2015 Q1 Form 10-K Financial Statement

#000127547715000015 Filed on February 24, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q4 2014
Revenue $14.61M $12.15M $31.80M
YoY Change 286.31% 332.86% 245.73%
Cost Of Revenue $2.150M $1.860M $5.000M
YoY Change 202.82% 287.5% 177.78%
Gross Profit $6.400M $4.230M $27.00M
YoY Change 67.1% 150.3% 8900.0%
Gross Profit Margin 43.79% 34.83% 84.89%
Selling, General & Admin $1.746M $1.445M $4.488M
YoY Change 226.36% 245.69% 169.06%
% of Gross Profit 27.28% 34.16% 16.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.746M $1.445M $4.488M
YoY Change 226.36% 245.69% 169.06%
Operating Profit $4.654M $2.785M $22.51M
YoY Change 41.24% 118.95% -1745.61%
Interest Expense $1.296M $1.126M
YoY Change 215.33%
% of Operating Profit 27.85% 40.43%
Other Income/Expense, Net $651.0K $708.0K
YoY Change 180.6% 190.16%
Pretax Income $5.510M $3.520M $24.50M
YoY Change 53.06% 144.44% -3600.0%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $5.509M $3.521M $24.52M
YoY Change 53.24% 143.67% -3612.75%
Net Earnings / Revenue 37.7% 28.99% 77.09%
Basic Earnings Per Share $0.54 $0.24 $2.48
Diluted Earnings Per Share $0.54 $0.24 $2.48
COMMON SHARES
Basic Shares Outstanding 16.73M shares 13.08M shares
Diluted Shares Outstanding 16.85M shares 14.57M shares 9.890M shares

Balance Sheet

Concept 2015 Q1 2014 Q4 2014
SHORT-TERM ASSETS
Cash & Short-Term Investments $78.10M $93.10M $93.10M
YoY Change 79.13% 1035.37% 1035.37%
Cash & Equivalents $78.11M $93.14M $93.10M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $85.00M $99.30M $99.30M
YoY Change 82.8% 913.27% 913.27%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.677B $1.549B $1.549B
YoY Change 124.2% 341.12% 341.12%
Other Assets $2.200M $2.600M $2.600M
YoY Change 266.67% 8.33% 8.33%
Total Long-Term Assets $1.686B $1.559B $1.559B
YoY Change 123.7% 340.54% 340.5%
TOTAL ASSETS
Total Short-Term Assets $85.00M $99.30M $99.30M
Total Long-Term Assets $1.686B $1.559B $1.559B
Total Assets $1.771B $1.658B $1.658B
YoY Change 121.32% 355.97% 355.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $400.0K $300.0K $300.0K
YoY Change 300.0% 200.0% 200.0%
Accrued Expenses $400.0K $600.0K $600.0K
YoY Change 300.0% 500.0% 500.0%
Deferred Revenue
YoY Change
Short-Term Debt $1.460B $1.437B $1.437B
YoY Change 124.12% 350.94% 350.94%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.540B $1.438B $1.438B
YoY Change 122.83% 350.94% 350.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $600.0K $2.100M $2.100M
YoY Change -64.71% 2000.0% 2000.0%
Total Long-Term Liabilities $600.0K $2.100M $2.100M
YoY Change -64.71% 2000.0% 2000.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.540B $1.438B $1.438B
Total Long-Term Liabilities $600.0K $2.100M $2.100M
Total Liabilities $1.540B $1.440B $1.440B
YoY Change 122.32% 351.59% 351.6%
SHAREHOLDERS EQUITY
Retained Earnings $0.00 $492.0K
YoY Change -135.55%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $230.7M $218.1M $218.1M
YoY Change
Total Liabilities & Shareholders Equity $1.771B $1.658B $1.658B
YoY Change 121.31% 355.97% 355.94%

Cashflow Statement

Concept 2015 Q1 2014 Q4 2014
OPERATING ACTIVITIES
Net Income $5.509M $3.521M $24.52M
YoY Change 53.24% 143.67% -3612.75%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$2.425M $3.270M $11.65M
YoY Change -2818.82% 26.74% 15.32%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$42.38M -$187.6M -$1.193B
YoY Change -88.11% 959.77% 377.71%
Cash From Investing Activities -$42.38M -$187.6M -$1.193B
YoY Change -88.11% 959.77% 377.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $171.3M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 29.78M 222.4M 1.267B
YoY Change -92.4% 1345.22% 416.3%
NET CHANGE
Cash From Operating Activities -$2.425M 3.270M $11.65M
Cash From Investing Activities -42.38M -187.6M -1.193B
Cash From Financing Activities 29.78M 222.4M 1.267B
Net Change In Cash -$2.425M 38.11M $11.65M
YoY Change -2818.82% 14014.81% 15.32%
FREE CASH FLOW
Cash From Operating Activities -$2.425M $3.270M $11.65M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1266745000 USD
