$CHMI
Cherry Hill Mortgage Investment Corp

2021 Q1 Form 10-Q Financial Statement

#000114036121016620 Filed on May 10, 2021

View on sec.gov

Income Statement

Concept 2021 Q1
Revenue $28.27M
YoY Change -150.53%
Cost Of Revenue $3.082M
YoY Change -47.23%
Gross Profit $25.19M
YoY Change -140.76%
Gross Profit Margin 89.1%
Selling, General & Admin $1.440M
YoY Change -47.83%
% of Gross Profit 5.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.578M
YoY Change -29.06%
Operating Profit $21.61M
YoY Change -132.33%
Interest Expense $1.454M
YoY Change -89.46%
% of Operating Profit 6.73%
Other Income/Expense, Net
YoY Change
Pretax Income $24.69M
YoY Change -140.48%
Income Tax $3.463M
% Of Pretax Income 14.03%
Net Earnings $21.23M
YoY Change -143.47%
Net Earnings / Revenue 75.09%
Basic Earnings Per Share $1.07
Diluted Earnings Per Share $1.07
COMMON SHARES
Basic Shares Outstanding 17.07M
Diluted Shares Outstanding 17.09M

Balance Sheet

Concept 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.90M
YoY Change -39.43%
Cash & Equivalents $61.90M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $60.20M
Other Receivables $0.00
Total Short-Term Assets $122.1M
YoY Change -50.06%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.231B
YoY Change 453.09%
Other Assets $42.70M
YoY Change 26.33%
Total Long-Term Assets $1.288B
YoY Change -31.32%
TOTAL ASSETS
Total Short-Term Assets $122.1M
Total Long-Term Assets $1.288B
Total Assets $1.410B
YoY Change -33.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.40M
YoY Change 2126.67%
Accrued Expenses $3.800M
YoY Change -78.16%
Deferred Revenue
YoY Change
Short-Term Debt $934.0M
YoY Change -40.33%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $977.9M
YoY Change -38.66%
LONG-TERM LIABILITIES
Long-Term Debt $116.9M
YoY Change -31.36%
Other Long-Term Liabilities $8.100M
YoY Change -65.53%
Total Long-Term Liabilities $125.0M
YoY Change -35.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $977.9M
Total Long-Term Liabilities $125.0M
Total Liabilities $1.103B
YoY Change -38.32%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $304.7M
YoY Change
Total Liabilities & Shareholders Equity $1.411B
YoY Change -33.99%

