2023 Q1 Form 10-K Financial Statement

#000151428123000020 Filed on February 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q3
Revenue $57.80M $57.29M $50.19M
YoY Change 72.97% 132.06% 155.69%
Cost Of Revenue $49.31M $48.06M $37.75M
YoY Change 158.3% 254.69% 287.61%
Gross Profit $8.490M $9.225M $12.44M
YoY Change -40.74% -17.16% 25.79%
Gross Profit Margin 14.69% 16.1% 24.79%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $4.096M $2.866M $4.083M
YoY Change 11.06% -18.5%
Operating Profit $4.394M $6.359M $8.358M
YoY Change -58.7% -42.9% 71.27%
Interest Expense $46.19M $7.642M -$4.276M
YoY Change 186.49% -28.57% -159.41%
% of Operating Profit 1051.16% 120.18% -51.16%
Other Income/Expense, Net $9.837M -$1.535M -$5.325M
YoY Change -161.84% -116.75% -123.34%
Pretax Income $12.52M $12.47M -$1.243M
YoY Change -212.34% -7.47% -104.49%
Income Tax $200.0K $164.0K
% Of Pretax Income 1.6%
Net Earnings $12.54M $7.108M -$2.869M
YoY Change -194.99% -34.58% -108.3%
Net Earnings / Revenue 21.69% 12.41% -5.72%
Basic Earnings Per Share $0.38 -$0.33
Diluted Earnings Per Share $0.38 $0.33 -$128.1K
COMMON SHARES
Basic Shares Outstanding 21.21M shares 22.50M shares
Diluted Shares Outstanding 21.07M shares 22.39M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $87.88M $84.62M $77.64M
YoY Change 73.87% 24.3% -23.7%
Cash & Equivalents $87.88M $84.60M $77.64M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $264.0K $801.0K $563.0K
Other Receivables $20.27M $20.59M $21.08M
Total Short-Term Assets $108.4M $106.0M $99.28M
YoY Change -38.26% 25.87% -12.49%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.361B $3.822B $3.543B
YoY Change 78.84% 116.59% 472.26%
Other Assets $14.55M $14.18M $21.80M
YoY Change -68.12% -55.89% -19.53%
Total Long-Term Assets $4.514B $4.264B $4.352B
YoY Change 23.21% 30.05% 92.62%
TOTAL ASSETS
Total Short-Term Assets $108.4M $106.0M $99.28M
Total Long-Term Assets $4.514B $4.264B $4.352B
Total Assets $4.622B $4.370B $4.452B
YoY Change 20.4% 29.95% 87.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.977M $3.659M $5.618M
YoY Change -1.88% -29.4% -24.93%
Accrued Expenses $16.77M $15.93M $14.73M
YoY Change 123.31% 212.62% 327.89%
Deferred Revenue
YoY Change
Short-Term Debt $629.5M $621.2M $935.8M
YoY Change -55.4% -65.06% -19.37%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $653.9M $644.6M $960.8M
YoY Change -54.21% -64.05% -18.22%
LONG-TERM LIABILITIES
Long-Term Debt $3.506B $3.262B $3.025B
YoY Change 88.48% 226.49% 327.02%
Other Long-Term Liabilities $609.0K $9.000K $1.543M
YoY Change -81.62% -90.22% 1302.73%
Total Long-Term Liabilities $3.506B $3.262B $3.027B
YoY Change 88.18% 226.46% 327.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $653.9M $644.6M $960.8M
Total Long-Term Liabilities $3.506B $3.262B $3.027B
Total Liabilities $4.160B $3.907B $3.987B
YoY Change 26.39% 39.92% 111.72%
SHAREHOLDERS EQUITY
Retained Earnings -$532.2M -$536.5M
YoY Change 13.33% 20.07%
Common Stock $204.0K $212.0K
YoY Change -14.64% -11.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $461.9M $462.8M $464.3M
YoY Change
Total Liabilities & Shareholders Equity $4.622B $4.370B $4.452B
YoY Change 20.4% 29.95% 87.59%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $12.54M $7.108M -$2.869M
YoY Change -194.99% -34.58% -108.3%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $6.529M $5.714M $3.908M
YoY Change 44.19% -12.54% -60.48%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$371.0K $1.289M -$729.8M
YoY Change -53.45% -100.13% 436.31%
Cash From Investing Activities -$157.2M $1.289M -$729.8M
YoY Change -74.81% -100.13% 436.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $154.3M -7.636M 684.6M
YoY Change -74.93% -100.77% 309.22%
NET CHANGE
Cash From Operating Activities $6.529M 5.714M 3.908M
Cash From Investing Activities -$157.2M 1.289M -729.8M
Cash From Financing Activities $154.3M -7.636M 684.6M
Net Change In Cash $3.619M -633.0K -41.21M
YoY Change -189.18% -97.79% -200.23%
FREE CASH FLOW
Cash From Operating Activities $6.529M $5.714M $3.908M
Capital Expenditures
Free Cash Flow
YoY Change

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PurchaseOfAvailableForSaleSecuritiesDebtFVO
108558000 usd
CY2021 mitt Purchase Of Available For Sale Securities Debt Fvo
PurchaseOfAvailableForSaleSecuritiesDebtFVO
924663000 usd
CY2022 mitt Payments For Origination Of Commercial Loans
PaymentsForOriginationOfCommercialLoans
0 usd
CY2021 mitt Payments For Origination Of Commercial Loans
PaymentsForOriginationOfCommercialLoans
3219000 usd
CY2022 mitt Payments For Purchase Of Commercial Loans
PaymentsForPurchaseOfCommercialLoans
0 usd
CY2021 mitt Payments For Purchase Of Commercial Loans
PaymentsForPurchaseOfCommercialLoans
1881000 usd
CY2022 mitt Payments For Proceeds From Investments In Debt And Equity Of Affiliates
PaymentsForProceedsFromInvestmentsInDebtAndEquityOfAffiliates
2066000 usd
CY2021 mitt Payments For Proceeds From Investments In Debt And Equity Of Affiliates
PaymentsForProceedsFromInvestmentsInDebtAndEquityOfAffiliates
6914000 usd
CY2022 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
53259000 usd
CY2021 us-gaap Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
139908000 usd
CY2022 mitt Proceeds From Sale Of Available For Sale Securities Debt Fvo
ProceedsFromSaleOfAvailableForSaleSecuritiesDebtFVO
526813000 usd
