2015 Q3 Form 10-Q Financial Statement

#000119312515284952 Filed on August 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q4
Revenue -$1.990M $2.000K $2.400M
YoY Change -137.98% -99.88% -89.74%
Cost Of Revenue $2.700M $94.00K $1.870M
YoY Change 60.71% -94.44% 35.51%
Gross Profit -$4.690M $12.56M $1.209M
YoY Change -215.01% 1786.19% -94.63%
Gross Profit Margin 628100.0% 50.38%
Selling, General & Admin $620.0K $630.0K $1.190M
YoY Change -16.22% -1.56% 67.61%
% of Gross Profit 5.02% 98.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $620.0K $1.324M $1.873M
YoY Change -50.91% 0.3% 52.9%
Operating Profit -$5.310M $11.24M -$664.0K
YoY Change -288.63% -1818.35% -103.12%
Interest Expense $1.346M $1.190M
YoY Change 33.8% 37.25%
% of Operating Profit 11.98%
Other Income/Expense, Net
YoY Change
Pretax Income -$5.310M $11.24M -$664.0K
YoY Change -288.63% -1818.35% -103.12%
Income Tax -$140.0K -$70.00K -$146.0K
% Of Pretax Income -0.62%
Net Earnings -$5.120M $11.21M -$518.0K
YoY Change -281.95% -1818.56% -102.43%
Net Earnings / Revenue 560250.0% -21.58%
Basic Earnings Per Share $1.49 -$0.07
Diluted Earnings Per Share -$665.8K $1.49 -$0.07
COMMON SHARES
Basic Shares Outstanding 7.510M shares 7.510M shares 7.509M shares
Diluted Shares Outstanding 7.510M shares 7.510M shares

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.70M $15.10M $12.40M
YoY Change -5.93% 4.14% 19.23%
Cash & Equivalents $12.70M $15.11M $12.45M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $8.600M $11.90M $4.900M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $21.30M $27.00M $17.30M
YoY Change 23.12% 47.54% -20.64%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $665.6M $525.6M $91.32M
YoY Change 593.17% 413.17% -17.21%
Other Assets $15.10M $11.10M $6.900M
YoY Change 139.68% 117.65% 86.49%
Total Long-Term Assets $680.9M $537.0M $514.6M
YoY Change 42.34% 20.59% 26.88%
TOTAL ASSETS
Total Short-Term Assets $21.30M $27.00M $17.30M
Total Long-Term Assets $680.9M $537.0M $514.6M
Total Assets $702.2M $564.0M $531.9M
YoY Change 41.67% 21.66% 24.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $800.0K $900.0K $800.0K
YoY Change 60.0% 12.5% 33.33%
Accrued Expenses $1.600M $2.400M $800.0K
YoY Change 300.0% 1100.0% 100.0%
Deferred Revenue
YoY Change
Short-Term Debt $508.1M $384.4M $362.1M
YoY Change 54.34% 30.88% 38.58%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $514.2M $391.4M $367.5M
YoY Change 54.0% 31.12% 38.31%
LONG-TERM LIABILITIES
Long-Term Debt $26.00M $10.70M $0.00
YoY Change
Other Long-Term Liabilities $9.500M $3.800M $4.100M
YoY Change 427.78% 72.73% 583.33%
Total Long-Term Liabilities $35.50M $14.50M $4.100M
YoY Change 1872.22% 559.09% 583.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $514.2M $391.4M $367.5M
Total Long-Term Liabilities $35.50M $14.50M $4.100M
Total Liabilities $550.5M $405.9M $371.6M
YoY Change 63.94% 34.91% 39.56%
SHAREHOLDERS EQUITY
Retained Earnings $6.081M $4.799M
YoY Change -40.31% -72.88%
Common Stock $148.3M $148.3M
YoY Change 197677.33% 197677.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $151.7M $157.4M $159.8M
YoY Change
Total Liabilities & Shareholders Equity $702.2M $564.0M $531.9M
YoY Change 41.67% 21.66% 24.46%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q4
OPERATING ACTIVITIES
Net Income -$5.120M $11.21M -$518.0K
YoY Change -281.95% -1818.56% -102.43%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $10.50M $1.900M $5.000M
YoY Change 110.0% -44.12% -194.34%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$144.3M -$13.10M -$34.40M
YoY Change 295.34% -33.5% -91.18%
Cash From Investing Activities -$144.3M -$13.10M -$34.40M
YoY Change 295.34% -33.5% -91.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 131.4M 12.50M 28.40M
YoY Change 330.82% -30.56% -93.0%
NET CHANGE
Cash From Operating Activities 10.50M 1.900M 5.000M
Cash From Investing Activities -144.3M -13.10M -34.40M
Cash From Financing Activities 131.4M 12.50M 28.40M
Net Change In Cash -2.400M 1.300M -1.000M
YoY Change 140.0% -23.53% -109.62%
FREE CASH FLOW
Cash From Operating Activities $10.50M $1.900M $5.000M
Capital Expenditures
Free Cash Flow
YoY Change

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us-gaap Profit Loss
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Gross Profit
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us-gaap Unrealized Gain Loss On Derivatives
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us-gaap Income Tax Expense Benefit
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chmi Repayments For Securities Sold Under Agreements To Repurchase
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chmi Proceeds Of Principal In Excess Of Mortgage Servicing Rights
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chmi Noncontrolling Interest Increase From Long Term Incentive Plan Units
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chmi Distribution Paid On Long Term Incentive Plan Units
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chmi Payments To Acquire Investments In Excess Of Mortgage Servicing Rights
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chmi Net Income Loss Available To Common Stockholders And Participating Securities
