2019 Q4 Form 10-K Financial Statement

#000156067221000010 Filed on March 16, 2021

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2019 Q2
Revenue $8.610M $10.49M $12.14M
YoY Change -37.97% -20.35% -13.78%
Cost Of Revenue $8.120M $9.750M $10.56M
YoY Change -18.15% 2.74% 20.96%
Gross Profit $490.0K $740.0K $1.580M
YoY Change -87.59% -79.89% -70.47%
Gross Profit Margin 5.69% 7.05% 13.01%
Selling, General & Admin $70.00K $70.00K $70.00K
YoY Change -12.5% 0.0% 0.0%
% of Gross Profit 14.29% 9.46% 4.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.275M $1.345M $1.300M
YoY Change 3.49% 0.98% -8.9%
Operating Profit -$785.0K -$605.0K $280.0K
YoY Change -128.88% -125.77% -92.86%
Interest Expense $9.610M $3.410M -$1.280M
YoY Change -170.51% -243.88% -60.0%
% of Operating Profit -457.14%
Other Income/Expense, Net $320.0K $341.0K $325.0K
YoY Change 0.63% 20.49% 10.92%
Pretax Income $9.710M $3.730M -$110.0K
YoY Change -196.43% 292.63% -106.15%
Income Tax
% Of Pretax Income
Net Earnings $9.706M $3.729M -$107.0K
YoY Change -196.35% 294.19% -105.99%
Net Earnings / Revenue 112.73% 35.55% -0.88%
Basic Earnings Per Share $0.78 $0.30 -$0.01
Diluted Earnings Per Share $779.9K $299.4K -$8.821K
COMMON SHARES
Basic Shares Outstanding 12.45M shares 12.46M shares 12.47M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q4 2019 Q3 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.40M $50.20M $41.50M
YoY Change 90.32% 22.44% 0.24%
Cash & Equivalents $35.35M $50.19M $41.47M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $5.500M $123.6M $106.4M
Other Receivables $39.60M $61.90M $47.00M
Total Short-Term Assets $80.50M $235.7M $194.9M
YoY Change -34.29% 86.62% 54.81%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.402B $1.395B $1.460B
YoY Change -8.99% -11.51% -7.63%
Other Assets
YoY Change
Total Long-Term Assets $1.409B $1.439B $1.502B
YoY Change -9.3% -11.55% -7.41%
TOTAL ASSETS
Total Short-Term Assets $80.50M $235.7M $194.9M
Total Long-Term Assets $1.409B $1.439B $1.502B
Total Assets $1.489B $1.674B $1.697B
YoY Change -11.13% -4.47% -2.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.40M $114.7M $39.50M
YoY Change 71.68% 214.25% 2721.43%
Accrued Expenses $4.300M $5.100M $5.600M
YoY Change -25.86% 2.0% 12.0%
Deferred Revenue
YoY Change
Short-Term Debt $1.296B $1.338B $1.442B
YoY Change -12.51% -10.84% -6.19%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.326B $1.500B $1.526B
YoY Change -11.89% -5.19% -2.93%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.000M $19.90M $15.90M
YoY Change -87.95% 6533.33% 835.29%
Total Long-Term Liabilities $2.000M $19.90M $15.90M
YoY Change -87.95% 6533.33% 835.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.326B $1.500B $1.526B
Total Long-Term Liabilities $2.000M $19.90M $15.90M
Total Liabilities $1.328B $1.520B $1.542B
YoY Change -12.71% -3.96% -2.01%
SHAREHOLDERS EQUITY
Retained Earnings -$69.64M -$75.86M -$76.10M
YoY Change -9.78% 20.67% 28.74%
Common Stock $124.0K $124.0K $125.0K
YoY Change -0.8% -2.36% -1.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $160.8M $154.6M $154.6M
YoY Change
Total Liabilities & Shareholders Equity $1.489B $1.674B $1.697B
YoY Change -11.13% -4.47% -2.93%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2019 Q2
OPERATING ACTIVITIES
Net Income $9.706M $3.729M -$107.0K
YoY Change -196.35% 294.19% -105.99%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $4.470M $3.920M $4.380M
YoY Change -33.18% -42.18% -36.15%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $28.36M $124.2M -$15.14M
YoY Change -214.59% 233.36% -132.12%
Cash From Investing Activities $28.36M $124.2M -$15.14M
YoY Change -214.59% 233.36% -132.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -47.66M -119.4M 7.980M
YoY Change 990.62% 168.87% -113.61%
NET CHANGE
Cash From Operating Activities 4.470M 3.920M 4.380M
Cash From Investing Activities 28.36M 124.2M -15.14M
Cash From Financing Activities -47.66M -119.4M 7.980M
Net Change In Cash -14.83M 8.700M -2.780M
YoY Change -33.88% -2389.47% -39.96%
FREE CASH FLOW
Cash From Operating Activities $4.470M $3.920M $4.380M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
9706000 USD
CY2020 dei Entity Central Index Key
EntityCentralIndexKey
0001560672
CY2020 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2020 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
CY2020 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2020 dei Amendment Flag
AmendmentFlag
false
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12343542 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12455758 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12343542 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12455758 shares
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
12343542 shares
CY2019Q4 earn Numberof Counterpartieswith Outstanding Repurchase Agreements
NumberofCounterpartieswithOutstandingRepurchaseAgreements
15 counterparties
CY2020 us-gaap Management Fee Description
ManagementFeeDescription
