2018 Q4 Form 10-K Financial Statement

#000156067220000010 Filed on March 12, 2020

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $13.88M $13.17M $14.08M
YoY Change 5.87% 2.33% 29.41%
Cost Of Revenue $9.920M $9.490M $8.730M
YoY Change 36.64% 38.74% 71.18%
Gross Profit $3.950M $3.680M $5.350M
YoY Change -32.48% -38.97% -7.44%
Gross Profit Margin 28.46% 27.94% 38.0%
Selling, General & Admin $80.00K $70.00K $70.00K
YoY Change -73.33%
% of Gross Profit 2.03% 1.9% 1.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.232M $1.332M $1.427M
YoY Change -18.52% -10.06% -0.7%
Operating Profit $2.718M $2.348M $3.923M
YoY Change -37.34% -48.38% -9.67%
Interest Expense -$13.63M -$2.370M -$3.200M
YoY Change 191.24% -453.73% -16.23%
% of Operating Profit -501.47% -100.94% -81.57%
Other Income/Expense, Net $318.0K $283.0K $293.0K
YoY Change 3.25% -1.39% 3.17%
Pretax Income -$10.07M $950.0K $1.790M
YoY Change -1374.68% -85.02% 11.88%
Income Tax
% Of Pretax Income
Net Earnings -$10.07M $946.0K $1.786M
YoY Change -1370.37% -85.08% 11.42%
Net Earnings / Revenue -72.58% 7.18% 12.68%
Basic Earnings Per Share -$0.80 $0.07 $0.14
Diluted Earnings Per Share -$797.9K $74.86K $140.7K
COMMON SHARES
Basic Shares Outstanding 12.61M shares 12.69M shares 12.72M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.60M $41.00M $41.40M
YoY Change -66.84% -18.49% -0.72%
Cash & Equivalents $18.59M $41.02M $41.40M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $74.20M $52.50M $51.60M
Other Receivables $29.70M $32.80M $32.90M
Total Short-Term Assets $122.5M $126.3M $125.9M
YoY Change 11.16% -1.1% -47.3%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.540B $1.576B $1.580B
YoY Change -8.64% -9.59% -4.41%
Other Assets
YoY Change
Total Long-Term Assets $1.553B $1.626B $1.622B
YoY Change -12.6% -9.97% -6.4%
TOTAL ASSETS
Total Short-Term Assets $122.5M $126.3M $125.9M
Total Long-Term Assets $1.553B $1.626B $1.622B
Total Assets $1.676B $1.753B $1.748B
YoY Change -11.21% -9.38% -11.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.30M $36.50M $1.400M
YoY Change 197.37% 47.18% -98.18%
Accrued Expenses $5.800M $5.000M $5.000M
YoY Change 45.0% 31.58% 47.06%
Deferred Revenue
YoY Change
Short-Term Debt $1.482B $1.501B $1.537B
YoY Change -7.24% -8.63% -5.61%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.505B $1.582B $1.573B
YoY Change -11.06% -8.78% -12.04%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $16.60M $300.0K $1.700M
YoY Change 773.68% -90.63% -37.04%
Total Long-Term Liabilities $16.60M $300.0K $1.700M
YoY Change 773.68% -90.63% -37.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.505B $1.582B $1.573B
Total Long-Term Liabilities $16.60M $300.0K $1.700M
Total Liabilities $1.522B $1.583B $1.574B
YoY Change -10.19% -8.92% -12.08%
SHAREHOLDERS EQUITY
Retained Earnings -$77.19M -$62.86M -$59.11M
YoY Change 62.53% 45.02% 33.27%
Common Stock $125.0K $127.0K $127.0K
YoY Change -6.72% -5.22% 2.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $153.8M $170.2M $174.2M
YoY Change
Total Liabilities & Shareholders Equity $1.676B $1.753B $1.748B
YoY Change -11.21% -9.38% -11.35%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income -$10.07M $946.0K $1.786M
YoY Change -1370.37% -85.08% 11.42%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $6.690M $6.780M $6.860M
YoY Change -26.4% -228.65% -13820.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$24.75M $37.26M $47.13M
YoY Change -148.44% -203.79% -109.67%
Cash From Investing Activities -$24.75M $37.26M $47.13M
YoY Change -148.44% -203.79% -109.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.370M -44.42M -58.62M
YoY Change -91.96% -189.23% -111.92%
NET CHANGE
Cash From Operating Activities 6.690M 6.780M 6.860M
Cash From Investing Activities -24.75M 37.26M 47.13M
Cash From Financing Activities -4.370M -44.42M -58.62M
Net Change In Cash -22.43M -380.0K -4.630M
YoY Change -484.08% -104.41% -211.3%
FREE CASH FLOW
Cash From Operating Activities $6.690M $6.780M $6.860M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2019 us-gaap Proceeds From Securities Purchased Under Agreements To Resell
ProceedsFromSecuritiesPurchasedUnderAgreementsToResell
7741617000 USD
CY2018 us-gaap Proceeds From Securities Purchased Under Agreements To Resell
ProceedsFromSecuritiesPurchasedUnderAgreementsToResell
11387372000 USD
CY2019 earn Duefrombrokersnetinvestingactivities
Duefrombrokersnetinvestingactivities
-9488000 USD
CY2018 earn Duefrombrokersnetinvestingactivities
Duefrombrokersnetinvestingactivities
11294000 USD
CY2019 earn Duetobrokersnetinvestingactivities
Duetobrokersnetinvestingactivities
-182000 USD
CY2018 earn Duetobrokersnetinvestingactivities
Duetobrokersnetinvestingactivities
-176000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