Cashflow Statement

Concept 2021 Q1
OPERATING ACTIVITIES
Net Income $21.23M
YoY Change -143.47%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $12.90M
YoY Change -45.52%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $182.2M
YoY Change -77.24%
Cash From Investing Activities $182.2M
YoY Change -77.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -220.6M
YoY Change -71.71%
NET CHANGE
Cash From Operating Activities 12.90M
Cash From Investing Activities 182.2M
Cash From Financing Activities -220.6M
Net Change In Cash -25.50M
YoY Change -157.55%
FREE CASH FLOW
Cash From Operating Activities $12.90M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q1 dei Entity Central Index Key
EntityCentralIndexKey
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CY2021Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021Q1 dei Amendment Flag
AmendmentFlag
false
CY2021Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
CY2021Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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CY2021Q1 chmi Receivables From Unsettled Trades
ReceivablesFromUnsettledTrades
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CY2020Q4 chmi Receivables From Unsettled Trades
ReceivablesFromUnsettledTrades
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CY2020Q1 us-gaap Stock Repurchased During Period Value
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CY2020Q1 chmi Noncontrolling Interest In Operating Partnership Conversion Of Units
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CY2020Q1 us-gaap Profit Loss
ProfitLoss
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2020Q1 chmi Noncontrolling Interest Increase From Long Term Incentive Plan Units
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CY2020Q1 us-gaap Dividends Share Based Compensation
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CY2020Q1 us-gaap Dividends Common Stock Cash
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CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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ProfitLoss
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CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Use of Estimates</div> <div><br/></div> <div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-size: 10pt; font-family: 'Times New Roman';">The preparation of financial statements in conformity with GAAP requires management to make a number of significant estimates and assumptions. These include estimates of: the fair value of mortgage servicing rights (“MSRs” or “Servicing Related Assets”); residential mortgage-backed securities (“RMBS” or “securities”) and derivatives; credit losses and other estimates that affect the reported amounts of certain assets, revenues, liabilities and expenses as of the date of, and for the periods covered by, the consolidated financial statements. It is likely that changes in these estimates will occur in the near term. The Company’s estimates are inherently subjective. Actual results could differ from the Company’s estimates, and the differences may be material.</span></div>
CY2021Q1 chmi Percentage Of Active Forbearance Loan Borrowers
PercentageOfActiveForbearanceLoanBorrowers
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CY2021Q1 chmi Percentage Of Active Forbearance Loan Borrowers Paying In Monthly Payment
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<div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Derivatives and Hedging Activities</div> <div><br/></div> <div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">Derivative transactions include swaps, swaptions, Treasury futures and “to-be-announced” securities (“TBAs”). Swaps and swaptions are entered into by the Company solely for interest rate risk management purposes. TBAs and Treasury futures are used to manage duration risk as well as basis risk and pricing risk on the Company’s financing facilities for MSRs. The decision as to whether or not a given transaction/position (or portion thereof) is economically hedged is made on a case-by-case basis, based on the risks involved and other factors as determined by senior management, including restrictions imposed by the Code on REITs. In determining whether to economically hedge a risk, the Company may consider whether other assets, liabilities, firm commitments and anticipated transactions already offset or reduce the risk. All transactions undertaken as economic hedges are entered into with a view towards minimizing the potential for economic losses that could be incurred by the Company. Generally, derivatives entered into are not intended to qualify as hedges under GAAP, unless specifically stated otherwise.</div> <div><br/></div> <div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">The Company’s bi-lateral derivative financial instruments contain credit risk to the extent that its counterparties may be unable to meet the terms of the agreements. The Company reduces such risk by limiting its exposure to any one counterparty. In addition, the potential risk of loss with any one party resulting from this type of credit risk is monitored. The Company’s interest rate swaps and Treasury futures are required to be cleared on an exchange, which further mitigates, but does not eliminate, credit risk. Management does not expect any material losses as a result of default by other parties to its derivative financial instruments.</div> <div><br/></div> <div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-size: 10pt; font-family: 'Times New Roman';"><span style="text-decoration: underline;">Classification</span></span> – All derivatives are recognized as either assets or liabilities on the consolidated balance sheets and measured at fair value. Due to the nature of these instruments, they may be in a receivable/asset position or a payable/liability position at the end of an accounting period. Derivative amounts payable to, and receivable from, the same party under a contract may be offset as long as the following conditions are met: (i) each of the two parties owes the other determinable amounts; (ii) the reporting party has the right to offset the amount owed with the amount owed by the other party; (iii) the reporting party intends to offset; and (iv) the right to offset is enforceable by law. The Company reports the fair value of derivative instruments gross of cash paid or received pursuant to credit support agreements, and fair value may be reflected on a net counterparty basis when the Company believes a legal right of offset exists under an enforceable master netting agreement. For further discussion on offsetting assets and liabilities, see Note 8.</div> <div><br/></div> <div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;"><span style="font-size: 10pt; font-family: 'Times New Roman';"><span style="text-decoration: underline;">Revenue Recognition</span></span> – <span style="font-size: 10pt; font-family: 'Times New Roman';">With respect to derivatives that have not been designated as hedges, any payments under, or fluctuations in the fair value of, such derivatives have been recognized currently in “Realized gain (loss) on derivatives, net” and “Unrealized gain (loss) on derivatives, net” in the consolidated statements of income (loss). Net interest income (cost) on interest rate swaps is included in “Interest expense” in the consolidated statements of income (loss)</span>.</div>
CY2021Q1 chmi Variation Margin
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CY2020Q4 chmi Variation Margin
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CY2021Q1 us-gaap Revenue Recognition Dividends
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<div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Dividends Payable</div> <div><br/></div> <div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">Because the Company is organized as a REIT under the Code, it is required by law to distribute annually at least 90% of its REIT taxable income, which it does in the form of quarterly dividend payments. The Company accrues the dividend payable on outstanding shares, excluding treasury shares, on the accounting date, which causes an offsetting reduction in retained earnings.</div>
CY2021Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Changes in Presentation</div> <div><br/></div> <div style="text-align: left; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">Certain prior period amounts have been reclassified to confirm to current period presentation.</div>
