$BMNM
BIMINI CAPITAL MANAGEMENT, INC. Stock $bmnm

$bmnm Overview Financials Valuation SEC Filings Company Website

2013 Q3 Form 10-Q Financial Statement

#000127547713000110 Filed on November 07, 2013

Income Statement

Concept	2013 Q3	2012 Q3
Revenue	$2.768M	$1.165M
YoY Change	137.62%	2.75%
Cost Of Revenue	$580.0K	$370.0K
YoY Change	56.76%	23.33%
Gross Profit	$1.650M	$1.570M
YoY Change	5.1%	234.04%
Gross Profit Margin	59.62%	134.8%
Selling, General & Admin	$1.797M	$2.334M
YoY Change	-23.01%	-1.86%
% of Gross Profit	108.92%	148.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$31.00K	$30.00K
YoY Change	3.33%	3.45%
% of Gross Profit	1.88%	1.91%
Operating Expenses	$1.797M	$2.334M
YoY Change	-23.01%	-1.86%
Operating Profit	-$147.2K	-$764.5K
YoY Change	-80.75%	-59.95%
Interest Expense	$329.1K	$103.7K
YoY Change	217.39%	96.68%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$146.1K	-$761.7K
YoY Change	-80.82%	-60.19%
Income Tax	-$1.287M	$0.00
% Of Pretax Income
Net Earnings	$1.845M	-$761.7K
YoY Change	-342.26%	-60.18%
Net Earnings / Revenue	66.68%	-65.4%
Basic Earnings Per Share
Diluted Earnings Per Share	$163.9K	-$74.07K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept	2013 Q3	2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$10.50M	$7.300M
YoY Change	43.84%	87.18%
Cash & Equivalents	$10.48M	$7.311M
Short-Term Investments
Other Short-Term Assets	$3.900M	$4.100M
YoY Change	-4.88%	-24.07%
Inventory
Prepaid Expenses
Receivables	$42.70M	$700.0K
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$57.10M	$12.10M
YoY Change	371.9%	17.48%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.694M	$3.805M
YoY Change	-2.91%	-2.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$371.3M	$125.7M
YoY Change	195.39%	42.52%
Other Assets	$2.700M	$300.0K
YoY Change	800.0%	-82.35%
Total Long-Term Assets	$381.1M	$134.1M
YoY Change	184.15%	35.68%
TOTAL ASSETS
Total Short-Term Assets	$57.10M	$12.10M
Total Long-Term Assets	$381.1M	$134.1M
Total Assets	$438.2M	$146.2M
YoY Change	199.69%	33.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$100.0K	$100.0K
YoY Change	0.0%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$336.7M	$107.1M
YoY Change	214.38%	58.9%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$375.5M	$107.2M
YoY Change	250.28%	58.81%
LONG-TERM LIABILITIES
Long-Term Debt	$26.80M	$26.80M
YoY Change	0.0%	0.0%
Other Long-Term Liabilities	$800.0K	$6.800M
YoY Change	-88.24%	-5.56%
Total Long-Term Liabilities	$27.60M	$33.60M
YoY Change	-17.86%	-1.18%
TOTAL LIABILITIES
Total Short-Term Liabilities	$375.5M	$107.2M
Total Long-Term Liabilities	$27.60M	$33.60M
Total Liabilities	$403.2M	$140.8M
YoY Change	186.28%	38.84%
SHAREHOLDERS EQUITY
Retained Earnings	-$331.5M	-$328.8M
YoY Change	0.8%	0.77%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$3.349M	$5.380M
YoY Change
Total Liabilities & Shareholders Equity	$438.2M	$146.2M
YoY Change	199.69%	33.97%

