt;">ccounts payable, accrued expenses and other” in the accompanying consolidated balance sheet</font><font style="font-family:Arial Narrow;font-size:11pt;">s</font><font style="font-family:Arial Narrow;font-size:11pt;">,</font><font style="font-family:Arial Narrow;font-size:11pt;"> for the estimated fair value of this obligation. </font><font style="font-family:Arial Narrow;font-size:11pt;">Changes in this liability for the </font><font style="font-family:Arial Narrow;font-size:11pt;">nine months </font><font style="font-family:Arial Narrow;font-size:11pt;">ended September 30, 2012 and 2011</font><font style="font-family:Arial Narrow;font-size:11pt;"> are presented in the table below:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 500px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:500px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">(in thousands)</font></td><td style="width: 19px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:89px;"> </td><td style="width: 19px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:19px;"> </td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:89px;"> </td></tr><tr style="height: 17px"><td style="width: 500px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:500px;"> </td><td colspan="4" style="width: 216px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:216px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Nine Months Ended September 30,</font></td></tr><tr style="height: 17px"><td style="width: 500px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:500px;"> </td><td style="width: 19px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:19px;"> </td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 19px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:19px;"> </td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2011</font></td></tr><tr style="height: 17px"><td style="width: 500px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:500px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">Balance - Beginning of period</font></td><td style="width: 19px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:19px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 89px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 5,087</font></td><td style="width: 19px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:19px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 89px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 5,087</font></td></tr><tr style="height: 17px"><td style="width: 500px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:500px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">Settlements</font></td><td style="width: 19px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:19px;"> </td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> (175)</font></td><td style="width: 19px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:19px;"> </td><td style="width: 89px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td></tr><tr style="height: 17px"><td style="width: 500px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:500px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">Balance - End of period</font></td><td style="width: 19px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:19px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 4,912</font></td><td style="width: 19px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:19px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 5,087</font></td></tr></table></div> | ||
CY2011Q4 | bmnm |
Loan Repurchase Demand Liability
LoanRepurchaseDemandLiability
|
5087000 | USD |
bmnm |
Settlements
Settlements
|
-175000 | USD | |
CY2012Q3 | bmnm |
Loan Repurchase Demand Liability
LoanRepurchaseDemandLiability
|
4912000 | USD |
bmnm |
Settlements
Settlements
|
0 | USD | |
CY2011Q3 | bmnm |
Loan Repurchase Demand Liability
LoanRepurchaseDemandLiability
|
5087000 | USD |
CY2010Q4 | bmnm |
Loan Repurchase Demand Liability
LoanRepurchaseDemandLiability
|
5087000 | USD |
CY2011 | bmnm |
Reit Capital Loss Carryforwards Expiring Year
ReitCapitalLossCarryforwardsExpiringYear
|
2012 | |
CY2011 | bmnm |
Reit Operating Loss Carryover Expiration
ReitOperatingLossCarryoverExpiration
|
2028 through 2031 | |
CY2011Q4 | bmnm |
Reit Capital Loss Carryforwards
ReitCapitalLossCarryforwards
|
52100000 | USD |
CY2011Q4 | bmnm |
Reit Operating Loss Carryforward
ReitOperatingLossCarryforward
|
10700000 | USD |
us-gaap |
Related Party Transaction Description Of Transaction
RelatedPartyTransactionDescriptionOfTransaction
|
Frank E. Jaumot is a shareholder in an accounting firm from which the Company receives accounting and tax services. Mr. Jaumot is both a director and a shareholder of Bimini Capital. |