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CY2020Q2 chmi Mortgage Servicing Right
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us-gaap Unrealized Gain Loss On Investments
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CY2020Q1 chmi Gain Loss On Loans Repurchased
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CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
16506000
CY2021Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
2264000
CY2021Q1 us-gaap Derivative Assets
DerivativeAssets
14242000
CY2021Q1 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
11926000
CY2021Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
2316000
CY2021Q1 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
0
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
944339000
CY2021Q1 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
2264000
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
942075000
CY2021Q1 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
901673000
CY2021Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
40402000
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
18581000
CY2021Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0
CY2020Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0
CY2020Q4 chmi Obligations To Sell
ObligationsToSell
0
CY2020Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
2611000
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
15970000
CY2020Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
14001000
CY2020Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
1969000
CY2020Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
0
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1158467000
CY2020Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
2611000
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
1155856000
CY2020Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
1111499000
CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
44357000
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0
CY2021Q1 chmi Percentage Of Gross Equity Paid To Manager As Annual Management Fee
PercentageOfGrossEquityPaidToManagerAsAnnualManagementFee
0.015
CY2021Q1 us-gaap Purchase Obligation
PurchaseObligation
0
CY2021Q1 chmi Obligations To Sell
ObligationsToSell
0
CY2020Q4 us-gaap Purchase Obligation
PurchaseObligation
0
CY2021Q1 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
934000000.0
CY2020Q4 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
1100000000
CY2021Q1 chmi Repurchase Agreements Maturity Period
RepurchaseAgreementsMaturityPeriod
P28D
CY2020 chmi Repurchase Agreements Maturity Period
RepurchaseAgreementsMaturityPeriod
P28D
CY2021Q1 chmi Repurchase Agreement Obligation Less Than One Month Maturities
RepurchaseAgreementObligationLessThanOneMonthMaturities
594093000
CY2021Q1 chmi Repurchase Agreement Less Than One Month Weighted Average Rate
RepurchaseAgreementLessThanOneMonthWeightedAverageRate
0.0018
CY2021Q1 chmi Repurchase Agreement Obligation One To Three Months Maturities
RepurchaseAgreementObligationOneToThreeMonthsMaturities
339908000
CY2021Q1 chmi Repurchase Agreement One To Three Months Weighted Average Rate
RepurchaseAgreementOneToThreeMonthsWeightedAverageRate
0.0014
CY2021Q1 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
934001000
CY2021Q1 chmi Repurchase Agreement Weighted Average Rate
RepurchaseAgreementWeightedAverageRate
0.0017
CY2020Q4 chmi Repurchase Agreement Obligation Less Than One Month Maturities
RepurchaseAgreementObligationLessThanOneMonthMaturities
482319000
CY2020Q4 chmi Repurchase Agreement Less Than One Month Weighted Average Rate
RepurchaseAgreementLessThanOneMonthWeightedAverageRate
0.0023
CY2020Q4 chmi Repurchase Agreement Obligation One To Three Months Maturities
RepurchaseAgreementObligationOneToThreeMonthsMaturities
667659000
CY2020Q4 chmi Repurchase Agreement One To Three Months Weighted Average Rate
RepurchaseAgreementOneToThreeMonthsWeightedAverageRate
0.0023
CY2020Q4 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
1149978000
CY2020Q4 chmi Repurchase Agreement Weighted Average Rate
RepurchaseAgreementWeightedAverageRate
0.0023
CY2020 chmi Number Of Overnight And Demand Securities
NumberOfOvernightAndDemandSecurities
0
CY2021Q1 chmi Number Of Overnight And Demand Securities
NumberOfOvernightAndDemandSecurities
0
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
117000000
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
117000000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
111500000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
111500000
CY2021Q1 chmi Servicing Advances
ServicingAdvances
18624000
CY2020Q4 chmi Servicing Advances
ServicingAdvances
18253000
CY2021Q1 us-gaap Interest Receivable
InterestReceivable
2599000
CY2020Q4 us-gaap Interest Receivable
InterestReceivable
3119000
CY2021Q1 us-gaap Deferred Income Taxes And Other Tax Receivable Current
DeferredIncomeTaxesAndOtherTaxReceivableCurrent
17932000
CY2020Q4 us-gaap Deferred Income Taxes And Other Tax Receivable Current
DeferredIncomeTaxesAndOtherTaxReceivableCurrent
21523000
CY2021Q1 chmi Repurchased Loans Held For Sale
RepurchasedLoansHeldForSale
244000
CY2020Q4 chmi Repurchased Loans Held For Sale
RepurchasedLoansHeldForSale
245000
CY2021Q1 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
4058000
CY2020Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
1495000
CY2021Q1 chmi Receivables And Other Assets
ReceivablesAndOtherAssets
43457000
CY2020Q4 chmi Receivables And Other Assets
ReceivablesAndOtherAssets
44635000
CY2021Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
738000
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1008000
CY2021Q1 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
3056000
CY2020Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2737000
CY2021Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
3794000
CY2020Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
3745000
CY2021Q1 chmi Percentage Of Taxable Income That Must Be Distributed To Qualify As Areit
PercentageOfTaxableIncomeThatMustBeDistributedToQualifyAsAREIT
0.90
CY2021Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
5185000
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-12808000
CY2021Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-128000
CY2020Q1 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
0
CY2021Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3240000
CY2020Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-11265000
CY2021Q1 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
351000
CY2020Q1 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-889000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3463000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-12154000
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
351000
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.013
CY2020Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-889000
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.014
CY2021Q1 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
2073000
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.084
CY2020Q1 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-1543000
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.025
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3463000
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.139
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-12154000
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.199
CY2021Q1 us-gaap Income Tax Receivable
IncomeTaxReceivable
128000
CY2020Q1 us-gaap Income Tax Receivable
IncomeTaxReceivable
0
CY2021Q1 us-gaap Income Tax Receivable
IncomeTaxReceivable
128000
CY2020Q1 us-gaap Income Tax Receivable
IncomeTaxReceivable
0
CY2021Q1 chmi Deferred Tax Asset Mortgage Servicing Rights
DeferredTaxAssetMortgageServicingRights
10946000
CY2020Q4 chmi Deferred Tax Asset Mortgage Servicing Rights
DeferredTaxAssetMortgageServicingRights
15176000
CY2021Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6986000
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6347000
CY2021Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
17932000
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
21523000

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