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79000
chmi Management Fee And Expense Reimbursement To Affiliate
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chmi Proceeds From Principal Paydown Of Agency Residential Mortgage Backed Security
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chmi Long Term Incentive Plan Distributions Paid
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chmi Unrealized Gain Loss On Excess Of Mortgage Servicing Rights
UnrealizedGainLossOnExcessOfMortgageServicingRights
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chmi Reimbursement Of Expenses
ReimbursementOfExpenses
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chmi Change In Fair Value Of Investments In Excess Mortgage Servicing Rights
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349000
chmi Gain On Sales Of Real Estate Mortgage Backed Securities
GainOnSalesOfRealEstateMortgageBackedSecurities
75000
chmi Proceeds From Borrowings Of Securities Sold Under Agreements To Repurchase
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chmi Other Noninterest Income Expense
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Q2
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us-gaap Debt Instrument Description Of Variable Rate Basis
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Borrowings under repurchase agreements generally bear interest rates of a specified margin over one-month LIBOR and are generally uncommitted.
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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dei Amendment Flag
AmendmentFlag
false
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001571776
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
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, Treasury futures and &#x201C;to-be-announced&#x201D; securities (&#x201C;TBAs&#x201D;). Swaps and swaptions are entered into by the Company solely for interest rate risk management purposes. TBAs and treasury futures 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 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.</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. In addition, the potential risk of loss with any one party resulting from this type of credit risk is monitored. Finally, the Company&#x2019;s interest rate swaps 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.</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 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.</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 derivatives 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>
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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us-gaap Revenue Recognition Dividends
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<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 accounting date, which causes an offsetting reduction in retained earnings.</p> </div>
us-gaap Operations Commenced Date1
OperationsCommencedDate1
2013-10-09
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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us-gaap Common Stock Dividends Per Share Declared
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Registrant Name
EntityRegistrantName
Cherry Hill Mortgage Investment Corporation
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.17
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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dei Document Period End Date
DocumentPeriodEndDate
2015-06-30
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192000
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8793000
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InterestPaid
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us-gaap Profit Loss
ProfitLoss
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us-gaap Payments Of Dividends
PaymentsOfDividends
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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us-gaap Use Of Estimates
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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 Excess MSRs and MSRs (collectively, &#x201C;Servicing Related Assets&#x201D;), RMBS, 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>
dei Trading Symbol
TradingSymbol
CHMI
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InterestRevenueExpenseNet
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us-gaap Sales Revenue Services Net
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60000
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0
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us-gaap Current Federal Tax Expense Benefit
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chmi Minimum Percentage Of Reit Taxable Income Required For Distribution Identified Under Condition
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chmi Proceeds Of Principal In Excess Of Mortgage Servicing Rights
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chmi Percentage Of Annual Real Estate Investment Trust Taxable Income Distribute To Stockholders