CY2013 orc Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
3319670000 USD
CY2012 orc Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
581462000 USD
CY2012 orc Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
521846000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
245354000 USD
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
84968000 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
5632000 USD
CY2014 us-gaap Interest Paid
InterestPaid
2495000 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2014 orc Non Cash Issuance Of Common Stock
NonCashIssuanceOfCommonStock
0 USD
CY2013 orc Non Cash Issuance Of Common Stock
NonCashIssuanceOfCommonStock
0 USD
CY2014 orc Dividends Paid In Shares
DividendsPaidInShares
0 USD
CY2013 orc Dividends Paid In Shares
DividendsPaidInShares
8000 USD
CY2012 orc Dividends Paid In Shares
DividendsPaidInShares
0 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2537000 USD
CY2014 dei Document Type
DocumentType
10-K
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-12-31
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 dei Entity Registrant Name
EntityRegistrantName
Orchid Island Capital, Inc.
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0001518621
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2014 dei Trading Symbol
TradingSymbol
ORC
CY2014Q2 dei Entity Public Float
EntityPublicFloat
112209365 USD
CY2015Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
16727811 shares
CY2014Q1 orc Payment Date
PaymentDate
March 31, 2014
CY2013Q4 orc Record Date
RecordDate
October 25, 2013
CY2013Q2 orc Payment Date
PaymentDate
April 30, 2013
CY2014Q2 orc Payment Date
PaymentDate
May 30, 2014
CY2013Q4 orc Payment Date
PaymentDate
October 31, 2013
CY2013Q3 orc Payment Date
PaymentDate
July 31, 2013
CY2014Q1 us-gaap Other Expenses
OtherExpenses
232000 USD
CY2014Q4 orc Mortgage Backed Securities Within One Year Fair Value
MortgageBackedSecuritiesWithinOneYearFairValue
0 USD
CY2014Q4 orc Mortgage Backed Securities After One Through Five Years Fair Value
MortgageBackedSecuritiesAfterOneThroughFiveYearsFairValue
0 USD
CY2014Q4 orc Mortgage Backed Securities After Five Through Ten Years Fair Value
MortgageBackedSecuritiesAfterFiveThroughTenYearsFairValue
967000 USD
CY2014Q4 orc Mortgage Backed Securities After Ten Years Fair Value
MortgageBackedSecuritiesAfterTenYearsFairValue
1548204000 USD
CY2013Q4 orc Mortgage Backed Securities Within One Year Fair Value
MortgageBackedSecuritiesWithinOneYearFairValue
0 USD
CY2013Q4 orc Mortgage Backed Securities After One Through Five Years Fair Value
MortgageBackedSecuritiesAfterOneThroughFiveYearsFairValue
0 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
CY2014 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2010-08-17
CY2014 dei Entity Incorporation State Country Name
EntityIncorporationStateCountryName
MD
CY2014 us-gaap Operations Commenced Date1
OperationsCommencedDate1
2010-11-24
CY2014Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
5174000 USD
CY2013Q4 us-gaap Margin Deposit Assets
MarginDepositAssets
2446000 USD
CY2014Q4 orc Repurchaseagreementcashcollateral
Repurchaseagreementcashcollateral
2616000 USD
CY2013Q4 orc Repurchaseagreementcashcollateral
Repurchaseagreementcashcollateral
0 USD
CY2014Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
93100000 USD
CY2014Q4 orc Federal Deposit Insurance Corporation Per Depositor Limit
FederalDepositInsuranceCorporationPerDepositorLimit
250000 USD
CY2013 us-gaap Initial Offering Period
InitialOfferingPeriod
February 20, 2013
CY2013 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2360000 shares
