$BMNM
Bimini Capital Management Inc Stock $bmnm

$bmnm Overview Financials Valuation SEC Filings Company Website

2012 Q4 Form 10-K Financial Statement

#000127547713000016 Filed on March 20, 2013

Income Statement

Concept	2012 Q4	2012	2011 Q4
Revenue	-$200.0K	$4.239M	-$90.00K
YoY Change	122.22%	-16.67%	-104.41%
Cost Of Revenue	$410.0K	$1.500M	$320.0K
YoY Change	28.13%	15.38%	-42.86%
Gross Profit	-$610.0K	$4.000M	-$410.0K
YoY Change	48.78%	-20.0%	-127.7%
Gross Profit Margin		94.37%
Selling, General & Admin	$1.170M	$6.076M	$1.860M
YoY Change	-37.1%	-20.22%	-19.83%
% of Gross Profit		151.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$0.00	$119.7K	$0.00
YoY Change		0.4%
% of Gross Profit		2.99%
Operating Expenses	$1.300M	$6.076M	$1.990M
YoY Change	-34.67%	-20.22%	-19.43%
Operating Profit	-$1.910M	-$2.076M	-$2.400M
YoY Change	-20.42%	-20.65%	142.42%
Interest Expense		$436.1K
YoY Change		61.05%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$1.920M	-$2.030M	-$2.410M
YoY Change	-20.33%	-22.6%	143.43%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$1.916M	-$2.030M	-$2.407M
YoY Change	-20.4%	-22.6%	143.13%
Net Earnings / Revenue		-47.88%
Basic Earnings Per Share
Diluted Earnings Per Share	-$191.2K	-$194.2K	-$250.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept	2012 Q4	2012	2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$6.600M	$6.600M	$4.300M
YoY Change	53.49%	53.49%	53.57%
Cash & Equivalents	$5.367M	$6.600M	$4.301M
Short-Term Investments
Other Short-Term Assets	$3.900M	$300.0K	$5.100M
YoY Change	-23.53%	-25.0%	-22.73%
Inventory		$0.00	$0.00
Prepaid Expenses
Receivables	$700.0K	$700.0K	$900.0K
Other Receivables	$0.00	$2.100M	$0.00
Total Short-Term Assets	$11.20M	$9.700M	$10.30M
YoY Change	8.74%	16.87%	-0.96%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.774M	$3.800M	$3.884M
YoY Change	-2.83%	-2.56%	-0.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$804.0K	$169.5M	$91.10M
YoY Change	-99.12%	82.26%	-32.57%
Other Assets	$800.0K	$800.0K	$400.0K
YoY Change	100.0%	100.0%	-88.57%
Total Long-Term Assets	$176.2M	$177.7M	$98.95M
YoY Change	78.01%	75.94%	-32.5%
TOTAL ASSETS
Total Short-Term Assets	$11.20M	$9.700M	$10.30M
Total Long-Term Assets	$176.2M	$177.7M	$98.95M
Total Assets	$187.4M	$187.4M	$109.3M
YoY Change	71.48%	71.45%	-30.41%
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	$150.3M	$150.3M	$69.50M
YoY Change	116.26%	116.26%	-38.82%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$150.4M	$150.4M	$69.60M
YoY Change	116.09%	116.09%	-38.79%
LONG-TERM LIABILITIES
Long-Term Debt	$26.80M	$26.80M	$26.80M
YoY Change	0.0%	0.0%	0.0%
Other Long-Term Liabilities	$6.600M	$6.600M	$7.500M
YoY Change	-12.0%	-12.0%	-7.41%
Total Long-Term Liabilities	$33.40M	$33.40M	$34.30M
YoY Change	-2.62%	-2.62%	-1.72%
TOTAL LIABILITIES
Total Short-Term Liabilities	$150.4M	$150.4M	$69.60M
Total Long-Term Liabilities	$33.40M	$33.40M	$34.30M
Total Liabilities	$183.8M	$183.8M	$103.9M
YoY Change	76.96%	76.9%	-30.1%
SHAREHOLDERS EQUITY
Retained Earnings	-$330.7M		-$328.7M
YoY Change	0.62%		0.8%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$3.517M	$3.500M	$5.367M
YoY Change
Total Liabilities & Shareholders Equity	$187.4M	$187.4M	$109.3M
YoY Change	71.48%	71.45%	-30.41%

Cashflow Statement

Concept	2012 Q4	2012	2011 Q4
OPERATING ACTIVITIES
Net Income	-$1.916M	-$2.030M	-$2.407M
YoY Change	-20.4%	-22.6%	143.13%
Depreciation, Depletion And Amortization	$0.00	$119.7K	$0.00
YoY Change		0.4%
Cash From Operating Activities	-$900.0K	-$3.226M	-$400.0K
YoY Change	125.0%	-9.96%	-63.64%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$9.924K	$0.00
YoY Change		-90.86%
Acquisitions
YoY Change
Other Investing Activities	-$42.90M	-$75.20M	-$1.400M
YoY Change	2964.29%	-250.7%	-70.21%
Cash From Investing Activities	-$42.90M	-$75.20M	-$1.400M
YoY Change	2964.29%	-251.0%	-70.21%
FINANCING ACTIVITIES
Cash Dividend Paid		$0.00
YoY Change		-100.0%
Common Stock Issuance & Retirement, Net		$0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	43.20M	80.80M	2.200M
YoY Change	1863.64%	-280.76%	-59.26%
NET CHANGE