Cashflow Statement

Concept	2013 Q3	2012 Q3
OPERATING ACTIVITIES
Net Income	$1.845M	-$761.7K
YoY Change	-342.26%	-60.18%
Depreciation, Depletion And Amortization	$31.00K	$30.00K
YoY Change	3.33%	3.45%
Cash From Operating Activities	-$1.100M	-$1.200M
YoY Change	-8.33%	-33.33%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$13.30M	-$12.30M
YoY Change	-208.13%	-150.2%
Cash From Investing Activities	$13.30M	-$12.30M
YoY Change	-208.13%	-150.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-10.40M	15.30M
YoY Change	-167.97%	-160.96%
NET CHANGE
Cash From Operating Activities	-1.100M	-1.200M
Cash From Investing Activities	13.30M	-12.30M
Cash From Financing Activities	-10.40M	15.30M
Net Change In Cash	1.800M	1.800M
YoY Change	0.0%	-175.0%
FREE CASH FLOW
Cash From Operating Activities	-$1.100M	-$1.200M
Capital Expenditures	$0.00	$0.00
Free Cash Flow	-$1.100M	-$1.200M
YoY Change	-8.33%	-33.33%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Gain Loss On Derivative Instruments Held For Trading Purposes Net GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet	4146144	USD
	bmnm	Other Income Expense OtherIncomeExpense	-21018	USD
	bmnm	Other Income Expense Net OtherIncomeExpenseNet	7251845	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	1584939	USD
	bmnm	Directors Fees And Liability Insurance DirectorsFeesAndLiabilityInsurance	608153	USD
	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	678917	USD
CY2013Q3	bmnm	Unsettled Purchases UnsettledPurchases	38720351	USD
CY2012Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6592561	USD
CY2012Q3	us-gaap	Labor And Related Expense LaborAndRelatedExpense	391767	USD
CY2013Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	334810312	USD
CY2013Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10479242	USD
CY2013Q3	us-gaap	Junior Subordinated Notes JuniorSubordinatedNotes	26804440	USD
CY2012Q4	us-gaap	Stockholders Equity StockholdersEquity	3516772	USD
CY2012Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	334254432	USD
	bmnm	Payments For Securities Sold Under Agreements To Repurchase PaymentsForSecuritiesSoldUnderAgreementsToRepurchase	2685455495	USD
CY2012Q4	us-gaap	Assets Assets	187352951	USD
CY2013Q3	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	122368	USD
CY2013Q3	us-gaap	Other Liabilities OtherLiabilities	811497	USD
CY2013Q3	us-gaap	Liabilities Liabilities	403197662	USD
CY2013Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-331472881	USD
CY2012Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	187352951	USD
CY2012Q4	us-gaap	Interest Receivable InterestReceivable	718895	USD
CY2013Q3	bmnm	Mortgage Backed Securities At Fair Value Pledged As Collateral MortgageBackedSecuritiesAtFairValuePledgedAsCollateral	315398460	USD
CY2013Q3	bmnm	Mortgage Backed Securities At Fair Value Unpledged MortgageBackedSecuritiesAtFairValueUnpledged	55942550	USD
	us-gaap	Interest Paid InterestPaid	1683767	USD
	us-gaap	Interest Paid InterestPaid	1062221	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	USD
CY2012Q3	bmnm	Net Interest Income Before Interest Expense Junior Subordinated Debentures NetInterestIncomeBeforeInterestExpenseJuniorSubordinatedDebentures	1060999	USD
CY2012Q3	bmnm	Net Portfolio Income NetPortfolioIncome	776409	USD
CY2013Q3	bmnm	Mortgage Backed Securities At Fair Value MortgageBackedSecuritiesAtFairValue	371341010	USD
CY2013Q3	bmnm	Retained Interests In Securitizations RetainedInterestsInSecuritizations	3398546	USD
CY2013Q3	us-gaap	Interest Receivable InterestReceivable	1562983	USD
CY2013Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3693988	USD
CY2013Q3	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	336739006	USD
CY2012Q4	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	150294174	USD
CY2013Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2013Q3	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	11574	USD
CY2012Q4	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	10681	USD
CY2012Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2012Q4	us-gaap	Minority Interest MinorityInterest	0	USD
CY2013Q3	us-gaap	Minority Interest MinorityInterest	31656409	USD
CY2013Q3	us-gaap	Stockholders Equity StockholdersEquity	3349005	USD
CY2013Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	35005414	USD
CY2012Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3516772	USD
CY2013Q3	bmnm	Unsettled Sales UnsettledSales	41150840	USD
CY2013Q3	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	3865882	USD
CY2012Q4	bmnm	Unsettled Sales UnsettledSales	0	USD
CY2012Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	3935669	USD
CY2012Q4	bmnm	Unsettled Purchases UnsettledPurchases	0	USD
	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	6773393	USD
	us-gaap	Interest Expense InterestExpense	936617	USD
	bmnm	Net Interest Income Before Interest Expense Junior Subordinated Debentures NetInterestIncomeBeforeInterestExpenseJuniorSubordinatedDebentures	5836776	USD
	us-gaap	Interest Expense Junior Subordinated Debentures InterestExpenseJuniorSubordinatedDebentures	746072	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	5090704	USD
	bmnm	Unrealized Gains On Investments UnrealizedGainsOnInvestments	-10772942	USD
	bmnm	Direct Reit Operating Expenses DirectReitOperatingExpenses	340584	USD
	bmnm	Orchid Island Capital Offering Expenses OrchidIslandCapitalOfferingExpenses	3042322	USD
	us-gaap	Professional Fees ProfessionalFees	1166515	USD
	bmnm	Net Portfolio Income NetPortfolioIncome	-3077263	USD
	bmnm	Losses Gains On Retained Interests In Securitizations LossesGainsOnRetainedInterestsInSecuritizations	2535603	USD
