2018 Q2 Form 10-Q Financial Statement
#000170364418000071 Filed on August 07, 2018
Income Statement
Concept | 2018 Q2 | 2017 Q2 |
---|---|---|
Revenue | $43.51M | $26.10M |
YoY Change | 66.7% | 92.62% |
Cost Of Revenue | $24.35M | $9.700M |
YoY Change | 151.03% | 129.86% |
Gross Profit | $19.72M | $16.40M |
YoY Change | 20.24% | 75.21% |
Gross Profit Margin | 45.32% | 62.84% |
Selling, General & Admin | $4.500M | $2.210M |
YoY Change | 103.62% | 45.39% |
% of Gross Profit | 22.82% | 13.48% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $0.00 | |
YoY Change | ||
% of Gross Profit | 0.0% | |
Operating Expenses | $4.500M | $2.210M |
YoY Change | 103.62% | 46.36% |
Operating Profit | $15.22M | $14.19M |
YoY Change | 7.26% | 80.76% |
Interest Expense | $21.24M | $7.773M |
YoY Change | 173.19% | 201.75% |
% of Operating Profit | 139.52% | 54.78% |
Other Income/Expense, Net | $564.0K | $0.00 |
YoY Change | -100.0% | |
Pretax Income | $15.23M | $14.20M |
YoY Change | 7.26% | 81.13% |
Income Tax | -$2.000K | -$2.000K |
% Of Pretax Income | -0.01% | -0.01% |
Net Earnings | $15.23M | $14.20M |
YoY Change | 7.26% | 81.13% |
Net Earnings / Revenue | 35.0% | 54.39% |
Basic Earnings Per Share | $0.35 | $0.00 |
Diluted Earnings Per Share | $0.34 | $0.00 |
COMMON SHARES | ||
Basic Shares Outstanding | 43.45M shares | 43.23M shares |
Diluted Shares Outstanding | 50.63M shares | 43.23M shares |
Balance Sheet
Concept | 2018 Q2 | 2017 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $92.30M | $249.1M |
YoY Change | -62.95% | |
Cash & Equivalents | $92.26M | $249.1M |
Short-Term Investments | ||
Other Short-Term Assets | $200.0K | |
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | $7.600M | $15.40M |
Other Receivables | $0.00 | $400.0K |
Total Short-Term Assets | $100.1M | $264.9M |
YoY Change | -62.21% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $2.530B | $1.796B |
YoY Change | 40.91% | |
Other Assets | $23.40M | $11.50M |
YoY Change | 103.48% | |
Total Long-Term Assets | $2.568B | $1.807B |
YoY Change | 42.1% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $100.1M | $264.9M |
Total Long-Term Assets | $2.568B | $1.807B |
Total Assets | $2.668B | $2.072B |
YoY Change | 28.76% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | $11.50M | $4.300M |
YoY Change | 167.44% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $523.0M | $685.0M |
YoY Change | -23.65% | |
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $551.9M | $691.1M |
YoY Change | -20.14% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $1.288B | $547.4M |
YoY Change | 135.31% | |
Other Long-Term Liabilities | $600.0K | $100.0K |
YoY Change | 500.0% | |
Total Long-Term Liabilities | $1.289B | $547.5M |
YoY Change | 135.38% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $551.9M | $691.1M |
Total Long-Term Liabilities | $1.289B | $547.5M |
Total Liabilities | $1.841B | $1.239B |
YoY Change | 48.6% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | $435.0K | $432.0K |
YoY Change | 0.69% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $826.4M | $832.4M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $2.668B | $2.072B |
YoY Change | 28.76% |
Cashflow Statement
Concept | 2018 Q2 | 2017 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $15.23M | $14.20M |
YoY Change | 7.26% | 81.13% |
Depreciation, Depletion And Amortization | $0.00 | |
YoY Change | ||
Cash From Operating Activities | $13.89M | -$17.09M |
YoY Change | -181.28% | -292.02% |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$112.1M | -$232.4M |
YoY Change | -51.77% | 31.3% |
Cash From Investing Activities | -$112.1M | -$232.4M |
YoY Change | -51.77% | 31.3% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $181.9M | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 129.9M | 464.0M |
YoY Change | -72.02% | 168.71% |
NET CHANGE | ||
Cash From Operating Activities | 13.89M | -17.09M |
Cash From Investing Activities | -112.1M | -232.4M |
Cash From Financing Activities | 129.9M | 464.0M |
Net Change In Cash | 31.69M | 214.6M |
YoY Change | -85.23% | 4544.81% |
FREE CASH FLOW | ||
Cash From Operating Activities | $13.89M | -$17.09M |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
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|
Q2 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2018 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2018-06-30 | ||
dei |
Document Type
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|
10-Q | ||
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|
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Comprehensive Income Loss Attributableto Common Stockholders
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27747000 | USD | |
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Comprehensive Income Loss Attributableto Common Stockholders
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15186000 | USD |
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Comprehensive Income Loss Attributableto Common Stockholders
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Debt Securities Availableforsale Face Value
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Heldto Maturity Securities Face Value
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Heldto Maturity Securities Unamortized Premium Discount
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Heldto Maturity Securities Unamortized Premium Discount
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Incentive Fee Calculation Core Earnings Multiplication Factor
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|