Cash From Operating Activities	-900.0K	-$3.226M	-400.0K
Cash From Investing Activities	-42.90M	-75.20M	-1.400M
Cash From Financing Activities	43.20M	80.80M	2.200M
Net Change In Cash	-600.0K	-$3.226M	400.0K
YoY Change	-250.0%	-9.96%	-200.0%
FREE CASH FLOW
Cash From Operating Activities	-$900.0K	-$3.226M	-$400.0K
Capital Expenditures	$0.00	$9.924K	$0.00
Free Cash Flow	-$900.0K	-$3.235M	-$400.0K
YoY Change	125.0%	-12.34%	-63.64%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2012Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	840500	USD
CY2012Q4	us-gaap	Interest Receivable InterestReceivable	718895	USD
CY2012Q4	us-gaap	Junior Subordinated Notes JuniorSubordinatedNotes	26804440	USD
CY2012Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	123446	USD
CY2012Q4	us-gaap	Other Liabilities OtherLiabilities	6614119	USD
CY2012Q4	us-gaap	Liabilities Liabilities	183836179	USD
CY2012Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-330748341	USD
CY2011Q4	us-gaap	Interest Receivable InterestReceivable	901385	USD
CY2012Q4	bmnm	Mortgage Backed Securities At Fair Value Pledged As Collateral MortgageBackedSecuritiesAtFairValuePledgedAsCollateral	158396450	USD
CY2011Q4	bmnm	Mortgage Backed Securities At Fair Value Pledged As Collateral MortgageBackedSecuritiesAtFairValuePledgedAsCollateral	73064201	USD
CY2012Q4	bmnm	Mortgage Backed Securities At Fair Value Unpledged MortgageBackedSecuritiesAtFairValueUnpledged	9758557	USD
CY2011Q4	bmnm	Mortgage Backed Securities At Fair Value Unpledged MortgageBackedSecuritiesAtFairValueUnpledged	18078052	USD
CY2012Q4	bmnm	Mortgage Backed Securities At Fair Value MortgageBackedSecuritiesAtFairValue	168155007	USD
CY2012	dei	Trading Symbol TradingSymbol	BMNM
CY2012Q2	dei	Entity Public Float EntityPublicFloat	2000000	USD
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	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	5113346	USD
CY2011Q4	us-gaap	Assets Assets	109254296	USD
CY2011Q4	us-gaap	Junior Subordinated Notes JuniorSubordinatedNotes	26804440	USD
CY2011Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	71829	USD
CY2011Q4	us-gaap	Liabilities Liabilities	103887728	USD
CY2011Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	334075197	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
CY2012Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	187352951	USD
CY2011Q4	bmnm	Mortgage Backed Securities At Fair Value MortgageBackedSecuritiesAtFairValue	91142253	USD
CY2012Q4	bmnm	Retained Interests In Securitizations RetainedInterestsInSecuritizations	3336009	USD
CY2012Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3774310	USD
CY2012Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	3935669	USD
CY2012Q4	us-gaap	Assets Assets	187352951	USD
CY2012Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4300785	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6592561	USD
CY2012Q4	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	150294174	USD
CY2012	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	4238718	USD
CY2012	us-gaap	Interest Expense InterestExpense	436098	USD
CY2012	bmnm	Other Income Expense OtherIncomeExpense	36733	USD
CY2011Q4	us-gaap	Other Liabilities OtherLiabilities	7483459	USD
CY2012	us-gaap	Gain Loss On Derivative Instruments Held For Trading Purposes Net GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet	-765719	USD
CY2011Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2011	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	119189	USD
CY2012Q4	us-gaap	Stockholders Equity StockholdersEquity	3516772	USD
CY2011Q4	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	69528000	USD
CY2011	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-48581	USD
CY2011	bmnm	Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading	25352292	USD
CY2011	us-gaap	Proceeds From Collection Of Retained Interest In Securitized Receivables ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables	3622150	USD
CY2011	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-2622193	USD
CY2012	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	179765	USD
