$ORC
Orchid Island Capital, Inc.

2014 Q3 Form 10-Q Financial Statement

#000127547714000075 Filed on July 31, 2014

View on sec.gov

Income Statement

Concept 2014 Q3
Revenue $9.286M
YoY Change 264.01%
Cost Of Revenue $1.360M
YoY Change 189.36%
Gross Profit $7.620M
YoY Change -1076.92%
Gross Profit Margin 82.06%
Selling, General & Admin $1.393M
YoY Change 247.38%
% of Gross Profit 18.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.393M
YoY Change 247.38%
Operating Profit $6.227M
YoY Change -627.27%
Interest Expense $818.0K
YoY Change
% of Operating Profit 13.14%
Other Income/Expense, Net $850.0K
YoY Change 284.62%
Pretax Income $6.770M
YoY Change -777.0%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $6.768M
YoY Change -778.84%
Net Earnings / Revenue 72.88%
Basic Earnings Per Share $0.63
Diluted Earnings Per Share $0.63
COMMON SHARES
Basic Shares Outstanding 9.748M shares
Diluted Shares Outstanding 10.71M shares

Balance Sheet

Concept 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.00M
YoY Change 596.2%
Cash & Equivalents $55.03M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $310.1M
YoY Change 515.28%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.176B
YoY Change 254.28%
Other Assets $4.800M
YoY Change 84.62%
Total Long-Term Assets $1.191B
YoY Change 255.31%
TOTAL ASSETS
Total Short-Term Assets $310.1M
Total Long-Term Assets $1.191B
Total Assets $1.501B
YoY Change 289.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $300.0K
YoY Change 200.0%
Accrued Expenses $400.0K
YoY Change 300.0%
Deferred Revenue
YoY Change
Short-Term Debt $1.256B
YoY Change 316.31%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.324B
YoY Change 288.58%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $4.400M
YoY Change 4300.0%
Total Long-Term Liabilities $4.400M
YoY Change 4300.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.324B
Total Long-Term Liabilities $4.400M
Total Liabilities $1.328B
YoY Change 289.81%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $172.8M
YoY Change
Total Liabilities & Shareholders Equity $1.501B
YoY Change 289.29%

Cashflow Statement

Concept 2014 Q3
OPERATING ACTIVITIES
Net Income $6.768M
YoY Change -778.84%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $8.750M
YoY Change -3016.67%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$499.6M
YoY Change -4945.3%
Cash From Investing Activities -$499.6M
YoY Change -4945.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 512.5M
YoY Change -6180.07%
NET CHANGE
Cash From Operating Activities 8.750M
Cash From Investing Activities -499.6M
Cash From Financing Activities 512.5M
Net Change In Cash 21.75M
YoY Change 1276.58%
FREE CASH FLOW
Cash From Operating Activities $8.750M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
75077474 USD
CY2014Q2 orc Mortgage Backed Securities After Ten Years Fair Value
MortgageBackedSecuritiesAfterTenYearsFairValue
874870000 USD
CY2014Q2 us-gaap Due From Related Parties
DueFromRelatedParties
0 USD
CY2013Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
81925 USD
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
4000000 shares
us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
523306 USD
CY2014Q2 orc Federal Deposit Insurance Corporation Per Depositor Limit
FederalDepositInsuranceCorporationPerDepositorLimit
250000 USD
CY2013Q4 us-gaap Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
351222512 USD
CY2013Q4 orc Collateral Held On Repurchase Agreements
CollateralHeldOnRepurchaseAgreements
336998000 USD
CY2014Q2 orc Collateral Held On Repurchase Agreements
CollateralHeldOnRepurchaseAgreements
836533000 USD
CY2014Q2 orc Weighted Average Borrowing Rate
WeightedAverageBorrowingRate
0.0035 pure
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
70241 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-372698 USD
orc Payments To Acquire Mortgage Backed Securities Mbs Categorized As Trading
PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading
951473442 USD
orc Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Trading
ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading
420787208 USD
orc Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading
26748930 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
1138375 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-506294679 USD
orc Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
3179549864 USD
orc Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
2714406069 USD
CY2013Q4 orc Weighted Average Borrowing Rate
WeightedAverageBorrowingRate
0.0039 pure
CY2014Q2 orc Mortgage Backed Securities After Five Through Ten Years Fair Value
MortgageBackedSecuritiesAfterFiveThroughTenYearsFairValue
1134000 USD
CY2013Q4 orc Mortgage Backed Securities After Five Through Ten Years Fair Value
MortgageBackedSecuritiesAfterFiveThroughTenYearsFairValue
1521000 USD
CY2013Q4 orc Mortgage Backed Securities After Ten Years Fair Value
MortgageBackedSecuritiesAfterTenYearsFairValue
349702000 USD
CY2014Q2 us-gaap Derivative Assets
DerivativeAssets
1199700 USD
CY2013Q4 orc Unsettled Purchases
UnsettledPurchases
0 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
44765347 USD
CY2014Q2 orc Mortgage Backed Securities At Fair Value Pledged As Collateral
MortgageBackedSecuritiesAtFairValuePledgedAsCollateral
833383756 USD
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
