2014 Q3 Form 10-Q Financial Statement

#000119312514409353 Filed on November 12, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $5.240M $0.00
YoY Change
Cost Of Revenue $1.680M
YoY Change
Gross Profit $4.078M
YoY Change
Gross Profit Margin 77.82%
Selling, General & Admin $740.0K $40.00K
YoY Change 1750.0%
% of Gross Profit 18.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.263M $36.00K
YoY Change 3408.33%
Operating Profit $2.815M
YoY Change
Interest Expense $1.164M
YoY Change
% of Operating Profit 41.35%
Other Income/Expense, Net
YoY Change
Pretax Income $2.815M -$36.00K
YoY Change -7919.44%
Income Tax $1.000K $0.00
% Of Pretax Income 0.04%
Net Earnings $2.814M -$36.00K
YoY Change -7916.67%
Net Earnings / Revenue 53.7%
Basic Earnings Per Share $0.37 -$36.00
Diluted Earnings Per Share $0.37 -$36.00
COMMON SHARES
Basic Shares Outstanding 7.507M shares 1.000K shares
Diluted Shares Outstanding 7.510M shares 1.000K shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.50M $0.00
YoY Change
Cash & Equivalents $13.49M $1.000K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $3.800M
Other Receivables $0.00
Total Short-Term Assets $17.30M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $96.02M
YoY Change
Other Assets $6.300M
YoY Change
Total Long-Term Assets $478.4M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $17.30M
Total Long-Term Assets $478.4M
Total Assets $495.7M $14.83K
YoY Change 3343101.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $500.0K
YoY Change
Accrued Expenses $400.0K $100.0K
YoY Change 300.0%
Deferred Revenue
YoY Change
Short-Term Debt $329.2M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $333.9M $100.0K
YoY Change 333800.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.800M
YoY Change
Total Long-Term Liabilities $1.800M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $333.9M $100.0K
Total Long-Term Liabilities $1.800M $0.00
Total Liabilities $335.8M $146.1K
YoY Change 229680.68%
SHAREHOLDERS EQUITY
Retained Earnings $9.146M
YoY Change
Common Stock $75.00K $10.00
YoY Change 749900.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $159.4M -$131.3K
YoY Change
Total Liabilities & Shareholders Equity $495.7M $14.83K
YoY Change 3343101.13%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $2.814M -$36.00K
YoY Change -7916.67%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $5.000M $0.00
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$36.50M $0.00
YoY Change
Cash From Investing Activities -$36.50M $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 30.50M 0.000
YoY Change
NET CHANGE
Cash From Operating Activities 5.000M 0.000
Cash From Investing Activities -36.50M 0.000
Cash From Financing Activities 30.50M 0.000
Net Change In Cash -1.000M 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities $5.000M $0.00
Capital Expenditures
Free Cash Flow
YoY Change

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dei Document Type
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10-Q
dei Entity Registrant Name
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Cherry Hill Mortgage Investment Corporation
dei Trading Symbol
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CHMI
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2013-10-09
dei Entity Filer Category
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Non-accelerated Filer
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of financial statements in conformity with GAAP requires management to make a number of significant estimates and assumptions. These include estimates of fair value of residential mortgage-backed securities, including collateralized mortgage obligations (collectively, &#x201C;RMBS&#x201D;), Excess MSRs, derivatives and credit losses including the period of time during which the Company anticipates an increase in the fair values of securities sufficient to recover unrealized losses on those securities, and other estimates that affect the reported amounts of certain assets and liabilities and disclosure of contingent assets and liabilities as of the date of the interim consolidated financial statements and the reported amounts of certain revenues and expenses during the reporting period. It is likely that changes in these estimates (e.g., valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. The Company&#x2019;s estimates are inherently subjective in nature. Actual results could differ from the Company&#x2019;s estimates and differences may be material.</p> </div>
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us-gaap Derivatives Methods Of Accounting Hedging Derivatives