CY2011	bmnm	Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Trading ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading	95371167	USD
CY2011	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-3128885	USD
CY2011	bmnm	Proceeds From Securities Sold Under Agreements To Repurchase ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase	488153453	USD
CY2011	us-gaap	Professional Fees ProfessionalFees	3230130	USD
CY2011	bmnm	Losses Gains On Retained Interests In Securitizations LossesGainsOnRetainedInterestsInSecuritizations	3189844	USD
CY2012	bmnm	Losses Gains On Retained Interests In Securitizations LossesGainsOnRetainedInterestsInSecuritizations	4323329	USD
CY2012	bmnm	Directors Fees And Liability Insurance DirectorsFeesAndLiabilityInsurance	527934	USD
CY2012	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Type DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsType	Eurodollar Futures Contract
CY2012	bmnm	Other Income Expense Net OtherIncomeExpenseNet	4360062	USD
CY2012	us-gaap	Labor And Related Expense LaborAndRelatedExpense	1475897	USD
CY2012	us-gaap	Professional Fees ProfessionalFees	2776842	USD
CY2012	bmnm	Direct Reit Operating Expenses DirectReitOperatingExpenses	546666	USD
CY2012	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	748960	USD
CY2012	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-2029561	USD
CY2012	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2011	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2011	us-gaap	Interest Expense InterestExpense	270787	USD
CY2011	bmnm	Other Income Expense OtherIncomeExpense	-64469	USD
CY2011	bmnm	Direct Reit Operating Expenses DirectReitOperatingExpenses	541758	USD
CY2011	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	5086441	USD
CY2011	bmnm	Other Income Expense Net OtherIncomeExpenseNet	3125375	USD
CY2011	bmnm	Directors Fees And Liability Insurance DirectorsFeesAndLiabilityInsurance	587443	USD
CY2011	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	1743508	USD
CY2011	us-gaap	Labor And Related Expense LaborAndRelatedExpense	1513729	USD
CY2012	bmnm	Unrealized Gains On Investments UnrealizedGainsOnInvestments	-2055132	USD
CY2012	bmnm	Realized Gains On Investments RealizedGainsOnInvestments	-245690	USD
CY2011	bmnm	Unrealized Gains On Investments UnrealizedGainsOnInvestments	-1786589	USD
CY2011	us-gaap	Gain Loss On Derivative Instruments Held For Trading Purposes Net GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet	-1093612	USD
CY2011	bmnm	Realized Gains On Investments RealizedGainsOnInvestments	941150	USD
CY2012	bmnm	Net Interest Income Before Interest Expense Junior Subordinated Debentures NetInterestIncomeBeforeInterestExpenseJuniorSubordinatedDebentures	3802620	USD
CY2011	bmnm	Net Interest Income Before Interest Expense Junior Subordinated Debentures NetInterestIncomeBeforeInterestExpenseJuniorSubordinatedDebentures	4815654	USD
CY2012	us-gaap	Interest Expense Junior Subordinated Debentures InterestExpenseJuniorSubordinatedDebentures	1049403	USD
CY2012	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	2753217	USD
CY2012	bmnm	Net Portfolio Income NetPortfolioIncome	-313324	USD
CY2011	bmnm	Net Portfolio Income NetPortfolioIncome	1869000	USD
CY2011	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	3808051	USD
CY2011	us-gaap	Interest Expense Junior Subordinated Debentures InterestExpenseJuniorSubordinatedDebentures	1007603	USD
CY2011	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	7616568	USD
CY2012	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	6076299	USD
CY2012	us-gaap	Profit Loss ProfitLoss	-2029561	USD
CY2011	us-gaap	Profit Loss ProfitLoss	-2622193	USD
CY2012	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	0	USD
CY2012	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	92418	USD
CY2012	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	0	USD
CY2012	bmnm	Amortization Of Equity Awards AmortizationOfEquityAwards	87347	USD
CY2010Q4	us-gaap	Stockholders Equity StockholdersEquity	8372326	USD
CY2011	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	-669077	USD
CY2011	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	194951	USD