-8438549 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
14015405 USD
orc Swaption Gain
SwaptionGain
-1285300 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2239018 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
336756 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
216878 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
361329 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
8438549 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
531782720 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
25115343 USD
us-gaap Interest Paid
InterestPaid
869633 USD
CY2014Q2 orc Securities Acquisitions Settled In Later Period
SecuritiesAcquisitionsSettledInLaterPeriod
6828538 USD
us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
1219000 USD
us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Arial Narrow;font-size:11pt;margin-left:18pt;' >As of </font><font style='font-family:Arial Narrow;font-size:11pt;' >June 30, 2014</font><font style='font-family:Arial Narrow;font-size:11pt;' > a</font><font style='font-family:Arial Narrow;font-size:11pt;' >nd December 31, </font><font style='font-family:Arial Narrow;font-size:11pt;' >2013</font><font style='font-family:Arial Narrow;font-size:11pt;' >, the Company&#8217;s repurchase agreements had remaining maturities as summarized below:</font></p></div><div><table style='border-collapse:collapse;margin-top:20pt;' ><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:221.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-style:italic;color:#000000;' >($ in thousands)</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:210pt;border-top-style:solid;border-top-width:2;text-align:left;border-color:Black;min-width:210pt;' ></td><td colspan='2' rowspan='1' style='width:63pt;border-top-style:solid;border-top-width:2;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >OVERNIGHT</font></td><td colspan='2' rowspan='1' style='width:63pt;border-top-style:solid;border-top-width:2;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >BETWEEN 2</font></td><td colspan='2' rowspan='1' style='width:63pt;border-top-style:solid;border-top-width:2;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >BETWEEN 31</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:2;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >GREATER </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:2;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:2;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:210pt;text-align:left;border-color:Black;min-width:210pt;' ></td><td colspan='2' rowspan='1' style='width:63pt;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >(1 DAY OR</font></td><td colspan='2' rowspan='1' style='width:63pt;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >AND</font></td><td colspan='2' rowspan='1' style='width:63pt;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >AND</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >THAN</font></td><td style='width:7.5pt;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:center;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:210pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:210pt;' ></td><td colspan='2' rowspan='1' style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >LESS)</font></td><td colspan='2' rowspan='1' style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >30 DAYS</font></td><td colspan='2' rowspan='1' style='width:63pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:63pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >90 DAYS</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >90 DAYS</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;border-color:Black;min-width:48pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >TOTAL</font></td></tr><tr style='height:12.75pt;' ><td colspan='12' rowspan='1' style='width:528.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:528.75pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >June 30, 2014</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >Fair market value of securities pledged, including</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:210pt;text-align:left;border-color:Black;min-width:210pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >accrued interest receivable</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > -</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 595,201</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 233,351</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 7,981</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 836,533</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:221.25pt;text-align:left;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >Repurchase agreement liabilities associated with</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:210pt;text-align:left;border-color:Black;min-width:210pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >these securities</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > -</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 560,659</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 217,199</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 5,843</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 783,701</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >Net weighted average borrowing rate</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > -</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >0.35%</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >0.34%</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >0.31%</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >0.35%</font></td></tr><tr style='height:12.75pt;' ><td colspan='12' rowspan='1' style='width:528.