221855000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
62833000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
747000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9386000 USD
CY2019 us-gaap Payments Of Dividends
PaymentsOfDividends
15467000 USD
CY2018 us-gaap Payments Of Dividends
PaymentsOfDividends
19086000 USD
CY2019 earn Borrowingsunderrepurchaseagreements
Borrowingsunderrepurchaseagreements
2038303000 USD
CY2018 earn Borrowingsunderrepurchaseagreements
Borrowingsunderrepurchaseagreements
1782934000 USD
CY2019 earn Repaymentsofrepurchaseagreements
Repaymentsofrepurchaseagreements
2223592000 USD
CY2018 earn Repaymentsofrepurchaseagreements
Repaymentsofrepurchaseagreements
1898579000 USD
CY2019 earn Duefrombrokersnetfinancingactivities
Duefrombrokersnetfinancingactivities
20193000 USD
CY2018 earn Duefrombrokersnetfinancingactivities
Duefrombrokersnetfinancingactivities
-13977000 USD
CY2019 earn Duetobrokersnetfinancingactivities
Duetobrokersnetfinancingactivities
-926000 USD
CY2018 earn Duetobrokersnetfinancingactivities
Duetobrokersnetfinancingactivities
926000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-222622000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-129214000 USD
CY2019 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
16766000 USD
CY2018 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-37532000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18585000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
56117000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35351000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18585000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
36528000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
30856000 USD
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3488000 USD
CY2018Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
4252000 USD
CY2019 earn Required Distributionof Taxable Net Income Percentageon Annual Basis
RequiredDistributionofTaxableNetIncomePercentageonAnnualBasis
0.90
CY2019 earn Intended Distributionof Taxable Net Income Percentageon Annual Basis
IntendedDistributionofTaxableNetIncomePercentageonAnnualBasis
1
CY2019 us-gaap Revenue Recognition Interest
RevenueRecognitionInterest
Interest Income:<span style="font-family:inherit;font-size:10pt;"> Coupon interest income on investment securities is accrued based on the outstanding principal balance or notional amount and the current coupon rate on each security. The Company amortizes purchase premiums and accretes purchase discounts on its fixed-income securities. For RMBS that are deemed to be of high credit quality at the time of purchase, premiums and discounts are generally amortized/accreted into interest income over the life of such securities using the effective interest method. For such RMBS whose cash flows vary depending on prepayments, an effective yield retroactive to the time of purchase is periodically recomputed based on actual prepayments and changes in projected prepayment activity, and a catch-up adjustment, or "Catch-up Premium Amortization Adjustment," is made to amortization to reflect the cumulative impact of the change in effective yield. For RMBS that are deemed not to be of high credit quality at the time of purchase, interest income is recognized based on the effective interest method. For purposes of determining the effective interest rate, management estimates the future expected cash flows of its investment holdings based on assumptions including, but not limited to, assumptions for future prepayment rates, default rates, and loss severities (each of which may in turn incorporate various macro-economic assumptions, such as future housing prices). These assumptions are re-evaluated not less than quarterly. Principal write-offs are generally treated as realized losses. Changes in projected cash flows, as applied to the current amortized cost of the security, may result in a prospective change in the yield/interest income recognized on such securities.</span><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company's accretion of discounts and amortization of premiums on securities for U.S. federal and other tax purposes is likely to differ from the accounting treatment under U.S. GAAP of these items as described above.</span></div>
CY2019 earn Required Distributionof Taxable Net Income Percentageon Annual Basis
RequiredDistributionofTaxableNetIncomePercentageonAnnualBasis
0.90
CY2019 earn Catchup Premium Amortization Adjustment
CatchupPremiumAmortizationAdjustment
-5900000 USD
CY2018 earn Catchup Premium Amortization Adjustment
CatchupPremiumAmortizationAdjustment
-38000 USD