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Net Income Availableto Common Stockholders
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27651000 | USD | |
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Securitized Debt Obligations Fair Value Disclosure
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|
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gpmt |
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gpmt |
Subservicing Expense
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|
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Two Harbors Investment Corp Distributionof Special Dividend Shares
TwoHarborsInvestmentCorpDistributionofSpecialDividendShares
|
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Unamortized Discountsor Premiums Loans Heldfor Investment
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-178000 | USD |
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Unamortized Discountsor Premiums Loans Heldfor Investment
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Unamortized Net Deferred Origination Fees Loans Heldfor Investment
UnamortizedNetDeferredOriginationFeesLoansHeldforInvestment
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Weighted Average Numberof Shares Outstanding
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|
43084205 | shares | |
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Weighted Average Numberof Shares Outstanding
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gpmt |
Weighted Average Numberof Shares Outstanding
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|
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|
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Weighted Average Yearsto Maturity Loans Heldfor Investment
WeightedAverageYearstoMaturityLoansHeldforInvestment
|
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Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
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srt |
Mortgage Loans On Real Estate Collections Of Principal
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|
1490000 | USD | |
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Mortgage Loans On Real Estate Collections Of Principal
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srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
420679000 | USD | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
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|
4114000 | USD | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
5893000 | USD | |
CY2017Q2 | us-gaap |
Allocated Share Based Compensation Expense
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|
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us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
0 | USD | |
CY2018Q2 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1202000 | USD |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1867000 | USD | |
CY2017Q2 | us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
1708000 | USD |
us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
4131000 | USD | |
CY2018Q2 | us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
3182000 | USD |
us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
5875000 | USD | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
0 | USD | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1102000 | USD | |
CY2017Q2 | us-gaap |
Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
0 | USD |
us-gaap |
Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
0 | USD | |
CY2018Q2 | us-gaap |
Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
564000 | USD |
us-gaap |
Ancillary Fee Income Generated By Servicing Financial Assets Amount
AncillaryFeeIncomeGeneratedByServicingFinancialAssetsAmount
|
1446000 | USD | |
CY2017Q4 | us-gaap |
Assets
Assets
|
2499130000 | USD |
CY2018Q2 | us-gaap |
Assets
Assets
|
2667897000 | USD |
CY2017Q4 | us-gaap |
Assets Sold Under Agreements To Repurchase Interest Rate
AssetsSoldUnderAgreementsToRepurchaseInterestRate
|
0.03783 | |
CY2018Q2 | us-gaap |
Assets Sold Under Agreements To Repurchase Interest Rate
AssetsSoldUnderAgreementsToRepurchaseInterestRate
|
0.0436 | |
CY2017Q4 | us-gaap |
Assets Sold Under Agreements To Repurchase Market Value
AssetsSoldUnderAgreementsToRepurchaseMarketValue
|
2257581000 | USD |
CY2018Q2 | us-gaap |
Assets Sold Under Agreements To Repurchase Market Value
AssetsSoldUnderAgreementsToRepurchaseMarketValue
|
1524459000 | USD |
CY2017Q4 | us-gaap |
Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
|
1521608000 | USD |
CY2018Q2 | us-gaap |
Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
|
1019009000 | USD |
CY2017Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
0 | USD |
CY2018Q2 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
|
0 | USD |
CY2017Q4 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
0 | USD |
CY2018Q2 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
0 | USD |
CY2017Q4 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
12798000 | USD |
CY2018Q2 | us-gaap |
Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
|
12798000 | USD |
CY2017Q4 | us-gaap |
Beneficial Interest
BeneficialInterest
|
0 | USD |
CY2018Q2 | us-gaap |
Beneficial Interest
BeneficialInterest
|
652107000 | USD |
CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
107765000 | USD |
CY2018Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
92264000 | USD |
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
56279000 | USD |
CY2017Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
251475000 | USD |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