The Manager receives an annual management fee in an amount equal to 1.50% per annum of shareholders' equity (as defined in the Management Agreement) as of the end of each fiscal quarter (before deductions for any management fee with respect to such fiscal period). The management fee is payable quarterly in arrears.
CY2020 earn Termination Fee Description
TerminationFeeDescription
The Management Agreement requires the Company to pay a termination fee to the Manager in the event of (1) the Company's termination or non-renewal of the Management Agreement without cause or (2) the Manager's termination of the Management Agreement upon a default by the Company in the performance of any material term of the Management Agreement. Such termination fee will be equal to 5% of Shareholders' Equity, as defined in the Management Agreement as of the month-end preceding the date of the notice of termination or non-renewal of the Management Agreement.
CY2019 us-gaap Management Fee Expense
ManagementFeeExpense
2400000 USD
CY2020 earn Related Party Transaction Management Agreement Renewal Period
RelatedPartyTransactionManagementAgreementRenewalPeriod
P1Y
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020 dei Document Type
DocumentType
10-K
CY2020 dei Document Annual Report
DocumentAnnualReport
true
CY2020 dei Document Period End Date
DocumentPeriodEndDate
2020-12-31
CY2020 dei Document Transition Report
DocumentTransitionReport
false
CY2020 dei Entity File Number
EntityFileNumber
001-35896
CY2020 dei Entity Registrant Name
EntityRegistrantName
Ellington Residential Mortgage REIT
CY2020 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
CY2020 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
46-0687599
CY2020 dei Entity Address Address Line1
EntityAddressAddressLine1
53 Forest Avenue
CY2020 dei Entity Address City Or Town
EntityAddressCityOrTown
Old Greenwich
CY2020 dei Entity Address State Or Province
EntityAddressStateOrProvince
CT
CY2020 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
06870
CY2020 dei City Area Code
CityAreaCode
203
CY2020 dei Local Phone Number
LocalPhoneNumber
698-1200
CY2020 dei Security12b Title
Security12bTitle
Common Shares of Beneficial Interest, $0.01 par value per share
CY2020 dei Trading Symbol
TradingSymbol
EARN
CY2020 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2020 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2020 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2020 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2020 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2020 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2020 dei Entity Small Business
EntitySmallBusiness
true
CY2020 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2020 earn Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2020 dei Entity Shell Company
EntityShellCompany
false
CY2020Q2 dei Entity Public Float
EntityPublicFloat
89255412 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
58166000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35351000 USD
CY2020Q4 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
1081380000 USD
CY2019Q4 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
1401778000 USD
CY2020Q4 us-gaap Financial Instruments Owned Other At Fair Value
FinancialInstrumentsOwnedOtherAtFairValue
292000 USD
CY2019Q4 us-gaap Financial Instruments Owned Other At Fair Value
FinancialInstrumentsOwnedOtherAtFairValue
0 USD
CY2020Q4 earn Duefrom Brokers
DuefromBrokers
47798000 USD
CY2019Q4 earn Duefrom Brokers
DuefromBrokers
34596000 USD
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
2791000 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
4180000 USD
CY2020Q4 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
0 USD
CY2019Q4 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
2084000 USD
CY2020Q4 earn Receivableforsecuritiessold
Receivableforsecuritiessold
0 USD
CY2019Q4 earn Receivableforsecuritiessold
Receivableforsecuritiessold
5500000 USD
CY2020Q4 us-gaap Interest Receivable
InterestReceivable
4114000 USD
CY2019Q4 us-gaap Interest Receivable
InterestReceivable
5016000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
270000 USD
CY2019Q4 us-gaap Assets
Assets
1489109000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
604000 USD
CY2020Q4 us-gaap Assets
Assets
1194811000 USD
CY2020Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
1015245000 USD
CY2019Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
1296272000 USD
CY2020Q4 srt Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
0 USD
CY2019Q4 srt Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
19433000 USD
CY2020Q4 earn Duetobrokers
Duetobrokers
1064000 USD
CY2019Q4 earn Duetobrokers
Duetobrokers
33000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
6630000 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
2047000 USD
CY2020Q4 us-gaap Financial Instruments Sold Not Yet Purchased Us Government And Agency Obligations
FinancialInstrumentsSoldNotYetPurchasedUSGovernmentAndAgencyObligations