	us-gaap	Profit Loss ProfitLoss	-1959694	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1235154	USD
	us-gaap	Net Income Loss NetIncomeLoss	-724540	USD
	us-gaap	Gain Loss On Derivative Instruments Held For Trading Purposes Net GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet	-763037	USD
	bmnm	Orchid Island Capital Offering Expenses OrchidIslandCapitalOfferingExpenses	0	USD
	us-gaap	Interest Expense Junior Subordinated Debentures InterestExpenseJuniorSubordinatedDebentures	791891	USD
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	1231139	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	4771749	USD
	bmnm	Net Portfolio Income NetPortfolioIncome	416841	USD
	bmnm	Other Income Expense Net OtherIncomeExpenseNet	4240996	USD
	bmnm	Net Interest Income Before Interest Expense Junior Subordinated Debentures NetInterestIncomeBeforeInterestExpenseJuniorSubordinatedDebentures	3202598	USD
	us-gaap	Interest Expense InterestExpense	285315	USD
	bmnm	Directors Fees And Liability Insurance DirectorsFeesAndLiabilityInsurance	412109	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	2410707	USD
	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	603688	USD
	bmnm	Unrealized Gains On Investments UnrealizedGainsOnInvestments	-1404489	USD
	bmnm	Other Income Expense OtherIncomeExpense	36002	USD
	us-gaap	Profit Loss ProfitLoss	-113912	USD
	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	3487913	USD
	bmnm	Realized Gains On Investments RealizedGainsOnInvestments	173660	USD
	bmnm	Direct Reit Operating Expenses DirectReitOperatingExpenses	408784	USD
	us-gaap	Net Income Loss NetIncomeLoss	-113912	USD
CY2012Q3	bmnm	Unrealized Gains On Investments UnrealizedGainsOnInvestments	315542	USD
CY2012Q3	us-gaap	Net Income Loss NetIncomeLoss	-761682	USD
CY2012Q3	bmnm	Losses Gains On Retained Interests In Securitizations LossesGainsOnRetainedInterestsInSecuritizations	737567	USD
CY2012Q3	bmnm	Other Income Expense OtherIncomeExpense	58800	USD
CY2012Q3	bmnm	Other Income Expense Net OtherIncomeExpenseNet	796367	USD
CY2012Q3	bmnm	Realized Gains On Investments RealizedGainsOnInvestments	3275	USD
CY2012Q3	bmnm	Orchid Island Capital Offering Expenses OrchidIslandCapitalOfferingExpenses	0	USD
CY2012Q3	us-gaap	Interest Expense InterestExpense	103676	USD
CY2012Q3	us-gaap	Professional Fees ProfessionalFees	1408722	USD
CY2012Q3	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	1164675	USD
CY2012Q3	bmnm	Direct Reit Operating Expenses DirectReitOperatingExpenses	136406	USD
CY2012Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	795292	USD
CY2012Q3	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	259348	USD
CY2012Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	USD
CY2012Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2334458	USD
CY2012Q3	us-gaap	Interest Expense Junior Subordinated Debentures InterestExpenseJuniorSubordinatedDebentures	265707	USD
CY2012Q3	us-gaap	Profit Loss ProfitLoss	-761682	USD
CY2012Q3	bmnm	Directors Fees And Liability Insurance DirectorsFeesAndLiabilityInsurance	138215	USD
CY2013Q3	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	2767554	USD
CY2013Q3	us-gaap	Interest Expense InterestExpense	329059	USD
CY2013Q3	bmnm	Net Interest Income Before Interest Expense Junior Subordinated Debentures NetInterestIncomeBeforeInterestExpenseJuniorSubordinatedDebentures	2438495	USD
CY2013Q3	us-gaap	Interest Expense Junior Subordinated Debentures InterestExpenseJuniorSubordinatedDebentures	250507	USD
	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
CY2012Q3	us-gaap	Gain Loss On Derivative Instruments Held For Trading Purposes Net GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet	-337700	USD
CY2013Q3	us-gaap	Labor And Related Expense LaborAndRelatedExpense	731968	USD
CY2013Q3	bmnm	Directors Fees And Liability Insurance DirectorsFeesAndLiabilityInsurance	217447	USD
CY2013Q3	bmnm	Orchid Island Capital Offering Expenses OrchidIslandCapitalOfferingExpenses	0	USD
CY2013Q3	us-gaap	Professional Fees ProfessionalFees	443573	USD
CY2013Q3	us-gaap	Gain Loss On Derivative Instruments Held For Trading Purposes Net GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet	-2449925	USD
CY2013Q3	bmnm	Net Portfolio Income NetPortfolioIncome	-817010	USD
CY2013Q3	bmnm	Losses Gains On Retained Interests In Securitizations LossesGainsOnRetainedInterestsInSecuritizations	780424	USD
CY2013Q3	bmnm	Other Income Expense OtherIncomeExpense	-12301	USD
CY2013Q3	bmnm	Other Income Expense Net OtherIncomeExpenseNet	2468123	USD
CY2013Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	2187988	USD
CY2013Q3	bmnm	Unrealized Gains On Investments UnrealizedGainsOnInvestments	112109	USD
CY2013Q3	bmnm	Realized Gains On Investments RealizedGainsOnInvestments	-667182	USD
CY2013Q3	bmnm	Direct Reit Operating Expenses DirectReitOperatingExpenses	106913	USD
CY2013Q3	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	297287	USD
CY2013Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1797188	USD
CY2013Q3	us-gaap	Profit Loss ProfitLoss	1141079	USD
CY2013Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-704191	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1287154	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-3246848	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-113912	USD
CY2013Q3	us-gaap	Net Income Loss NetIncomeLoss	1845270	USD
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-657325	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2013Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-146075	USD
