2012 Q4 Form 10-K Financial Statement
#000127547713000023 Filed on March 22, 2013
Income Statement
| Concept | 2012 Q4 | 2012 | 2011 Q4 |
|---|---|---|---|
| Revenue | $0.00 | $2.698M | $70.00K |
| YoY Change | -100.0% | 52.35% | |
| Cost Of Revenue | $160.0K | $500.0K | $40.00K |
| YoY Change | 300.0% | 400.0% | |
| Gross Profit | -$160.0K | $1.000M | $30.00K |
| YoY Change | -633.33% | 150.0% | |
| Gross Profit Margin | 37.06% | 42.86% | |
| Selling, General & Admin | $60.00K | $733.0K | $20.00K |
| YoY Change | 200.0% | -53.96% | |
| % of Gross Profit | 73.3% | 66.67% | |
| Research & Development | |||
| YoY Change | |||
| % of Gross Profit | |||
| Depreciation & Amortization | |||
| YoY Change | |||
| % of Gross Profit | |||
| Operating Expenses | $110.0K | $733.0K | $110.0K |
| YoY Change | 0.0% | -53.96% | |
| Operating Profit | -$270.0K | $267.0K | -$80.00K |
| YoY Change | 237.5% | -122.4% | |
| Interest Expense | $277.3K | ||
| YoY Change | 188.21% | ||
| % of Operating Profit | 103.87% | ||
| Other Income/Expense, Net | |||
| YoY Change | |||
| Pretax Income | -$270.0K | $500.0K | -$80.00K |
| YoY Change | 237.5% | -141.67% | |
| Income Tax | $0.00 | $0.00 | $0.00 |
| % Of Pretax Income | 0.0% | ||
| Net Earnings | -$270.0K | $534.0K | -$80.00K |
| YoY Change | 237.5% | -144.87% | |
| Net Earnings / Revenue | 19.79% | -114.29% | |
| Basic Earnings Per Share | $0.54 | ||
| Diluted Earnings Per Share | -$275.5K | $0.54 | -$533.3K |
| COMMON SHARES | |||
| Basic Shares Outstanding | 3.342M shares | ||
| Diluted Shares Outstanding | 981.7K shares |
Balance Sheet
| Concept | 2012 Q4 | 2012 | 2011 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $2.500M | $2.500M | $1.900M |
| YoY Change | 31.58% | 31.58% | |
| Cash & Equivalents | $8.169M | $2.500M | $1.892M |
| Short-Term Investments | |||
| Other Short-Term Assets | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Inventory | |||
| Prepaid Expenses | |||
| Receivables | $0.00 | ||
| Other Receivables | $500.0K | ||
| Total Short-Term Assets | $3.000M | $3.000M | $2.300M |
| YoY Change | 30.43% | 30.43% | |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | |||
| YoY Change | |||
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $115.4M | $115.4M | $56.00M |
| YoY Change | 106.07% | 106.07% | |
| Other Assets | $400.0K | $400.0K | $100.0K |
| YoY Change | 300.0% | 300.0% | |
| Total Long-Term Assets | $115.9M | $115.9M | $56.07M |
| YoY Change | 106.64% | 106.6% | |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $3.000M | $3.000M | $2.300M |
| Total Long-Term Assets | $115.9M | $115.9M | $56.07M |
| Total Assets | $118.9M | $118.9M | $58.37M |
| YoY Change | 103.64% | 103.6% | |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $0.00 | $0.00 | $200.0K |
| YoY Change | -100.0% | -100.0% | |
| Accrued Expenses | $100.0K | $100.0K | $0.00 |
| YoY Change | |||
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $103.9M | $103.9M | $44.30M |
| YoY Change | 134.54% | 134.54% | |
| Long-Term Debt Due | |||
| YoY Change | |||
| Total Short-Term Liabilities | $104.0M | $104.0M | $44.50M |
| YoY Change | 133.71% | 133.71% | |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Other Long-Term Liabilities | $100.0K | $100.0K | $0.00 |
| YoY Change | |||
| Total Long-Term Liabilities | $100.0K | $100.0K | $0.00 |
| YoY Change | |||
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $104.0M | $104.0M | $44.50M |
| Total Long-Term Liabilities | $100.0K | $100.0K | $0.00 |
| Total Liabilities | $104.1M | $104.1M | $44.59M |
| YoY Change | 133.55% | 133.41% | |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$686.0K | -$1.220M | |
| YoY Change | -43.79% | ||
| Common Stock | |||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $14.73M | $14.70M | $13.78M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $118.9M | $118.9M | $58.37M |
| YoY Change | 103.64% | 103.6% |
Cashflow Statement
| Concept | 2012 Q4 | 2012 | 2011 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$270.0K | $534.0K | -$80.00K |
| YoY Change | 237.5% | -144.87% | |
| Depreciation, Depletion And Amortization | |||
| YoY Change | |||
| Cash From Operating Activities | $200.0K | $1.879M | $390.0K |
| YoY Change | -48.72% | -1849.14% | |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | |||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$49.48M | -$60.85M | -$4.160M |
| YoY Change | 1089.42% | 93.91% | |
| Cash From Investing Activities | -$49.48M | -$60.85M | -$4.160M |
| YoY Change | 1089.42% | 93.91% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 47.37M | 59.62M | 3.870M |
| YoY Change | 1124.03% | 85.21% | |
| NET CHANGE | |||
| Cash From Operating Activities | 200.0K | $1.879M | 390.0K |
| Cash From Investing Activities | -49.48M | -60.85M | -4.160M |
| Cash From Financing Activities | 47.37M | 59.62M | 3.870M |