0 USD
CY2019Q4 us-gaap Financial Instruments Sold Not Yet Purchased Us Government And Agency Obligations
FinancialInstrumentsSoldNotYetPurchasedUSGovernmentAndAgencyObligations
2070000 USD
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3456000 USD
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3488000 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
918000 USD
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
588000 USD
CY2020Q4 us-gaap Management Fee Payable
ManagementFeePayable
626000 USD
CY2019Q4 us-gaap Management Fee Payable
ManagementFeePayable
605000 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
470000 USD
CY2019Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
3729000 USD
CY2020Q4 us-gaap Liabilities
Liabilities
1028409000 USD
CY2019Q4 us-gaap Liabilities
Liabilities
1328265000 USD
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
123000 USD
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
124000 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
229614000 USD
CY2019Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
230358000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-63335000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-69638000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
166402000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
160844000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1194811000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1489109000 USD
CY2020 us-gaap Interest Income Operating
InterestIncomeOperating
27320000 USD
CY2019 us-gaap Interest Income Operating
InterestIncomeOperating
43846000 USD
CY2020 earn Interestexpensegross
Interestexpensegross
9965000 USD
CY2019 earn Interestexpensegross
Interestexpensegross
35276000 USD
CY2020 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
17355000 USD
CY2019 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8570000 USD
CY2020 us-gaap Management Fee Expense
ManagementFeeExpense
2357000 USD
CY2019 us-gaap Management Fee Expense
ManagementFeeExpense
2365000 USD
CY2020 us-gaap Professional Fees
ProfessionalFees
1242000 USD
CY2019 us-gaap Professional Fees
ProfessionalFees
815000 USD
CY2020 us-gaap Salaries And Wages
SalariesAndWages
608000 USD
CY2019 us-gaap Salaries And Wages
SalariesAndWages
508000 USD
CY2020 us-gaap General Insurance Expense
GeneralInsuranceExpense
322000 USD
CY2019 us-gaap General Insurance Expense
GeneralInsuranceExpense
295000 USD
CY2020 us-gaap Other Expenses
OtherExpenses
1297000 USD
CY2019 us-gaap Other Expenses
OtherExpenses
1305000 USD
CY2020 us-gaap Operating Expenses
OperatingExpenses
5826000 USD
CY2019 us-gaap Operating Expenses
OperatingExpenses
5288000 USD
CY2020 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
12117000 USD
CY2019 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
2280000 USD
CY2020 earn Netrealizedgainslossesonfinancialderivatives
Netrealizedgainslossesonfinancialderivatives
-13204000 USD
CY2019 earn Netrealizedgainslossesonfinancialderivatives
Netrealizedgainslossesonfinancialderivatives
-38975000 USD
CY2020 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
15625000 USD
CY2019 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
49231000 USD
CY2020 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-5955000 USD
CY2019 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
6438000 USD
CY2020 earn Net Realizedand Unrealized Gain Loss On Investmentsand Financial Derivatives
NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives
8583000 USD
CY2019 earn Net Realizedand Unrealized Gain Loss On Investmentsand Financial Derivatives
NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives
18974000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
20112000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
22256000 USD
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.63
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.79
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
153822000 USD
CY2019 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
216000 USD
CY2019 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
747000 USD
CY2019 us-gaap Dividends
Dividends
14703000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
22256000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
160844000 USD
CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
0 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
241000 USD
CY2020 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
986000 USD
CY2020 us-gaap Dividends
Dividends
13809000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
20112000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
166402000 USD
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.12
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.18
CY2020 us-gaap Net Income Loss
NetIncomeLoss
20112000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
22256000 USD
CY2020 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
12117000 USD