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Derivatives and Hedging Activities</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> Derivative transactions include swaps, swaptions and to-be-announced securities (&#x201C;TBAs&#x201D;). Swaps and swaptions are entered into by the Company solely for interest rate risk management purposes. TBAs are used for duration risk and basis risk management purposes. The decision of 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 as determined by management, including, among other factors, restrictions imposed by the Code. 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.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The Company&#x2019;s derivative financial instruments contain credit risk to the extent that its bank counterparties may be unable to meet the terms of the agreements. The Company reduces such risk by limiting its counterparties to major financial institutions and by clearing its derivatives through exchanges. In addition, the potential risk of loss with any one party resulting from this type of credit risk is monitored. Management does not expect any material losses as a result of default by other parties.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <u>Classification</u> &#x2013; All derivatives are recognized as either assets or liabilities on the consolidated balance sheet 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)&#xA0;each of the two parties owes the other determinable amounts; (ii)&#xA0;the reporting party has the right to offset the amount owed with the amount owed by the other party; (iii)&#xA0;the reporting party intends to offset; and (iv)&#xA0;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 is 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.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <u>Revenue Recognition</u> &#x2013; With respect to interest rate swaps, swaptions and TBAs that have not been designated as hedges, any net payments under, or fluctuations in the fair value of, such derivatives have been recognized currently in &#x201C;Realized and unrealized gains (losses) on derivatives, net&#x201D; in the consolidated statements of income. These derivatives may, to some extent, be economically effective as hedges.</p> </div>
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7504546 shares
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-4123000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
143000
us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
15275000
us-gaap Revenue Recognition Dividends
RevenueRecognitionDividends
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Dividends Payable</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> 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 the declaration date, which causes an offsetting reduction in retained earnings.</p> </div>
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
15275000
us-gaap Gross Profit
GrossProfit
6614000
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-1284000
us-gaap Gain Loss On Investments
GainLossOnInvestments
-5633000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1333000
us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
125280000
us-gaap Payments Of Dividends
PaymentsOfDividends
10959000
us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
1077000
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-115000
chmi Investment In Excess Mortgage Servicing Rights Weighted Average Maturity Period
InvestmentInExcessMortgageServicingRightsWeightedAverageMaturityPeriod
P27Y7M6D
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
6980000
us-gaap Interest Expense
InterestExpense
3117000
us-gaap Interest Paid
InterestPaid
2825000
us-gaap Interest Income Operating
InterestIncomeOperating
18392000
chmi Repayments For Securities Sold Under Agreements To Repurchase
RepaymentsForSecuritiesSoldUnderAgreementsToRepurchase
1183476000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
6980000
us-gaap Profit Loss
ProfitLoss
2893000
us-gaap Other Operating Income
OtherOperatingIncome
0
us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
-27000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-389000
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-7239000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3830000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9873000
us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
-226000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2866000
us-gaap Net Income Loss
NetIncomeLoss
2893000
us-gaap Investment Income Interest
InvestmentIncomeInterest
18392000
us-gaap Operating Expenses
OperatingExpenses
3721000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3111000
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
888000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
11415000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
53420000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
143000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-71845000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
3721000
us-gaap Management Fee Expense
ManagementFeeExpense
1598000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1843000
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-86000
us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
25877000
chmi Repurchase Agreement Less Than One Month Weighted Average Rate
RepurchaseAgreementLessThanOneMonthWeightedAverageRate
0.0034 pure
chmi Manager Termination Description
ManagerTerminationDescription
The Manager’s performance is reviewed annually and may be terminated by the Company for cause without payment of a termination fee, or may be terminated without cause with payment of a termination fee, as defined in the Management Agreement, equal to three times the average annual management fee amount earned by the Manager during the two four-quarter periods ending as of the end of the most recently completed fiscal quarter prior to the effective date of the termination, upon either the affirmative vote of at least two-thirds of the members of the board of directors or the affirmative vote of the holders of at least a majority of the outstanding common stock.