CY2014 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div><table style='border-collapse:collapse;' ><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;' >December 31, 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;' > 984,823 </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;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 534,238 </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</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;' > 3,844 </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;' >$</font></td><td style='width:48pt;text-align:right;border-color:Black;min-width:48pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 1,522,905 </font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:221.25pt;text-align:left;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >Repurchase agreement liabilities associated with</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:55.5pt;text-align:left;border-color:Black;min-width:55.5pt;' ></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ></td><td style='width:48pt;text-align:left;border-color:Black;min-width:48pt;' ></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ></td><td style='width:210pt;text-align:left;border-color:Black;min-width:210pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >these securities</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</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;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 929,831 </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</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;' > 502,947 </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;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' > 3,873 </font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</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;' > 1,436,651 </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;' >0.36%</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;' >0.38%</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;' >0.36%</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>
CY2014Q4 orc Collateral Held On Repurchase Agreements
CollateralHeldOnRepurchaseAgreements
1522905000 USD
CY2013Q4 orc Collateral Held On Repurchase Agreements
CollateralHeldOnRepurchaseAgreements
336998000 USD
CY2014 us-gaap Reclassifications
Reclassifications
<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;font-weight:bold;margin-left:0pt;' >Reclassifications</font></p><p style='text-align:justify;line-height:13.8pt;' ></p><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:0pt;' >Certain prior period amounts have been reclassified to conform to the current </font><font style='font-family:Arial Narrow;font-size:11pt;' >period presentations.</font></p><p style='text-align:justify;line-height:13.8pt;' ></p></div>
CY2014 orc Required Annual Distribution Of Taxable Income
RequiredAnnualDistributionOfTaxableIncome
0.9 pure
CY2014Q4 orc Weighted Average Borrowing Rate
WeightedAverageBorrowingRate
0.0036 pure
CY2013Q4 orc Weighted Average Borrowing Rate
WeightedAverageBorrowingRate
0.0039 pure
CY2014Q3 orc Payment Date
PaymentDate
September 30, 2014
CY2014Q3 orc Payment Date
PaymentDate
July 31, 2014
CY2014Q1 orc Payment Date
PaymentDate
January 31, 2014
CY2013Q3 orc Payment Date
PaymentDate
September 30, 2013
CY2013Q2 orc Payment Date
PaymentDate
May 31, 2013
CY2013Q1 orc Payment Date
PaymentDate
March 27, 2013
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
6391000 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
2446000 USD
CY2014Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
-1364000 USD
CY2013Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2014Q4 us-gaap Derivative Average Variable Interest Rate
DerivativeAverageVariableInterestRate
0.0173 pure
CY2013Q4 us-gaap Derivative Average Variable Interest Rate
DerivativeAverageVariableInterestRate
0.0202 pure
CY2013Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
257353000 USD
CY2013Q4 orc Open Equity
OpenEquity
4898000 USD
CY2014Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
760000000 USD
CY2014Q4 orc Open Equity
OpenEquity
-4302000 USD
CY2014Q4 orc Gross Amount Of Recognized Assets
GrossAmountOfRecognizedAssets
1217000 USD
CY2013Q4 orc Gross Amount Of Recognized Assets
GrossAmountOfRecognizedAssets
0 USD
CY2014Q4 orc Gross Amount Of Assets Offset In The Balance Sheet
GrossAmountOfAssetsOffsetInTheBalanceSheet