| Net Change In Cash | -1.910M | $1.879M | 100.0K |
| YoY Change | -2010.0% | -1849.14% | |
| FREE CASH FLOW | |||
| Cash From Operating Activities | $200.0K | $1.879M | $390.0K |
| Capital Expenditures | |||
| Free Cash Flow | |||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2011Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2012Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
140723 | USD |
| CY2012Q4 | dei |
Entity Public Float
EntityPublicFloat
|
0 | USD |
| CY2012Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
3341665 | shares |
| CY2012 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2012 | |
| CY2012 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
| CY2012Q4 | orc |
Mortgage Backed Securities At Fair Value Pledged As Collateral
MortgageBackedSecuritiesAtFairValuePledgedAsCollateral
|
109604559 | USD |
| CY2012Q4 | orc |
Mortgage Backed Securities At Fair Value Unpledged
MortgageBackedSecuritiesAtFairValueUnpledged
|
5775015 | USD |
| CY2012Q4 | orc |
Mortgage Backed Securities At Fair Value
MortgageBackedSecuritiesAtFairValue
|
115379574 | USD |
| CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2537257 | USD |
| CY2012Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
449000 | USD |
| CY2012Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
440877 | USD |
| CY2012Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
9122 | USD |
| CY2012Q4 | us-gaap |
Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
|
103941174 | USD |
| CY2012Q4 | us-gaap |
Liabilities
Liabilities
|
104135981 | USD |
| CY2012Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
1541 | USD |
| CY2011Q4 | orc |
Mortgage Backed Securities At Fair Value Pledged As Collateral
MortgageBackedSecuritiesAtFairValuePledgedAsCollateral
|
46640037 | USD |
| CY2011Q4 | orc |
Mortgage Backed Securities At Fair Value Unpledged
MortgageBackedSecuritiesAtFairValueUnpledged
|
9361547 | USD |
| CY2011Q4 | us-gaap |
Common Stock Value Outstanding
CommonStockValueOutstanding
|
1500 | USD |
| CY2011Q4 | us-gaap |
Assets
Assets
|
58368772 | USD |
| CY2011Q4 | orc |
Mortgage Backed Securities At Fair Value
MortgageBackedSecuritiesAtFairValue
|
56001584 | USD |
| CY2011Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
374560 | USD |
| CY2011Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1220368 | USD |
| CY2011Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
11496 | USD |
| CY2011Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
14998500 | USD |
| CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1891914 | USD |
| CY2011Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
14583 | USD |
| CY2011Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
58368772 | USD |
| CY2011Q4 | us-gaap |
Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
|
44325000 | USD |
| CY2011Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
150000 | shares |
| CY2011Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
150000 | shares |
| CY2011Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1000000 | shares |
| CY2011Q4 | orc |
Due To Bimini
DueToBimini
|
238061 | USD |
| CY2012Q4 | orc |
Due To Bimini
DueToBimini
|
0 | USD |
| CY2011Q4 | orc |
Due From Bimini
DueFromBimini
|
0 | USD |
| CY2012 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
2697922 | USD |
| CY2011 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
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| CY2012 | us-gaap |
Interest Expense
InterestExpense
|
277328 | USD |
| CY2011 | us-gaap |
Interest Expense
InterestExpense
|
96223 | USD |
| CY2012 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
2420594 | USD |
| CY2011 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
1674734 | USD |
| CY2012 | orc |
Realized Gains On Investments
RealizedGainsOnInvestments
|
-307795 | USD |
| CY2011 | orc |
Realized Gains On Investments
RealizedGainsOnInvestments
|
409828 | USD |
| CY2011 | orc |
Unrealized Gains On Investments
UnrealizedGainsOnInvestments
|
-1544171 | USD |
| CY2012 | orc |
Net Portfolio Income
NetPortfolioIncome
|
1267142 | USD |
| CY2012Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-686025 | USD |
| CY2012Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
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| CY2012Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
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| CY2012Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
154110 | shares |
| CY2012 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
| CY2012 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
| CY2012 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2012-12-31 | |
| CY2012 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2012 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