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:528.75pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >December 31, 2013</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >Fair market value of securities pledged, including</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:210pt;text-align:left;border-color:Black;min-width:210pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >accrued interest receivable</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > -</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 326,348</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 10,650</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > -</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 336,998</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:221.25pt;text-align:left;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >Repurchase agreement liabilities associated with</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:210pt;text-align:left;border-color:Black;min-width:210pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >these securities</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > -</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 308,402</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 10,155</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > -</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 318,557</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >Net weighted average borrowing rate</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > -</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >0.39%</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >0.37%</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > -</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >0.39%</font></td></tr></table></div>
CY2014Q2 orc Gross Amount Of Recognized Assets
GrossAmountOfRecognizedAssets
1200000 USD
CY2014Q2 orc Gross Amount Of Assets Offset In The Balance Sheet
GrossAmountOfAssetsOffsetInTheBalanceSheet
0 USD
CY2014Q2 orc Net Amount Of Assets Presented In The Balance Sheet
NetAmountOfAssetsPresentedInTheBalanceSheet
1200000 USD
CY2014Q2 orc Gross Amounts Of Financial Instruments Received Not Offset In Balance Sheet
GrossAmountsOfFinancialInstrumentsReceivedNotOffsetInBalanceSheet
0 USD
CY2014Q2 orc Gross Amounts Of Cash Collateral Received Not Offset In Balance Sheet
GrossAmountsOfCashCollateralReceivedNotOffsetInBalanceSheet
1200000 USD
CY2014Q2 orc Net Amount Of Assets
NetAmountOfAssets
0 USD
CY2014Q2 orc Gross Amount Of Liabilties Offset In The Balance Sheet
GrossAmountOfLiabiltiesOffsetInTheBalanceSheet
0 USD
CY2014Q2 orc Net Amount Of Liabilities Presented In The Balance Sheet
NetAmountOfLiabilitiesPresentedInTheBalanceSheet
783701000 USD
CY2014Q2 orc Gross Amount Of Financial Instruments Posted Not Offset In Balance Sheet
GrossAmountOfFinancialInstrumentsPostedNotOffsetInBalanceSheet
783701000 USD
CY2014Q2 orc Gross Amounts Of Cash Posted Not Offset In Balance Sheet
GrossAmountsOfCashPostedNotOffsetInBalanceSheet
0 USD
CY2014Q2 orc Net Amount Of Liabilities
NetAmountOfLiabilities
0 USD
CY2014Q2 orc Gross Amount Of Recognized Liabilties
GrossAmountOfRecognizedLiabilties
783701000 USD
orc Effect Of Weighting
EffectOfWeighting
-2559000 shares
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14230000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
14230000 USD
CY2014Q2 orc Swaption Value
SwaptionValue
1200000 USD
dei Entity Central Index Key
EntityCentralIndexKey
0001518621
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
orc Unrealized Gains On Investments
UnrealizedGainsOnInvestments
-9158782 USD
us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
6367663 USD
dei Trading Symbol
TradingSymbol
ORC
CY2013Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
5.37 pure
orc Net Portfolio Income
NetPortfolioIncome
-295998 USD
orc Management Fees
ManagementFees
310200 USD
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”). 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 commencing on February 20, 2013 and ended December 31, 2013, Orchid will 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.
orc Proceeds From Secondary Offering
ProceedsFromSecondaryOffering
75077474 USD
CY2013Q1 us-gaap Stock Dividends Shares
StockDividendsShares
827555 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
0.1 pure
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
CY2013Q4 orc Unpledged Unsettled Securities Purchases
UnpledgedUnsettledSecuritiesPurchases
0 USD
CY2013Q4 us-gaap Derivative Assets
DerivativeAssets
0 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
3841957 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
3318651 USD
orc Realized Gains On Investments
RealizedGainsOnInvestments
-823530 USD
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Registrant Name
EntityRegistrantName
Orchid Island Capital, Inc.