CY2021 mitt Proceeds From Sale Of Available For Sale Securities Debt Fvo
ProceedsFromSaleOfAvailableForSaleSecuritiesDebtFVO
893505000 usd
CY2022 mitt Proceeds From Sale Of Commercial Loans
ProceedsFromSaleOfCommercialLoans
0 usd
CY2021 mitt Proceeds From Sale Of Commercial Loans
ProceedsFromSaleOfCommercialLoans
74579000 usd
CY2022 mitt Principal Repayments On Residential Mortgage Loans
PrincipalRepaymentsOnResidentialMortgageLoans
-464332000 usd
CY2021 mitt Principal Repayments On Residential Mortgage Loans
PrincipalRepaymentsOnResidentialMortgageLoans
-147710000 usd
CY2022 us-gaap Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS
21058000 usd
CY2021 us-gaap Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS
67848000 usd
CY2022 mitt Proceeds From Principal Repayment On Commercial Mortgage Loan
ProceedsFromPrincipalRepaymentOnCommercialMortgageLoan
0 usd
CY2021 mitt Proceeds From Principal Repayment On Commercial Mortgage Loan
ProceedsFromPrincipalRepaymentOnCommercialMortgageLoan
70232000 usd
CY2022 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
16575000 usd
CY2021 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
85145000 usd
CY2022 mitt Net Settlement Of Interest Rate Swaps
NetSettlementOfInterestRateSwaps
-118972000 usd
CY2021 mitt Net Settlement Of Interest Rate Swaps
NetSettlementOfInterestRateSwaps
-22323000 usd
CY2022 mitt Net Settlement Of Securities To Be Announced
NetSettlementOfSecuritiesToBeAnnounced
-2789000 usd
CY2021 mitt Net Settlement Of Securities To Be Announced
NetSettlementOfSecuritiesToBeAnnounced
-1384000 usd
CY2022 mitt Proceeds From Other Investing Activities
ProceedsFromOtherInvestingActivities
2878000 usd
CY2021 mitt Proceeds From Other Investing Activities
ProceedsFromOtherInvestingActivities
6745000 usd
CY2022 mitt Payments For Other Investing Activities
PaymentsForOtherInvestingActivities
2781000 usd
CY2021 mitt Payments For Other Investing Activities
PaymentsForOtherInvestingActivities
0 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1490351000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1899691000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
93134000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
18217000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3555000 usd
CY2022 mitt Borrowings Under Repurchase Agreements
BorrowingsUnderRepurchaseAgreements
-1156556000 usd
CY2021 mitt Borrowings Under Repurchase Agreements
BorrowingsUnderRepurchaseAgreements
1213696000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
317000 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
977000 usd
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
0 usd
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
10000000 usd
CY2022 us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
3050232000 usd
CY2021 us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
812540000 usd
CY2022 us-gaap Repayments Of Accounts Receivable Securitization
RepaymentsOfAccountsReceivableSecuritization
379998000 usd
CY2021 us-gaap Repayments Of Accounts Receivable Securitization
RepaymentsOfAccountsReceivableSecuritization
163922000 usd
CY2022 mitt Collateral Received From Held By Derivative Counter Party
CollateralReceivedFromHeldByDerivativeCounterParty
-9026000 usd
CY2021 mitt Collateral Received From Held By Derivative Counter Party
CollateralReceivedFromHeldByDerivativeCounterParty
0 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
19421000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
10782000 usd
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
18344000 usd
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
18840000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1466405000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1911294000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1426000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
37901000 usd
CY2022 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
3084000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100229000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
62318000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
0 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
10000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98803000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100229000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
102502000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
24219000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
183000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
16000 usd
CY2022 mitt Dividends Declared But Not Paid
DividendsDeclaredButNotPaid
3846000 usd
CY2021 mitt Dividends Declared But Not Paid
DividendsDeclaredButNotPaid
5021000 usd
CY2022 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 usd
CY2021 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
18006000 usd
CY2022 mitt Holdback On Sale Of Excess Mortgage Servicing Rights Msr
HoldbackOnSaleOfExcessMortgageServicingRightsMSR
0 usd
CY2021 mitt Holdback On Sale Of Excess Mortgage Servicing Rights Msr
HoldbackOnSaleOfExcessMortgageServicingRightsMSR
75000 usd
CY2021 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
2753000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
84621000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
68079000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