CY2019 us-gaap Other Than Temporary Impairment Loss Debt Securities Portion Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesPortionRecognizedInEarnings
4300000 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
4180000 USD
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
11839000 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
2047000 USD
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
16559000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
2133000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-4720000 USD
CY2019 earn Netrealizedgainslossesonperiodicsettementsofinterestrateswaps
Netrealizedgainslossesonperiodicsettementsofinterestrateswaps
1262000 USD
CY2019 earn Netrealizedgainslossesotherthanonperiodicsettementsofinterestrateswaps
Netrealizedgainslossesotherthanonperiodicsettementsofinterestrateswaps
-40237000 USD
CY2019 earn Netrealizedgainslossesonfinancialderivatives
Netrealizedgainslossesonfinancialderivatives
-38975000 USD
CY2019 earn Unrealizedgainlossonaccruedperiodicsettlementsoninterestrateswaps
Unrealizedgainlossonaccruedperiodicsettlementsoninterestrateswaps
850000 USD
CY2019 earn Unrealizedgainlossonotherthanaccuredperiodicsettlementsoninterestrateswaps
Unrealizedgainlossonotherthanaccuredperiodicsettlementsoninterestrateswaps
5588000 USD
CY2019 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
6438000 USD
CY2018 earn Netrealizedgainslossesonperiodicsettementsofinterestrateswaps
Netrealizedgainslossesonperiodicsettementsofinterestrateswaps
1037000 USD
CY2018 earn Netrealizedgainslossesotherthanonperiodicsettementsofinterestrateswaps
Netrealizedgainslossesotherthanonperiodicsettementsofinterestrateswaps
18341000 USD
CY2018 earn Netrealizedgainslossesonfinancialderivatives
Netrealizedgainslossesonfinancialderivatives
19378000 USD
CY2018 earn Unrealizedgainlossonaccruedperiodicsettlementsoninterestrateswaps
Unrealizedgainlossonaccruedperiodicsettlementsoninterestrateswaps
-432000 USD
CY2018 earn Unrealizedgainlossonotherthanaccuredperiodicsettlementsoninterestrateswaps
Unrealizedgainlossonotherthanaccuredperiodicsettlementsoninterestrateswaps
-10999000 USD
CY2018 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-11431000 USD
CY2019Q4 earn Numberof Counterpartieswith Outstanding Repurchase Agreements
NumberofCounterpartieswithOutstandingRepurchaseAgreements
15 counterparties
CY2018Q4 earn Numberof Counterpartieswith Outstanding Repurchase Agreements
NumberofCounterpartieswithOutstandingRepurchaseAgreements
12 counterparties
CY2019 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table details the Company's outstanding borrowings under repurchase agreements as of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and 2018:</span></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="21"/></tr><tr><td style="width:22%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="9" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="9" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted Average</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="5" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Weighted Average</span></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;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Remaining Days to Maturity</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></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;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Borrowings Outstanding</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></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;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Interest Rate</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></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;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Remaining Days to Maturity</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></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;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Borrowings Outstanding</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></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;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Interest Rate</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></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;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Remaining Days to Maturity</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></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;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(In thousands)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></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;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></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;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">30 