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1.00 pure
chmi Noncontrolling Interest Increase From Long Term Incentive Plan Units
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204000
chmi Reimbursement Of Expenses
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chmi Management Agreement Renewal Period
ManagementAgreementRenewalPeriod
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chmi Distribution Paid On Long Term Incentive Plan Units
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chmi Net Income Loss Available To Common Stockholders And Participating Securities
NetIncomeLossAvailableToCommonStockholdersAndParticipatingSecurities
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chmi Percentage Of Gross Equity Paid To Manager As Annual Management Fee
PercentageOfGrossEquityPaidToManagerAsAnnualManagementFee
0.015 pure
chmi Shares Redemption Description
SharesRedemptionDescription
One share of the Company's common stock, or cash equal to the fair value of a share of the Company's common stock at the time of redemption, for each LTIP-OP Unit
chmi Short Term Debt Maturity Period
ShortTermDebtMaturityPeriod
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chmi Minimum Percentage Of Net Taxable Income Required For Distribution Identified Under Condition
MinimumPercentageOfNetTaxableIncomeRequiredForDistributionIdentifiedUnderCondition
0.90 pure
chmi Management Fee And Expense Reimbursement To Affiliate
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chmi Proceeds From Principal Paydown Of Agency Residential Mortgage Backed Security
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19575000
chmi Long Term Incentive Plan Distributions Paid
LongTermIncentivePlanDistributionsPaid
70000
chmi Number Of Available For Sale Securities
NumberOfAvailableForSaleSecurities
60 Security
chmi Unrealized Gain Loss On Excess Of Mortgage Servicing Rights
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2065000
chmi Effective Income Tax Rate Reconciliation Pretaxable Income Federal Tax Rate Differential
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0.00 pure
chmi Change In Fair Value Of Investments In Excess Mortgage Servicing Rights
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chmi Loss On Sales Of Real Estate Mortgage Backed Securities
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131000
chmi Gain On Sales Of Real Estate Mortgage Backed Securities
GainOnSalesOfRealEstateMortgageBackedSecurities
323000
chmi Taxable Period Disqualified As Reit
TaxablePeriodDisqualifiedAsReit
P4Y
chmi Available For Sale Securities Net Weighted Average Coupon Rate
AvailableForSaleSecuritiesNetWeightedAverageCouponRate
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chmi Proceeds From Borrowings Of Securities Sold Under Agreements To Repurchase
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761630000
chmi Other Noninterest Income Expense
OtherNoninterestIncomeExpense
1468000
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 Equity Issuance Date1
EquityIssuanceDate1
2013-10-09
chmi Unrealized Gain Loss On Investments In Mortgage Servicing Rights
UnrealizedGainLossOnInvestmentsInMortgageServicingRights
38000
chmi Investment In Servicing Related Assets Weighted Average Maturity Period
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P26Y10M24D
CY2014 chmi Available For Sale Securities Bond Maturity Period
AvailableForSaleSecuritiesBondMaturityPeriod
P23Y
CY2014 chmi Number Of Available For Sale Securities
NumberOfAvailableForSaleSecurities
54 Security
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AvailableForSaleSecuritiesNetWeightedAverageCouponRate
0.0385 pure
CY2014 chmi Investment In Servicing Related Assets Weighted Average Maturity Period
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P27Y4M24D
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EarningsPerShareDiluted
-0.09
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WeightedAverageNumberOfDilutedSharesOutstanding
7509543 shares
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WeightedAverageNumberOfSharesOutstandingBasic
7504572 shares
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
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6137000
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InterestRevenueExpenseNet
5131000
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NetIncomeLoss
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75000
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NetIncomeLossAvailableToCommonStockholdersBasic
-652000
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GainLossOnInvestments
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CY2014Q2 us-gaap Profit Loss
ProfitLoss
-655000
CY2014Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5131000
CY2014Q2 us-gaap Gross Profit
GrossProfit
666000
CY2014Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-187000
CY2014Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-2705000
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5595000
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
5670000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