CY2011	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	-596	USD
CY2011	bmnm	Amortization Of Equity Awards AmortizationOfEquityAwards	91157	USD
CY2012	us-gaap	Interest Paid InterestPaid	1433884	USD
CY2011	us-gaap	Interest Paid InterestPaid	1326971	USD
CY2012	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	423500	USD
CY2012	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-869340	USD
CY2012	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-182490	USD
CY2012	bmnm	Proceeds From Securities Sold Under Agreements To Repurchase ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase	958011865	USD
CY2012	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	51617	USD
CY2012	bmnm	Payments For Securities Sold Under Agreements To Repurchase PaymentsForSecuritiesSoldUnderAgreementsToRepurchase	877245691	USD
CY2012	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	119670	USD
CY2012	bmnm	Payments To Acquire Mortgage Backed Securities Mbs Categorized As Trading PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading	283121938	USD
CY2012	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-75248874	USD
CY2012	bmnm	Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading	18740736	USD
CY2012	us-gaap	Proceeds From Repurchase Of Equity ProceedsFromRepurchaseOfEquity	0	USD
CY2012	us-gaap	Proceeds From Collection Of Retained Interest In Securitized Receivables ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables	4482791	USD
CY2012	bmnm	Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Trading ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading	185082961	USD
CY2012	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-1162342	USD
CY2012	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-3225524	USD
CY2012	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	9924	USD
CY2012	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	80766174	USD
CY2012	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	2291776	USD
CY2011	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	286108	USD
CY2011	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-618603	USD
CY2011	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-1497983	USD
CY2011	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-3582310	USD
CY2011	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-148192	USD
CY2011	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	49785869	USD
CY2011	bmnm	Payments To Acquire Mortgage Backed Securities Mbs Categorized As Trading PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading	77580097	USD
CY2011	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	108528	USD
CY2011	us-gaap	Proceeds From Repurchase Of Equity ProceedsFromRepurchaseOfEquity	-596	USD
CY2011	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	1470201	USD
CY2010Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2830584	USD
CY2011	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-44733358	USD
CY2011	bmnm	Payments For Securities Sold Under Agreements To Repurchase PaymentsForSecuritiesSoldUnderAgreementsToRepurchase	532217138	USD
CY2012	us-gaap	Payments Of Dividends PaymentsOfDividends	0	USD
CY2011	us-gaap	Payments Of Dividends PaymentsOfDividends	669077	USD
CY2011	us-gaap	Income Taxes Paid IncomeTaxesPaid	17706	USD
CY2012	us-gaap	Gain Loss On Investments Excluding Other Than Temporary Impairments GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments	-2300822	USD
CY2012	us-gaap	Income Taxes Paid IncomeTaxesPaid	40000	USD
CY2011	us-gaap	Gain Loss On Investments Excluding Other Than Temporary Impairments GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments	-845439	USD
CY2012	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>
CY2012	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.
CY2012	us-gaap	Open Tax Year OpenTaxYear	2009
CY2012	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 December 31, 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 the Company’s 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 December 31, 2012 approximated $3.5 million.