CY2014Q2 orc Unpledged Unsettled Securities Purchases
UnpledgedUnsettledSecuritiesPurchases
6800000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
0 USD
orc Directors Fees And Liability Insurance
DirectorsFeesAndLiabilityInsurance
124385 USD
us-gaap Professional Fees
ProfessionalFees
250487 USD
orc Direct Reit Operating Expenses
DirectReitOperatingExpenses
100627 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
64097 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
849796 USD
us-gaap Profit Loss
ProfitLoss
-1145794 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.43
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
2676693 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2676693 shares
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
10371927 USD
us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
1086511 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
9285416 USD
orc Realized Gains On Investments
RealizedGainsOnInvestments
3891439 USD
orc Unrealized Gains On Investments
UnrealizedGainsOnInvestments
10123966 USD
us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-7421488 USD
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.405
orc Net Portfolio Income
NetPortfolioIncome
15879333 USD
CY2014Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
6589305 USD
CY2014Q2 us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
675668 USD
CY2014Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5913637 USD
CY2014Q2 orc Realized Gains On Investments
RealizedGainsOnInvestments
2980121 USD
CY2014Q2 orc Unrealized Gains On Investments
UnrealizedGainsOnInvestments
8583978 USD
CY2014Q2 us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-5728196 USD
CY2014Q2 orc Net Portfolio Income
NetPortfolioIncome
11749540 USD
CY2013Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
2428699 USD
CY2013Q2 us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
321886 USD
CY2013Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2106813 USD
CY2013Q2 orc Realized Gains On Investments
RealizedGainsOnInvestments
-923454 USD
CY2013Q2 orc Unrealized Gains On Investments
UnrealizedGainsOnInvestments
-9129622 USD
CY2013Q2 us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
6851588 USD
CY2013Q2 orc Net Portfolio Income
NetPortfolioIncome
-1094675 USD
orc Management Fees
ManagementFees
732500 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
225000 USD
orc Directors Fees And Liability Insurance
DirectorsFeesAndLiabilityInsurance
240286 USD
us-gaap Professional Fees
ProfessionalFees
245438 USD
orc Direct Reit Operating Expenses
DirectReitOperatingExpenses
88385 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
117520 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1649129 USD
CY2014Q2 orc Management Fees
ManagementFees
429700 USD
CY2014Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
225000 USD
CY2014Q2 orc Directors Fees And Liability Insurance
DirectorsFeesAndLiabilityInsurance
156034 USD
CY2014Q2 us-gaap Professional Fees
ProfessionalFees
172427 USD
CY2014Q2 orc Direct Reit Operating Expenses
DirectReitOperatingExpenses
43565 USD
CY2014Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
87873 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1114599 USD
CY2013Q2 orc Management Fees
ManagementFees
185100 USD
CY2013Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
0 USD
CY2013Q2 orc Directors Fees And Liability Insurance
DirectorsFeesAndLiabilityInsurance
82924 USD
CY2013Q2 us-gaap Professional Fees
ProfessionalFees
106338 USD
CY2013Q2 orc Direct Reit Operating Expenses
DirectReitOperatingExpenses
36243 USD
CY2013Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
40872 USD
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
451477 USD
us-gaap Profit Loss
ProfitLoss
14230204 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
10634941 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
-1546152 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.01
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.17
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.17
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.46
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.46
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.08
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
7096838 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7096838 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
9078107 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9078107 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
3341665 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3341665 shares
orc Amortization Of Equity Awards
AmortizationOfEquityAwards
16080 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
38449 USD
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
54529 USD
CY2014Q1 orc Record Date
RecordDate
March 26, 2014
CY2013Q4 orc Declaration Date
DeclarationDate
October 10, 2013
CY2013Q3 orc Declaration Date
DeclarationDate
July 9, 2013