CY2013Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1287154	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	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	bmnm	Gains On Release Of Loan Loss Reserves GainsOnReleaseOfLoanLossReserves	4737260	USD
	bmnm	Gains On Release Of Loan Loss Reserves GainsOnReleaseOfLoanLossReserves	0	USD
CY2013Q3	bmnm	Gains On Release Of Loan Loss Reserves GainsOnReleaseOfLoanLossReserves	1700000	USD
CY2012Q3	bmnm	Gains On Release Of Loan Loss Reserves GainsOnReleaseOfLoanLossReserves	0	USD
	bmnm	Amortization Of Equity Awards AmortizationOfEquityAwards	278535	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	1870085	USD
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-1065362	USD
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	804353	USD
	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	278535	USD
	bmnm	Proceeds From Securities Sold Under Agreements To Repurchase ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase	2871900327	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-1078	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	91263	USD
	bmnm	Payments To Acquire Mortgage Backed Securities Mbs Categorized As Trading PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading	508382196	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-217922484	USD
	bmnm	Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading	30776918	USD
	us-gaap	Proceeds From Collection Of Retained Interest In Securitized Receivables ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables	2473066	USD
	bmnm	Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Trading ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading	259090754	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-613973	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2194532	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	219614633	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	3886681	USD
	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	126973	USD
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	14985	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	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	89333	USD
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-237178	USD
	bmnm	Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Trading ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading	127708846	USD
	us-gaap	Increase Decrease In Restricted Cash IncreaseDecreaseInRestrictedCash	-152031	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-32284332	USD
	bmnm	Payments To Acquire Mortgage Backed Securities Mbs Categorized As Trading PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading	177679884	USD
	bmnm	Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading	14158821	USD
	us-gaap	Proceeds From Collection Of Retained Interest In Securitized Receivables ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables	3385778	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	3009992	USD
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4300785	USD
	bmnm	Proceeds From Securities Sold Under Agreements To Repurchase ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase	662456590	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	37593103	USD
	bmnm	Payments For Securities Sold Under Agreements To Repurchase PaymentsForSecuritiesSoldUnderAgreementsToRepurchase	624863487	USD
CY2012Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	7310777	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	40000	USD
	bmnm	Cash Dividends Paid To Noncontrolling Interests CashDividendsPaidToNoncontrollingInterests	2230199	USD
	bmnm	Issuance Of Common Shares Orchid IssuanceOfCommonSharesOrchid	35400000	USD
	us-gaap	Gain Loss On Investments Excluding Other Than Temporary Impairments GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments	-12314111	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	39386	USD
	bmnm	Issuance Of Common Shares Orchid IssuanceOfCommonSharesOrchid	0	USD
	us-gaap	Gain Loss On Investments Excluding Other Than Temporary Impairments GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments	-1230829	USD
	bmnm	Cash Dividends Paid To Noncontrolling Interests CashDividendsPaidToNoncontrollingInterests	0	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	10941	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	9924	USD
CY2013Q3	bmnm	Securities Acquisitions Settled In Later Period SecuritiesAcquisitionsSettledInLaterPeriod	38720351	USD
CY2012Q3	bmnm	Securities Acquisitions Settled In Later Period SecuritiesAcquisitionsSettledInLaterPeriod	0	USD
CY2013Q3	bmnm	Securities Sales Settled In Later Period SecuritiesSalesSettledInLaterPeriod	40955374	USD
CY2012Q3	bmnm	Securities Sales Settled In Later Period SecuritiesSalesSettledInLaterPeriod	0	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	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<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 </font><font style="font-family:Arial Narrow;font-size:11pt;">period</font><font style="font-family:Arial Narrow;font-size:11pt;"> amounts have been reclassified to conform to the current</font><font style="font-family:Arial Narrow;font-size:11pt;"> period</font><font style="font-family:Arial Narrow;font-size:11pt;"> presentations.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p>
	us-gaap	Depreciation Depreciation	89000	USD
	bmnm	Principal Interest Payments PrincipalInterestPayments	37400000	USD
CY2013Q3	us-gaap	Minority Interest Ownership Percentage By Parent MinorityInterestOwnershipPercentageByParent	0.2938