110718000 | USD |
CY2018Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
108762000 | USD |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
195196000 | USD | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1956000 | USD | |
CY2017Q4 | us-gaap |
Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
|
3000000 | USD |
CY2018Q2 | us-gaap |
Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
|
6000000 | USD |
CY2017Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0 | ||
CY2018Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.4 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.78 | ||
CY2017Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2018Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
CY2018Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
CY2017Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
43235103 | shares |
CY2018Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
43456234 | shares |
CY2016Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
0 | shares |
CY2017Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
43234205 | shares |
CY2017Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
43235103 | shares |
CY2017Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
43235103 | shares |
CY2018Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
43456234 | shares |
CY2018Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
43456234 | shares |
CY2017Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
432000 | USD |
CY2018Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
435000 | USD |
CY2017Q4 | us-gaap |
Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
|
125750000 | USD |
CY2018Q2 | us-gaap |
Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
|
146869000 | USD |
CY2017Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
121314000 | USD |
CY2018Q2 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
139930000 | USD |
CY2017Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
4132000 | USD |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
8389000 | USD | |
CY2018Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
7613000 | USD |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
15512000 | USD | |
CY2017Q4 | us-gaap |
Cumulative Dividends
CumulativeDividends
|
30315000 | USD |
CY2018Q2 | us-gaap |
Cumulative Dividends
CumulativeDividends
|
64254000 | USD |
CY2017Q4 | us-gaap |
Cumulative Earnings Deficit
CumulativeEarningsDeficit
|
28800000 | USD |
CY2018Q2 | us-gaap |
Cumulative Earnings Deficit
CumulativeEarningsDeficit
|
58613000 | USD |
CY2017Q2 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
-1000 | USD |
us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
-3000 | USD | |
CY2018Q2 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | USD |
us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
-1000 | USD | |
CY2017Q2 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-2000 | USD |
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-1000 | USD | |
CY2018Q2 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | USD |
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
1000 | USD | |
CY2017Q2 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
-1000 | USD |
us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
2000 | USD | |
CY2018Q2 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
0 | USD |
us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
2000 | USD | |
us-gaap |
Debt Instrument Convertible Conversion Ratio1
DebtInstrumentConvertibleConversionRatio1
|
0.05 | ||
us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2022-12-01 | ||
CY2018Q2 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.032 | |
CY2017Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | USD |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
0 | USD | |
CY2018Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-2000 | USD |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-2000 | USD | |
CY2017Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
197000 | USD |
CY2018Q2 | us-gaap |
Deferred Revenue
DeferredRevenue
|
610000 | USD |
us-gaap |
Depreciation
Depreciation
|
0 | USD | |
us-gaap |
Depreciation
Depreciation
|
3000 | USD | |
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
33889000 | USD | |
CY2017Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
0 | USD |
CY2017Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
16454000 | USD |
CY2018Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
17408000 | USD |
CY2018Q2 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
25000 | USD |
us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
50000 | USD | |
us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
50000 | USD | |
CY2017Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | ||
CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.35 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.69 | ||
CY2017Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | ||
CY2018Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.34 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.67 | ||
CY2017 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.35 | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | ||
CY2018Q2 | us-gaap |
Escrow Deposit
EscrowDeposit
|
10478000 | USD |
CY2017Q4 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
42169000 | USD |
CY2018Q2 | us-gaap |
Held To Maturity Securities
HeldToMaturitySecurities
|
33659000 | USD |
CY2017Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
14195000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
27650000 | USD | |