CY2013Q2 orc Declaration Date
DeclarationDate
April 10, 2013
CY2013Q3 orc Record Date
RecordDate
August 26, 2013
CY2013Q3 orc Payment Date
PaymentDate
August 30, 2013
CY2013Q2 orc Record Date
RecordDate
May 28, 2013
CY2013Q2 orc Payment Date
PaymentDate
May 31, 2013
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2014Q2 us-gaap Dividends
Dividends
1636500 USD
CY2014Q1 us-gaap Dividends
Dividends
1550100 USD
CY2014Q1 us-gaap Dividends
Dividends
974100 USD
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
0 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
-9982312 USD
orc Swaption Gain
SwaptionGain
0 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
943822 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
165453 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1759 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-31783 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
118508 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7815727 USD
orc Payments To Acquire Mortgage Backed Securities Mbs Categorized As Trading
PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading
441631460 USD
orc Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Trading
ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading
193018563 USD
orc Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading
14645075 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
8457250 USD
us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
0 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-242425072 USD
orc Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
1671711679 USD
orc Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
1466917515 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
1804499 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
35400000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
238389665 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3780320 USD
us-gaap Interest Paid
InterestPaid
521547 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6317577 USD
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2010-08-17
dei Entity Incorporation State Country Name
EntityIncorporationStateCountryName
MD
us-gaap Operations Commenced Date1
OperationsCommencedDate1
2010-11-24
us-gaap Initial Offering Period
InitialOfferingPeriod
February 20, 2013
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2360000 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
35400000 USD
CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.135
CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.135
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.135
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.135
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.135
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2014Q1 us-gaap Dividends
Dividends
925500 USD
CY2013Q4 us-gaap Dividends
Dividends
601500 USD
CY2013Q4 us-gaap Dividends
Dividends
451125 USD
CY2013Q4 us-gaap Dividends
Dividends
451125 USD
CY2013Q3 us-gaap Dividends
Dividends
451125 USD
CY2013Q3 us-gaap Dividends
Dividends
451125 USD
CY2013Q3 us-gaap Dividends
Dividends
451125 USD
CY2013Q2 us-gaap Dividends
Dividends
451125 USD
CY2013Q2 us-gaap Dividends
Dividends
451125 USD
CY2013Q2 us-gaap Dividends
Dividends
451125 USD
CY2013Q1 us-gaap Dividends
Dividends
451125 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
0 shares
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
24000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
12.23
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
12.32
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
13.06
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
26944 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
-2944 shares
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1146000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1146000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10635000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
10635000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1546000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1546000 USD
orc Effect Of Weighting
EffectOfWeighting
-665000 shares
CY2014Q2 orc Effect Of Weighting
EffectOfWeighting
-578000 shares
CY2013Q2 orc Effect Of Weighting
EffectOfWeighting
0 shares
CY2013Q2 us-gaap Management Fee Expense
ManagementFeeExpense
185000 USD
CY2014Q2 us-gaap Management Fee Expense
ManagementFeeExpense
430000 USD
us-gaap Management Fee Expense
ManagementFeeExpense
325000 USD
orc Offering Expenses Paid
OfferingExpensesPaid
3000000 USD
us-gaap Management Fee Expense
ManagementFeeExpense
733000 USD
orc Stock Issued Under Distribution Agreement
StockIssuedUnderDistributionAgreement
537499 shares
orc Stock Issued Under Distribution Agreement
StockIssuedUnderDistributionAgreement
653420 shares
orc Proceeds From Distribution Agreement
ProceedsFromDistributionAgreement
6900000 USD
orc Proceeds From Distribution Agreement
ProceedsFromDistributionAgreement
8400000 USD
