2013 Q4 Form 10-K Financial Statement
#000127547715000025 Filed on March 16, 2015
Income Statement
Concept | 2013 Q4 | 2013 | 2012 Q4 |
---|---|---|---|
Revenue | $1.790M | $9.795M | -$200.0K |
YoY Change | -995.0% | 131.08% | 122.22% |
Cost Of Revenue | $590.0K | $2.300M | $410.0K |
YoY Change | 43.9% | 53.33% | 28.13% |
Gross Profit | $1.200M | $5.400M | -$610.0K |
YoY Change | -296.72% | 35.0% | 48.78% |
Gross Profit Margin | 67.04% | 55.13% | |
Selling, General & Admin | $1.680M | $9.163M | $1.170M |
YoY Change | 43.59% | 50.8% | -37.1% |
% of Gross Profit | 140.0% | 169.68% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $0.00 | $121.8K | $0.00 |
YoY Change | 1.8% | ||
% of Gross Profit | 0.0% | 2.26% | |
Operating Expenses | $1.780M | $9.163M | $1.300M |
YoY Change | 36.92% | 50.8% | -34.67% |
Operating Profit | -$580.0K | -$3.763M | -$1.910M |
YoY Change | -69.63% | 81.23% | -20.42% |
Interest Expense | $1.280M | ||
YoY Change | 193.45% | ||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$590.0K | -$3.832M | -$1.920M |
YoY Change | -69.27% | 88.8% | -20.33% |
Income Tax | $0.00 | -$1.248M | $0.00 |
% Of Pretax Income | |||
Net Earnings | -$1.610M | -$2.330M | -$1.916M |
YoY Change | -15.97% | 14.8% | -20.4% |
Net Earnings / Revenue | -89.94% | -23.79% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$139.4K | -$209.1K | -$191.2K |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2013 Q4 | 2013 | 2012 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $12.00M | $12.00M | $6.600M |
YoY Change | 81.82% | 81.82% | 53.49% |
Cash & Equivalents | $11.96M | $12.00M | $5.367M |
Short-Term Investments | |||
Other Short-Term Assets | $2.800M | $300.0K | $3.900M |
YoY Change | -28.21% | 0.0% | -23.53% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $1.700M | $1.700M | $700.0K |
Other Receivables | $0.00 | $1.300M | $0.00 |
Total Short-Term Assets | $16.50M | $15.30M | $11.20M |
YoY Change | 47.32% | 57.73% | 8.74% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.663M | $3.700M | $3.774M |
YoY Change | -2.94% | -2.63% | -2.83% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $804.0K | $390.1M | $804.0K |
YoY Change | 0.0% | 130.15% | -99.12% |
Other Assets | $2.600M | $2.600M | $800.0K |
YoY Change | 225.0% | 225.0% | 100.0% |
Total Long-Term Assets | $398.0M | $399.2M | $176.2M |
YoY Change | 125.96% | 124.65% | 78.01% |
TOTAL ASSETS | |||
Total Short-Term Assets | $16.50M | $15.30M | $11.20M |
Total Long-Term Assets | $398.0M | $399.2M | $176.2M |
Total Assets | $414.5M | $414.5M | $187.4M |
YoY Change | 121.25% | 121.18% | 71.48% |
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 | $353.4M | $353.4M | $150.3M |
YoY Change | 135.13% | 135.13% | 116.26% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $353.5M | $353.5M | $150.4M |
YoY Change | 135.04% | 135.04% | 116.09% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $26.80M | $26.80M | $26.80M |
YoY Change | 0.0% | 0.0% | 0.0% |
Other Long-Term Liabilities | $800.0K | $800.0K | $6.600M |
YoY Change | -87.88% | -87.88% | -12.0% |
Total Long-Term Liabilities | $27.60M | $27.60M | $33.40M |
YoY Change | -17.37% | -17.37% | -2.62% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $353.5M | $353.5M | $150.4M |
Total Long-Term Liabilities | $27.60M | $27.60M | $33.40M |
Total Liabilities | $381.2M | $412.8M | $183.8M |
YoY Change | 107.34% | 124.59% | 76.96% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$333.1M | -$330.7M | |
YoY Change | 0.7% | 0.62% | |
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.744M | $1.700M | $3.517M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $414.5M | $414.5M | $187.4M |
YoY Change | 121.25% | 121.18% | 71.48% |
Cashflow Statement
Concept | 2013 Q4 | 2013 | 2012 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.610M | -$2.330M | -$1.916M |
YoY Change | -15.97% | 14.8% | -20.4% |
Depreciation, Depletion And Amortization | $0.00 | $121.8K | $0.00 |
YoY Change | 1.8% | ||
Cash From Operating Activities | $1.800M | $4.008M | -$900.0K |
YoY Change | -300.0% | -224.26% | 125.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $10.95K | $0.00 |
YoY Change | 10.33% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$15.90M | -$233.8M | -$42.90M |
YoY Change | -62.94% | 210.9% | 2964.29% |
Cash From Investing Activities | -$16.00M | -$233.9M | -$42.90M |
YoY Change | -62.7% | 211.04% | 2964.29% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $35.40M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 15.60M | 235.2M | 43.20M |
YoY Change | -63.89% | 191.09% | 1863.64% |
NET CHANGE | |||
Cash From Operating Activities | 1.800M | $4.008M | -900.0K |
Cash From Investing Activities | -16.00M | -233.9M | -42.90M |
Cash From Financing Activities | 15.60M | 235.2M | 43.20M |
Net Change In Cash | 1.400M | $4.008M | -600.0K |
YoY Change | -333.33% | -224.26% | -250.0% |
FREE CASH FLOW | |||
Cash From Operating Activities | $1.800M | $4.008M | -$900.0K |
Capital Expenditures | $0.00 | $10.95K | $0.00 |
Free Cash Flow | $1.800M | $3.997M | -$900.0K |
YoY Change | -300.0% | -223.54% | 125.0% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
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9201769 | USD |
CY2014Q4 | us-gaap |
Assets
Assets
|
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CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