CY2013Q3	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	1022000	USD
	us-gaap	Depreciation Depreciation	91000	USD
CY2012Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	931000	USD
CY2012Q4	us-gaap	Minority Interest Ownership Percentage By Parent MinorityInterestOwnershipPercentageByParent	1.00
CY2013Q3	us-gaap	Cash Uninsured Amount CashUninsuredAmount	9100000	USD
CY2013Q3	bmnm	Repurchase Agreement Margin RepurchaseAgreementMargin	0	USD
CY2012Q4	bmnm	Repurchase Agreement Margin RepurchaseAgreementMargin	614000	USD
	us-gaap	Open Tax Year OpenTaxYear	2011
	bmnm	Required Annual Distribution Of Taxable Income RequiredAnnualDistributionOfTaxableIncome	0.90
CY2013Q3	us-gaap	Margin Deposit Assets MarginDepositAssets	2711000	USD
CY2012Q4	us-gaap	Margin Deposit Assets MarginDepositAssets	227000	USD
CY2013Q3	us-gaap	Depreciation Depreciation	31000	USD
CY2012Q3	us-gaap	Depreciation Depreciation	30000	USD
CY2013Q3	bmnm	Unpledged Unsettled Securities Purchases UnpledgedUnsettledSecuritiesPurchases	38800000	USD
CY2012Q4	bmnm	Unpledged Unsettled Securities Purchases UnpledgedUnsettledSecuritiesPurchases	0	USD
CY2013Q3	bmnm	Mortgage Backed Securities Within One Year Fair Value MortgageBackedSecuritiesWithinOneYearFairValue	0	USD
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
CY2012Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	367844	shares
	bmnm	Phantom Share Expense PhantomShareExpense	279000	USD
CY2013Q3	bmnm	Mortgage Backed Securities After One Through Five Years Fair Value MortgageBackedSecuritiesAfterOneThroughFiveYearsFairValue	61000	USD
CY2013Q3	bmnm	Mortgage Backed Securities After Five Through Ten Years Fair Value MortgageBackedSecuritiesAfterFiveThroughTenYearsFairValue	1662000	USD
CY2013Q3	bmnm	Mortgage Backed Securities After Ten Years Fair Value MortgageBackedSecuritiesAfterTenYearsFairValue	369618000	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
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
	us-gaap	Schedule Of Repurchase Agreements ScheduleOfRepurchaseAgreements	<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;"> </font><font style="font-family:Arial Narrow;font-size:11pt;">September 30, 2013</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;">2012</font><font style="font-family:Arial Narrow;font-size:11pt;">, </font><font style="font-family:Arial Narrow;font-size:11pt;">the Company's</font><font style="font-family:Arial Narrow;font-size:11pt;"> 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, 2013</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 and receivable for</font></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: 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;">securities sold</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;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 25,386</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</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;"> 230,401</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;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 101,706</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</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;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 357,493</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Repurchase agreement liabilities associated with</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; text-align:left;border-color:#000000;min-width:280px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">these securities</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</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;"> 25,067</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;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 216,084</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</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;"> 95,588</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;"> 336,739</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;">0.35%</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;">0.38%</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;">0.34%</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;">0.37%</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: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;"> 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;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</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;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 158,765</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Repurchase agreement liabilities associated with</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; text-align:left;border-color:#000000;min-width:280px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">these securities</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</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;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 150,294</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</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;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;"> 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></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Arial Narrow;font-size:11pt;margin-left:18px;">As of September 30, 2013, the outstanding repurchase obligations of the consolidated VIE included in the table above was $301.7</font><font style="font-family:Arial Narrow;font-size:11pt;"> million.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> </p><p style='margin-top:0pt; margin-bottom:0pt'> </p>