days or less</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>513,092</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.10</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>512,505</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.45</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">31-60 days</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>549,541</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.91</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>594,199</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.56</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">61-90 days</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>233,639</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.97</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>359,861</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.71</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>75</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">91-120 days</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">121-150 days</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">151-180 days</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,996</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.72</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>177</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,296,272</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.00</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>39</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,481,561</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.56</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>44</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div>
CY2019Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
1296272000 USD
CY2019Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0200
CY2019 us-gaap Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1
RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1
P39D
CY2018Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
1481561000 USD
CY2018Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0256
CY2018 us-gaap Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1
RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1
P44D
CY2019Q4 us-gaap Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements
PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
1300000000 USD
CY2018Q4 us-gaap Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements
PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
1600000000 USD
CY2019 earn Repurchase Agreement Counterparty Concentration Risk Threshold
RepurchaseAgreementCounterpartyConcentrationRiskThreshold
0.10
CY2018 earn Net Accrued Interest
NetAccruedInterest
-43000 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
4180000 USD
CY2019Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
1756000 USD
CY2019Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2019Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
2424000 USD
CY2019Q4 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
2084000 USD
CY2019Q4 us-gaap Securities Sold Under Agreements To Resell Not Offset Policy Election Deduction
SecuritiesSoldUnderAgreementsToResellNotOffsetPolicyElectionDeduction
2084000 USD
CY2019Q4 us-gaap Securities Purchased Under Agreements To Resell Collateral Obligation To Return Cash
SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnCash
0 USD
CY2019Q4 us-gaap Securities Purchased Under Agreements To Resell Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesPurchasedUnderAgreementsToResellOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
2047000 USD
CY2019Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
1756000 USD
CY2019Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
211000 USD
CY2019Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
80000 USD
CY2019Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
1296272000 USD
CY2019Q4 us-gaap Securities Purchased Under Agreements To Resell Not Offset Policy Election Deduction
SecuritiesPurchasedUnderAgreementsToResellNotOffsetPolicyElectionDeduction
2084000 USD
CY2019Q4 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
24924000 USD
CY2019Q4 us-gaap Securities Sold Under Agreements To Repurchase Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesSoldUnderAgreementsToRepurchaseOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 USD
CY2019Q4 us-gaap Securities Sold Under Agreements To Repurchase Fair Value Of Collateral
SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateral
1330000000 USD
CY2018Q4 us-gaap Derivative Assets
DerivativeAssets
11839000 USD