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
15225000 | USD |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
29812000 | USD | |
CY2017Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-2000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1000 | USD | |
CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-2000 | USD |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2000 | USD | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-5000 | USD | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
1188000 | USD | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
450000 | USD | |
us-gaap |
Increase Decrease In Brokerage Receivables
IncreaseDecreaseInBrokerageReceivables
|
112000 | USD | |
us-gaap |
Increase Decrease In Brokerage Receivables
IncreaseDecreaseInBrokerageReceivables
|
0 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-29000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
413000 | USD | |
us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
-19703000 | USD | |
us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
0 | USD | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
376000 | USD | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
161000 | USD | |
CY2017Q2 | us-gaap |
Increase Decrease In Loans Deferred Income
IncreaseDecreaseInLoansDeferredIncome
|
-3771000 | USD |
us-gaap |
Increase Decrease In Loans Deferred Income
IncreaseDecreaseInLoansDeferredIncome
|
-5710000 | USD | |
CY2018Q2 | us-gaap |
Increase Decrease In Loans Deferred Income
IncreaseDecreaseInLoansDeferredIncome
|
-5919000 | USD |
us-gaap |
Increase Decrease In Loans Deferred Income
IncreaseDecreaseInLoansDeferredIncome
|
-8004000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
2763000 | USD | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1511000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
2726000 | USD | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
1374000 | USD | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
0 | USD | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-143000 | USD | |
CY2017Q2 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
26100000 | USD |
us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
49918000 | USD | |
CY2018Q2 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
43509000 | USD |
us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
83486000 | USD | |
CY2017Q2 | us-gaap |
Interest And Dividend Income Securities Held To Maturity
InterestAndDividendIncomeSecuritiesHeldToMaturity
|
920000 | USD |
us-gaap |
Interest And Dividend Income Securities Held To Maturity
InterestAndDividendIncomeSecuritiesHeldToMaturity
|
1852000 | USD | |
CY2018Q2 | us-gaap |
Interest And Dividend Income Securities Held To Maturity
InterestAndDividendIncomeSecuritiesHeldToMaturity
|
836000 | USD |
us-gaap |
Interest And Dividend Income Securities Held To Maturity
InterestAndDividendIncomeSecuritiesHeldToMaturity
|
1721000 | USD | |
CY2017Q2 | us-gaap |
Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
|
24920000 | USD |
us-gaap |
Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
|
47558000 | USD | |
CY2018Q2 | us-gaap |
Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
|
42359000 | USD |
us-gaap |
Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
|
81152000 | USD | |
CY2017Q2 | us-gaap |
Interest Expense
InterestExpense
|
7773000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
13879000 | USD | |
CY2018Q2 | us-gaap |
Interest Expense
InterestExpense
|
21235000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
39608000 | USD | |
CY2017Q2 | us-gaap |
Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities
InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities
|
0 | USD |
us-gaap |
Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities
InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities
|
0 | USD | |
CY2018Q2 | us-gaap |
Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities
InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities
|
3875000 | USD |
us-gaap |
Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities
InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities
|
3875000 | USD | |
CY2017Q2 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
2280000 | USD |
us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
3630000 | USD | |
CY2018Q2 | us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | USD |
us-gaap |
Interest Expense Related Party
InterestExpenseRelatedParty
|
0 | USD | |
CY2017Q2 | us-gaap |
Interest Income Debt Securities Available For Sale Operating
InterestIncomeDebtSecuritiesAvailableForSaleOperating
|
256000 | USD |
us-gaap |
Interest Income Debt Securities Available For Sale Operating
InterestIncomeDebtSecuritiesAvailableForSaleOperating
|
502000 | USD | |
CY2018Q2 | us-gaap |
Interest Income Debt Securities Available For Sale Operating
InterestIncomeDebtSecuritiesAvailableForSaleOperating
|
285000 | USD |
us-gaap |
Interest Income Debt Securities Available For Sale Operating
InterestIncomeDebtSecuritiesAvailableForSaleOperating
|
557000 | USD | |
CY2017Q2 | us-gaap |
Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
|
4000 | USD |
us-gaap |
Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
|
6000 | USD | |
CY2018Q2 | us-gaap |
Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
|
29000 | USD |
us-gaap |
Interest Income Domestic Deposits
InterestIncomeDomesticDeposits
|
56000 | USD | |
CY2017Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
18327000 | USD |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
36039000 | USD | |
CY2018Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