14182000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
32150000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
98803000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
100229000 usd
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates.</span></div>
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
84600000 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
400000 usd
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q4 us-gaap Investment Owned Underlying Face Amount At Market Value
InvestmentOwnedUnderlyingFaceAmountAtMarketValue
267533000 usd
CY2022Q4 mitt Available For Sale Securities Unamortized Discount Premium
AvailableForSaleSecuritiesUnamortizedDiscountPremium
220086000 usd
CY2022Q4 mitt Available For Sale Debt Securities Amortized Cost Basis Fvo
AvailableForSaleDebtSecuritiesAmortizedCostBasisFVO
47447000 usd
CY2022Q4 mitt Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax Fvo
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTaxFVO
2276000 usd
CY2022Q4 mitt Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax Fvo
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTaxFVO
6004000 usd
CY2022Q4 mitt Available For Sale Securities Debt Securities Fvo
AvailableForSaleSecuritiesDebtSecuritiesFVO
43719000 usd
CY2022Q4 mitt Securities Weighted Average Coupon
SecuritiesWeightedAverageCoupon
0.0237
CY2022Q4 mitt Available For Sale Securities Weighted Average Yield Rate
AvailableForSaleSecuritiesWeightedAverageYieldRate
0.1020
CY2021Q4 us-gaap Investment Owned Underlying Face Amount At Market Value
InvestmentOwnedUnderlyingFaceAmountAtMarketValue
666179000 usd
CY2021Q4 mitt Available For Sale Securities Unamortized Discount Premium
AvailableForSaleSecuritiesUnamortizedDiscountPremium
144980000 usd
CY2021Q4 mitt Available For Sale Debt Securities Amortized Cost Basis Fvo
AvailableForSaleDebtSecuritiesAmortizedCostBasisFVO
521199000 usd
CY2021Q4 mitt Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax Fvo
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTaxFVO
90000 usd
CY2021Q4 mitt Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax Fvo
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTaxFVO
6819000 usd
CY2021Q4 mitt Available For Sale Securities Debt Securities Fvo
AvailableForSaleSecuritiesDebtSecuritiesFVO
514470000 usd
CY2021Q4 mitt Securities Weighted Average Coupon
SecuritiesWeightedAverageCoupon
0.0199
CY2021Q4 mitt Available For Sale Securities Weighted Average Yield Rate
AvailableForSaleSecuritiesWeightedAverageYieldRate
0.0196
CY2021Q4 mitt Related Party Loan Securitization Ownership Interest
RelatedPartyLoanSecuritizationOwnershipInterest
0.409
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
18499000 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
442000 usd
CY2022Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
39680000 usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
4230937000 usd
CY2022Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
3262352000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
9000 usd
CY2022Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
3262361000 usd
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
19781000 usd
CY2021Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
53435000 usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
3222792000 usd
CY2021Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
999215000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
976000 usd
CY2021Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1000191000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
-172576000 usd
CY2022 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-156152000 usd
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
48390000 usd
CY2021 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
30442000 usd
CY2022 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following table presents a summary of the Company's financing as of December 31, 2022 and 2021 ($ in thousands). </span></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:27.847%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.256%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.384%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.256%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.666%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.771%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:5.478%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.530%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:8.695%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.384%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.143%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="33" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2022</span></div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2021</span></div></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="9" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted Average</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" rowspan="2" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Collateral Fair Value (1)(2)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/></tr><tr style="height:20pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Current Face</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Carrying Value</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Stated