CY2012	us-gaap	Reclassifications Reclassifications	<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial Narrow;font-size:11pt;font-weight:bold;margin-left:0px;">Reclassifications</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;">Certain prior year amounts have been reclassified to conform to the current year presentations.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>
CY2012Q4	bmnm	Repurchase Agreement Amount At Risk RepurchaseAgreementAmountAtRisk	9000000	USD
CY2012	bmnm	Cash Flow From Mbs CashFlowFromMbs	23100000	USD
CY2012Q4	bmnm	Mortgage Backed Securities Within One Year Fair Value MortgageBackedSecuritiesWithinOneYearFairValue	0	USD
CY2012Q4	bmnm	Mortgage Backed Securities After One Through Five Years Fair Value MortgageBackedSecuritiesAfterOneThroughFiveYearsFairValue	163000	USD
CY2012Q4	bmnm	Mortgage Backed Securities After Five Through Ten Years Fair Value MortgageBackedSecuritiesAfterFiveThroughTenYearsFairValue	12980000	USD
CY2012Q4	bmnm	Mortgage Backed Securities After Ten Years Fair Value MortgageBackedSecuritiesAfterTenYearsFairValue	155012000	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
CY2012Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	931000	USD
CY2012Q4	bmnm	Property And Equipment Gross PropertyAndEquipmentGross	4705000	USD
CY2012Q4	bmnm	Computer Equipment Software ComputerEquipmentSoftware	383000	USD
CY2012Q4	bmnm	Office Furniture And Equipment OfficeFurnitureAndEquipment	248000	USD
CY2012Q4	bmnm	Buildings And Improvements BuildingsAndImprovements	1827000	USD
CY2012Q4	us-gaap	Land Land	2247000	USD
CY2011Q4	us-gaap	Land Land	2247000	USD
CY2011Q4	bmnm	Computer Equipment Software ComputerEquipmentSoftware	373000	USD
CY2011Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	811000	USD
CY2011Q4	bmnm	Buildings And Improvements BuildingsAndImprovements	1827000	USD
CY2011Q4	bmnm	Property And Equipment Gross PropertyAndEquipmentGross	4695000	USD
CY2011Q4	bmnm	Office Furniture And Equipment OfficeFurnitureAndEquipment	248000	USD
CY2011	us-gaap	Depreciation Depreciation	119000000	USD
CY2012	us-gaap	Depreciation Depreciation	120000000	USD
CY2012Q4	bmnm	Prepaid Expenses PrepaidExpenses	324000	USD
CY2012Q4	bmnm	Surety Bonds SuretyBonds	525000	USD
CY2012Q4	bmnm	Sevicing Advances SevicingAdvances	1310000	USD
CY2012Q4	bmnm	Servicing Sale Receivable ServicingSaleReceivable	793000	USD
CY2012Q4	bmnm	Investment In Bimini Capital Trust Ii InvestmentInBiminiCapitalTrustIi	804000	USD
CY2012Q4	us-gaap	Other Assets OtherAssets	180000	USD
CY2011Q4	bmnm	Prepaid Expenses PrepaidExpenses	367000	USD
CY2011Q4	bmnm	Servicing Sale Receivable ServicingSaleReceivable	969000	USD
CY2011Q4	bmnm	Sevicing Advances SevicingAdvances	1739000	USD
CY2011Q4	us-gaap	Other Assets OtherAssets	193000	USD
CY2011Q4	bmnm	Surety Bonds SuretyBonds	1041000	USD
CY2011Q4	bmnm	Investment In Bimini Capital Trust Ii InvestmentInBiminiCapitalTrustIi	804000	USD
CY2011Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	256000	USD
CY2012Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	256000	USD
CY2012	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;">December 31, 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;">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;">December 31, 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;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 158,765</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</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;"> 158,765</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;"> 150,294</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;"> 150,294</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;">0.49%</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;">0.49%</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>
CY2012Q4	bmnm	Collateral Held On Repurchase Agreements CollateralHeldOnRepurchaseAgreements	158765000	USD
CY2011Q4	bmnm	Collateral Held On Repurchase Agreements CollateralHeldOnRepurchaseAgreements	73305000	USD
CY2011Q4	bmnm	Repurchase Agreements Weighted Average Borrowing Rates RepurchaseAgreementsWeightedAverageBorrowingRates	0.0043
CY2012Q4	bmnm	Repurchase Agreements Weighted Average Borrowing Rates RepurchaseAgreementsWeightedAverageBorrowingRates	0.0049
CY2011Q4	bmnm	Stock Ownership Limit Board Exemption StockOwnershipLimitBoardExemption	0.0980
CY2011Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2011Q4	bmnm	Stock Ownership Limit StockOwnershipLimit	0.0498
CY2012	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 December 31, 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 March 20, 2013, 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 December 31, 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
CY2013Q1	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
CY2012Q4	bmnm	Repurchase Agreement Counterparty Repurchase Agreement Balance RepurchaseAgreementCounterpartyRepurchaseAgreementBalance	0	USD
CY2012Q4	bmnm	Cash Posted As Collateral CashPostedAsCollateral	600000	USD
CY2011Q4	bmnm	Cash Posted As Collateral CashPostedAsCollateral	100000	USD
CY2012Q4	bmnm	Repurchase Agreement Counterparty Reserve Eatablished RepurchaseAgreementCounterpartyReserveEatablished	300000	USD
CY2012Q4	us-gaap	Margin Deposit Assets MarginDepositAssets	227000	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
CY2012	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Risk DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsRisk	Interest Rate Risk
CY2012	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 8</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;">December 31, 2012</font><font style="font-family:Arial Narrow;font-size:11pt;"> and </font><font style="font-family:Arial Narrow;font-size:11pt;">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;">December 31, 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;">3.81%</font><font style="font-family:Arial Narrow;font-size:11pt;">.</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 N</font><font style="font-family:Arial Narrow;font-size:11pt;">otes issued to BCTII as interest expense.</font></p>
CY2012	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.
