2021 Form 10-K Financial Statement
#000162828022006285 Filed on March 15, 2022
Income Statement
Concept | 2021 | 2020 Q4 | 2020 |
---|---|---|---|
Revenue | $36.19M | $7.826M | $33.60M |
YoY Change | 7.71% | -12.6% | -12.27% |
Cost Of Revenue | $15.51M | $3.190M | $15.20M |
YoY Change | 2.05% | -42.93% | -35.59% |
Gross Profit | $20.68M | $4.640M | $18.40M |
YoY Change | 12.38% | 38.1% | 25.17% |
Gross Profit Margin | 57.14% | 59.29% | 54.76% |
Selling, General & Admin | $8.160M | $2.110M | $7.900M |
YoY Change | 3.29% | 1.44% | -5.95% |
% of Gross Profit | 39.46% | 45.47% | 42.93% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $8.441M | $2.155M | $9.300M |
YoY Change | -9.24% | -3.71% | 5.68% |
Operating Profit | $12.24M | $2.485M | $9.100M |
YoY Change | 34.48% | 121.48% | 54.24% |
Interest Expense | -$356.8K | $3.187M | -$1.800M |
YoY Change | -80.18% | -42.98% | |
% of Operating Profit | -2.92% | 128.25% | -19.78% |
Other Income/Expense, Net | -$54.00K | ||
YoY Change | -130.34% | ||
Pretax Income | $10.61M | $2.430M | $8.000M |
YoY Change | 32.56% | 85.5% | 29.03% |
Income Tax | $77.89K | -$39.00K | -$476.2K |
% Of Pretax Income | 0.73% | -1.6% | -5.95% |
Net Earnings | $10.53M | $2.469M | $8.450M |
YoY Change | 24.59% | 102.05% | 35.22% |
Net Earnings / Revenue | 29.09% | 31.55% | 25.15% |
Basic Earnings Per Share | $0.30 | $0.34 | |
Diluted Earnings Per Share | $0.30 | $99.04K | $0.34 |
COMMON SHARES | |||
Basic Shares Outstanding | 24.94M shares | 24.94M shares | 24.93M shares |
Diluted Shares Outstanding | 24.95M shares | 24.93M shares |
Balance Sheet
Concept | 2021 | 2020 Q4 | 2020 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $14.75M | $11.40M | $11.40M |
YoY Change | 29.38% | 4.59% | 4.59% |
Cash & Equivalents | $14.75M | $11.38M | $11.40M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $41.13M | $13.40M | $13.40M |
YoY Change | 206.92% | 1.52% | 1.52% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $3.530M | $58.00M | $58.00M |
YoY Change | -93.91% | 1037.25% | 1037.25% |
Total Long-Term Assets | $1.008B | $608.1M | $608.1M |
YoY Change | 65.73% | -5.68% | -5.68% |
TOTAL ASSETS | |||
Total Short-Term Assets | $41.13M | $13.40M | $13.40M |
Total Long-Term Assets | $1.008B | $608.1M | $608.1M |
Total Assets | $1.049B | $621.5M | $621.5M |
YoY Change | 68.77% | -5.53% | -5.53% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $147.8K | $300.0K | $300.0K |
YoY Change | -50.73% | -25.0% | -25.0% |
Accrued Expenses | $704.1K | $400.0K | $400.0K |
YoY Change | 76.02% | -50.0% | -50.0% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $826.8M | $463.1M | $463.1M |
YoY Change | 78.53% | -8.46% | -8.46% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $832.7M | $468.2M | $468.2M |
YoY Change | 77.85% | -8.18% | -8.18% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $46.85M | $39.60M | $39.60M |
YoY Change | 18.3% | 0.51% | 0.51% |
Other Long-Term Liabilities | $147.8K | $300.0K | $300.0K |
YoY Change | -50.73% | -25.0% | -25.0% |
Total Long-Term Liabilities | $46.85M | $39.60M | $39.60M |
YoY Change | 18.3% | 0.51% | 0.51% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $832.7M | $468.2M | $468.2M |
Total Long-Term Liabilities | $46.85M | $39.60M | $39.60M |
Total Liabilities | $879.6M | $507.8M | $507.9M |
YoY Change | 73.19% | -7.55% | -7.55% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $10.86M | ||
YoY Change | 350.58% | ||
Common Stock | $249.4K | ||
YoY Change | 5.28% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $169.3M | $113.6M | $113.6M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.049B | $621.5M | $621.5M |
YoY Change | 68.77% | -5.53% | -5.53% |
Cashflow Statement
Concept | 2021 | 2020 Q4 | 2020 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $10.53M | $2.469M | $8.450M |
YoY Change | 24.59% | 102.05% | 35.22% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | $13.85M | $3.600M | $12.22M |
YoY Change | 13.32% | 69.81% | 67.79% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$477.3M | $60.77M | $0.00 |
YoY Change | -180.24% | -100.0% | |
Cash From Investing Activities | -$477.3M | $60.77M | $87.92M |
YoY Change | -642.9% | -180.24% | -307.85% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | $5.747M | |
YoY Change | -100.0% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $412.3M | -19.25M | -$46.77M |
YoY Change | -981.64% | 1019.19% | 471.35% |
NET CHANGE | |||
Cash From Operating Activities | $13.85M | 3.600M | $12.22M |
Cash From Investing Activities | -$477.3M | 60.77M | $87.92M |
Cash From Financing Activities | $412.3M | -19.25M | -$46.77M |
Net Change In Cash | -$51.10M | 45.12M | $53.36M |
YoY Change | -195.75% | -159.89% | -223.52% |
FREE CASH FLOW | |||
Cash From Operating Activities | $13.85M | $3.600M | $12.22M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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Noninterest Expense
NoninterestExpense
|
9386031 | USD |
CY2021 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
10605116 | USD |
CY2020 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
7973522 | USD |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
77894 | USD |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-476248 | USD |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