CY2018Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
7016000 USD
CY2018Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
151000 USD
CY2018Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
4672000 USD
CY2018Q4 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
379000 USD
CY2018Q4 us-gaap Securities Sold Under Agreements To Resell Not Offset Policy Election Deduction
SecuritiesSoldUnderAgreementsToResellNotOffsetPolicyElectionDeduction
379000 USD
CY2018Q4 us-gaap Securities Purchased Under Agreements To Resell Collateral Obligation To Return Cash
SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnCash
0 USD
CY2018Q4 us-gaap Securities Purchased Under Agreements To Resell Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesPurchasedUnderAgreementsToResellOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 USD
CY2018Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
16559000 USD
CY2018Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
7016000 USD
CY2018Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
9321000 USD
CY2018Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
222000 USD
CY2018Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
1481561000 USD
CY2018Q4 us-gaap Securities Purchased Under Agreements To Resell Not Offset Policy Election Deduction
SecuritiesPurchasedUnderAgreementsToResellNotOffsetPolicyElectionDeduction
379000 USD
CY2018Q4 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
3805000 USD
CY2018Q4 us-gaap Securities Sold Under Agreements To Repurchase Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesSoldUnderAgreementsToRepurchaseOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 USD
CY2018Q4 us-gaap Securities Sold Under Agreements To Repurchase Fair Value Of Collateral
SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateral
1570000000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
22256000 USD
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-11295000 USD
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12461054 shares
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12811366 shares
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.79
CY2018 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.88
CY2019Q4 earn Annual Base Management Fee Percent
AnnualBaseManagementFeePercent
0.0150
CY2019 us-gaap Management Fee Expense
ManagementFeeExpense
2400000 USD
CY2018 us-gaap Management Fee Expense
ManagementFeeExpense
2500000 USD
CY2019 earn Related Party Transaction Expense Reimbursement Period
RelatedPartyTransactionExpenseReimbursementPeriod
P60D
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12455758 shares
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12507213 shares
CY2019 earn Expenses Reimbursedto Related Party
ExpensesReimbursedtoRelatedParty
2100000 USD
CY2018 earn Expenses Reimbursedto Related Party
ExpensesReimbursedtoRelatedParty
2000000.0 USD
CY2019 earn Related Party Transaction Termination Fee Percentage
RelatedPartyTransactionTerminationFeePercentage
0.05
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12507213 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
13340217 shares
CY2019 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
22361 shares
CY2018 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
19376 shares
CY2019 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
73816 shares
CY2018 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
852380 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12455758 shares
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12507213 shares
CY2019Q4 earn Unvestedrestrictedsharesoutstanding
Unvestedrestrictedsharesoutstanding
25476 shares
CY2018Q4 earn Unvestedrestrictedsharesoutstanding
Unvestedrestrictedsharesoutstanding
21159 shares
CY2019Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
298724 shares
CY2018Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1200000 shares
CY2019 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
73816 shares
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
700000 USD
CY2019 earn Stock Repurchases Average Price Per Share
StockRepurchasesAveragePricePerShare
10.12
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
298029 shares
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
3100000 USD
earn Stock Repurchases Average Price Per Share
StockRepurchasesAveragePricePerShare
10.46
CY2019 earn Intended Distributionof Taxable Net Income Percentageon Annual Basis
IntendedDistributionofTaxableNetIncomePercentageonAnnualBasis
1
CY2019Q1 us-gaap Interest Income Operating
InterestIncomeOperating
12613000 USD
CY2019Q2 us-gaap Interest Income Operating
InterestIncomeOperating
12139000 USD
CY2019Q3 us-gaap Interest Income Operating
InterestIncomeOperating