CY2012	us-gaap	Debt Instrument Issuer DebtInstrumentIssuer	Bimini Capital Trust II
CY2012	us-gaap	Debt Instrument Description Of Variable Rate Basis DebtInstrumentDescriptionOfVariableRateBasis	Three Month LIBOR
CY2012Q4	us-gaap	Debt Instrument Basis Spread On Variable Rate DebtInstrumentBasisSpreadOnVariableRate	0.0350
CY2012Q4	us-gaap	Debt Instrument Interest Rate At Period End DebtInstrumentInterestRateAtPeriodEnd	0.0381
CY2011Q4	bmnm	Maximum Shares Converted MaximumSharesConverted	0.03
CY2011Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2012Q4	bmnm	Maximum Shares Converted MaximumSharesConverted	0.03
CY2012Q4	bmnm	Stock Ownership Limit StockOwnershipLimit	0.0498
CY2012Q4	bmnm	Stock Ownership Limit Board Exemption StockOwnershipLimitBoardExemption	0.0980
CY2012Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000	shares
CY2012Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2011Q4	bmnm	Book Value Required For Conversion BookValueRequiredForConversion	150.00
CY2012Q4	bmnm	Book Value Required For Conversion BookValueRequiredForConversion	150.00
CY2011Q2	bmnm	Declaration Date DeclarationDate	April 12, 2011
CY2011Q3	bmnm	Declaration Date DeclarationDate	July 12, 2011
CY2011Q2	bmnm	Record Date RecordDate	April 15, 2011
CY2011Q3	bmnm	Record Date RecordDate	July 29, 2011
CY2011Q2	bmnm	Payment Date PaymentDate	April 29, 2011
CY2011Q3	bmnm	Payment Date PaymentDate	August 16, 2011
CY2011Q2	bmnm	Dividends Per Share DividendsPerShare	0.0325
CY2011Q3	bmnm	Dividends Per Share DividendsPerShare	0.0325
CY2011Q2	us-gaap	Dividends Dividends	334000	USD
CY2011Q3	us-gaap	Dividends Dividends	335000	USD
CY2012	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
CY2012Q4	bmnm	Latest Vesting Date LatestVestingDate	3/15/2015
CY2012	bmnm	Phantom Share Expense PhantomShareExpense	87000	USD
CY2011	bmnm	Phantom Share Expense PhantomShareExpense	91000	USD
CY2012Q4	bmnm	Phantom Share Compensation Not Yet Recognized PhantomShareCompensationNotYetRecognized	156000	USD
CY2012Q4	bmnm	Intrinsic Value IntrinsicValue	48000	USD
CY2011Q4	bmnm	Intrinsic Value IntrinsicValue	136000	USD
CY2012	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	25000	shares
CY2012	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	-25000	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
CY2012	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	0.11
CY2012	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	0.11
CY2012Q4	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
CY2011	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
CY2011	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
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	-13000	shares
CY2011	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
CY2012Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	367844	shares
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod	-20156	shares
CY2011	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue	-1.37
CY2012	bmnm	Remaining Weighted Average Vesting Period RemainingWeightedAverageVestingPeriod	P24M
CY2012	us-gaap	Description Of Defined Contribution Pension And Other Postretirement Plans DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans	NOTE 11.         SAVINGS INCENTIVE PLAN Bimini Capital’s employees have the option to participate in the Bimini Capital Management, Inc., 401K Plan (the “Plan”). Under the terms of the Plan, eligible employees can make tax-deferred 401(k) contributions, and at Bimini Capital’s sole discretion, Bimini Capital can match the employees’ contributions. For the years ended December 31, 2012 and 2011, Bimini Capital made 401(k) matching contributions of approximately $26,000 and $29,000, respectively.