4878000
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-654000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
4940000
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1000
CY2014Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
75000
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
1320000
CY2014Q2 us-gaap Interest Expense
InterestExpense
1006000
CY2014Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
62000
CY2014Q2 us-gaap Certain Loans Acquired In Transfer Accounted For As Heldtomaturity Debt Securities Otherthan Temporary Impairment Charges Credit Loss
CertainLoansAcquiredInTransferAccountedForAsHeldtomaturityDebtSecuritiesOtherthanTemporaryImpairmentChargesCreditLoss
0
CY2014Q2 us-gaap Management Fee Expense
ManagementFeeExpense
604000
CY2014Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
641000
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3000
CY2014Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1320000
CY2015Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-52000
CY2014Q2 chmi Net Income Loss Available To Common Stockholders And Participating Securities
NetIncomeLossAvailableToCommonStockholdersAndParticipatingSecurities
-655000
CY2014Q2 chmi Management Fee And Expense Reimbursement To Affiliate
ManagementFeeAndExpenseReimbursementToAffiliate
679000
CY2014Q2 chmi Unrealized Gain Loss On Excess Of Mortgage Servicing Rights
UnrealizedGainLossOnExcessOfMortgageServicingRights
-1648000
CY2014Q2 chmi Reimbursement Of Expenses
ReimbursementOfExpenses
75000
CY2014Q2 chmi Gain On Sales Of Real Estate Mortgage Backed Securities
GainOnSalesOfRealEstateMortgageBackedSecurities
75000
CY2014Q2 chmi Other Noninterest Income Expense
OtherNoninterestIncomeExpense
-4465000
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.49
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7509543 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7509543 shares
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.49
CY2015Q2 us-gaap Interest Income Operating
InterestIncomeOperating
6199000
CY2015Q2 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
4853000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
11205000
CY2015Q2 us-gaap Gain Loss On Sales Of Mortgage Backed Securities Mbs
GainLossOnSalesOfMortgageBackedSecuritiesMBS
-115000
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11205000
CY2015Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
2668000
CY2015Q2 us-gaap Profit Loss
ProfitLoss
11308000
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4853000
CY2015Q2 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
2000
CY2015Q2 us-gaap Gross Profit
GrossProfit
12562000
CY2015Q2 us-gaap Servicing Fees
ServicingFees
156000
CY2015Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2835000
CY2015Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-6165000
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-6280000
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5096000
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11238000
CY2015Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
5143000
CY2015Q2 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
174000
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-70000
CY2015Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-115000
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
1324000
CY2015Q2 us-gaap Interest Expense
InterestExpense
1346000
CY2015Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
47000
CY2015Q2 us-gaap Cost Of Services
CostOfServices
94000
CY2015Q2 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
60000
CY2015Q2 us-gaap Certain Loans Acquired In Transfer Accounted For As Heldtomaturity Debt Securities Otherthan Temporary Impairment Charges Credit Loss
CertainLoansAcquiredInTransferAccountedForAsHeldtomaturityDebtSecuritiesOtherthanTemporaryImpairmentChargesCreditLoss
0
CY2015Q2 us-gaap Management Fee Expense
ManagementFeeExpense
560000
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
634000
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
103000
CY2015Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1324000
CY2015Q2 chmi Net Income Loss Available To Common Stockholders And Participating Securities
NetIncomeLossAvailableToCommonStockholdersAndParticipatingSecurities
11308000
CY2015Q2 chmi Management Fee And Expense Reimbursement To Affiliate
ManagementFeeAndExpenseReimbursementToAffiliate
690000
CY2015Q2 chmi Unrealized Gain Loss On Excess Of Mortgage Servicing Rights
UnrealizedGainLossOnExcessOfMortgageServicingRights
4827000
CY2015Q2 chmi Reimbursement Of Expenses
ReimbursementOfExpenses
130000
CY2015Q2 chmi Loss On Sales Of Real Estate Mortgage Backed Securities
LossOnSalesOfRealEstateMortgageBackedSecurities
131000
CY2015Q2 chmi Gain On Sales Of Real Estate Mortgage Backed Securities
GainOnSalesOfRealEstateMortgageBackedSecurities
16000
CY2015Q2 chmi Other Noninterest Income Expense
OtherNoninterestIncomeExpense
7707000
CY2015Q2 chmi Unrealized Gain Loss On Investments In Mortgage Servicing Rights
UnrealizedGainLossOnInvestmentsInMortgageServicingRights
38000

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