chmi Repurchase Agreements Maturity
RepurchaseAgreementsMaturity
P61D
chmi Initial Public Offering Cost Incurred By Manager
InitialPublicOfferingCostIncurredByManager
1900000
chmi Distribution Paid On Long Term Incentive Plan Units
DistributionPaidOnLongTermIncentivePlanUnits
69000
chmi Available For Sale Securities Bond Maturity Period
AvailableForSaleSecuritiesBondMaturityPeriod
P23Y
chmi Noncontrolling Interest Increase From Long Term Incentive Plan Units
NoncontrollingInterestIncreaseFromLongTermIncentivePlanUnits
219000
chmi Net Income Loss Available To Common Stockholders And Participating Securities
NetIncomeLossAvailableToCommonStockholdersAndParticipatingSecurities
2866000
chmi Percentage Of Gross Equity Paid To Manager As Annual Management Fee
PercentageOfGrossEquityPaidToManagerAsAnnualManagementFee
0.015 pure
chmi Management Agreement Renewal Period
ManagementAgreementRenewalPeriod
P1Y
chmi Loss On Sales Of Real Estate Mortgage Backed Securities
LossOnSalesOfRealEstateMortgageBackedSecurities
365000
chmi Change In Fair Value Of Investments In Excess Mortgage Servicing Rights
ChangeInFairValueOfInvestmentsInExcessMortgageServicingRights
-3028000
chmi Proceeds From Principal Paydown Of Agency Residential Mortgage Backed Security
ProceedsFromPrincipalPaydownOfAgencyResidentialMortgageBackedSecurity
16187000
chmi Repurchase Agreement Weighted Average Rate
RepurchaseAgreementWeightedAverageRate
0.0036 pure
chmi Shares Redemption Description
SharesRedemptionDescription
LTIP-OP Units, upon conversion to OP Units, may be redeemed for cash or, at the Company's option, shares of the Company's common stock on a one-for-one basis
chmi Repurchase Agreement Weighted Average Borrowing Rate
RepurchaseAgreementWeightedAverageBorrowingRate
0.0036 pure
chmi Gain On Sales Of Real Estate Mortgage Backed Securities
GainOnSalesOfRealEstateMortgageBackedSecurities
139000
chmi Reimbursement Of Expenses
ReimbursementOfExpenses
280000
chmi Percentage Of Offering Expense Cost
PercentageOfOfferingExpenseCost
0.00375 pure
chmi Unrealized Gain Loss On Excess Of Mortgage Servicing Rights
UnrealizedGainLossOnExcessOfMortgageServicingRights
-3028000
chmi Minimum Percentage Of Reit Taxable Income Required For Distribution Identified Under Condition
MinimumPercentageOfReitTaxableIncomeRequiredForDistributionIdentifiedUnderCondition
0.90 pure
chmi Repurchase Agreement One To Three Months Weighted Average Rate
RepurchaseAgreementOneToThreeMonthsWeightedAverageRate
0.0037 pure
chmi Short Term Debt Maturity Period
ShortTermDebtMaturityPeriod
P1Y
chmi Payments To Acquire Investments In Excess Of Mortgage Servicing Rights
PaymentsToAcquireInvestmentsInExcessOfMortgageServicingRights
2181000
chmi Repurchase Agreement Greater Than Three Months Weighted Average Rate
RepurchaseAgreementGreaterThanThreeMonthsWeightedAverageRate
0.0038 pure
chmi Payments For Deposits Under Repurchase Agreements
PaymentsForDepositsUnderRepurchaseAgreements
2555000
chmi Payments For Borrowings Of Securities Sold Under Agreements To Repurchase
PaymentsForBorrowingsOfSecuritiesSoldUnderAgreementsToRepurchase
1251413000
chmi Taxable Period Disqualified As Reit
TaxablePeriodDisqualifiedAsReit
P4Y
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-36.00
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1000 shares
chmi Long Term Incentive Plan Units Awards
LongTermIncentivePlanUnitsAwards
219000
chmi Available For Sale Securities Net Weighted Average Coupon Rate
AvailableForSaleSecuritiesNetWeightedAverageCouponRate
0.0384 pure
CY2013 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1000
chmi Long Term Incentive Plan Distributions Paid
LongTermIncentivePlanDistributionsPaid
69000
chmi Other Noninterest Income
OtherNoninterestIncome
8661000
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3375000
CY2013 chmi Available For Sale Securities Net Weighted Average Coupon Rate
AvailableForSaleSecuritiesNetWeightedAverageCouponRate
0.0377 pure
chmi Management Fee And Expense Reimbursement To Affiliate
ManagementFeeAndExpenseReimbursementToAffiliate
1878000
chmi Number Of Available For Sale Securities
NumberOfAvailableForSaleSecurities
47 Security
chmi Proceeds Of Principal In Excess Of Mortgage Servicing Rights
ProceedsOfPrincipalInExcessOfMortgageServicingRights
13437000
chmi Repurchase Agreement Weighted Average Borrowing Rate Net Of Interest Rate Swap Effect
RepurchaseAgreementWeightedAverageBorrowingRateNetOfInterestRateSwapEffect
0.0039 pure
CY2013Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
7500000 shares
CY2013Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
148100000
CY2013 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
148153000
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-5033000
CY2013 us-gaap Net Income Loss