11959292 | USD |
CY2013Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
334810312 | USD |
CY2014Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
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CY2014 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
CY2014 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2014 | dei |
Entity Registrant Name
EntityRegistrantName
|
Bimini Capital Management, Inc. | |
CY2014 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001275477 | |
CY2014 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2014 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
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Retained Earnings Accumulated Deficit
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Payments To Acquire Mortgage Backed Securities Mbs Categorized As Trading
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|
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CY2014 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
CY2014 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
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Net Interest Income Before Interest Expense Junior Subordinated Debentures
NetInterestIncomeBeforeInterestExpenseJuniorSubordinatedDebentures
|
8514917 | USD |
CY2013 | us-gaap |
Interest Expense Junior Subordinated Debentures
InterestExpenseJuniorSubordinatedDebentures
|
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Interest Income Expense Net
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|
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Unrealized Gains On Investments
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|
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Realized Gains On Investments
RealizedGainsOnInvestments
|
-1248618 | USD |
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Net Interest Income Before Interest Expense Junior Subordinated Debentures
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|
31157356 | USD |
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Interest Expense Junior Subordinated Debentures
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|
984617 | USD |
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Interest Income Expense Net
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|
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Unrealized Gains On Investments
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|
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Realized Gains On Investments
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|
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Interest And Dividend Income Operating
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Interest Expense
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Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
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No | |
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Entity Public Float
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Property Plant And Equipment Net
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Prepaid Expense And Other Assets
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|
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Mortgage Backed Securities Available For Sale Fair Value Disclosure
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|
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|
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|
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|
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|
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|
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|
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|
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Income Tax Expense Benefit
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Profit Loss
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Net Income Loss Attributable To Noncontrolling Interest
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|
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Profit Loss
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Net Income Loss
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Net Income Loss
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Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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Stock Issued During Period Value New Issues
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Stock Issued During Period Value New Issues
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Stock Issued During Period Value Share Based Compensation
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|
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DepreciationDepletionAndAmortization
|
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Deferred Income Tax Expense Benefit
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|
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Investment In Orchid
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CY2013 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2013 | us-gaap |
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CY2013 | us-gaap |
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CY2014 | bmnm |