0 USD
CY2013Q4 orc Gross Amount Of Assets Offset In The Balance Sheet
GrossAmountOfAssetsOffsetInTheBalanceSheet
0 USD
CY2014Q4 orc Net Amount Of Assets Presented In The Balance Sheet
NetAmountOfAssetsPresentedInTheBalanceSheet
1217000 USD
CY2013Q4 orc Net Amount Of Assets Presented In The Balance Sheet
NetAmountOfAssetsPresentedInTheBalanceSheet
0 USD
CY2014Q4 orc Gross Amounts Of Financial Instruments Received Not Offset In Balance Sheet
GrossAmountsOfFinancialInstrumentsReceivedNotOffsetInBalanceSheet
0 USD
CY2013Q4 orc Gross Amounts Of Financial Instruments Received Not Offset In Balance Sheet
GrossAmountsOfFinancialInstrumentsReceivedNotOffsetInBalanceSheet
0 USD
CY2014Q4 orc Gross Amounts Of Cash Collateral Received Not Offset In Balance Sheet
GrossAmountsOfCashCollateralReceivedNotOffsetInBalanceSheet
-1217000 USD
CY2013Q4 orc Gross Amounts Of Cash Collateral Received Not Offset In Balance Sheet
GrossAmountsOfCashCollateralReceivedNotOffsetInBalanceSheet
0 USD
CY2014Q4 orc Net Amount Of Assets
NetAmountOfAssets
0 USD
CY2013Q4 orc Net Amount Of Assets
NetAmountOfAssets
0 USD
CY2014Q4 orc Gross Amount Of Recognized Liabilties
GrossAmountOfRecognizedLiabilties
1436651000 USD
CY2013Q4 orc Gross Amount Of Recognized Liabilties
GrossAmountOfRecognizedLiabilties
318557000 USD
CY2014Q4 orc Gross Amount Of Liabilties Offset In The Balance Sheet
GrossAmountOfLiabiltiesOffsetInTheBalanceSheet
0 USD
CY2013Q4 orc Gross Amount Of Liabilties Offset In The Balance Sheet
GrossAmountOfLiabiltiesOffsetInTheBalanceSheet
0 USD
CY2014Q4 orc Net Amount Of Liabilities Presented In The Balance Sheet
NetAmountOfLiabilitiesPresentedInTheBalanceSheet
1436651000 USD
CY2013Q4 orc Net Amount Of Liabilities Presented In The Balance Sheet
NetAmountOfLiabilitiesPresentedInTheBalanceSheet
318557000 USD
CY2014Q4 orc Gross Amount Of Financial Instruments Posted Not Offset In Balance Sheet
GrossAmountOfFinancialInstrumentsPostedNotOffsetInBalanceSheet
-1434035000 USD
CY2013Q4 orc Gross Amount Of Financial Instruments Posted Not Offset In Balance Sheet
GrossAmountOfFinancialInstrumentsPostedNotOffsetInBalanceSheet
-318557000 USD
CY2014Q4 orc Gross Amounts Of Cash Posted Not Offset In Balance Sheet
GrossAmountsOfCashPostedNotOffsetInBalanceSheet
-2616000 USD
CY2013Q4 orc Gross Amounts Of Cash Posted Not Offset In Balance Sheet
GrossAmountsOfCashPostedNotOffsetInBalanceSheet
0 USD
CY2014Q4 orc Net Amount Of Liabilities
NetAmountOfLiabilities
0 USD
CY2013Q4 orc Net Amount Of Liabilities
NetAmountOfLiabilities
0 USD
CY2014 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
13352147 shares
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
35400000 USD
CY2015Q1 orc Declaration Date
DeclarationDate
February 10, 2015
CY2015Q1 orc Declaration Date
DeclarationDate
January 13, 2015
CY2014Q4 orc Declaration Date
DeclarationDate
December 9, 2014
CY2014Q4 orc Declaration Date
DeclarationDate
November 12, 2014
CY2014Q4 orc Declaration Date
DeclarationDate
October 9, 2014
CY2014Q3 orc Declaration Date
DeclarationDate
September 9, 2014
CY2014Q3 orc Declaration Date
DeclarationDate
August 12, 2014
CY2014Q3 orc Declaration Date
DeclarationDate
July 10, 2014
CY2014Q2 orc Declaration Date
DeclarationDate
June 11, 2014
CY2014Q2 orc Declaration Date
DeclarationDate
May 8, 2014
CY2013Q2 orc Declaration Date
DeclarationDate
June 10, 2013
CY2013Q2 orc Declaration Date
DeclarationDate
May 9, 2013
CY2013Q2 orc Declaration Date
DeclarationDate
April 10, 2013
CY2013Q1 orc Declaration Date
DeclarationDate
March 8, 2013
CY2015Q1 orc Payment Date
PaymentDate
February 27, 2015
CY2015Q1 orc Payment Date
PaymentDate
January 30, 2015
CY2014Q4 orc Record Date
RecordDate
October 28, 2014
CY2014Q3 orc Record Date
RecordDate
September 25, 2014
CY2014Q3 orc Record Date
RecordDate
August 26, 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
March 26, 2014
CY2014Q1 orc Record Date
RecordDate
February 25, 2014
CY2014Q1 orc Record Date
RecordDate
January 27, 2014
CY2014Q4 orc Payment Date
PaymentDate
December 30, 2014
CY2014Q4 orc Payment Date