10485000 USD
CY2019Q4 us-gaap Interest Income Operating
InterestIncomeOperating
8609000 USD
CY2019Q1 earn Interestexpensegross
Interestexpensegross
9555000 USD
CY2019Q2 earn Interestexpensegross
Interestexpensegross
9662000 USD
CY2019Q3 earn Interestexpensegross
Interestexpensegross
8820000 USD
CY2019Q4 earn Interestexpensegross
Interestexpensegross
7239000 USD
CY2019Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
3058000 USD
CY2019Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2477000 USD
CY2019Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1665000 USD
CY2019Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1370000 USD
CY2019Q1 us-gaap Management Fee Expense
ManagementFeeExpense
595000 USD
CY2019Q2 us-gaap Management Fee Expense
ManagementFeeExpense
582000 USD
CY2019Q3 us-gaap Management Fee Expense
ManagementFeeExpense
582000 USD
CY2019Q4 us-gaap Management Fee Expense
ManagementFeeExpense
606000 USD
CY2019Q1 us-gaap Professional Fees
ProfessionalFees
229000 USD
CY2019Q2 us-gaap Professional Fees
ProfessionalFees
207000 USD
CY2019Q3 us-gaap Professional Fees
ProfessionalFees
216000 USD
CY2019Q4 us-gaap Professional Fees
ProfessionalFees
163000 USD
CY2019Q1 us-gaap Salaries And Wages
SalariesAndWages
151000 USD
CY2019Q2 us-gaap Salaries And Wages
SalariesAndWages
112000 USD
CY2019Q3 us-gaap Salaries And Wages
SalariesAndWages
132000 USD
CY2019Q4 us-gaap Salaries And Wages
SalariesAndWages
113000 USD
CY2019Q1 us-gaap General Insurance Expense
GeneralInsuranceExpense
74000 USD
CY2019Q2 us-gaap General Insurance Expense
GeneralInsuranceExpense
74000 USD
CY2019Q3 us-gaap General Insurance Expense
GeneralInsuranceExpense
74000 USD
CY2019Q4 us-gaap General Insurance Expense
GeneralInsuranceExpense
73000 USD
CY2019Q1 us-gaap Other Expenses
OtherExpenses
319000 USD
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
1368000 USD
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
1300000 USD
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
1345000 USD
CY2019Q2 us-gaap Other Expenses
OtherExpenses
325000 USD
CY2019Q3 us-gaap Other Expenses
OtherExpenses
341000 USD
CY2019Q4 us-gaap Other Expenses
OtherExpenses
320000 USD
CY2019Q4 us-gaap Operating Expenses
OperatingExpenses
1275000 USD
CY2019Q1 earn Netrealizedgainslossesonsecuritiesandfinancialderivatives
Netrealizedgainslossesonsecuritiesandfinancialderivatives
-13765000 USD
CY2019Q2 earn Netrealizedgainslossesonsecuritiesandfinancialderivatives
Netrealizedgainslossesonsecuritiesandfinancialderivatives
-7353000 USD
CY2019Q3 earn Netrealizedgainslossesonsecuritiesandfinancialderivatives
Netrealizedgainslossesonsecuritiesandfinancialderivatives
-298000 USD
CY2019Q4 earn Netrealizedgainslossesonsecuritiesandfinancialderivatives
Netrealizedgainslossesonsecuritiesandfinancialderivatives
-15279000 USD
CY2019Q3 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
3707000 USD
CY2019Q4 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
24890000 USD
CY2019Q1 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
21003000 USD
CY2019Q2 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
6069000 USD
CY2018Q2 us-gaap Interest Income Operating
InterestIncomeOperating
14081000 USD
CY2019Q2 earn Net Realizedand Unrealized Gain Loss On Investmentsand Financial Derivatives
NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives
-1284000 USD
CY2019Q3 earn Net Realizedand Unrealized Gain Loss On Investmentsand Financial Derivatives
NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives
3409000 USD
CY2019Q4 earn Net Realizedand Unrealized Gain Loss On Investmentsand Financial Derivatives
NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives
9611000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
8928000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-107000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
3729000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
9706000 USD
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2019Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.78
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2019Q1 earn Net Realizedand Unrealized Gain Loss On Investmentsand Financial Derivatives
NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives
7238000 USD
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2018Q1 us-gaap Interest Income Operating
InterestIncomeOperating
13426000 USD
CY2018Q3 us-gaap Interest Income Operating
InterestIncomeOperating
13171000 USD
CY2018Q4 us-gaap Interest Income Operating
InterestIncomeOperating
13875000 USD
CY2018Q1 earn Interestexpensegross
Interestexpensegross
7248000 USD
CY2018Q2 earn Interestexpensegross
Interestexpensegross
7668000 USD
CY2018Q3 earn Interestexpensegross
Interestexpensegross
8519000 USD