10527222 | USD |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8449770 | USD |
CY2021 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
3112500 | USD |
CY2020 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
15000 | USD |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
7414722 | USD |
CY2020 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
8434770 | USD |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
7414722 | USD |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
7414722 | USD |
CY2020 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
8434770 | USD |
CY2020 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
8434770 | USD |
CY2021 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
24945824 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
24934505 | shares |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.30 | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.30 | |
CY2020 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.34 | |
CY2020 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.34 | |
CY2021 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.36 | |
CY2020 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.37 | |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
108644712 | USD |
CY2020 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
5762360 | USD |
CY2020 | hcft |
Cost Of Issuing Of Common Stock Values
CostOfIssuingOfCommonStockValues
|
40000 | USD |
CY2020 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
5307 | USD |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8449770 | USD |
CY2020 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
9103997 | USD |
CY2020 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
15000 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
113703152 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
113703152 | USD |
CY2021 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
11700 | USD |
CY2021 | hcft |
Cost Of Issuing Of Common Stock Values
CostOfIssuingOfCommonStockValues
|
32085 | USD |
CY2021 | hcft |
Preferred Stock Issued During Period Value New Issues
PreferredStockIssuedDuringPeriodValueNewIssues
|
57254935 | USD |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
3908 | USD |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
10527222 | USD |
CY2021 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
8980832 | USD |
CY2021 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
3112500 | USD |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
169375500 | USD |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
10527222 | USD |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8449770 | USD |
CY2021 | hcft |
Accretion Of Discounts On Held For Investment Loans
AccretionOfDiscountsOnHeldForInvestmentLoans
|
46088 | USD |
CY2020 | hcft |
Accretion Of Discounts On Held For Investment Loans
AccretionOfDiscountsOnHeldForInvestmentLoans
|
0 | USD |
CY2021 | hcft |
Amortization Of Premiums On Held For Investment Loans
AmortizationOfPremiumsOnHeldForInvestmentLoans
|
457749 | USD |
CY2020 | hcft |
Amortization Of Premiums On Held For Investment Loans
AmortizationOfPremiumsOnHeldForInvestmentLoans
|
0 | USD |
CY2021 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-207767 | USD |
CY2020 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
-1137156 | USD |
CY2021 | hcft |
Amortization Of Offering Costs
AmortizationOfOfferingCosts
|
-32085 | USD |
CY2020 | hcft |
Amortization Of Offering Costs
AmortizationOfOfferingCosts
|
-40000 | USD |
CY2021 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1953465 | USD |
CY2020 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1029899 | USD |
CY2021 | hcft |
Realized Gain Loss On Mortgage Service Rights
RealizedGainLossOnMortgageServiceRights
|
-10910 | USD |
CY2020 | hcft |
Realized Gain Loss On Mortgage Service Rights
RealizedGainLossOnMortgageServiceRights
|
0 | USD |
CY2021 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-1663926 | USD |
CY2020 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | USD |
CY2021 | hcft |
Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
|
-356772 | USD |
CY2020 | hcft |
Unrealized Gain Loss On Mortgage Service Rights
UnrealizedGainLossOnMortgageServiceRights
|
-1780528 | USD |
CY2021 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
15608 | USD |
CY2020 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
20292 | USD |
CY2021 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
1962135 | USD |
CY2020 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-326737 | USD |
CY2021 | us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
0 | USD |
CY2020 | us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
-40000 | USD |
CY2021 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
55464 | USD |
CY2020 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
286607 | USD |
CY2021 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
271119 | USD |
CY2020 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-372190 | USD |
CY2021 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
668802 | USD |
CY2020 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
