$EARN
Ellington Credit Co

2012 Q4 Form 10-K Financial Statement

#000156067214000009 Filed on March 21, 2014

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3
Revenue $240.0K
YoY Change
Cost Of Revenue $240.0K
YoY Change
Gross Profit $0.00
YoY Change
Gross Profit Margin 0.0%
Selling, General & Admin $590.0K
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $854.0K $8.000K
YoY Change
Operating Profit -$854.0K
YoY Change
Interest Expense $90.00K
YoY Change
% of Operating Profit
Other Income/Expense, Net $45.00K $0.00
YoY Change
Pretax Income -$530.0K
YoY Change
Income Tax $0.00
% Of Pretax Income
Net Earnings -$528.0K -$8.000K
YoY Change
Net Earnings / Revenue -220.0%
Basic Earnings Per Share -$0.32 -$0.01
Diluted Earnings Per Share -$313.6K
COMMON SHARES
Basic Shares Outstanding 1.575M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.20M $29.50M
YoY Change
Cash & Equivalents $18.16M $0.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $18.20M $29.50M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $13.60M $5.100M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $13.96M $5.100M
YoY Change
TOTAL ASSETS
Total Short-Term Assets $18.20M $29.50M
Total Long-Term Assets $13.96M $5.100M
Total Assets $32.16M $34.60M
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $3.100M
YoY Change
Accrued Expenses $1.100M $0.00
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.200M $3.100M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.200M $3.100M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.192M $3.100M
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$1.726M
YoY Change
Common Stock $16.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.96M $0.00
YoY Change
Total Liabilities & Shareholders Equity $32.16M $34.60M
YoY Change