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|
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CY2014 | bmnm |
Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading
|
87102953 | USD |
CY2014 | us-gaap |
Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
|
4446310 | USD |
CY2014 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
5966495 | USD |
CY2014 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
36852 | USD |
CY2014 | us-gaap |
Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
|
4291625 | USD |
CY2013 | bmnm |
Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Trading
ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading
|
430697721 | USD |
CY2013 | bmnm |
Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading
|
39946437 | USD |
CY2013 | us-gaap |
Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
|
3274876 | USD |
CY2013 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
1716665 | USD |
CY2013 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
10949 | USD |
CY2013 | us-gaap |
Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
|
0 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-233851041 | USD |
CY2013 | bmnm |
Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
|
3867715039 | USD |
CY2014 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
171371150 | USD |
CY2014 | bmnm |
Cash Dividends Paid To Noncontrolling Interests
CashDividendsPaidToNoncontrollingInterests
|
20522827 | USD |
CY2013 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
35400000 | USD |
CY2013 | bmnm |
Cash Dividends Paid To Noncontrolling Interests
CashDividendsPaidToNoncontrollingInterests
|
3292202 | USD |
CY2013 | bmnm |
Stock Issued During Period Employees
StockIssuedDuringPeriodEmployees
|
0 | USD |
CY2014 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
1344164919 | USD |
CY2013 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
235209699 | USD |
CY2014 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-7260233 | USD |
CY2013 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
5366731 | USD |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
5366731 | USD |
CY2014 | us-gaap |
Interest Paid
InterestPaid
|
3685654 | USD |
CY2014 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
22267 | USD |
CY2013 | us-gaap |
Interest Paid
InterestPaid
|
2256525 | USD |
CY2013 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
39386 | USD |
CY2014Q4 | bmnm |
Mortgage Backed Securities After One Through Five Years Fair Value
MortgageBackedSecuritiesAfterOneThroughFiveYearsFairValue
|
0 | USD |
CY2014Q4 | bmnm |
Mortgage Backed Securities After Five Through Ten Years Fair Value
MortgageBackedSecuritiesAfterFiveThroughTenYearsFairValue
|
16000 | USD |
CY2013Q4 | bmnm |
Mortgage Backed Securities Within One Year Fair Value
MortgageBackedSecuritiesWithinOneYearFairValue
|
46000 | USD |
CY2013Q4 | bmnm |
Mortgage Backed Securities After One Through Five Years Fair Value
MortgageBackedSecuritiesAfterOneThroughFiveYearsFairValue
|
0 | USD |
CY2014Q4 | bmnm |
Mortgage Backed Securities After Ten Years Fair Value
MortgageBackedSecuritiesAfterTenYearsFairValue
|
117815000 | USD |
CY2014 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Arial Narrow;font-size:11pt;font-weight:bold;margin-left:0pt;' >Use of Estimates</font></p><p style='text-align:justify;line-height:13.8pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Arial Narrow;font-size:11pt;margin-left:18pt;' >The preparation of financial statements in conformity with GAAP requires management to make estimates an</font><font style='font-family:Arial Narrow;font-size:11pt;' >d 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 resul</font><font style='font-family:Arial Narrow;font-size:11pt;' >ts could differ from those estimates. Significant estimates affecting the accompanying </font><font style='font-family:Arial Narrow;font-size:11pt;' >consolidated </font><font style='font-family:Arial Narrow;font-size:11pt;' >financial statements include the fair values of MBS, </font><font style='font-family:Arial Narrow;font-size:11pt;' >Investment in Orchid, </font><font style='font-family:Arial Narrow;font-size:11pt;' >Eurodollar futures contracts, interest rate swaptions, retained interests and as</font><font style='font-family:Arial Narrow;font-size:11pt;' >set valuation allowances.</font></p><p style='text-align:justify;line-height:13.8pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' ></p></div> | |
CY2014Q4 | bmnm |
Equity Threshold Allocation Overhead Costs
EquityThresholdAllocationOverheadCosts
|
100000000 | USD |
CY2014 | bmnm |
Principal Interest Payments
PrincipalInterestPayments
|
116600000 | USD |
CY2014 | bmnm |
Date Overhead Allocation Threshhold Met
DateOverheadAllocationThreshholdMet
|
31-Mar-14 | |
CY2014 | bmnm |
Date Overhead Allocation Begins
DateOverheadAllocationBegins
|
1-Jul-14 | |
CY2014 | bmnm |
Federal Deposit Insurance Corporation Per Depositor Limit
FederalDepositInsuranceCorporationPerDepositorLimit
|
250000 | USD |
CY2014Q4 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
3800000 | USD |
CY2014 | us-gaap |
Open Tax Year
OpenTaxYear
|
2011 | |