NetIncomeLoss
21202000
CY2013 chmi Repurchase Agreement Less Than One Month Weighted Average Rate
RepurchaseAgreementLessThanOneMonthWeightedAverageRate
0.0039 pure
CY2013 chmi Repurchase Agreements Maturity
RepurchaseAgreementsMaturity
P29D
CY2013 chmi Available For Sale Securities Bond Maturity Period
AvailableForSaleSecuritiesBondMaturityPeriod
P24Y
CY2013 chmi Noncontrolling Interest Increase From Long Term Incentive Plan Units
NoncontrollingInterestIncreaseFromLongTermIncentivePlanUnits
200000
CY2013 chmi Investment In Excess Mortgage Servicing Rights Weighted Average Maturity Period
InvestmentInExcessMortgageServicingRightsWeightedAverageMaturityPeriod
P28Y1M6D
CY2013 chmi Repurchase Agreement Weighted Average Rate
RepurchaseAgreementWeightedAverageRate
0.0039 pure
CY2013 chmi Repurchase Agreement Weighted Average Borrowing Rate
RepurchaseAgreementWeightedAverageBorrowingRate
0.0036 pure
CY2013 chmi Repurchase Agreement One To Three Months Weighted Average Rate
RepurchaseAgreementOneToThreeMonthsWeightedAverageRate
0.0040 pure
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-36.00
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2788000
CY2013 chmi Number Of Available For Sale Securities
NumberOfAvailableForSaleSecurities
29 Security
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
36000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
2814000
CY2014Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
6244000
CY2014Q3 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
48000
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1000 shares
CY2013Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
CY2013Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
CY2013Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
CY2013Q3 us-gaap Profit Loss
ProfitLoss
-36000
CY2013Q3 us-gaap Other Operating Income
OtherOperatingIncome
0
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-36000
CY2013Q3 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-36000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
-36000
CY2013Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
36000
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
36000
CY2013Q3 chmi Net Income Loss Available To Common Stockholders And Participating Securities
NetIncomeLossAvailableToCommonStockholdersAndParticipatingSecurities
-36000
CY2013Q3 chmi Gain On Sales Of Real Estate Mortgage Backed Securities
GainOnSalesOfRealEstateMortgageBackedSecurities
CY2013Q3 chmi Loss On Sales Of Real Estate Mortgage Backed Securities
LossOnSalesOfRealEstateMortgageBackedSecurities
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7509543 shares
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7506560 shares
CY2014Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2025000
CY2014Q3 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
5080000
CY2014Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5080000
CY2014Q3 us-gaap Gross Profit
GrossProfit
4078000
CY2014Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-1025000
CY2014Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
1048000
CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1970000
CY2014Q3 us-gaap Profit Loss
ProfitLoss
2814000
CY2014Q3 us-gaap Other Operating Income
OtherOperatingIncome
0
CY2014Q3 us-gaap Net Income Loss Allocated To General Partners
NetIncomeLossAllocatedToGeneralPartners
-26000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
844000
CY2014Q3 us-gaap Interest Income Operating
InterestIncomeOperating
6244000
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1970000
CY2014Q3 us-gaap Interest Expense
InterestExpense
1164000
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
1264000
CY2014Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1264000
CY2014Q3 us-gaap Management Fee Expense
ManagementFeeExpense
390000
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
744000
CY2014Q3 chmi Net Income Loss Available To Common Stockholders And Participating Securities
NetIncomeLossAvailableToCommonStockholdersAndParticipatingSecurities
2788000
CY2014Q3 chmi Gain On Sales Of Real Estate Mortgage Backed Securities
GainOnSalesOfRealEstateMortgageBackedSecurities
64000
CY2014Q3 chmi Reimbursement Of Expenses
ReimbursementOfExpenses
130000
CY2014Q3 chmi Unrealized Gain Loss On Excess Of Mortgage Servicing Rights
UnrealizedGainLossOnExcessOfMortgageServicingRights
-2050000
CY2014Q3 chmi Loss On Sales Of Real Estate Mortgage Backed Securities
LossOnSalesOfRealEstateMortgageBackedSecurities
16000
CY2014Q3 chmi Management Fee And Expense Reimbursement To Affiliate
ManagementFeeAndExpenseReimbursementToAffiliate
520000
CY2014Q3 chmi Other Noninterest Income
OtherNoninterestIncome
1002000

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