Cashflow Statement

Concept 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income -$528.0K -$8.000K
YoY Change
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $60.00K -$1.000K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$11.36M -$2.030M
YoY Change
Cash From Investing Activities -$11.36M -$2.034M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid $0.00
YoY Change
Common Stock Issuance & Retirement, Net $31.50M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 $31.50M
YoY Change
NET CHANGE
Cash From Operating Activities 60.00K -$1.000K
Cash From Investing Activities -11.36M -$2.034M
Cash From Financing Activities 0.000 $31.50M
Net Change In Cash -11.30M $29.47M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $60.00K -$1.000K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2013Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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us-gaap Payments Of Stock Issuance Costs
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CY2013 us-gaap Increase Decrease In Accrued Liabilities
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us-gaap Increase Decrease In Accrued Liabilities
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CY2013Q4 us-gaap Interest Income Expense Net
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CY2013 us-gaap Interest Income Operating
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us-gaap Interest Income Operating
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us-gaap Interest Paid
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us-gaap Professional Fees
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CY2013 us-gaap Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1
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CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2013 us-gaap Revenue Recognition Interest
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest Income: </font><font style="font-family:inherit;font-size:10pt;">The Company accretes market discounts and amortizes market premiums on debt securities using the effective yield method. Accretion of market discount and amortization of market premiums requires the use of a significant amount of judgment and the application of several assumptions including, but not limited to, prepayment assumptions and default rate assumptions, which are re-evaluated not less than quarterly and require the use of a significant amount of judgment. Principal write-offs are generally treated as realized losses. The Company's accretion of discounts and amortization of premiums for U.S. federal and other tax purposes is likely to differ from the financial accounting treatment of these items as described above.</font></div></div>
CY2013 us-gaap Schedule Of Repurchase Agreements
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table details the Company's outstanding borrowings under repurchase agreements as of December 31, 2013:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="10" rowspan="1"></td></tr><tr><td width="52%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="13%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="14%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="15%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="4" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted Average</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Remaining Days to Maturity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Borrowings Outstanding</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Interest Rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Remaining Days to Maturity</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30 days or less</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">338,700</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.35</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31-60 days</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">531,799</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.39</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61-90 days</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">326,386</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.38</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">91-120 days</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109,476</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.45</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">121-150 days</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,986</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.56</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">136</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,310,347</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.38</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">49</font></div></td></tr></table></div></div></div>
CY2013Q4 us-gaap Securities Held As Collateral At Fair Value
SecuritiesHeldAsCollateralAtFairValue
500000 USD
CY2013Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
1310347000 USD
CY2012Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
0 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
46000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
CY2013Q2 us-gaap Stock Dividends Shares
StockDividendsShares
58378 shares
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
150000000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
31500000 USD
CY2013 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
0 USD
CY2013Q3 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
10000000 USD
CY2013 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
0 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
30964000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
167180000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
0 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 USD
CY2013 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
33894000 USD
us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
106000 USD
CY2013 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
-26146000 USD
CY2012Q3 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
0 USD
CY2012Q4 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
106000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1633378 shares
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6566656 shares
CY2013Q4 earn Annual Base Management Fee Percent
AnnualBaseManagementFeePercent
0.015
CY2013 earn Borrowingsunderrepurchaseagreements
Borrowingsunderrepurchaseagreements
6516450000 USD
earn Borrowingsunderrepurchaseagreements
Borrowingsunderrepurchaseagreements
0 USD
CY2013Q1 earn Changeinnetunrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
155000 USD
CY2013Q2 earn Changeinnetunrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
-17498000 USD
CY2013Q4 earn Changeinnetunrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
7024000 USD
CY2013Q3 earn Changeinnetunrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
18067000 USD
CY2013 earn Coupon Income
CouponIncome
31689000 USD
CY2013Q4 earn Duefrom Brokers
DuefromBrokers
18347000 USD
CY2012Q4 earn Duefrom Brokers
DuefromBrokers
0 USD