CY2014 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Arial Narrow;font-size:11pt;font-weight:bold;margin-left:0pt;' >Reclassifications</font></p><p style='text-align:justify;line-height:13.8pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Arial Narrow;font-size:11pt;margin-left:18pt;' >Certain prior period amounts have been reclassified to conform to the current period </font><font style='font-family:Arial Narrow;font-size:11pt;' >presentations.</font></p><p style='text-align:justify;line-height:13.8pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' ></p></div> | |
CY2014Q4 | bmnm |
Investment In Orchid
InvestmentInOrchid
|
12810728 | USD |
CY2014Q4 | bmnm |
Collateral Held On Repurchase Agreements
CollateralHeldOnRepurchaseAgreements
|
116431000 | USD |
CY2014 | us-gaap |
Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
|
<div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:228pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:228pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-style:italic;color:#000000;' >($ in thousands)</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:216.75pt;border-top-style:solid;border-top-width:2;text-align:left;border-color:Black;min-width:216.75pt;' ></td><td colspan='2' rowspan='1' style='width:63pt;border-top-style:solid;border-top-width:2;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >OVERNIGHT</font></td><td colspan='2' rowspan='1' style='width:63pt;border-top-style:solid;border-top-width:2;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >BETWEEN 2</font></td><td colspan='2' rowspan='1' style='width:63pt;border-top-style:solid;border-top-width:2;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >BETWEEN 31</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:2;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >GREATER </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:2;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:2;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:216.75pt;text-align:left;border-color:Black;min-width:216.75pt;' ></td><td colspan='2' rowspan='1' style='width:63pt;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >(1 DAY OR</font></td><td colspan='2' rowspan='1' style='width:63pt;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >AND</font></td><td colspan='2' rowspan='1' style='width:63pt;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >AND</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >THAN</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:216.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:216.75pt;' ></td><td colspan='2' rowspan='1' style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >LESS)</font></td><td colspan='2' rowspan='1' style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >30 DAYS</font></td><td colspan='2' rowspan='1' style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >90 DAYS</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >90 DAYS</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >TOTAL</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:228pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:228pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >December 31, 2014</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:228pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:228pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >Fair value of securities pledged, including accrued</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:216.75pt;text-align:left;border-color:Black;min-width:216.75pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >interest receivable</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > - </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 114,433 </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 1,998 </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > - </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 116,431 </font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:228pt;text-align:left;border-color:Black;min-width:228pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >Repurchase agreement liabilities associated with</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:216.75pt;text-align:left;border-color:Black;min-width:216.75pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >these securities</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > - </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 108,074 </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 1,890 </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > - </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 109,964 </font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:228pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:228pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >Net weighted average borrowing rate</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >- </font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >0.36%</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >0.33%</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >- </font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >0.36%</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:228pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:228pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >December 31, 2013</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:228pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:228pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >Fair