Maturity</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Funding Cost</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Life (Years)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Carrying Value</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Securitized residential mortgage loans (3)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">232,088 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">232,088 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Jan 2023 - Mar 2023</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6.11 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">0.11</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">423,967 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">71,308 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Residential mortgage loans (4)(5)</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">360,241 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">360,241 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Mar 2023 - Jan 2024</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6.21 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">0.44</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">418,023 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,286,287 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Non-Agency RMBS</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">14,695 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">14,695 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Jan 2023 - Mar 2023</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">5.75 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">0.08</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">24,595 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">10,213 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Agency RMBS</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">14,163 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">14,163 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Jan 2023</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4.54 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">0.01</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">17,058 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">409,935 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total Financing Arrangements</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">621,187 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">621,187 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6.12 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">0.29</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">883,643 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,777,743 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Securitized debt, at fair value (6)</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,869,593 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,262,352 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4.12 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">7.26</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">N/A</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">999,215 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Total Financing</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4,490,780 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,883,539 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">4.44 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">6.30</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">883,643 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">2,776,958 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:36pt;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%">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">The Company also had $3.4 million and $5.0 million of cash pledged under repurchase agreements as of December 31, 2022 and 2021, respectively. </span></div><div style="padding-left:36pt;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%">(2)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">Under the terms of the Company’s financing agreements, the Company's financing counterparties may, in certain cases, sell or re-hypothecate the pledged collateral.</span></div><div style="padding-left:36pt;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%">(3)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">Amounts pledged as collateral under Securitized residential mortgage loans include certain of the Company's retained interests in securitizations. Refer to Note 3 for more information on the Residential Mortgage Loan VIEs.</span></div><div style="padding-left:36pt;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%">(4)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">The Company's Residential mortgage loan financing arrangements include a maximum uncommitted borrowing capacity of $2.6 billion on facilities used to finance Non-Agency and Agency-Eligible Loans.</span></div><div style="padding-left:36pt;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%">(5)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">The funding cost includes deferred financing costs. The weighted average stated rate on the Residential mortgage loans repurchase agreements was 6.12% as of December 31, 2022.</span></div><div style="padding-left:36pt;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%">(6)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%;padding-left:8.68pt">The holders of the securitized debt have no recourse to the general credit of the Company. The Company has no obligation to provide any other explicit or implicit support to the Residential Mortgage Loan VIEs.</span></div>