CY2019 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
2280000 USD
CY2020 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
15625000 USD
CY2019 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
49231000 USD
CY2020 earn Netrealizedgainslossesonfinancialderivatives
Netrealizedgainslossesonfinancialderivatives
-13204000 USD
CY2019 earn Netrealizedgainslossesonfinancialderivatives
Netrealizedgainslossesonfinancialderivatives
-38975000 USD
CY2020 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-5955000 USD
CY2019 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
6438000 USD
CY2020 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-14271000 USD
CY2019 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-14912000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
241000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
216000 USD
CY2020 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-902000 USD
CY2019 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-591000 USD
CY2020 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-334000 USD
CY2019 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-8000 USD
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
330000 USD
CY2019 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-250000 USD
CY2020 earn Increasedecreaseininterestpayable
Increasedecreaseininterestpayable
-3259000 USD
CY2019 earn Increasedecreaseininterestpayable
Increasedecreaseininterestpayable
-1252000 USD
CY2020 earn Increase Decrease In Management Fee Payable
IncreaseDecreaseInManagementFeePayable
21000 USD
CY2019 earn Increase Decrease In Management Fee Payable
IncreaseDecreaseInManagementFeePayable
26000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
24369000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
17533000 USD
CY2020 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
944301000 USD
CY2019 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1577361000 USD
CY2020 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
1002268000 USD
CY2019 us-gaap Proceeds From Sale Of Other Investments
ProceedsFromSaleOfOtherInvestments
1619619000 USD
CY2020 earn Principal Repayments Of Securities
PrincipalRepaymentsOfSecurities
264297000 USD
CY2019 earn Principal Repayments Of Securities
PrincipalRepaymentsOfSecurities
209961000 USD
CY2020 us-gaap Investment Sold Not Yet Purchased Sale Proceeds
InvestmentSoldNotYetPurchasedSaleProceeds
281986000 USD
CY2019 us-gaap Investment Sold Not Yet Purchased Sale Proceeds
InvestmentSoldNotYetPurchasedSaleProceeds
596902000 USD
CY2020 earn Repurchaseofinvestmentssoldshort
Repurchaseofinvestmentssoldshort
286676000 USD
CY2019 earn Repurchaseofinvestmentssoldshort
Repurchaseofinvestmentssoldshort
595453000 USD
CY2020 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
24236000 USD
CY2019 us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
13147000 USD
CY2020 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
37609000 USD
CY2019 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
52561000 USD
CY2020 us-gaap Payments For Securities Purchased Under Agreements To Resell
PaymentsForSecuritiesPurchasedUnderAgreementsToResell
5659331000 USD
CY2019 us-gaap Payments For Securities Purchased Under Agreements To Resell
PaymentsForSecuritiesPurchasedUnderAgreementsToResell
7743322000 USD
CY2020 us-gaap Proceeds From Securities Purchased Under Agreements To Resell
ProceedsFromSecuritiesPurchasedUnderAgreementsToResell
5661415000 USD
CY2019 us-gaap Proceeds From Securities Purchased Under Agreements To Resell
ProceedsFromSecuritiesPurchasedUnderAgreementsToResell
7741617000 USD
CY2020 earn Duefrombrokersnetinvestingactivities
Duefrombrokersnetinvestingactivities
3239000 USD
CY2019 earn Duefrombrokersnetinvestingactivities
Duefrombrokersnetinvestingactivities
-9488000 USD
CY2020 earn Duetobrokersnetinvestingactivities
Duetobrokersnetinvestingactivities
1013000 USD
CY2019 earn Duetobrokersnetinvestingactivities
Duetobrokersnetinvestingactivities
-182000 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
304059000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
221855000 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
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
986000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
747000 USD
CY2020 us-gaap Payments Of Dividends
PaymentsOfDividends
13841000 USD
CY2019 us-gaap Payments Of Dividends
PaymentsOfDividends
15467000 USD
CY2020 earn Borrowingsunderrepurchaseagreements
Borrowingsunderrepurchaseagreements
2181432000 USD
CY2019 earn Borrowingsunderrepurchaseagreements
Borrowingsunderrepurchaseagreements
2038303000 USD
CY2020 earn Repaymentsofrepurchaseagreements
Repaymentsofrepurchaseagreements
2462459000 USD
CY2019 earn Repaymentsofrepurchaseagreements
Repaymentsofrepurchaseagreements
2223592000 USD
CY2020 earn Duefrombrokersnetfinancingactivities
Duefrombrokersnetfinancingactivities
9761000 USD
CY2019 earn Duefrombrokersnetfinancingactivities
Duefrombrokersnetfinancingactivities
20193000 USD