value of securities pledged, including accrued</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:216.75pt;text-align:left;border-color:Black;min-width:216.75pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >interest receivable</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > - </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 357,338 </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 16,081 </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > - </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 373,419 </font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:228pt;text-align:left;border-color:Black;min-width:228pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >Repurchase agreement liabilities associated with</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:216.75pt;text-align:left;border-color:Black;min-width:216.75pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >these securities</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > - </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 337,977 </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 15,419 </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > - </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 353,396 </font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:228pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:228pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >Net weighted average borrowing rate</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >- </font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >0.39%</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >0.37%</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >- </font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >0.39%</font></td></tr></table></div> | |
CY2014 | bmnm |
Trust Preferred Securities Textblock
TrustPreferredSecuritiesTextblock
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<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Arial Narrow;font-size:11pt;font-weight:bold;margin-left:0pt;' >NOTE 9</font><font style='font-family:Arial Narrow;font-size:11pt;font-weight:bold;' >. TRUST PREFERRED SECURITIES</font></p><p style='text-align:left;line-height:13.8pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Arial Narrow;font-size:11pt;margin-left:18pt;' >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='text-align:justify;line-height:13.8pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Arial Narrow;font-size:11pt;margin-left:18pt;' >As of </font><font style='font-family:Arial Narrow;font-size:11pt;' >December 31, 2014</font><font style='font-family:Arial Narrow;font-size:11pt;' > and </font><font style='font-family:Arial Narrow;font-size:11pt;' >2013</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 was $26.8 million. The BCTII trust preferred securities and Bimini Capital's BCTII Junior Subord</font><font style='font-family:Arial Narrow;font-size:11pt;' >inated Notes have 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, 2014</font><font style='font-family:Arial Narrow;font-size:11pt;' >, the interest rate was </font><font style='font-family:Arial Narrow;font-size:11pt;' >3.74%</font><font style='font-family:Arial Narrow;font-size:11pt;' >. The BCTII trust preferred securities and Bimini Capital's BCTII Junior Subordina</font><font style='font-family:Arial Narrow;font-size:11pt;' >ted 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 </font><font style='font-family:Arial Narrow;font-size:11pt;' >payment of all present and future senior indebtedness. </font></p><p style='text-align:justify;line-height:13.8pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Arial Narrow;font-size:11pt;margin-left:18pt;' >The trust is a VIE 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 comm</font><font style='font-family:Arial Narrow;font-size:11pt;' >on equity securities was financed directly by the 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 is not a variab</font><font style='font-family:Arial Narrow;font-size:11pt;' >le interest, Bimini Capital is not the primary beneficiary of BCTII. Therefore, Bimini Capital has not consolidated the financial statements of BCTII into its financial statements.</font></p><p style='text-align:justify;line-height:13.8pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Arial Narrow;font-size:11pt;margin-left:18pt;' >The accompanying consolidated financial statements present Bimini Capital'</font><font style='font-family:Arial Narrow;font-size:11pt;' >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 (included in prepaid expenses and other assets, net). For financial statement purposes, Bimini Capita</font><font style='font-family:Arial Narrow;font-size:11pt;' >l records payments of interest on the Junior Subordinated Notes issued to BCTII as interest expense.</font></p></div> | |
CY2014Q4 | bmnm |
Mortgage Backed Securities Within One Year Fair Value
MortgageBackedSecuritiesWithinOneYearFairValue
|
0 | USD |
CY2014Q4 | bmnm |
Repurchase Agreements Weighted Average Borrowing Rates
RepurchaseAgreementsWeightedAverageBorrowingRates
|
0.0036 | pure |
CY2013Q4 | bmnm |
Repurchase Agreements Weighted Average Borrowing Rates
RepurchaseAgreementsWeightedAverageBorrowingRates
|