164359 | USD |
CY2021 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-190621 | USD |
CY2020 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-30735 | USD |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
13846947 | USD |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
12219209 | USD |
CY2021 | us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
983694326 | USD |
CY2020 | us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
57601572 | USD |
CY2021 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
506402705 | USD |
CY2020 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
145516658 | USD |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-477291621 | USD |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
87915086 | USD |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
0 | USD |
CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
5747375 | USD |
CY2021 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
57254935 | USD |
CY2020 | us-gaap |
Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
|
0 | USD |
CY2021 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
9978162 | USD |
CY2020 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
7638270 | USD |
CY2021 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
2115000 | USD |
CY2020 | us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
15000 | USD |
CY2021 | hcft |
Proceeds From Collateralized Loan Obligations
ProceedsFromCollateralizedLoanObligations
|
833750000 | USD |
CY2020 | hcft |
Proceeds From Collateralized Loan Obligations
ProceedsFromCollateralizedLoanObligations
|
0 | USD |
CY2021 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
7500000 | USD |
CY2020 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
0 | USD |
CY2021 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
465316126 | USD |
CY2020 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
44864874 | USD |
CY2021 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
8747277 | USD |
CY2020 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | USD |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
412348370 | USD |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-46770769 | USD |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-51096304 | USD |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
53363526 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
69375356 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16011830 | USD |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
18279052 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
69375356 | USD |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
13079740 | USD |
CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
13386816 | USD |
CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | USD |
CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
180898 | USD |
CY2021 | hcft |
Dividends Declared Not Yet Paid
DividendsDeclaredNotYetPaid
|
3426559 | USD |
CY2020 | hcft |
Dividends Declared Not Yet Paid
DividendsDeclaredNotYetPaid
|
3242650 | USD |
CY2021 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">The financial statements have been prepared on the accrual basis of accounting in accordance with GAAP. The preparation of financial statements in conformity with GAAP requires the Company to make a number of significant estimates. As of December 31, 2021, the novel coronavirus, or COVID-19, pandemic is ongoing. During 2020, the COVID-19 pandemic created disruption in global supply chains, increased rates of unemployment and adversely impacted many industries, including industries related to the collateral underlying certain of our loans. In 2021, the global economy has, with certain setbacks, begun reopening and wider distribution of vaccines will likely encourage greater economic activity. Nonetheless, the recovery could remain uneven, particularly given uncertainty with respect to the distribution and acceptance of the vaccines and their effectiveness with respect to new variants of the virus, including the Delta and Omicron variants which are believed to be more contagious than previous variants of the virus. We believe the estimates and assumptions underlying our consolidated financial statements are reasonable and supportable based on the information available as of December 31, 2021, however uncertainty over the ultimate impact of COVID-19 on the global economy generally, and our business in particular, makes any estimates and assumptions as of December 31, 2021 inherently less certain than they would be absent the current and potential impacts of COVID-19. Actual results could differ from its estimates and the differences may be material.</span></div> | |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
14749046 | USD |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
11375960 | USD |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
18279052 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
69375356 | USD |
CY2021Q4 | us-gaap |
Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
|
0 | USD |
CY2021Q4 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
0 | USD |
CY2021Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
0 | USD |
CY2021Q4 | hcft |