CY2020 earn Duetobrokersnetfinancingactivities
Duetobrokersnetfinancingactivities
2000 USD
CY2019 earn Duetobrokersnetfinancingactivities
Duetobrokersnetfinancingactivities
-926000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-305613000 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-222622000 USD
CY2020 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
22815000 USD
CY2019 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
16766000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
58166000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35351000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
13225000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
36528000 USD
CY2020Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3456000 USD
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3488000 USD
CY2020 earn Required Distributionof Taxable Net Income Percentageon Annual Basis
RequiredDistributionofTaxableNetIncomePercentageonAnnualBasis
0.90
CY2020 earn Intended Distributionof Taxable Net Income Percentageon Annual Basis
IntendedDistributionofTaxableNetIncomePercentageonAnnualBasis
1
CY2020 us-gaap Revenue Recognition Interest
RevenueRecognitionInterest
Interest Income: 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. <div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 estimating future expected cash flows, management uses 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. Changes in estimated future 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><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain of the Company's debt securities, at the date of acquisition, have experienced or are expected to experience more-than-insignificant deterioration in credit quality since origination. For periods subsequent to the Company's application of the principles of ASU 2016-13, if at the date of acquisition for a particular asset the Company projects a significant difference between contractual cash flows and expected cash flows, it establishes an initial estimate for credit losses as an upward adjustment to the acquisition cost of the asset for the purpose of calculating interest income using the effective yield method.</span></div><div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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>
CY2020 earn Required Distributionof Taxable Net Income Percentageon Annual Basis
RequiredDistributionofTaxableNetIncomePercentageonAnnualBasis
0.90
CY2020 earn Catchup Premium Amortization Adjustment
CatchupPremiumAmortizationAdjustment
-4600000 USD
CY2019 earn Catchup Premium Amortization Adjustment
CatchupPremiumAmortizationAdjustment
-5900000 USD
CY2020 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
3300000 USD
CY2020Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
-2600000 USD
CY2020 us-gaap Debt Securities Available For Sale Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
DebtSecuritiesAvailableForSalePurchasedWithCreditDeteriorationAllowanceForCreditLossAtAcquisitionDate
-700000 USD
CY2019 us-gaap Other Than Temporary Impairment Loss Debt Securities Portion Recognized In Earnings
OtherThanTemporaryImpairmentLossDebtSecuritiesPortionRecognizedInEarnings
-4300000 USD
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
2791000 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
4180000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
6630000 USD
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
2047000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-3839000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
2133000 USD
CY2020 earn Netrealizedgainslossesonperiodicsettementsofinterestrateswaps
Netrealizedgainslossesonperiodicsettementsofinterestrateswaps
-810000 USD
CY2020 earn Netrealizedgainslossesotherthanonperiodicsettementsofinterestrateswaps
Netrealizedgainslossesotherthanonperiodicsettementsofinterestrateswaps
-12394000 USD
CY2020 earn Netrealizedgainslossesonfinancialderivatives
Netrealizedgainslossesonfinancialderivatives
-13204000 USD
CY2020 earn Unrealizedgainlossonaccruedperiodicsettlementsoninterestrateswaps
Unrealizedgainlossonaccruedperiodicsettlementsoninterestrateswaps
-134000 USD
CY2020 earn Unrealizedgainlossonotherthanaccuredperiodicsettlementsoninterestrateswaps
Unrealizedgainlossonotherthanaccuredperiodicsettlementsoninterestrateswaps
-5821000 USD
CY2020 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-5955000 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
CY2020Q4 earn Numberof Counterpartieswith Outstanding Repurchase Agreements
NumberofCounterpartieswithOutstandingRepurchaseAgreements
15 counterparties