0.0039 | pure |
CY2013Q4 | bmnm |
Collateral Held On Repurchase Agreements
CollateralHeldOnRepurchaseAgreements
|
373419000 | USD |
CY2014Q4 | us-gaap |
Repurchase Agreement Counterparty Amount At Risk
RepurchaseAgreementCounterpartyAmountAtRisk
|
6700000 | USD |
CY2013Q4 | us-gaap |
Repurchase Agreement Counterparty Amount At Risk
RepurchaseAgreementCounterpartyAmountAtRisk
|
19900000 | USD |
CY2014Q4 | us-gaap |
Margin Deposit Assets
MarginDepositAssets
|
500000 | USD |
CY2013Q4 | us-gaap |
Margin Deposit Assets
MarginDepositAssets
|
2600000 | USD |
CY2014Q4 | bmnm |
Repurchase Agreement Margin
RepurchaseAgreementMargin
|
300000 | USD |
CY2013Q4 | bmnm |
Repurchase Agreement Margin
RepurchaseAgreementMargin
|
0 | USD |
CY2014 | us-gaap |
Debt Instrument Issuer
DebtInstrumentIssuer
|
Bimini Capital Trust II | |
CY2014Q4 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.0374 | pure |
CY2014 | us-gaap |
Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
|
Three Month LIBOR | |
CY2014 | us-gaap |
Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
|
0.035 | pure |
CY2013 | us-gaap |
Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
|
0.035 | pure |
CY2013 | us-gaap |
Debt Instrument Description Of Variable Rate Basis
DebtInstrumentDescriptionOfVariableRateBasis
|
Three Month LIBOR | |
CY2013 | us-gaap |
Debt Instrument Issuer
DebtInstrumentIssuer
|
Three Month LIBOR | |
CY2014Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2013Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2014Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2014Q4 | bmnm |
Preferred Shares Designated A Redeemable
PreferredSharesDesignatedARedeemable
|
1800000 | shares |
CY2014Q4 | bmnm |
Preferred Shares Designated B Redeemable
PreferredSharesDesignatedBRedeemable
|
2000000 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2014Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2013Q4 | bmnm |
Preferred Shares Designated A Redeemable
PreferredSharesDesignatedARedeemable
|
1800000 | shares |
CY2013Q4 | bmnm |
Preferred Shares Designated B Redeemable
PreferredSharesDesignatedBRedeemable
|
2000000 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2013Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2014 | us-gaap |
Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
|
-205276607 | USD |
CY2014 | us-gaap |
Cash Divested From Deconsolidation
CashDivestedFromDeconsolidation
|
93136610 | USD |
CY2013 | us-gaap |
Cash Divested From Deconsolidation
CashDivestedFromDeconsolidation
|
0 | USD |
CY2014Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
12388 | USD |
CY2013Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
11574 | USD |
CY2014 | us-gaap |
Marketable Securities Unrealized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments
|
9752 | USD |
CY2014 | us-gaap |
Management Fees Revenue
ManagementFeesRevenue
|
2400000 | USD |
CY2014Q4 | us-gaap |
Land
Land
|
2247000 | USD |
CY2014Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
1827000 | USD |
CY2014Q4 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
187000 | USD |
CY2014Q4 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
227000 | USD |
CY2014Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4488000 | USD |
CY2014Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
903000 | USD |
CY2013Q4 | us-gaap |
Land
Land
|
2247000 | USD |
CY2013Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
1827000 | USD |
CY2013Q4 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
394000 | USD |
CY2013Q4 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
248000 | USD |
CY2013Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
4716000 | USD |
CY2013Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1053000 | USD |
CY2014Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
265000 | USD |
CY2013Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
298000 | USD |
CY2014Q4 | bmnm |
Servicing Advances
ServicingAdvances
|
699000 | USD |
CY2014Q4 | bmnm |
Servicing Sale Receivable
ServicingSaleReceivable
|
465000 | USD |
CY2014Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
804000 | USD |
CY2014Q4 | us-gaap |
Due From Affiliates
DueFromAffiliates
|
330000 | USD |
CY2014Q4 | bmnm |
Other Prepaid Assets
OtherPrepaidAssets
|
397000 | USD |
CY2013Q4 | bmnm |
Servicing Advances
ServicingAdvances
|
831000 | USD |
CY2013Q4 | bmnm |
Servicing Sale Receivable
ServicingSaleReceivable
|
464000 | USD |
CY2013Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
804000 | USD |
CY2013Q4 | us-gaap |
Due From Affiliates
DueFromAffiliates
|
0 | USD |
CY2013Q4 | bmnm |
Other Prepaid Assets
OtherPrepaidAssets
|
358000 | USD |
CY2014Q4 | bmnm |
Stock Ownership Limit
StockOwnershipLimit
|
0.0498 | pure |
CY2014Q4 | bmnm |
Stock Ownership Limit Board Exemption
StockOwnershipLimitBoardExemption
|
0.098 | pure |
CY2014Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
18000000 | USD |
CY2013 | us-gaap |
Income Tax Examination Estimate Of Possible Loss
IncomeTaxExaminationEstimateOfPossibleLoss
|
1300000 | USD |
CY2013Q4 | bmnm |
Excess Inclusion Income
ExcessInclusionIncome
|
2100000 | USD |
CY2013Q4 | us-gaap |
Income Tax Examination Liability Refund Adjustment From Settlement With Taxing Authority
IncomeTaxExaminationLiabilityRefundAdjustmentFromSettlementWithTaxingAuthority
|
800000 | USD |