Number Of Sub Servers
NumberOfSubServers
|
2 | sub-servicer |
CY2021Q4 | us-gaap |
Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
|
1405133 | USD |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2020Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
24947883 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
24947883 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
24943383 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
24943383 | shares |
CY2015Q4 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
10000000 | USD |
CY2021Q4 | hcft |
One Month Libor Rate
OneMonthLIBORRate
|
0.0010 | USD |
CY2020Q4 | hcft |
One Month Libor Rate
OneMonthLIBORRate
|
0.0014 | USD |
CY2021Q4 | hcft |
Weighted Average Libor Floor Rate
WeightedAverageLIBORFloorRate
|
0.0049 | USD |
CY2020Q4 | hcft |
Weighted Average Libor Floor Rate
WeightedAverageLIBORFloorRate
|
0.0164 | USD |
CY2021Q4 | hcft |
Average Risk Rate
AverageRiskRate
|
2.3 | |
CY2020Q4 | hcft |
Average Risk Rate
AverageRiskRate
|
3.1 | |
CY2021Q2 | hcft |
Number Of Newly Formed Subsidiaries
NumberOfNewlyFormedSubsidiaries
|
2 | subsidiary |
CY2021Q2 | hcft |
Variable Interest Entity Qualitative And Quantitative Information Equity Interest
VariableInterestEntityQualitativeAndQuantitativeInformationEquityInterest
|
96250000 | USD |
CY2021Q2 | hcft |
Proceeds From Issuance Of Debt Securities Allocated To Acquire Additional Loan Obligations
ProceedsFromIssuanceOfDebtSecuritiesAllocatedToAcquireAdditionalLoanObligations
|
330300000 | USD |
CY2021Q2 | hcft |
Period To Acquire Additional Loan Obligations From Closing Date
PeriodToAcquireAdditionalLoanObligationsFromClosingDate
|
P180D | |
CY2021Q2 | hcft |
Collateralized Loan Obligation Leverage Ratio
CollateralizedLoanObligationLeverageRatio
|
0.83 | |
CY2019Q1 | hcft |
Collateralized Loan Obligation Unamortized Discount
CollateralizedLoanObligationUnamortizedDiscount
|
39200000 | USD |
CY2021Q4 | hcft |
Collateralized Loan Obligation Deferred Financing Costs
CollateralizedLoanObligationDeferredFinancingCosts
|
904498 | USD |
CY2020Q4 | hcft |
Collateralized Loan Obligation Deferred Financing Costs
CollateralizedLoanObligationDeferredFinancingCosts
|
693802 | USD |
CY2021Q4 | us-gaap |
Secured Debt
SecuredDebt
|
47750000 | USD |
CY2021Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
47750000 | USD |
CY2020Q4 | us-gaap |
Secured Debt
SecuredDebt
|
40250000 | USD |
CY2020Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
40250000 | USD |
CY2021Q4 | us-gaap |
Secured Debt
SecuredDebt
|
47750000 | USD |
CY2021Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
47750000 | USD |
CY2020Q4 | us-gaap |
Secured Debt
SecuredDebt
|
40250000 | USD |
CY2020Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
40250000 | USD |
CY2021Q4 | hcft |
Number Of Sub Servers
NumberOfSubServers
|
2 | sub-servicer |
CY2021Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
551997 | USD |
CY2020Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
919678 | USD |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
14749046 | USD |
CY2021Q4 | hcft |
Collateralized Loan Obligations
CollateralizedLoanObligations
|
826782543 | USD |
CY2021Q4 | us-gaap |
Secured Long Term Debt
SecuredLongTermDebt
|
46845502 | USD |
CY2020 | hcft |
Annual Management Fee Percentage
AnnualManagementFeePercentage
|
0.015 | |
CY2020 | hcft |
Quarterly Management Fee Percentage
QuarterlyManagementFeePercentage
|
0.00375 | |
CY2021 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
2909368 | USD |
CY2020 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
2351562 | USD |
CY2021Q4 | us-gaap |
Management Fee Payable
ManagementFeePayable
|
796000 | USD |
CY2020Q4 | us-gaap |
Management Fee Payable
ManagementFeePayable
|
588000 | USD |
CY2021 | hcft |
Incentive Fees
IncentiveFees
|
132232 | USD |
CY2020 | hcft |
Incentive Fees
IncentiveFees
|
172577 | USD |
CY2021Q4 | hcft |
Incentive Fees Payable
IncentiveFeesPayable
|
132232 | USD |
CY2020Q4 | hcft |
Incentive Fees Payable
IncentiveFeesPayable
|
172577 | USD |
CY2021 | hcft |
Reimbursable Operating Expense
ReimbursableOperatingExpense
|
2038130 | USD |
CY2020 | hcft |
Reimbursable Operating Expense
ReimbursableOperatingExpense
|
1644886 | USD |
CY2021Q4 | hcft |
Reimbursable Costs Payable
ReimbursableCostsPayable
|
724333 | USD |
CY2020Q4 | hcft |
Reimbursable Costs Payable
ReimbursableCostsPayable
|
395763 | USD |
CY2021 | hcft |
Reduction To Reimbursable Expenses As Percentage Of Exit Fees Waived Percent
ReductionToReimbursableExpensesAsPercentageOfExitFeesWaivedPercent
|
0.50 | |
CY2021 | hcft |
Reimbursable Operating Expense Waived
ReimbursableOperatingExpenseWaived
|
302952 | USD |
CY2020 | hcft |
Reimbursable Operating Expense Waived
ReimbursableOperatingExpenseWaived
|
118786 | USD |
CY2021 | hcft |
Number Of Participation Interests Funded
NumberOfParticipationInterestsFunded
|
20 | contract |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
10527222 | USD |
CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
450000000 | shares |
CY2020Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
24947883 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
24947883 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