PaymentDate
November 28, 2014
CY2014Q4 orc Payment Date
PaymentDate
October 31, 2014
CY2014Q3 orc Payment Date
PaymentDate
August 29, 2014
CY2014Q2 orc Payment Date
PaymentDate
June 30, 2014
CY2014Q2 orc Payment Date
PaymentDate
April 30, 2014
CY2014Q1 orc Payment Date
PaymentDate
February 28, 2014
CY2013Q4 orc Record Date
RecordDate
December 26, 2013
CY2013Q4 orc Record Date
RecordDate
November 25, 2013
CY2013Q3 orc Record Date
RecordDate
September 25, 2013
CY2013Q3 orc Record Date
RecordDate
August 26, 2013
CY2013Q3 orc Record Date
RecordDate
July 25, 2013
CY2013Q2 orc Record Date
RecordDate
June 25, 2013
CY2013Q2 orc Record Date
RecordDate
May 28, 2013
CY2013Q2 orc Record Date
RecordDate
April 25, 2013
CY2013Q1 orc Record Date
RecordDate
March 25, 2013
CY2013Q4 orc Payment Date
PaymentDate
December 30, 2013
CY2013Q4 orc Payment Date
PaymentDate
November 27, 2013
CY2013Q3 orc Payment Date
PaymentDate
August 30, 2013
CY2013Q2 orc Payment Date
PaymentDate
June 28, 2013
CY2015Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2015Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2014Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2014Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2014Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2014Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2014Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2014Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2013Q3 us-gaap Dividends
Dividends
451000 USD
CY2013Q3 us-gaap Dividends
Dividends
451000 USD
CY2013Q3 us-gaap Dividends
Dividends
451000 USD
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
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 Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
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
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.135
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.135
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.135
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.135
CY2015Q1 us-gaap Dividends
Dividends
3017000 USD
CY2015Q1 us-gaap Dividends
Dividends
3017000 USD
CY2014Q4 us-gaap Dividends
Dividends
3004000 USD
CY2014Q4 us-gaap Dividends
Dividends
2737000 USD
CY2014Q4 us-gaap Dividends
Dividends
2358000 USD
CY2014Q3 us-gaap Dividends
Dividends
2348000 USD
CY2014Q3 us-gaap Dividends
Dividends
1999000 USD
CY2014Q3 us-gaap Dividends
Dividends
1759000 USD
CY2014Q2 us-gaap Dividends
Dividends
1712000 USD
CY2014Q2 us-gaap Dividends
Dividends
1641000 USD
CY2014Q2 us-gaap Dividends
Dividends
1636000 USD
CY2014Q1 us-gaap Dividends
Dividends
1550000 USD
CY2014Q1 us-gaap Dividends
Dividends
974000 USD
CY2014Q1 us-gaap Dividends
Dividends
925000 USD
CY2013Q4 us-gaap Dividends
Dividends
603000 USD
CY2013Q4 us-gaap Dividends
Dividends
451000 USD
CY2013Q4 us-gaap Dividends
Dividends
451000 USD
CY2013Q2 us-gaap Dividends
Dividends
451000 USD
CY2013Q2 us-gaap Dividends
Dividends
451000 USD
CY2013Q2 us-gaap Dividends
Dividends
451000 USD
CY2013Q1 us-gaap Dividends
Dividends
451000 USD
CY2013Q1 orc Stock Dividend Declaration Date
StockDividendDeclarationDate
2/14/2013
CY2013Q1 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
5.37 pure
CY2013Q1 us-gaap Stock Dividends Shares
StockDividendsShares
827555 shares
CY2013Q1 orc Stock Dividend Issue Date
StockDividendIssueDate
2013-02-20
CY2014Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
3700000 USD
CY2014Q4 orc Undistributed Income
UndistributedIncome
400000 USD
CY2012 us-gaap Management Fee Expense
ManagementFeeExpense
335000 USD
CY2013 us-gaap Management Fee Expense
ManagementFeeExpense
679000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24519000 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-698000 USD
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
534000 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
24519000 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-698000 USD
CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
534000 USD
CY2014 orc Effect Of Weighting
EffectOfWeighting