22274000 | USD |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
43878000 | USD | |
CY2017Q2 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
0 | USD |
us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
0 | USD | |
CY2018Q2 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
2198000 | USD |
us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
4369000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
13503000 | USD | |
us-gaap |
Interest Paid
InterestPaid
|
39447000 | USD | |
CY2017Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
3119000 | USD |
CY2018Q2 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
3280000 | USD |
CY2017Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
7105000 | USD |
CY2018Q2 | us-gaap |
Interest Receivable
InterestReceivable
|
7555000 | USD |
us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
378048000 | USD | |
CY2018Q2 | us-gaap |
Liabilities
Liabilities
|
1840535000 | USD |
CY2018Q2 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
445944000 | USD |
CY2018Q2 | us-gaap |
Mortgage Backed Securities Held To Maturity Fair Value Disclosure
MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure
|
34120000 | USD |
CY2016Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
1364291000 | USD |
CY2017Q1 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
1502966000 | USD |
CY2017Q2 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
1739253000 | USD |
CY2017Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
2304266000 | USD |
CY2018Q1 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
2364647000 | USD |
CY2018Q2 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
2483606000 | USD |
CY2017Q2 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
238664000 | USD |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
1669509000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2499130000 | USD |
CY2018Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2667897000 | USD |
CY2017Q4 | us-gaap |
Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
|
2324151000 | USD |
CY2018Q2 | us-gaap |
Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
|
2505602000 | USD |
CY2017Q4 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
2304266000 | USD |
CY2018Q2 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
2483606000 | USD |
CY2017Q4 | us-gaap |
Loans Pledged As Collateral
LoansPledgedAsCollateral
|
2202049000 | USD |
CY2018Q2 | us-gaap |
Loans Pledged As Collateral
LoansPledgedAsCollateral
|
2283987000 | USD |
CY2017Q4 | us-gaap |
Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
|
2322259000 | USD |
CY2018Q2 | us-gaap |
Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
|
2515209000 | USD |
CY2017Q2 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
1925000 | USD |
us-gaap |
Management Fee Expense
ManagementFeeExpense
|
3587000 | USD | |
CY2018Q2 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
3114000 | USD |
us-gaap |
Management Fee Expense
ManagementFeeExpense
|
6323000 | USD | |
CY2017Q2 | us-gaap |
Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
|
0.765 | |
CY2017Q4 | us-gaap |
Mortgage Backed Securities Held To Maturity Fair Value Disclosure
MortgageBackedSecuritiesHeldToMaturityFairValueDisclosure
|
42797000 | USD |
us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
602130000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
557444000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
135959000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-366204000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-164937000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3956000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
27022000 | USD | |
CY2017Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
14197000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
27651000 | USD | |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
15227000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
29813000 | USD | |
CY2017Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
169000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
169000 | USD | |
CY2018Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
15202000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
29763000 | USD | |
CY2017Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
169000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
169000 | USD | |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
96000 | USD | |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
16000 | USD |
CY2018Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
17400000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
34132000 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
|
651000000 | USD | |
us-gaap |
Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
|
0 | USD | |
CY2017Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
0 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
0 | USD | |
CY2018Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
564000 | USD |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
1446000 | USD | |
CY2017Q4 | us-gaap |
Other Assets
OtherAssets
|
12812000 | USD |
CY2018Q2 | us-gaap |
Other Assets
OtherAssets
|
14320000 | USD |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-16000 | USD |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
0 | USD | |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
96000 | USD | |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
0 | USD | |
CY2017Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