24943383 | shares |
CY2020Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
24943383 | shares |
CY2020Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2020Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2020Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2020Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
2400000 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
2400000 | shares |
CY2020Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2020Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8449770 | USD |
CY2021 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
8980832 | USD |
CY2020 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
9103997 | USD |
CY2021 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
3112500 | USD |
CY2020 | us-gaap |
Dividends Preferred Stock
DividendsPreferredStock
|
15000 | USD |
CY2021 | us-gaap |
Dividends
Dividends
|
12093332 | USD |
CY2020 | us-gaap |
Dividends
Dividends
|
9118997 | USD |
CY2021 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
-1566110 | USD |
CY2020 | us-gaap |
Undistributed Earnings
UndistributedEarnings
|
-669227 | USD |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
24941324 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
24930079 | shares |
CY2021 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
4500 | shares |
CY2020 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
4426 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
24945824 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
24934505 | shares |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
77894 | USD |
CY2020 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-476248 | USD |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
77894 | USD |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-476248 | USD |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
|
-0.214 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
|
-0.246 | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
-0.002 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
-0.016 | |
CY2021 | hcft |
Effective Income Tax Rate Reconciliation Return To Provision Percent
EffectiveIncomeTaxRateReconciliationReturnToProvisionPercent
|
-0.001 | |
CY2020 | hcft |
Effective Income Tax Rate Reconciliation Return To Provision Percent
EffectiveIncomeTaxRateReconciliationReturnToProvisionPercent
|
-0.008 | |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.007 | |
CY2020 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.060 | |
CY2021Q4 | hcft |
Deferred Tax Liabilities Accumulated Net Operating Losses
DeferredTaxLiabilitiesAccumulatedNetOperatingLosses
|
985917 | USD |
CY2020Q4 | hcft |
Deferred Tax Liabilities Accumulated Net Operating Losses
DeferredTaxLiabilitiesAccumulatedNetOperatingLosses
|
993683 | USD |
CY2021Q4 | hcft |
Deferred Tax Assets Mortgage Servicing Rights
DeferredTaxAssetsMortgageServicingRights
|
261440 | USD |
CY2020Q4 | hcft |
Deferred Tax Assets Mortgage Servicing Rights
DeferredTaxAssetsMortgageServicingRights
|
319048 | USD |
CY2021Q4 | hcft |
Deferred Tax Assets Capitalized Transaction Costs
DeferredTaxAssetsCapitalizedTransactionCosts
|
93903 | USD |
CY2020Q4 | hcft |
Deferred Tax Assets Capitalized Transaction Costs
DeferredTaxAssetsCapitalizedTransactionCosts
|
106423 | USD |
CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
1341260 | USD |
CY2020Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
1419154 | USD |
CY2021Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
3200000 | USD |
CY2020Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
3300000 | USD |
CY2021Q4 | srt |
Mortgage Loans On Real Estate Prior Liens1
MortgageLoansOnRealEstatePriorLiens1
|
0 | USD |
CY2021Q4 | hcft |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Unpaid Principal Balance
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateUnpaidPrincipalBalance
|
1001869994 | USD |
CY2021Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
1001825294 | USD |
CY2020Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
547345334 | USD |
CY2019Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
635260420 | USD |
CY2021 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
983694326 | USD |
CY2020 | us-gaap |
Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
|
57601572 | USD |
CY2021 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
528802705 | USD |
CY2020 | srt |
Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
|
145516658 | USD |
CY2021 | hcft |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Accretion Of Purchase Discount
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateAccretionOfPurchaseDiscount
|
46088 | USD |
CY2020 | hcft |
Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Accretion Of Purchase Discount
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateAccretionOfPurchaseDiscount
|
0 | USD |
CY2021 | us-gaap |
Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
|
457749 | USD |
CY2020 | us-gaap |
Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
|
0 | USD |
CY2021Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
1001825294 | USD |
CY2020Q4 | us-gaap |
Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
|
547345334 | USD |