-6834000 shares
CY2013 orc Effect Of Weighting
EffectOfWeighting
-330000 shares
CY2012 orc Effect Of Weighting
EffectOfWeighting
0 shares
CY2014Q4 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 Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
0 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
0 shares
CY2014Q4 orc Swaption Value
SwaptionValue
1216838 USD
CY2014Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
3372000 USD
CY2014Q1 orc Realized And Unrealized Gains
RealizedAndUnrealizedGains
758000 USD
CY2014 us-gaap Management Fee Expense
ManagementFeeExpense
2404000 USD
CY2014Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
3783000 USD
CY2014Q1 orc Net Portfolio Income
NetPortfolioIncome
4130000 USD
CY2014Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
6589000 USD
CY2014Q2 orc Net Portfolio Income
NetPortfolioIncome
11750000 USD
CY2014Q3 us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
-818000 USD
CY2014Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8468000 USD
CY2014Q3 orc Realized And Unrealized Gains
RealizedAndUnrealizedGains
-307000 USD
CY2014Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
12146000 USD
CY2014Q4 us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
-1126000 USD
CY2014Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
11020000 USD
CY2014Q4 orc Realized And Unrealized Gains
RealizedAndUnrealizedGains
-6054000 USD
CY2014Q4 orc Net Portfolio Income
NetPortfolioIncome
4966000 USD
CY2014Q1 orc Management Fees
ManagementFees
303000 USD
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
535000 USD
CY2014Q2 orc Management Fees
ManagementFees
430000 USD
CY2014Q2 us-gaap Other Expenses
OtherExpenses
685000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1115000 USD
CY2014Q3 orc Management Fees
ManagementFees
543000 USD
CY2014Q3 us-gaap Other Expenses
OtherExpenses
850000 USD
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1393000 USD
CY2014Q4 orc Management Fees
ManagementFees
737000 USD
CY2014Q4 us-gaap Other Expenses
OtherExpenses
708000 USD
CY2014Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1445000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
10635000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
6768000 USD
CY2014Q4 us-gaap Profit Loss
ProfitLoss
3521000 USD
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.71
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.17
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
CY2014Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
CY2014Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
CY2014Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
CY2014Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
5094000 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5094000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
9078000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9078000 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
10710000 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10710000 shares
CY2014Q4 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
14565000 shares
CY2014Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14565000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
2004000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2004000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
3342000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3342000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
3342000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3342000 shares
CY2013Q4 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
3342000 shares
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3342000 shares
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.2
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.2
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.46
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.46
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.3
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.3