16000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
96000 | USD | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-16000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
0 | USD | |
CY2017Q2 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
1900000 | USD |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
4173000 | USD | |
CY2018Q2 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
4005000 | USD |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
8237000 | USD | |
CY2017Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
6817000 | USD |
CY2018Q2 | us-gaap |
Other Liabilities
OtherLiabilities
|
8191000 | USD |
us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
60000000 | USD | |
us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
0 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
0 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
32935000 | USD | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
0 | USD | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
50000 | USD | |
CY2017 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
13125000 | USD |
us-gaap |
Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
|
372338000 | USD | |
us-gaap |
Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
|
594126000 | USD | |
CY2017Q4 | us-gaap |
Pledged Financial Instruments Not Separately Reported Other Debt Securities Available For Sale Or Held For Investment
PledgedFinancialInstrumentsNotSeparatelyReportedOtherDebtSecuritiesAvailableForSaleOrHeldForInvestment
|
12798000 | USD |
CY2018Q2 | us-gaap |
Pledged Financial Instruments Not Separately Reported Other Debt Securities Available For Sale Or Held For Investment
PledgedFinancialInstrumentsNotSeparatelyReportedOtherDebtSecuritiesAvailableForSaleOrHeldForInvestment
|
12798000 | USD |
CY2017Q4 | us-gaap |
Pledged Financial Instruments Not Separately Reported Other Debt Securities Held To Maturity
PledgedFinancialInstrumentsNotSeparatelyReportedOtherDebtSecuritiesHeldToMaturity
|
42169000 | USD |
CY2018Q2 | us-gaap |
Pledged Financial Instruments Not Separately Reported Other Debt Securities Held To Maturity
PledgedFinancialInstrumentsNotSeparatelyReportedOtherDebtSecuritiesHeldToMaturity
|
33659000 | USD |
us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.1 | ||
CY2017Q2 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
0 | USD |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
0 | USD | |
CY2018Q2 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
25000 | USD |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
50000 | USD | |
CY2018Q2 | us-gaap |
Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
|
1000 | |
CY2017Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2018Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2018Q2 | us-gaap |
Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
|
1000 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2018Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
1000 | shares |
CY2018Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
1000 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
1000 | shares |
CY2018Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
1000 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
1000000 | USD |
CY2018Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
1000000 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
390000 | USD |
CY2018Q2 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
247000 | USD |
us-gaap |
Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
|
254785000 | USD | |
us-gaap |
Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
|
0 | USD | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
0 | USD | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
18247000 | USD | |
CY2017 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
195000000 | USD |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
181875000 | USD | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD | |
CY2017 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
139522000 | USD |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
0 | USD | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
49394000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
4756000 | USD | |
us-gaap |
Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
|
8510000 | USD | |
us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
1490000 | USD | |
us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
420679000 | USD | |
us-gaap |
Proceeds From Securitizations Of Loans Held For Investment
ProceedsFromSecuritizationsOfLoansHeldForInvestment
|
0 | USD | |
us-gaap |
Proceeds From Securitizations Of Loans Held For Investment
ProceedsFromSecuritizationsOfLoansHeldForInvestment
|
651374000 | USD | |
CY2017Q2 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
0 | USD |
us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
0 | USD | |
CY2018Q2 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
0 | USD |
us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
0 | USD | |
us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
0 | USD | |
us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
0 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
0 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
49394000 | USD | |
CY2017Q4 | us-gaap |
Repurchase Agreement Counterparty Amount At Risk
RepurchaseAgreementCounterpartyAmountAtRisk
|
739991000 | USD |
CY2018Q2 | us-gaap |
Repurchase Agreement Counterparty Amount At Risk
RepurchaseAgreementCounterpartyAmountAtRisk
|
506550000 | USD |
CY2017 | us-gaap |
Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1
RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1
|
P1Y9M6D | |
us-gaap |
Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1
RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1
|
P1Y5M5D | ||
CY2017Q2 | us-gaap |
Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
|
5493000 | USD |
us-gaap |
Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
|
10249000 | USD | |
CY2018Q2 | us-gaap |
Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
|
14934000 | USD |
us-gaap |
Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
|
31128000 | USD | |
CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
2953000 | USD |
CY2018Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
16498000 | USD |
CY2017Q4 | us-gaap |
Securities Sold Under Agreements To Repurchase Asset
SecuritiesSoldUnderAgreementsToRepurchaseAsset
|
0 | USD |
CY2018Q2 | us-gaap |
Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
|
1019009000 | USD |
CY2017Q4 | us-gaap |
Securities Sold Under Agreements To Repurchase Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesSoldUnderAgreementsToRepurchaseOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
0 | USD |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
150000 | shares |
CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
321134 | shares |
CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
321134 | shares |
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
0.00 | |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
19.50 | |
CY2018Q2 | us-gaap |
Securities Sold Under Agreements To Repurchase Asset
SecuritiesSoldUnderAgreementsToRepurchaseAsset
|
0 | USD |
CY2017Q4 | us-gaap |
Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
|
0 | USD |
CY2018Q2 | us-gaap |
Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
|
0 | USD |
CY2017Q4 | us-gaap |
Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
|
1521608000 | USD |
CY2018Q2 | us-gaap |
Securities Sold Under Agreements To Repurchase Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesSoldUnderAgreementsToRepurchaseOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
0 | USD |
CY2017Q4 | us-gaap |
Securities Sold Under Agreements To Resell Not Offset Policy Election Deduction
SecuritiesSoldUnderAgreementsToResellNotOffsetPolicyElectionDeduction
|
1521608000 | USD |
CY2018Q2 | us-gaap |
Securities Sold Under Agreements To Resell Not Offset Policy Election Deduction
SecuritiesSoldUnderAgreementsToResellNotOffsetPolicyElectionDeduction
|
1019009000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1867000 | USD | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
0 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
0 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
|
0.00 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
|
0.00 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
163205 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
221131 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
19.50 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
17.38 | ||
CY2016Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
0 | shares |
CY2017Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
150000 | shares |
CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
19.50 | |
CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
|
18.04 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
13205 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
|
49997 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
19.50 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
|
19.50 | ||
CY2018Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
3242306 | shares |
CY2017Q2 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
19.50 | |
us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
43071000 | shares | |
us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
163205 | shares | |
us-gaap |
Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
|
221131 | shares | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
181875000 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
0 | USD | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1867000 | USD | |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
427991000 | USD |
CY2017Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
832398000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
828621000 | USD |
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
826362000 | USD |
CY2017Q4 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
8872000 | USD |
CY2018Q2 | us-gaap |
Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
|
6950000 | USD |
us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
323207 | shares | |
CY2017Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
46068000 | USD |
CY2018Q2 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
826998000 | USD |
CY2017Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
0 | USD |
CY2018Q2 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
652724000 | USD |
CY2017Q4 | us-gaap |
Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
|
54967000 | USD |
CY2018Q2 | us-gaap |
Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
|
46457000 | USD |
CY2017Q4 | us-gaap |
Variable Interest Entity Nonconsolidated Carrying Amount Assets
VariableInterestEntityNonconsolidatedCarryingAmountAssets
|
54967000 | USD |
CY2018Q2 | us-gaap |
Variable Interest Entity Nonconsolidated Carrying Amount Assets
VariableInterestEntityNonconsolidatedCarryingAmountAssets
|
46457000 | USD |
CY2017Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0 | shares | |
CY2018Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