CY2020 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div style="margin-top:9pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table details the Company's outstanding borrowings under repurchase agreements as of December 31, 2020 and 2019:</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;vertical-align:top;width:100.000%"><tr><td style="width:1.0%"/><td style="width:22.876%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.765%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.572%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.180%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.765%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.572%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.190%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2020</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="15" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">December 31, 2019</span></td></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted Average</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Weighted Average</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Remaining Days to Maturity</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Borrowings Outstanding</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Interest Rate</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Remaining Days to Maturity</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Borrowings Outstanding</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Interest Rate</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Remaining Days to Maturity</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:100%">(In thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">30 days or less</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">307,544 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.27 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">513,092 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.10 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">15</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">31-60 days</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">541,104 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.23 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">44</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">549,541 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.91 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">45</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">61-90 days</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">92,314 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.26 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">233,639 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1.97 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">74</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">121-150 days</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2,371 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.27 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">126</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">151-180 days</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">53,150 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.32 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">162</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">181-360 days</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">18,762 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.26 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">257</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,015,245 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">0.25 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">48</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,296,272 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">2.00 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">39</span></td></tr></table></div>
CY2020Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
1015245000 USD
CY2020Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0025
CY2020 us-gaap Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1
RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1
P48D
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
CY2020Q4 us-gaap Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements
PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
1000000000.0 USD
CY2019Q4 us-gaap Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements
PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
1300000000 USD
CY2020 earn Repurchase Agreement Counterparty Concentration Risk Threshold
RepurchaseAgreementCounterpartyConcentrationRiskThreshold
0.10
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
2791000 USD
CY2020Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
1774000 USD
CY2020Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
230000 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
787000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
6630000 USD
CY2020Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
1774000 USD
CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
4530000 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
326000 USD
CY2020Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
1015245000 USD
CY2020Q4 us-gaap Securities Purchased Under Agreements To Resell Not Offset Policy Election Deduction