| CY2012 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
| CY2012 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
| CY2012 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-791 | USD |
| CY2011Q4 | us-gaap |
Liabilities
Liabilities
|
44589140 | USD |
| CY2012Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2012Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1000000 | shares |
| CY2012Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
54084 | USD |
| CY2011Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13779632 | USD |
| CY2012Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14724975 | USD |
| CY2011 | us-gaap |
Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
|
-1134343 | USD |
| CY2011Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
90750 | USD |
| CY2012 | us-gaap |
Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
|
-39725 | USD |
| CY2011 | us-gaap |
Profit Loss
ProfitLoss
|
-1190214 | USD |
| CY2011 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
14583 | USD |
| CY2013Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2012Q4 | orc |
Collateral Held On Repurchase Agreements
CollateralHeldOnRepurchaseAgreements
|
109863000 | USD |
| CY2012 | orc |
Direct Reit Operating Expenses
DirectReitOperatingExpenses
|
448879 | USD |
| CY2011 | orc |
Direct Reit Operating Expenses
DirectReitOperatingExpenses
|
344706 | USD |
| CY2012 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
106014 | USD |
| CY2011 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
132657 | USD |
| CY2011 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.21 | |
| CY2012 | us-gaap |
Professional Fees
ProfessionalFees
|
177906 | USD |
| CY2012Q4 | us-gaap |
Assets
Assets
|
118860956 | USD |
| CY2012Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
154110 | shares |
| CY2011Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
9964 | USD |
| CY2011 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-107424 | USD |
| CY2012 | orc |
Payments To Acquire Mortgage Backed Securities Mbs Categorized As Trading
PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading
|
199077871 | USD |
| CY2011 | us-gaap |
Professional Fees
ProfessionalFees
|
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| CY2011 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1592080 | USD |
| CY2012 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
732799 | USD |
| CY2012 | orc |
Unrealized Gains On Investments
UnrealizedGainsOnInvestments
|
-805932 | USD |
| CY2012Q4 | orc |
Due From Bimini
DueFromBimini
|
45126 | USD |
| CY2011 | orc |
Increase Decrease In Due To Bimini Capital
IncreaseDecreaseInDueToBiminiCapital
|
217973 | USD |
| CY2012 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
42588 | USD |
| CY2012 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
126140 | USD |
| CY2012 | orc |
Increase Decrease In Due To Bimini Capital
IncreaseDecreaseInDueToBiminiCapital
|
127813 | USD |
| CY2011 | orc |
Net Portfolio Income
NetPortfolioIncome
|
401866 | USD |
| CY2012 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.54 | |
| CY2012 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.54 | |
| CY2011 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.21 | |
| CY2011 | us-gaap |
Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
|
-138525 | USD |
| CY2012 | us-gaap |
Profit Loss
ProfitLoss
|
534343 | USD |
| CY2010Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4374846 | USD |
| CY2011 | orc |
Common Stock Issued
CommonStockIssued
|
10595000 | USD |
| CY2012 | orc |
Common Stock Issued
CommonStockIssued
|
411000 | USD |
| CY2012 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1879085 | USD |
| CY2011 | orc |
Payments To Acquire Mortgage Backed Securities Mbs Categorized As Trading
PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading
|
71494481 | USD |
| CY2012 | orc |
Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Trading
ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading
|
129068510 | USD |
| CY2011 | orc |
Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Trading
ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading
|
33534660 | USD |
| CY2012 | orc |
Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading
|
9517695 | USD |
| CY2011 | orc |
Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading
|
6666558 | USD |
| CY2011 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
90750 | USD |
| CY2012 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
358250 | USD |
| CY2012 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-60849916 | USD |
| CY2011 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-31384013 | USD |
| CY2012 | orc |
Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
|
581462510 | USD |
| CY2011 | orc |
Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
|
189968641 | USD |