7187500 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
7187500 | shares | |
CY2017Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43234205 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
43234205 | shares | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
50634463 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
50598296 | shares | |
CY2017Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
43234205 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
43234205 | shares | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
43446963 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
43410796 | shares | |
CY2017Q2 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
|
150000 | shares |
us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
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150000 | shares | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
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356915 | shares |
us-gaap |
Nature Of Operations
NatureOfOperations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization and Operations</font></div><div style="line-height:120%;padding-top:4px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granite Point Mortgage Trust Inc., or the Company, is a Maryland corporation that focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. The Company is externally managed by Pine River Capital Management L.P., or PRCM. The Company’s common stock is listed on the New York Stock Exchange, or NYSE, under the symbol “GPMT”.</font></div><div style="line-height:120%;padding-top:4px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company was incorporated on April 7, 2017 and commenced operations as a publicly traded company on June 28, 2017, upon completion of an initial public offering, or the IPO. Concurrently with the closing of the IPO, the Company completed a formation transaction, or the Formation Transaction, pursuant to which the Company acquired the equity interests in TH Commercial Holdings LLC, or the Predecessor, from Two Harbors Investment Corp., or Two Harbors, a publicly traded hybrid mortgage real estate investment trust (NYSE: TWO). In exchange, the Company issued </font><font style="font-family:inherit;font-size:10pt;">33,071,000</font><font style="font-family:inherit;font-size:10pt;"> shares of its common stock, representing approximately </font><font style="font-family:inherit;font-size:10pt;">76.5%</font><font style="font-family:inherit;font-size:10pt;"> of its outstanding common stock after the IPO, and </font><font style="font-family:inherit;font-size:10pt;">1,000</font><font style="font-family:inherit;font-size:10pt;"> shares of its </font><font style="font-family:inherit;font-size:10pt;">10%</font><font style="font-family:inherit;font-size:10pt;"> cumulative redeemable preferred stock to Two Harbors. Upon the completion of the Formation Transaction, the Predecessor became the Company’s wholly owned indirect subsidiary. On November 1, 2017, Two Harbors distributed to its common stockholders the </font><font style="font-family:inherit;font-size:10pt;">33,071,000</font><font style="font-family:inherit;font-size:10pt;"> shares of the Company’s common stock it had acquired in connection with the Formation Transaction, allowing the Company’s market capitalization to be fully floating. </font></div><div style="line-height:120%;padding-top:4px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has elected to be treated as a real estate investment trust, or REIT, as defined under the Internal Revenue Code of 1986, as amended, or the Code, for U.S. federal income tax purposes. As long as the Company continues to comply with a number of requirements under federal tax law and maintains its qualification as a REIT, the Company generally will not be subject to U.S. federal income taxes to the extent that the Company distributes its taxable income to its stockholders on an annual basis and does not engage in prohibited transactions. However, certain activities that the Company may perform may cause it to earn income which will not be qualifying income for REIT purposes. The Company has designated one of its subsidiaries as a taxable REIT subsidiary, or TRS, as defined in the Code, to engage in such activities.</font></div></div> | ||
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Use Of Estimates
UseOfEstimates
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:4px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amount and timing of allowances for loan losses and impairments and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the </font><font style="font-family:inherit;font-size:10pt;">condensed consolidated</font><font style="font-family:inherit;font-size:10pt;"> financial statements and the reported amounts of certain revenues and expenses during the reported period. It is likely that changes in these estimates (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">e.g.</font><font style="font-family:inherit;font-size:10pt;">, valuation changes to the underlying collateral of loans due to changes in capitalization rates, leasing, credit worthiness of major tenants, occupancy rates, availability of financing, exit plan, loan sponsorship, actions of other lenders, overall economic conditions, the broader commercial real estate market, local geographic sub-markets or other factors) will occur in the near term. The Company’s estimates are inherently subjective in nature and actual results could differ from its estimates and the differences may be material.</font></div></div> |