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.43
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.135
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.405
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.405
CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.45
CY2013Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
1413000 USD
CY2013Q1 us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
-201000 USD
CY2013Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1212000 USD
CY2013Q1 orc Realized And Unrealized Gains
RealizedAndUnrealizedGains
-414000 USD
CY2013Q1 orc Net Portfolio Income
NetPortfolioIncome
798000 USD
CY2013Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
2429000 USD
CY2013Q2 us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
-322000 USD
CY2013Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2107000 USD
CY2013Q2 orc Realized And Unrealized Gains
RealizedAndUnrealizedGains
-3202000 USD
CY2013Q2 orc Net Portfolio Income
NetPortfolioIncome
-1095000 USD
CY2013Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
2551000 USD
CY2013Q3 us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
-294000 USD
CY2013Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2257000 USD
CY2013Q3 orc Realized And Unrealized Gains
RealizedAndUnrealizedGains
-2853000 USD
CY2013Q3 orc Net Portfolio Income
NetPortfolioIncome
-596000 USD
CY2013Q4 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
2806000 USD
CY2013Q4 us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
-309000 USD
CY2013Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2497000 USD
CY2013Q4 orc Realized And Unrealized Gains
RealizedAndUnrealizedGains
-634000 USD
CY2013Q4 orc Net Portfolio Income
NetPortfolioIncome
1863000 USD
CY2013Q1 orc Management Fees
ManagementFees
125000 USD
CY2013Q1 us-gaap Other Expenses
OtherExpenses
273000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
398000 USD
CY2013Q2 orc Management Fees
ManagementFees
185000 USD
CY2013Q2 us-gaap Other Expenses
OtherExpenses
266000 USD
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
451000 USD
CY2013Q3 orc Management Fees
ManagementFees
180000 USD
CY2013Q3 us-gaap Other Expenses
OtherExpenses
221000 USD
CY2013Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
401000 USD
CY2013Q4 orc Management Fees
ManagementFees
174000 USD
CY2013Q4 us-gaap Other Expenses
OtherExpenses
244000 USD
CY2013Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
418000 USD
CY2013Q1 us-gaap Profit Loss
ProfitLoss
400000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
-1546000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
-997000 USD
CY2013Q4 us-gaap Profit Loss
ProfitLoss
1445000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
29844 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
-5844 shares
CY2014 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
12.41
CY2014 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
13.16
CY2014 orc Remaining Weighted Average Vesting Period
RemainingWeightedAverageVestingPeriod
P2Y4M
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
CY2014Q4 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
CY2014Q4 orc Repurchase Agreement Amount At Risk
RepurchaseAgreementAmountAtRisk
86600000 USD
CY2014Q4 orc Fair Value Of Securities Posted By Counterparty
FairValueOfSecuritiesPostedByCounterparty
1700000 USD
CY2013Q4 orc Undistributed Income
UndistributedIncome
100000 USD
CY2014 orc Taxable Income
TaxableIncome
0 USD
CY2013 orc Taxable Income
TaxableIncome
0 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
4000000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
0.1 pure
CY2014 orc Cash Bonuses
CashBonuses
250000 USD
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
142000 USD
CY2014Q4 orc Remaining Share Based Compensation
RemainingShareBasedCompensation
228000 USD
CY2014Q4 orc Instrinsic Value Of Unvested Shares
InstrinsicValueOfUnvestedShares
313000 USD
CY2012 us-gaap Stock Dividends Shares
StockDividendsShares
828000 shares

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