CY2022Q4 mitt Assets Sold Under Agreements To Repurchase Current Face
AssetsSoldUnderAgreementsToRepurchaseCurrentFace
4490780000 usd
CY2022Q4 us-gaap Assets Sold Under Agreements To Repurchase Carrying Amounts
AssetsSoldUnderAgreementsToRepurchaseCarryingAmounts
3883539000 usd
CY2022 mitt Assets Sold Under Agreements To Repurchase Weighted Average Funding Cost
AssetsSoldUnderAgreementsToRepurchaseWeightedAverageFundingCost
0.0444
CY2022 mitt Assets Sold Under Agreements To Repurchase Weighted Average Life
AssetsSoldUnderAgreementsToRepurchaseWeightedAverageLife
P6Y3M18D
CY2021Q4 us-gaap Assets Sold Under Agreements To Repurchase Carrying Amounts
AssetsSoldUnderAgreementsToRepurchaseCarryingAmounts
2776958000 usd
CY2022Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
3400000 usd
CY2021Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
5000000 usd
CY2022Q4 mitt Number Of Counterparties Outstanding Debt
NumberOfCounterpartiesOutstandingDebt
6 counterparty
CY2021Q4 mitt Number Of Counterparties Outstanding Debt
NumberOfCounterpartiesOutstandingDebt
5 counterparty
CY2021Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
4106000 usd
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
20593000 usd
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
14263000 usd
CY2022Q4 mitt Derivative Asset Net Of Variation Margin
DerivativeAssetNetOfVariationMargin
1218000 usd
CY2021Q4 mitt Derivative Asset Net Of Variation Margin
DerivativeAssetNetOfVariationMargin
231000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
4983000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
4519000 usd
CY2022Q4 us-gaap Due From Correspondent Brokers
DueFromCorrespondentBrokers
801000 usd
CY2021Q4 us-gaap Due From Correspondent Brokers
DueFromCorrespondentBrokers
1887000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
27595000 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
20900000 usd
CY2022Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
3652000 usd
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
14114000 usd
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
2925000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
9000 usd
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
92000 usd
CY2022Q4 mitt Government Sponsored Enterprise Loan Premium Payable
GovernmentSponsoredEnterpriseLoanPremiumPayable
0 usd
CY2021Q4 mitt Government Sponsored Enterprise Loan Premium Payable
GovernmentSponsoredEnterpriseLoanPremiumPayable
87000 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1811000 usd
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2169000 usd
CY2022Q4 us-gaap Due To Correspondent Brokers
DueToCorrespondentBrokers
7000 usd
CY2021Q4 us-gaap Due To Correspondent Brokers
DueToCorrespondentBrokers
990000 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
19593000 usd
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
10369000 usd
CY2022Q4 mitt Derivative Pay Interest Rate
DerivativePayInterestRate
0.0277
CY2022Q4 mitt Derivative Receivable Interest Rate
DerivativeReceivableInterestRate
0.0430
CY2022 us-gaap Derivative Remaining Maturity1
DerivativeRemainingMaturity1
P4Y9M7D
CY2021Q4 mitt Derivative Pay Interest Rate
DerivativePayInterestRate
0.0085
CY2021Q4 mitt Derivative Receivable Interest Rate
DerivativeReceivableInterestRate
0.0015
CY2021 us-gaap Derivative Remaining Maturity1
DerivativeRemainingMaturity1
P5Y6M3D
CY2022 mitt Proceeds Pledged To Serve Collateral Against Certain Derivatives
ProceedsPledgedToServeCollateralAgainstCertainDerivatives
9600000 usd
CY2022Q4 mitt Cash Posted As Collateral By Company
CashPostedAsCollateralByCompany
1300000 usd
CY2022Q4 mitt Cash Pledged As Collateral Against Derivatives Related To Variation Margin
CashPledgedAsCollateralAgainstDerivativesRelatedToVariationMargin
8300000 usd
CY2021 mitt Proceeds Pledged To Serve Collateral Against Certain Derivatives
ProceedsPledgedToServeCollateralAgainstCertainDerivatives
25700000 usd
CY2021Q4 mitt Cash Posted As Collateral By Company
CashPostedAsCollateralByCompany
7000000 usd
CY2021Q4 mitt Cash Pledged As Collateral Against Derivatives Related To Variation Margin
CashPledgedAsCollateralAgainstDerivativesRelatedToVariationMargin
18700000 usd
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-2124000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
30200000 usd
CY2021 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
19137000 usd
CY2022 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
118827000 usd
CY2021 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
6106000 usd
CY2022 us-gaap Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
116703000 usd
CY2021 us-gaap Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
25243000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-53100000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
104186000 usd
CY2022 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
0 usd