CY2012Q4	bmnm	Defined Contribution Plan Employer Matching Contribution Amount DefinedContributionPlanEmployerMatchingContributionAmount	26000	USD
CY2011Q4	bmnm	Defined Contribution Plan Employer Matching Contribution Amount DefinedContributionPlanEmployerMatchingContributionAmount	29000	USD
CY2011Q4	bmnm	Loan Repurchase Demand Liability LoanRepurchaseDemandLiability	5087000	USD
CY2012	bmnm	Settlements Settlements	-350000	USD
CY2012Q4	bmnm	Loan Repurchase Demand Liability LoanRepurchaseDemandLiability	4737000	USD
CY2011	bmnm	Settlements Settlements	0	USD
CY2010Q4	bmnm	Loan Repurchase Demand Liability LoanRepurchaseDemandLiability	5087000	USD
CY2012	bmnm	Reit Operating Loss Carryover Expiration ReitOperatingLossCarryoverExpiration	2028 through 2032
CY2012Q4	bmnm	Reit Operating Loss Carryforward ReitOperatingLossCarryforward	13800000	USD
CY2012Q4	bmnm	Offering Proceeds OfferingProceeds	35400000	USD
CY2012	bmnm	Valuation Technique ValuationTechnique	Cash Flow Recognition
CY2012	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.
CY2012Q4	bmnm	Initial Public Offering Closing Date InitialPublicOfferingClosingDate	February 20, 2013
CY2012Q4	bmnm	Shares Issued During Offering SharesIssuedDuringOffering	2360000	shares
CY2012Q4	bmnm	Offering Costs OfferingCosts	200000	USD
CY2012	bmnm	Bimini Ownership BiminiOwnership	0.2938
CY2012	bmnm	Termination Date TerminationDate	February 20, 2016
CY2012	bmnm	Description Of Basis For Management Fee DescriptionOfBasisForManagementFee	Under the terms of the management agreement, Bimini Advisors will be responsible for administering the business activities and day-to-day operations of Orchid. Bimini Advisors will receive a monthly management fee in the amount of: One-twelfth of 1.5% of the first $250 million of Orchid’s equity, as defined in the management agreement, One-twelfth of 1.25% of Orchid’s equity that is greater than $250 million and less than or equal to $500 million, and One-twelfth of 1.00% of Orchid’s equity that is greater than $500 million.
CY2012	bmnm	Description Of Reimbursement Of Expenses DescriptionOfReimbursementOfExpenses	Should Orchid terminate the management agreement without cause, it shall pay to Bimini Advisors a termination fee equal to three times the average annual management fee, as defined in the management agreement, before or on the last day of the initial term or automatic renewal term. Orchid is obligated to reimburse Bimini Advisors for any direct expenses incurred on its behalf. In addition, once Orchid’s equity equals $100 million, Bimini will begin allocating to Orchid its pro rata portion of certain overhead costs as defined in the management agreement.
CY2013Q1	bmnm	Offering Costs OfferingCosts	3000000	USD
CY2012Q1	us-gaap	Net Income Loss NetIncomeLoss	839000	USD
CY2012Q1	us-gaap	Other Income OtherIncome	1694000	USD
CY2012Q1	us-gaap	Interest Expense Trust Preferred Securities InterestExpenseTrustPreferredSecurities	265000	USD
CY2012Q1	bmnm	Expenses Expenses	1296000	USD
CY2012Q1	bmnm	Net Interest NetInterest	1165000	USD
CY2012Q1	bmnm	Other Portfolio Income OtherPortfolioIncome	-459000	USD
CY2012Q1	bmnm	Total Portfolio Income TotalPortfolioIncome	441000	USD
CY2012Q2	bmnm	Net Interest NetInterest	976000	USD
CY2012Q2	us-gaap	Other Income OtherIncome	1751000	USD
CY2012Q2	bmnm	Total Portfolio Income TotalPortfolioIncome	-801000	USD
CY2012Q2	bmnm	Expenses Expenses	1141000	USD
CY2012Q2	us-gaap	Net Income Loss NetIncomeLoss	-191000	USD
CY2012Q2	bmnm	Other Portfolio Income OtherPortfolioIncome	-1516000	USD
CY2012Q2	us-gaap	Interest Expense Trust Preferred Securities InterestExpenseTrustPreferredSecurities	261000	USD
CY2012Q3	us-gaap	Other Income OtherIncome	796000	USD