SecuritiesPurchasedUnderAgreementsToResellNotOffsetPolicyElectionDeduction
0 USD
CY2020Q4 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
34684000 USD
CY2020Q4 us-gaap Securities Sold Under Agreements To Repurchase Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesSoldUnderAgreementsToRepurchaseOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 USD
CY2020Q4 us-gaap Securities Sold Under Agreements To Repurchase Fair Value Of Collateral
SecuritiesSoldUnderAgreementsToRepurchaseFairValueOfCollateral
1000000000.0 USD
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
4180000 USD
CY2019 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
73816 shares
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
1300000000 USD
CY2020 earn Expenses Reimbursedto Related Party
ExpensesReimbursedtoRelatedParty
2000000.0 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
20112000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
22256000 USD
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12353246 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12461054 shares
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.63
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.79
CY2020Q4 earn Annual Base Management Fee Percent
AnnualBaseManagementFeePercent
0.0150
CY2020 us-gaap Management Fee Expense
ManagementFeeExpense
2400000 USD
CY2020 earn Related Party Transaction Expense Reimbursement Period
RelatedPartyTransactionExpenseReimbursementPeriod
P60D
CY2019 earn Expenses Reimbursedto Related Party
ExpensesReimbursedtoRelatedParty
2100000 USD
CY2020 earn Related Party Transaction Termination Fee Percentage
RelatedPartyTransactionTerminationFeePercentage
0.05
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12343542 shares
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12455758 shares
CY2020Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12455758 shares
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12507213 shares
CY2020 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
23926 shares
CY2019 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
22361 shares
CY2020 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
136142 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12343542 shares
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12455758 shares
CY2020Q4 earn Unvestedrestrictedsharesoutstanding
Unvestedrestrictedsharesoutstanding
27594 shares
CY2019Q4 earn Unvestedrestrictedsharesoutstanding
Unvestedrestrictedsharesoutstanding
25476 shares
CY2020Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
274798 shares
CY2018Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1200000 shares
CY2020 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
136142 shares
CY2020 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1000000.0 USD
CY2020 earn Stock Repurchases Average Price Per Share
StockRepurchasesAveragePricePerShare
7.24
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
434171 shares
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
4100000 USD
earn Stock Repurchases Average Price Per Share
StockRepurchasesAveragePricePerShare
9.45
CY2020 earn Intended Distributionof Taxable Net Income Percentageon Annual Basis
IntendedDistributionofTaxableNetIncomePercentageonAnnualBasis
1
CY2020Q1 us-gaap Interest Income Operating
InterestIncomeOperating
9881000 USD
CY2020Q2 us-gaap Interest Income Operating
InterestIncomeOperating
3489000 USD
CY2020Q3 us-gaap Interest Income Operating
InterestIncomeOperating
7776000 USD
CY2020Q4 us-gaap Interest Income Operating
InterestIncomeOperating
6174000 USD
CY2020Q1 earn Interestexpensegross
Interestexpensegross
6100000 USD
CY2020Q2 earn Interestexpensegross
Interestexpensegross
2330000 USD
CY2020Q3 earn Interestexpensegross
Interestexpensegross
819000 USD
CY2020Q4 earn Interestexpensegross
Interestexpensegross
716000 USD
CY2020Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
3781000 USD
CY2020Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1159000 USD
CY2020Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6957000 USD
CY2020Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5458000 USD
CY2020Q1 us-gaap Management Fee Expense
ManagementFeeExpense
526000 USD
CY2020Q2 us-gaap Management Fee Expense
ManagementFeeExpense
594000 USD
CY2020Q3 us-gaap Management Fee Expense
ManagementFeeExpense
611000 USD
CY2020Q4 us-gaap Management Fee Expense
ManagementFeeExpense
626000 USD
CY2020Q1 us-gaap Professional Fees
ProfessionalFees
208000 USD
CY2020Q2 us-gaap Professional Fees
ProfessionalFees
598000 USD
CY2020Q3 us-gaap Professional Fees
ProfessionalFees
237000 USD
CY2020Q4 us-gaap Professional Fees
ProfessionalFees
199000 USD
CY2020Q1 us-gaap Salaries And Wages
SalariesAndWages
151000 USD
CY2020Q2 us-gaap Salaries And Wages
SalariesAndWages
142000 USD
CY2020Q3 us-gaap Salaries And Wages
SalariesAndWages
140000 USD
CY2020Q4 us-gaap Salaries And Wages
SalariesAndWages
175000 USD