| CY2012 | orc |
Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
|
521846336 | USD |
| CY2011 | orc |
Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
|
168376325 | USD |
| CY2012 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
59616174 | USD |
| CY2011 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
32187316 | USD |
| CY2012 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
645343 | USD |
| CY2011 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
695879 | USD |
| CY2010Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1196035 | USD |
| CY2012 | us-gaap |
Interest Paid
InterestPaid
|
234740 | USD |
| CY2011 | us-gaap |
Interest Paid
InterestPaid
|
89134 | USD |
| CY2012 | orc |
Non Cash Issuance Of Common Stock
NonCashIssuanceOfCommonStock
|
411000 | USD |
| CY2011 | orc |
Non Cash Issuance Of Common Stock
NonCashIssuanceOfCommonStock
|
0 | USD |
| CY2011 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
10595000 | USD |
| CY2011 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
281234 | USD |
| CY2011 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
9964 | USD |
| CY2011 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
7089 | USD |
| CY2012 | us-gaap |
Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
|
-1113727 | USD |
| CY2012 | us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
66317 | USD |
| CY2012 | us-gaap |
Cash Uninsured Amount Commentary
CashUninsuredAmountCommentary
|
The Company maintains cash balances at two banks, and, at times, balances may exceed federally insured limits. The Company has not experienced any losses related to these balances. All non-interest bearing cash balances were fully insured at December 31, 2012 and 2011 due to a temporary federal program in effect from December 31, 2010 through December 31, 2012. Under the program, there is no limit to the amount of insurance for eligible accounts. Beginning in 2013, insurance coverage will revert to $250,000 per depositor at each financial institution, and our non-interest bearing cash balances may again exceed federally insured limits. | |
| CY2012 | orc |
Income Required To Be Distributed Commentary
IncomeRequiredToBeDistributedCommentary
|
Bimini has elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”), and, until the closing of its IPO on February 20, 2013, Orchid was a “qualified REIT subsidiary” of Bimini under the Code. Beginning with its short tax period beginning February 20, 2013 and ending December 31, 2013, Orchid expects to elect and intends to qualify to be taxed as a REIT. REITs are generally not subject to federal income tax on their REIT taxable income provided that they distribute to their stockholders at least 90% of their REIT taxable income on an annual basis. In addition, a REIT must meet other provisions of the Code to retain its tax status. | |
| CY2012Q4 | us-gaap |
Margin Deposit Assets
MarginDepositAssets
|
0 | USD |
| CY2012Q4 | orc |
Repurchaseagreementcashcollateral
Repurchaseagreementcashcollateral
|
449000 | USD |
| CY2012Q4 | orc |
Repurchase Agreement Amount At Risk
RepurchaseAgreementAmountAtRisk
|
6300000 | USD |
| CY2011Q4 | us-gaap |
Margin Deposit Assets
MarginDepositAssets
|
34000 | USD |
| CY2011Q4 | orc |
Repurchaseagreementcashcollateral
Repurchaseagreementcashcollateral
|
57000 | USD |
| CY2011Q4 | orc |
Mortgage Backed Securities After Five Through Ten Years Fair Value
MortgageBackedSecuritiesAfterFiveThroughTenYearsFairValue
|
2014000 | USD |
| CY2011Q4 | orc |
Mortgage Backed Securities After Ten Years Fair Value
MortgageBackedSecuritiesAfterTenYearsFairValue
|
53988000 | USD |
| CY2012Q4 | orc |
Mortgage Backed Securities After Ten Years Fair Value
MortgageBackedSecuritiesAfterTenYearsFairValue
|
102400000 | USD |
| CY2012Q4 | orc |
Mortgage Backed Securities After Five Through Ten Years Fair Value
MortgageBackedSecuritiesAfterFiveThroughTenYearsFairValue
|
12980000 | USD |
| CY2012 | us-gaap |
Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
|
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Arial Narrow;font-size:11pt;margin-left:18px;">As of </font><font style="font-family:Arial Narrow;font-size:11pt;">December 31, 2012</font><font style="font-family:Arial Narrow;font-size:11pt;"> </font><font style="font-family:Arial Narrow;font-size:11pt;">and </font><font style="font-family:Arial Narrow;font-size:11pt;">2011</font><font style="font-family:Arial Narrow;font-size:11pt;">, </font><font style="font-family:Arial Narrow;font-size:11pt;">the Company's</font><font style="font-family:Arial Narrow;font-size:11pt;"> repurchase agreements had remaining maturities as summarized below:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="2" style="width: 295px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-STYLE: italic;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">(in