earn Coupon Income
CouponIncome
125000 USD
CY2013Q2 earn Dividendpershare
Dividendpershare
20.38
CY2013Q4 earn Interestexpensegross
Interestexpensegross
1283000 USD
CY2013Q4 earn Duetobrokers
Duetobrokers
22788000 USD
CY2012Q4 earn Duetobrokers
Duetobrokers
0 USD
CY2013 earn Fair Value Level1 To Level2 To Level3 Transfers Amount
FairValueLevel1ToLevel2ToLevel3TransfersAmount
0 USD
earn Fair Value Level1 To Level2 To Level3 Transfers Amount
FairValueLevel1ToLevel2ToLevel3TransfersAmount
0 USD
CY2013 earn Increase Decrease In Management Fee Payable
IncreaseDecreaseInManagementFeePayable
484000 USD
earn Increase Decrease In Management Fee Payable
IncreaseDecreaseInManagementFeePayable
116000 USD
earn Increasedecreaseinduefrombrokers
Increasedecreaseinduefrombrokers
0 USD
CY2013 earn Increasedecreaseinduefrombrokers
Increasedecreaseinduefrombrokers
-18347000 USD
CY2013 earn Increasedecreaseinduetobrokers
Increasedecreaseinduetobrokers
22788000 USD
earn Increasedecreaseinduetobrokers
Increasedecreaseinduetobrokers
0 USD
earn Increasedecreaseininterestpayable
Increasedecreaseininterestpayable
0 USD
CY2013 earn Increasedecreaseininterestpayable
Increasedecreaseininterestpayable
764000 USD
CY2013 earn Intended Distributionof Taxable Net Income Percentageon Annual Basis
IntendedDistributionofTaxableNetIncomePercentageonAnnualBasis
1.00
earn Interest Income
InterestIncome
239000 USD
CY2013 earn Interest Income
InterestIncome
27778000 USD
CY2013 earn Interestexpensegross
Interestexpensegross
3056000 USD
earn Interestexpensegross
Interestexpensegross
0 USD
CY2012Q4 earn Interestexpensegross
Interestexpensegross
0 USD
CY2012Q3 earn Interestexpensegross
Interestexpensegross
0 USD
CY2013Q2 earn Interestexpensegross
Interestexpensegross
525000 USD
CY2013Q3 earn Interestexpensegross
Interestexpensegross
1248000 USD
CY2013Q1 earn Interestexpensegross
Interestexpensegross
0 USD
earn Management Fees
ManagementFees
124000 USD
CY2013 earn Management Fees
ManagementFees
2066000 USD
CY2012Q4 earn Management Fees
ManagementFees
116000 USD
CY2012Q3 earn Management Fees
ManagementFees
8000 USD
CY2013Q2 earn Management Fees
ManagementFees
703000 USD
CY2013Q4 earn Management Fees
ManagementFees
600000 USD
CY2013Q3 earn Management Fees
ManagementFees
644000 USD
CY2013Q1 earn Management Fees
ManagementFees
119000 USD
CY2013 earn Netrealizedgainslossesonperiodicsettementsofinterestrateswaps
Netrealizedgainslossesonperiodicsettementsofinterestrateswaps
-5200000 USD
CY2013Q3 earn Netrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
Netrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
-19900000 USD
CY2013Q1 earn Netrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
Netrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
888000 USD
CY2013Q4 earn Netrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
Netrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
-16504000 USD
CY2013Q2 earn Netrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
Netrealizedgainslossesonrealestatesecuritiesandfinancialderivatives
5370000 USD
CY2013 earn Netrealizedgainslossesotherthanonperiodicsettementsofinterestrateswaps
Netrealizedgainslossesotherthanonperiodicsettementsofinterestrateswaps
12510000 USD
CY2013 earn Netrealizedgainsonderivativeinstruments
Netrealizedgainsonderivativeinstruments
7310000 USD
earn Netrealizedgainsonderivativeinstruments
Netrealizedgainsonderivativeinstruments
0 USD
CY2013Q4 earn Numberof Counterpartieswith Outstanding Repurchase Agreements
NumberofCounterpartieswithOutstandingRepurchaseAgreements
9 counterparties
CY2013 earn Organizational Expenses
OrganizationalExpenses
0 USD
earn Organizational Expenses
OrganizationalExpenses
568000 USD
CY2012Q4 earn Organizational Expenses
OrganizationalExpenses
568000 USD
CY2012Q3 earn Organizational Expenses
OrganizationalExpenses
0 USD
CY2013Q4 earn Pledged Assets Unsettled
PledgedAssetsUnsettled
76100000 USD
CY2013 earn Repaymentsofrepurchaseagreements
Repaymentsofrepurchaseagreements
5206103000 USD
CY2013 earn Principal Repayments Of Securities
PrincipalRepaymentsOfSecurities
47994000 USD
earn Principal Repayments Of Securities
PrincipalRepaymentsOfSecurities
0 USD
CY2012Q4 earn Receivableforsecuritiessold
Receivableforsecuritiessold
0 USD
CY2013Q4 earn Receivableforsecuritiessold
Receivableforsecuritiessold
76692000 USD
CY2013 earn Related Party Transaction Expense Reimbursement Period
RelatedPartyTransactionExpenseReimbursementPeriod
P60D
CY2013 earn Related Party Transaction Management Agreement Renewal Period
RelatedPartyTransactionManagementAgreementRenewalPeriod
P1Y
CY2013 earn Related Party Transaction Termination Fee Percentage
RelatedPartyTransactionTerminationFeePercentage
0.05
CY2013Q2 earn Remaining Capital Commitment
RemainingCapitalCommitment
0 USD
earn Repaymentsofrepurchaseagreements
Repaymentsofrepurchaseagreements
0 USD
earn Repurchaseofinvestmentssoldshort
Repurchaseofinvestmentssoldshort
0 USD
CY2013 earn Repurchaseofinvestmentssoldshort
Repurchaseofinvestmentssoldshort
2036000 USD
CY2013 earn Required Distributionof Taxable Net Income Percentageon Annual Basis
RequiredDistributionofTaxableNetIncomePercentageonAnnualBasis
0.90
CY2013Q4 earn Securities Collateral Relating To Repurchase Agreements
SecuritiesCollateralRelatingToRepurchaseAgreements
1360000000 USD
CY2013Q4 earn Securitiespurchasedunderagreementstoresellavailableforoffset
Securitiespurchasedunderagreementstoresellavailableforoffset
0 USD
CY2013Q2 earn Stock Dividend Percent
StockDividendPercent
0.037066
CY2013 earn Unrealizedgainlossonaccruedperiodicsettlementsoninterestrateswaps
Unrealizedgainlossonaccruedperiodicsettlementsoninterestrateswaps
-1538000 USD
CY2013 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
115070025 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
Ellington Residential Mortgage REIT
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 earn Unrealizedgainlossonotherthanaccuredperiodicsettlementsoninterestrateswaps
Unrealizedgainlossonotherthanaccuredperiodicsettlementsoninterestrateswaps
35432000 USD
CY2013 earn Weighted Average Holdings
WeightedAverageHoldings
879900000 USD
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001560672
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
9139842 shares
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes

Files In Submission

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0001560672-14-000009-index-headers.html Edgar Link pending
0001560672-14-000009-index.html Edgar Link pending
0001560672-14-000009.txt Edgar Link pending
0001560672-14-000009-xbrl.zip Edgar Link pending
earn-20131231.xml Edgar Link completed
earn-20131231.xsd Edgar Link pending
earn-20131231_cal.xml Edgar Link unprocessable
earn-20131231_def.xml Edgar Link unprocessable
earn-20131231_lab.xml Edgar Link unprocessable
earn-20131231_pre.xml Edgar Link unprocessable
earn2013123110k.htm Edgar Link pending
earn20131231exhibit101.htm Edgar Link pending
earn20131231exhibit211.htm Edgar Link pending
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earn20131231exhibit322.htm Edgar Link pending
earn201312_chart-57437.jpg Edgar Link pending
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