CY2018Q4 earn Interestexpensegross
Interestexpensegross
9084000 USD
CY2018Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6178000 USD
CY2018Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6413000 USD
CY2018Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4652000 USD
CY2018Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4791000 USD
CY2018Q1 us-gaap Management Fee Expense
ManagementFeeExpense
671000 USD
CY2018Q2 us-gaap Management Fee Expense
ManagementFeeExpense
656000 USD
CY2018Q3 us-gaap Management Fee Expense
ManagementFeeExpense
641000 USD
CY2018Q4 us-gaap Management Fee Expense
ManagementFeeExpense
579000 USD
CY2018Q1 us-gaap Professional Fees
ProfessionalFees
234000 USD
CY2018Q2 us-gaap Professional Fees
ProfessionalFees
217000 USD
CY2018Q3 us-gaap Professional Fees
ProfessionalFees
198000 USD
CY2018Q4 us-gaap Professional Fees
ProfessionalFees
182000 USD
CY2018Q1 us-gaap Salaries And Wages
SalariesAndWages
189000 USD
CY2018Q2 us-gaap Salaries And Wages
SalariesAndWages
187000 USD
CY2018Q3 us-gaap Salaries And Wages
SalariesAndWages
136000 USD
CY2018Q4 us-gaap Salaries And Wages
SalariesAndWages
79000 USD
CY2018Q1 us-gaap General Insurance Expense
GeneralInsuranceExpense
74000 USD
CY2018Q2 earn Netrealizedgainslossesonsecuritiesandfinancialderivatives
Netrealizedgainslossesonsecuritiesandfinancialderivatives
-10816000 USD
CY2018Q3 earn Netrealizedgainslossesonsecuritiesandfinancialderivatives
Netrealizedgainslossesonsecuritiesandfinancialderivatives
-4344000 USD
CY2018Q4 earn Netrealizedgainslossesonsecuritiesandfinancialderivatives
Netrealizedgainslossesonsecuritiesandfinancialderivatives
-6721000 USD
CY2018Q1 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
-26496000 USD
CY2018Q2 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
7616000 USD
CY2018Q3 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
1970000 USD
CY2018Q4 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
-6912000 USD
CY2018Q2 us-gaap General Insurance Expense
GeneralInsuranceExpense
74000 USD
CY2018Q3 us-gaap General Insurance Expense
GeneralInsuranceExpense
74000 USD
CY2018Q4 us-gaap General Insurance Expense
GeneralInsuranceExpense
74000 USD
CY2018Q1 us-gaap Other Expenses
OtherExpenses
349000 USD
CY2018Q2 us-gaap Other Expenses
OtherExpenses
293000 USD
CY2018Q3 us-gaap Other Expenses
OtherExpenses
283000 USD
CY2018Q4 us-gaap Other Expenses
OtherExpenses
318000 USD
CY2018Q1 us-gaap Operating Expenses
OperatingExpenses
1517000 USD
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
1427000 USD
CY2018Q3 us-gaap Operating Expenses
OperatingExpenses
1332000 USD
CY2018Q4 us-gaap Operating Expenses
OperatingExpenses
1232000 USD
CY2018Q1 earn Netrealizedgainslossesonsecuritiesandfinancialderivatives
Netrealizedgainslossesonsecuritiesandfinancialderivatives
17882000 USD
CY2018Q1 earn Net Realizedand Unrealized Gain Loss On Investmentsand Financial Derivatives
NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives
-8614000 USD
CY2018Q2 earn Net Realizedand Unrealized Gain Loss On Investmentsand Financial Derivatives
NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives
-3200000 USD
CY2018Q3 earn Net Realizedand Unrealized Gain Loss On Investmentsand Financial Derivatives
NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives
-2374000 USD
CY2018Q4 earn Net Realizedand Unrealized Gain Loss On Investmentsand Financial Derivatives
NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives
-13633000 USD
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
-3953000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
1786000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
946000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-10074000 USD
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.30
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2018Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.80
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.37
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.37
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.37
CY2018Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.34

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0001560672-20-000010-index.html Edgar Link pending
0001560672-20-000010.txt Edgar Link pending
0001560672-20-000010-xbrl.zip Edgar Link pending
earn-20191231.xsd Edgar Link pending
earn-20191231_cal.xml Edgar Link unprocessable
earn-20191231_def.xml Edgar Link unprocessable
earn-20191231_lab.xml Edgar Link unprocessable
earn-20191231_pre.xml Edgar Link unprocessable
earn2019123110k.htm Edgar Link pending
earn2019123110k_htm.xml Edgar Link completed
earn20191231exhibit211.htm Edgar Link pending
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