thousands)</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:2px;text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; border-top-style:solid;border-top-width:2px;text-align:left;border-color:#000000;min-width:280px;"> </td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">OVERNIGHT</font></td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">BETWEEN 2</font></td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">BETWEEN 31</font></td><td style="width: 10px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">GREATER </font></td><td style="width: 10px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:2px;text-align:center;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; text-align:left;border-color:#000000;min-width:280px;"> </td><td colspan="2" style="width: 84px; text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">(1 DAY OR</font></td><td colspan="2" style="width: 84px; text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">AND</font></td><td colspan="2" style="width: 84px; text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">AND</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:center;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">THAN</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:280px;"> </td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">LESS)</font></td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">30 DAYS</font></td><td colspan="2" style="width: 84px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">90 DAYS</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">90 DAYS</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">TOTAL</font></td></tr><tr style="height: 17px"><td colspan="12" style="width: 705px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:705px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">December 31, 2012</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fair market value of securities pledged, including</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; text-align:left;border-color:#000000;min-width:280px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">accrued interest receivable</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 109,863</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 109,863</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Repurchase agreement liabilities associated with</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; text-align:left;border-color:#000000;min-width:280px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">these securities</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 103,941</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 103,941</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net weighted average borrowing rate</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">- </font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">0.49%</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">- </font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">- </font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">0.49%</font></td></tr><tr style="height: 17px"><td colspan="12" style="width: 705px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:705px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">December 31, 2011</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Fair market value of securities pledged, including</font></td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; text-align:left;border-color:#000000;min-width:280px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">accrued interest receivable</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 46,788</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 46,788</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Repurchase agreement liabilities associated with</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;"> </td></tr><tr style="height: 17px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> </td><td style="width: 280px; text-align:left;border-color:#000000;min-width:280px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">these securities</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 44,325</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> -</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;"> 44,325</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 295px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:295px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net weighted average borrowing rate</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">- </font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">0.44%</font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">- </font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">- </font></td><td style="width: 10px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:10px;"> </td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Arial Narrow;FONT-SIZE: 10pt;COLOR: #000000;">0.44%</font></td></tr></table></div> | |