CY2012Q3	bmnm	Total Portfolio Income TotalPortfolioIncome	776000	USD
CY2011Q1	us-gaap	Other Income OtherIncome	-82000	USD
CY2011Q1	bmnm	Expenses Expenses	1950000	USD
CY2011Q1	bmnm	Total Portfolio Income TotalPortfolioIncome	1521000	USD
CY2011Q1	bmnm	Other Portfolio Income OtherPortfolioIncome	248000	USD
CY2011Q1	us-gaap	Net Income Loss NetIncomeLoss	-511000	USD
CY2011Q1	us-gaap	Interest Expense Trust Preferred Securities InterestExpenseTrustPreferredSecurities	250000	USD
CY2011Q2	bmnm	Expenses Expenses	1291000	USD
CY2011Q2	bmnm	Other Portfolio Income OtherPortfolioIncome	1032000	USD
CY2012Q3	us-gaap	Interest Expense Trust Preferred Securities InterestExpenseTrustPreferredSecurities	266000	USD
CY2012Q3	bmnm	Net Interest NetInterest	1061000	USD
CY2012Q3	bmnm	Expenses Expenses	2334000	USD
CY2012Q3	bmnm	Other Portfolio Income OtherPortfolioIncome	-19000	USD
CY2012Q3	us-gaap	Net Income Loss NetIncomeLoss	-762000	USD
CY2012Q4	bmnm	Other Portfolio Income OtherPortfolioIncome	-1073000	USD
CY2012Q4	bmnm	Net Interest NetInterest	600000	USD
CY2012Q4	bmnm	Total Portfolio Income TotalPortfolioIncome	-730000	USD
CY2012Q4	us-gaap	Interest Expense Trust Preferred Securities InterestExpenseTrustPreferredSecurities	257000	USD
CY2012Q4	us-gaap	Other Income OtherIncome	119000	USD
CY2012Q4	us-gaap	Net Income Loss NetIncomeLoss	-1916000	USD
CY2012Q4	bmnm	Expenses Expenses	1305000	USD
CY2011Q1	bmnm	Net Interest NetInterest	1523000	USD
CY2011Q2	us-gaap	Interest Expense Trust Preferred Securities InterestExpenseTrustPreferredSecurities	250000	USD
CY2011Q2	bmnm	Total Portfolio Income TotalPortfolioIncome	2013000	USD
CY2011Q2	us-gaap	Net Income Loss NetIncomeLoss	2209000	USD
CY2011Q2	bmnm	Net Interest NetInterest	1231000	USD
CY2011Q2	us-gaap	Other Income OtherIncome	1487000	USD
CY2011Q3	us-gaap	Interest Expense Trust Preferred Securities InterestExpenseTrustPreferredSecurities	250000	USD
CY2011Q3	bmnm	Other Portfolio Income OtherPortfolioIncome	-2801000	USD
CY2011Q3	us-gaap	Other Income OtherIncome	2436000	USD
CY2011Q3	bmnm	Net Interest NetInterest	1081000	USD
CY2011Q3	us-gaap	Net Income Loss NetIncomeLoss	-1913000	USD
CY2011Q3	bmnm	Total Portfolio Income TotalPortfolioIncome	-1970000	USD
CY2011Q3	bmnm	Expenses Expenses	2379000	USD
CY2011Q4	bmnm	Other Portfolio Income OtherPortfolioIncome	-418000	USD
CY2011Q4	bmnm	Total Portfolio Income TotalPortfolioIncome	305000	USD
CY2011Q4	us-gaap	Interest Expense Trust Preferred Securities InterestExpenseTrustPreferredSecurities	258000	USD
CY2011Q4	bmnm	Net Interest NetInterest	981000	USD
CY2011Q4	us-gaap	Net Income Loss NetIncomeLoss	-2407000	USD
CY2011Q4	bmnm	Expenses Expenses	1996000	USD
CY2011Q4	us-gaap	Other Income OtherIncome	-716000	USD

Files In Submission

Name	View Source	Status
0001275477-13-000016-index-headers.html	Edgar Link	pending
0001275477-13-000016-index.html	Edgar Link	pending
0001275477-13-000016.txt	Edgar Link	pending
0001275477-13-000016-xbrl.zip	Edgar Link	pending
biminilogo.jpg	Edgar Link	pending
bmnm-20121231.xml	Edgar Link	completed
bmnm-20121231.xsd	Edgar Link	pending
bmnm-20121231_cal.xml	Edgar Link	unprocessable
bmnm-20121231_def.xml	Edgar Link	unprocessable
bmnm-20121231_lab.xml	Edgar Link	unprocessable
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$BMNM
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2012 Q4 Form 10-K Financial Statement

#000127547713000016 Filed on March 20, 2013

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$BMNM Bimini Capital Management Inc Stock $bmnm

2012 Q4 Form 10-K Financial Statement

#000127547713000016 Filed on March 20, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BMNM
Bimini Capital Management Inc Stock $bmnm