CY2013Q3	bmnm	Collateral Held On Repurchase Agreements CollateralHeldOnRepurchaseAgreements	357493000	USD
CY2012Q4	bmnm	Collateral Held On Repurchase Agreements CollateralHeldOnRepurchaseAgreements	158765000	USD
CY2012Q4	bmnm	Repurchase Agreements Weighted Average Borrowing Rates RepurchaseAgreementsWeightedAverageBorrowingRates	0.0049
CY2013Q3	bmnm	Repurchase Agreements Weighted Average Borrowing Rates RepurchaseAgreementsWeightedAverageBorrowingRates	0.0037
CY2012Q4	us-gaap	Repurchase Agreement Counterparty Amount At Risk RepurchaseAgreementCounterpartyAmountAtRisk	9000000	USD
CY2013Q3	us-gaap	Repurchase Agreement Counterparty Amount At Risk RepurchaseAgreementCounterpartyAmountAtRisk	20700000	USD
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Purpose DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsPurpose	In connection with its interest rate risk management strategy, the Company economically hedges a portion of its interest rate risk by entering into derivative financial instrument contracts.
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Type DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsType	Eurodollar Futures Contract
	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Risk DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsRisk	Interest Rate Risk
CY2012	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Type DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsType	Eurodollar Futures Contract
CY2012	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Risk DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsRisk	Interest Rate Risk
CY2013Q3	us-gaap	Debt Instrument Basis Spread On Variable Rate DebtInstrumentBasisSpreadOnVariableRate	0.0350
CY2013Q3	us-gaap	Debt Instrument Interest Rate At Period End DebtInstrumentInterestRateAtPeriodEnd	0.0375
	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;">.</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, 2013</font><font style="font-family:Arial Narrow;font-size:11pt;"> and </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;"> 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, 2013</font><font style="font-family:Arial Narrow;font-size:11pt;">, the interest rate was </font><font style="font-family:Arial Narrow;font-size:11pt;">3.75%</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 VIE</font><font style="font-family:Arial Narrow;font-size:11pt;"> 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 </font><font style="font-family:Arial Narrow;font-size:11pt;">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 investment in BCTII </font><font style="font-family:Arial Narrow;font-size:11pt;">is</font><font style="font-family:Arial Narrow;font-size:11pt;"> 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>
	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
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	-892844	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	0.60
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
CY2011Q4	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 Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	0	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
	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	0.23
CY2013Q3	bmnm	Phantom Share Compensation Not Yet Recognized PhantomShareCompensationNotYetRecognized	0	USD
	bmnm	Phantom Share Expense PhantomShareExpense	63000	USD
CY2012Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	367844	shares
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
CY2013Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	0	shares
CY2013Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	0
CY2012Q3	bmnm	Phantom Share Expense PhantomShareExpense	21000	USD
CY2013Q3	bmnm	Phantom Share Expense PhantomShareExpense	238000	USD
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	525000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	0	shares
CY2013Q3	bmnm	Special Bonus Date SpecialBonusDate	8/13/2013
	bmnm	Bonus Expense BonusExpense	167000	USD
	bmnm	Special Bonus Shares SpecialBonusShares	525000	shares
	bmnm	Special Bonus Shares Value SpecialBonusSharesValue	122000	USD
CY2013Q3	bmnm	Special Bonus Cash SpecialBonusCash	45000	USD
CY2012Q4	bmnm	Loan Repurchase Demand Liability LoanRepurchaseDemandLiability	4737000	USD
CY2013Q3	bmnm	Loan Repurchase Demand Liability LoanRepurchaseDemandLiability	0	USD
CY2012	bmnm	Reit Operating Loss Carryover Expiration ReitOperatingLossCarryoverExpiration	2028 through 2032
CY2012Q4	bmnm	Reit Operating Loss Carryforward ReitOperatingLossCarryforward	13800000	USD
	bmnm	Valuation Technique ValuationTechnique	Cash Flow Recognition
	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 and a shareholder of Orchid. Orchid entered into a management agreement with Bimini Capital, which provided for an initial term through December 31, 2011 with automatic one-year extension options. The agreement was extended under the option to December 31, 2013, but was terminated at the completion of Orchid’s IPO. At the completion of the IPO, Orchid entered into a management agreement with Bimini Advisors, LLC which provides for an initial term through February 20, 2016 with automatic one-year extensions and is subject to certain termination rights. 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% Orchid’s equity that is greater than $500 million.
	bmnm	Transfer From Noncontrolling Interest TransferFromNoncontrollingInterest	278000	USD
	us-gaap	Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet	-447000	USD