CY2021 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
472000 usd
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18344000 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18785000 usd
CY2022 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-71444000 usd
CY2021 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
85873000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22890000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16234000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22890000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16234000 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.12
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.29
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.12
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.29
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.21
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.81
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.81
CY2021 mitt Excise Tax Expenses
ExciseTaxExpenses
0 usd
CY2022 mitt Excise Tax Expenses
ExciseTaxExpenses
0 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
2100000 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
2100000 usd
CY2022Q4 mitt Net Capital Loss Carryforwards
NetCapitalLossCarryforwards
294800000 usd
CY2021Q4 mitt Net Capital Loss Carryforwards
NetCapitalLossCarryforwards
246800000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
26961000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6526000 usd
CY2022Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
298000 usd
CY2021Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
14000 usd
CY2022Q4 mitt Deferred Tax Assets Gaap Tax Basis Differences
DeferredTaxAssetsGAAPTaxBasisDifferences
2980000 usd
CY2021Q4 mitt Deferred Tax Assets Gaap Tax Basis Differences
DeferredTaxAssetsGAAPTaxBasisDifferences
225000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
30239000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
6765000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
30239000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
6765000 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration
7800000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
6800000 usd
CY2022 mitt Management Agreement Renewal Term
ManagementAgreementRenewalTerm
P1Y
CY2022Q4 mitt Management Fee Percentage
ManagementFeePercentage
0.0150
CY2022 us-gaap Management Fee Expense
ManagementFeeExpense
8096000 usd
CY2021 us-gaap Management Fee Expense
ManagementFeeExpense
6814000 usd
CY2022Q4 us-gaap Management Fee Payable
ManagementFeePayable
2100000 usd
CY2021Q4 us-gaap Management Fee Payable
ManagementFeePayable
1800000 usd
CY2022Q4 mitt Number Of Independent Directors
NumberOfIndependentDirectors
4 director
CY2021Q1 us-gaap Noninterest Expense Directors Fees
NoninterestExpenseDirectorsFees
150000 usd
CY2021Q1 mitt Noninterest Expense Directors Fees Paid In Cash
NoninterestExpenseDirectorsFeesPaidInCash
70000 usd
CY2021Q1 mitt Noninterest Expense Directors Fees Paid In Restricted Common Stock
NoninterestExpenseDirectorsFeesPaidInRestrictedCommonStock
80000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-10258000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
31889000 usd
CY2021Q3 mitt Related Party Loan Securitization Ownership Interest
RelatedPartyLoanSecuritizationOwnershipInterest
0.45
CY2021Q4 mitt Related Party Loan Securitization Ownership Interest
RelatedPartyLoanSecuritizationOwnershipInterest
0.409
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
48510978 shares
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
16170312 shares
CY2021Q2 mitt Capital Available For Issuance
CapitalAvailableForIssuance
1000000000 usd
CY2021Q4 mitt Common Stock Units Sold In Public Offering
CommonStockUnitsSoldInPublicOffering
7000000 shares
CY2021Q4 mitt Common Stock Additional Units Sold In Public Offering
CommonStockAdditionalUnitsSoldInPublicOffering
1100000 shares
CY2021Q4 us-gaap Share Price
SharePrice
9.98
CY2021Q4 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
80000000 usd
CY2022Q4 mitt Preferred Stock Shares Authorized Value
PreferredStockSharesAuthorizedValue
50000000 usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
9120000 shares
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
220472000 usd
CY2022Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
227991000 usd
CY2022 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.08000
CY2022Q4 mitt Number Of Quarterly Periods Required To Grant Voting Rights To Preferred Stock
NumberOfQuarterlyPeriodsRequiredToGrantVotingRightsToPreferredStock
6 period
CY2022 mitt Number Of Additional Directors Available To Vote For
NumberOfAdditionalDirectorsAvailableToVoteFor
2 director
CY2022 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
37415000 usd
CY2022 mitt Long Term Purchase Commitment Funded Amount
LongTermPurchaseCommitmentFundedAmount
10688000 usd
CY2022 mitt Longterm Purchase Remaining Commitment Amount
LongtermPurchaseRemainingCommitmentAmount
26727000 usd
CY2022Q4 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
71064000 usd
CY2021Q4 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
92023000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-10258000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
31889000 usd

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