CY2013Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2360000 shares
CY2014Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2070000 shares
CY2014Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3680000 shares
CY2014Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
537499 shares
CY2013Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
35400000 USD
CY2014Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
24174000 USD
CY2014Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
6914000 USD
CY2013Q1 us-gaap Share Price
SharePrice
15
CY2014Q1 us-gaap Share Price
SharePrice
12.5
CY2014Q1 us-gaap Share Price
SharePrice
12.55
CY2014Q2 us-gaap Share Price
SharePrice
13.14
CY2014Q3 us-gaap Share Price
SharePrice
13.07
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
orc Distribution Agreement Period
DistributionAgreementPeriod
June 2014 - July 2014
CY2014Q2 orc Stock To Be Issued Value Original
StockToBeIssuedValueOriginal
35000000 USD
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
6403420 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
76560000 USD
CY2014Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
115921 shares
CY2014Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1483000 USD
CY2014Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2014Q3 us-gaap Dividends
Dividends
1758965 USD
orc Remaining Weighted Average Vesting Period
RemainingWeightedAverageVestingPeriod
2.8 Years
CY2014Q2 us-gaap Dividends
Dividends
1711531 USD
orc Dividends Paid In Shares
DividendsPaidInShares
8276 USD
CY2014Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
4784000 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
2446000 USD
CY2014Q2 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
-1266000 USD
CY2013Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2013Q1 orc Gross Amount Of Recognized Liabilties
GrossAmountOfRecognizedLiabilties
318557000 USD
CY2013Q1 orc Gross Amount Of Liabilties Offset In The Balance Sheet
GrossAmountOfLiabiltiesOffsetInTheBalanceSheet
0 USD
CY2013Q1 orc Net Amount Of Liabilities Presented In The Balance Sheet
NetAmountOfLiabilitiesPresentedInTheBalanceSheet
318557000 USD
CY2013Q1 orc Gross Amount Of Financial Instruments Posted Not Offset In Balance Sheet
GrossAmountOfFinancialInstrumentsPostedNotOffsetInBalanceSheet
318557000 USD
CY2013Q1 orc Gross Amounts Of Cash Posted Not Offset In Balance Sheet
GrossAmountsOfCashPostedNotOffsetInBalanceSheet
0 USD
CY2013Q1 orc Net Amount Of Liabilities
NetAmountOfLiabilities
0 USD
CY2013Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3342000 shares
CY2013Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
0 shares
CY2014Q2 orc Repurchase Agreement Amount At Risk
RepurchaseAgreementAmountAtRisk
52500000 USD
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
9748029 shares
orc Equity Distribution Agreement Date
EquityDistributionAgreementDate
June 17, 2014
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2014Q2 us-gaap Dividends
Dividends
1640820 USD
CY2014Q3 orc Declaration Date
DeclarationDate
July 10, 2014
CY2014Q2 orc Declaration Date
DeclarationDate
June 11, 2014
CY2014Q2 orc Declaration Date
DeclarationDate
May 8, 2014
CY2014Q2 orc Declaration Date
DeclarationDate
April 8, 2014
CY2014Q1 orc Declaration Date
DeclarationDate
March 11, 2014
CY2014Q1 orc Declaration Date
DeclarationDate
February 11, 2014
CY2014Q1 orc Declaration Date
DeclarationDate
January 9, 2014
CY2014Q3 orc Record Date
RecordDate
July 28, 2014
CY2014Q2 orc Record Date
RecordDate
June 25, 2014
CY2014Q2 orc Record Date
RecordDate
May 27, 2014
CY2014Q2 orc Record Date
RecordDate
April 25, 2014
CY2014Q1 orc Record Date
RecordDate
February 25, 2014
CY2014Q1 orc Payment Date
PaymentDate
January 31, 2014
CY2013Q4 orc Declaration Date
DeclarationDate
December 11, 2013
CY2013Q4 orc Declaration Date
DeclarationDate
November 12, 2013
CY2013Q3 orc Declaration Date
DeclarationDate
September 10, 2013
CY2013Q3 orc Declaration Date
DeclarationDate
August 12, 2013
CY2013Q2 orc Declaration Date
DeclarationDate
June 10, 2013
CY2013Q2 orc Declaration Date
DeclarationDate
May 9, 2013
CY2013Q1 orc Declaration Date
DeclarationDate
March 8, 2013
CY2013Q4 orc Record Date
RecordDate
December 26, 2013
CY2013Q4 orc Record Date
RecordDate
November 25, 2013
CY2013Q4 orc Record Date
RecordDate
October 25, 2013
CY2013Q3 orc Record Date
RecordDate
September 25, 2013
CY2013Q3 orc Record Date
RecordDate
July 25, 2013
CY2013Q3 orc Payment Date
PaymentDate
July 31, 2013
CY2013Q2 orc Record Date
RecordDate
June 25, 2013
CY2013Q2 orc Payment Date
PaymentDate
June 28, 2013
CY2013Q2 orc Record Date
RecordDate
April 25, 2013
CY2013Q2 orc Payment Date
PaymentDate
April 30, 2013
CY2013Q1 orc Record Date
RecordDate
March 25, 2013
CY2013Q1 orc Payment Date
PaymentDate
March 27, 2013
CY2013Q1 orc Stock Dividend Declaration Date
StockDividendDeclarationDate
2/14/2013
CY2013Q1 orc Stock Dividend Issue Date
StockDividendIssueDate
2013-02-20

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