Files In Submission

Name	View Source	Status
0001275477-13-000110-index-headers.html	Edgar Link	pending
0001275477-13-000110-index.html	Edgar Link	pending
0001275477-13-000110.txt	Edgar Link	pending
0001275477-13-000110-xbrl.zip	Edgar Link	pending
biminilogo.jpg	Edgar Link	pending
bmnm-20130930.xml	Edgar Link	completed
bmnm-20130930.xsd	Edgar Link	pending
bmnm-20130930_cal.xml	Edgar Link	unprocessable
bmnm-20130930_def.xml	Edgar Link	unprocessable
bmnm-20130930_lab.xml	Edgar Link	unprocessable
bmnm-20130930_pre.xml	Edgar Link	unprocessable
bmnm10q20130930.htm	Edgar Link	pending
bmnm10q20130930x311.htm	Edgar Link	pending
bmnm10q20130930x312.htm	Edgar Link	pending
bmnm10q20130930x321.htm	Edgar Link	pending
bmnm10q20130930x322.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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BIMINI CAPITAL MANAGEMENT, INC. Stock $bmnm

2013 Q3 Form 10-Q Financial Statement

#000127547713000110 Filed on November 07, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BMNM BIMINI CAPITAL MANAGEMENT, INC. Stock $bmnm

2013 Q3 Form 10-Q Financial Statement

#000127547713000110 Filed on November 07, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BMNM
BIMINI CAPITAL MANAGEMENT, INC. Stock $bmnm