| CY2012Q4 | orc |
Repurchase Agreements Weighted Average Borrowing Rates
RepurchaseAgreementsWeightedAverageBorrowingRates
|
0.0049 | |
| CY2011Q4 | orc |
Collateral Held On Repurchase Agreements
CollateralHeldOnRepurchaseAgreements
|
46788000 | USD |
| CY2011Q4 | orc |
Repurchase Agreements Weighted Average Borrowing Rates
RepurchaseAgreementsWeightedAverageBorrowingRates
|
0.0044 | |
| CY2012 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Type
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsType
|
Eurodollar futures contracts | |
| CY2012 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Risk
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsRisk
|
interest rate risk | |
| CY2011 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Risk
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsRisk
|
interest rate risk | |
| CY2011 | us-gaap |
Derivative Instruments Not Designated As Hedging Instruments Type
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsType
|
Eurodollar futures contracts | |
| CY2012Q4 | orc |
Stock Ownership Limit
StockOwnershipLimit
|
0.0980 | |
| CY2012Q4 | orc |
Bimini Ownership Limit
BiminiOwnershipLimit
|
0.35 | |
| CY2013Q1 | orc |
Payment Date
PaymentDate
|
3/27/2013 | |
| CY2013Q1 | orc |
Record Date
RecordDate
|
3/25/2013 | |
| CY2013Q1 | orc |
Dividends Per Share
DividendsPerShare
|
0.135 | |
| CY2013Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
| CY2013Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
| CY2013Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
| CY2013Q1 | orc |
Stock Ownership Limit
StockOwnershipLimit
|
0.098 | |
| CY2013Q1 | orc |
Bimini Ownership Limit
BiminiOwnershipLimit
|
0.35 | |
| CY2011Q4 | orc |
Stock Ownership Limit
StockOwnershipLimit
|
0.098 | |
| CY2011Q4 | orc |
Bimini Ownership Limit
BiminiOwnershipLimit
|
0.35 | |
| CY2013Q1 | orc |
Stock Dividend Declaration Date
StockDividendDeclarationDate
|
2/14/2013 | |
| CY2013Q1 | orc |
Stock Dividend Issue Date
StockDividendIssueDate
|
2/20/2013 | |
| CY2013Q1 | orc |
Declaration Date
DeclarationDate
|
3/8/2013 | |
| CY2013Q1 | us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio
StockholdersEquityNoteStockSplitConversionRatio
|
5.37 | shares |
| CY2013Q1 | us-gaap |
Stock Dividends Shares
StockDividendsShares
|
827555 | shares |
| CY2012 | us-gaap |
Legal Fees
LegalFees
|
0 | USD |
| CY2012 | orc |
Other Professional Fees
OtherProfessionalFees
|
177906 | USD |
| CY2012 | orc |
Management Fees And Allocated Expenses
ManagementFeesAndAllocatedExpenses
|
335000 | USD |
| CY2011 | orc |
Management Fees And Allocated Expenses
ManagementFeesAndAllocatedExpenses
|
253000 | USD |
| CY2011 | orc |
Failed Ipo Expenses
FailedIpoExpenses
|
1100000 | USD |
| CY2011 | us-gaap |
Legal Fees
LegalFees
|
8627 | USD |
| CY2011 | orc |
Other Professional Fees
OtherProfessionalFees
|
1106090 | USD |
| CY2012Q4 | orc |
Maximum Number Of Shares
MaximumNumberOfShares
|
4000000 | shares |
| CY2012Q4 | orc |
Percentage Of Outstanding Shares Limitation
PercentageOfOutstandingSharesLimitation
|
0.10 | |
| CY2012 | orc |
Reit Taxable Income
ReitTaxableIncome
|
1689000 | USD |
| CY2012Q4 | orc |
Tax Capital Gains
TaxCapitalGains
|
1056000 | USD |
| CY2011 | orc |
Reit Taxable Income
ReitTaxableIncome
|
-637000 | USD |
| CY2011Q4 | orc |
Tax Capital Gains
TaxCapitalGains
|
85000 | USD |
| CY2012 | orc |
Fair Value Adjustments On Mbs And Eurodollar Futures
FairValueAdjustmentsOnMbsAndEurodollarFutures
|
846000 | USD |
| CY2011 | orc |
Fair Value Adjustments On Mbs And Eurodollar Futures
FairValueAdjustmentsOnMbsAndEurodollarFutures
|
1683000 | USD |
| CY2012 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
534343 | USD |
| CY2012 | orc |
Weighted Average Shares Basic
WeightedAverageSharesBasic
|
981665 | shares |
| CY2012 | orc |
Weighted Average Shares Diluted
WeightedAverageSharesDiluted
|
981665 | shares |
| CY2012 | orc |
Income Loss Per Share Basic
IncomeLossPerShareBasic
|
0.54 | |
| CY2012 | orc |
Income Loss Per Share Diluted
IncomeLossPerShareDiluted
|
0.54 | |
| CY2011 | orc |
Weighted Average Shares Basic
WeightedAverageSharesBasic
|
981665 | shares |
| CY2011 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-1190214 | USD |
| CY2011 | orc |
Income Loss Per Share Diluted
IncomeLossPerShareDiluted
|
-1.21 | |
| CY2011 | orc |
Income Loss Per Share Basic
IncomeLossPerShareBasic
|
-1.21 | |
| CY2011 | orc |
Weighted Average Shares Diluted
WeightedAverageSharesDiluted
|
981665 | shares |
| CY2011 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1190214 | USD |
| CY2012 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
534343 | USD |