CY2020Q1 us-gaap General Insurance Expense
GeneralInsuranceExpense
76000 USD
CY2020Q2 us-gaap General Insurance Expense
GeneralInsuranceExpense
82000 USD
CY2020Q3 us-gaap General Insurance Expense
GeneralInsuranceExpense
82000 USD
CY2020Q4 us-gaap General Insurance Expense
GeneralInsuranceExpense
82000 USD
CY2020Q1 us-gaap Other Expenses
OtherExpenses
327000 USD
CY2020Q2 us-gaap Other Expenses
OtherExpenses
316000 USD
CY2020Q3 us-gaap Other Expenses
OtherExpenses
336000 USD
CY2020Q4 us-gaap Other Expenses
OtherExpenses
318000 USD
CY2020Q1 us-gaap Operating Expenses
OperatingExpenses
1288000 USD
CY2020Q2 us-gaap Operating Expenses
OperatingExpenses
1732000 USD
CY2020Q3 us-gaap Operating Expenses
OperatingExpenses
1406000 USD
CY2020Q4 us-gaap Operating Expenses
OperatingExpenses
1400000 USD
CY2020Q1 earn Netrealizedgainslossesonsecuritiesandfinancialderivatives
Netrealizedgainslossesonsecuritiesandfinancialderivatives
-5406000 USD
CY2020Q2 earn Netrealizedgainslossesonsecuritiesandfinancialderivatives
Netrealizedgainslossesonsecuritiesandfinancialderivatives
-3277000 USD
CY2020Q3 earn Netrealizedgainslossesonsecuritiesandfinancialderivatives
Netrealizedgainslossesonsecuritiesandfinancialderivatives
4339000 USD
CY2020Q4 earn Netrealizedgainslossesonsecuritiesandfinancialderivatives
Netrealizedgainslossesonsecuritiesandfinancialderivatives
3257000 USD
CY2020Q1 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
-13832000 USD
CY2020Q2 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
25195000 USD
CY2020Q3 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
-1772000 USD
CY2020Q4 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
79000 USD
CY2020Q1 earn Net Realizedand Unrealized Gain Loss On Investmentsand Financial Derivatives
NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives
-19238000 USD
CY2020Q2 earn Net Realizedand Unrealized Gain Loss On Investmentsand Financial Derivatives
NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives
21918000 USD
CY2020Q3 earn Net Realizedand Unrealized Gain Loss On Investmentsand Financial Derivatives
NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives
2567000 USD
CY2020Q4 earn Net Realizedand Unrealized Gain Loss On Investmentsand Financial Derivatives
NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives
3336000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-16745000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
21345000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
8118000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
7394000 USD
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.35
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.73
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2020Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.60
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
CY2020Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
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
CY2019Q2 us-gaap Other Expenses
OtherExpenses
325000 USD
CY2019Q3 us-gaap Other Expenses
OtherExpenses
341000 USD
CY2019Q4 us-gaap Other Expenses
OtherExpenses
320000 USD
CY2019Q1 us-gaap Operating Expenses
OperatingExpenses
1368000 USD
CY2019Q3 us-gaap Operating Expenses
OperatingExpenses
1345000 USD
CY2019Q4 us-gaap Operating Expenses
OperatingExpenses
1275000 USD
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
1300000 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
CY2019Q1 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
21003000 USD
CY2019Q2 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
6069000 USD
CY2019Q3 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
3707000 USD
CY2019Q4 earn Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
Changeinnetunrealizedgainslossesonsecuritiesandfinancialderivatives
24890000 USD
CY2019Q1 earn Net Realizedand Unrealized Gain Loss On Investmentsand Financial Derivatives
NetRealizedandUnrealizedGainLossOnInvestmentsandFinancialDerivatives
7238000 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
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
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28

Files In Submission

Name View Source Status
0001560672-21-000010-index-headers.html Edgar Link pending
0001560672-21-000010-index.html Edgar Link pending
0001560672-21-000010.txt Edgar Link pending
0001560672-21-000010-xbrl.zip Edgar Link pending
earn-20201231.htm Edgar Link pending
earn-20201231.xsd Edgar Link pending
earn-20201231_cal.xml Edgar Link unprocessable
earn-20201231_def.xml Edgar Link unprocessable
earn-20201231_htm.xml Edgar Link completed
earn-20201231_lab.xml Edgar Link unprocessable
earn-20201231_pre.xml Edgar Link unprocessable
earn20201231exhibit211.htm Edgar Link pending
earn20201231exhibit231.htm Edgar Link pending
earn20201231exhibit311.htm Edgar Link pending
earn20201231exhibit312.htm Edgar Link pending
earn20201231exhibit321.htm Edgar Link pending
earn20201231exhibit322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending