$ORC
Orchid Island Capital, Inc.

2016 Q3 Form 10-Q Financial Statement

#000127547716000163 Filed on July 28, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2016 Q2 2015 Q2
Revenue $22.36M $19.24M $16.75M
YoY Change 21.83% 14.82% 154.26%
Cost Of Revenue $5.030M $4.280M $2.580M
YoY Change 62.26% 65.89% 132.43%
Gross Profit $21.75M $7.650M -$1.850M
YoY Change -358.01% -513.51% -116.34%
Gross Profit Margin 97.28% 39.77% -11.04%
Selling, General & Admin $2.271M $2.134M $2.001M
YoY Change 10.78% 6.65% 79.62%
% of Gross Profit 10.44% 27.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.271M $2.134M $2.001M
YoY Change 10.78% 6.65% 79.62%
Operating Profit $19.48M $5.516M -$3.851M
YoY Change -285.87% -243.24% -137.73%
Interest Expense $3.979M $3.330M $1.567M
YoY Change 95.34% 112.51% 131.8%
% of Operating Profit 20.43% 60.37%
Other Income/Expense, Net $883.0K $860.0K $713.0K
YoY Change 21.12% 20.62% 4.09%
Pretax Income $20.53M $6.460M -$2.830M
YoY Change -317.94% -328.27% -126.6%
Income Tax
% Of Pretax Income
Net Earnings $20.53M $6.463M -$2.832M
YoY Change -317.97% -328.21% -126.63%
Net Earnings / Revenue 91.81% 33.6% -16.9%
Basic Earnings Per Share $0.85 $0.29 -$0.14
Diluted Earnings Per Share $0.85 $0.29 -$0.14
COMMON SHARES
Basic Shares Outstanding 22.78M shares 21.78M shares 18.33M shares
Diluted Shares Outstanding 24.13M shares 21.92M shares 19.75M shares

Balance Sheet

Concept 2016 Q3 2016 Q2 2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $110.9M $65.40M $100.5M
YoY Change 65.28% -34.93% 201.8%
Cash & Equivalents $110.9M $65.35M $100.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $27.50M
Other Receivables $9.500M
Total Short-Term Assets $147.9M $74.20M $109.2M
YoY Change -9.26% -32.05% 194.34%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.502B $2.223B $2.175B
YoY Change 18.13% 2.23% 148.28%
Other Assets $8.400M $3.800M $23.10M
YoY Change 320.0% -83.55%
Total Long-Term Assets $2.521B $2.243B $2.198B
YoY Change 18.33% 2.02% 149.46%
TOTAL ASSETS
Total Short-Term Assets $147.9M $74.20M $109.2M
Total Long-Term Assets $2.521B $2.243B $2.198B
Total Assets $2.668B $2.317B $2.308B
YoY Change 16.37% 0.41% 151.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $500.0K $400.0K $500.0K
YoY Change 25.0% -20.0% 150.0%
Accrued Expenses $1.900M $1.400M $600.0K
YoY Change 280.0% 133.33% 100.0%
Deferred Revenue
YoY Change
Short-Term Debt $2.298B $2.061B $2.014B
YoY Change 18.26% 2.32% 157.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.373B $2.067B $2.023B
YoY Change 16.51% 2.18% 155.73%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.300M $6.500M $800.0K
YoY Change 62.5% 712.5% -52.94%
Total Long-Term Liabilities $1.300M $6.500M $800.0K
YoY Change 62.5% 712.5% -52.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.373B $2.067B $2.023B
Total Long-Term Liabilities $1.300M $6.500M $800.0K
Total Liabilities $2.374B $2.073B $2.024B
YoY Change 16.53% 2.47% 155.27%
SHAREHOLDERS EQUITY
Retained Earnings $0.00 $0.00 $0.00
YoY Change -100.0%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $294.4M $243.7M $284.1M
YoY Change
Total Liabilities & Shareholders Equity $2.668B $2.317B $2.308B
YoY Change 16.37% 0.41% 151.27%

Cashflow Statement

Concept 2016 Q3 2016 Q2 2015 Q2
OPERATING ACTIVITIES
Net Income $20.53M $6.463M -$2.832M
YoY Change -317.97% -328.21% -126.63%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $16.89M $9.080M $12.75M
YoY Change -312.72% -28.78% -2871.74%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$245.0M -$126.8M -$601.1M
YoY Change -481.13% -78.91% 301.13%
Cash From Investing Activities -$245.0M -$126.8M -$601.1M
YoY Change -481.13% -78.91% 301.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 267.4M 118.7M 610.7M
YoY Change -398.03% -80.57% 336.12%
NET CHANGE
Cash From Operating Activities 16.89M 9.080M 12.75M
Cash From Investing Activities -245.0M -126.8M -601.1M
Cash From Financing Activities 267.4M 118.7M 610.7M
Net Change In Cash 39.26M 990.0K 22.36M
YoY Change -217.65% -95.57% -317.51%
FREE CASH FLOW
Cash From Operating Activities $16.89M $9.080M $12.75M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q2 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015Q4 orc Mortgage Backed Securities After Five Through Ten Years Fair Value
MortgageBackedSecuritiesAfterFiveThroughTenYearsFairValue
835000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
28504000 USD
us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
2863000 USD
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
31367000 USD
CY2015Q4 orc Weighted Average Borrowing Rate
WeightedAverageBorrowingRate
0.0064 pure
CY2015Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
1798813000 USD
CY2016Q2 orc Securities Acquisitions Settled In Later Period
SecuritiesAcquisitionsSettledInLaterPeriod
4276000 USD
orc Proceeds From Net Tba Settlements
ProceedsFromNetTbaSettlements
-31000 USD
CY2015Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
669000 USD
CY2016Q2 us-gaap Derivative Assets
DerivativeAssets
0 USD
orc Unrealized Gains Swaps
UnrealizedGainsSwaps
-5561000 USD
CY2016Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
243459000 USD
orc Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
7458153000 USD
orc Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Trading
ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading
402575000 USD
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21749490 shares
orc Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
14290130000 USD
CY2016Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
2000000 shares
CY2016Q2 orc Federal Deposit Insurance Corporation Per Depositor Limit
FederalDepositInsuranceCorporationPerDepositorLimit
250000 USD
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
orc Payments To Acquire Mortgage Backed Securities Mbs Categorized As Trading
PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading
1139704000 USD
CY2015Q4 orc Mortgage Backed Securities At Fair Value Unpledged
MortgageBackedSecuritiesAtFairValueUnpledged
62436000 USD
us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
0 USD
CY2015Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
217000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
10324000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
640516000 USD
us-gaap Operations Commenced Date1
OperationsCommencedDate1
2010-11-24
orc Stock Repurchase Program Authorization Date
StockRepurchaseProgramAuthorizationDate
2015-07-29
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-704000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
15270000 USD
orc Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
6880733000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
203000 USD
us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div><table style='border-collapse:collapse;' ><tr style='height:13.5pt;' ><td colspan='2' rowspan='1' style='width:281.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:281.25pt;' ><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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;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:2;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;border-bottom-style:solid;border-bottom-width:2;text-align:left;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:2;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;border-bottom-style:solid;border-bottom-width:2;text-align:left;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:2;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;border-bottom-style:solid;border-bottom-width:2;text-align:left;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></td><td style='width:270pt;border-top-style:solid;border-top-width:2;text-align:left;border-color:Black;min-width:270pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></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;' >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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></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;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></td><td style='width:270pt;text-align:left;border-color:Black;min-width:270pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></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;' >(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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></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;color:#000000;' ></font></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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></td><td style='width:270pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:270pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></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;' >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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></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;' >TOTAL</font></td></tr><tr style='height:12.75pt;' ><td colspan='10' rowspan='1' style='width:533.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:533.25pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >June 30, 2016</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:281.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:281.25pt;' ><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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-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-top-style:solid;border-top-width:1;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;border-top-style:solid;border-top-width:1;text-align:left;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-top-style:solid;border-top-width:1;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;border-top-style:solid;border-top-width:1;text-align:left;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-top-style:solid;border-top-width:1;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;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></td><td style='width:270pt;text-align:left;border-color:Black;min-width:270pt;' ><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;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >276,136</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</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;' >1,506,619</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;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >403,006</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</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;' >2,185,761</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:281.25pt;text-align:left;border-color:Black;min-width:281.25pt;' ><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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;text-align:left;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:left;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:left;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:left;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></td><td style='width:270pt;text-align:left;border-color:Black;min-width:270pt;' ><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;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >261,357</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</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;' >1,419,188</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;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >380,282</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</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;' >2,060,827</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:281.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:281.25pt;' ><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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></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;' >0.67%</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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></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;' >0.70%</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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></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;' >0.69%</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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></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;' >0.69%</font></td></tr><tr style='height:12.75pt;' ><td colspan='10' rowspan='1' style='width:533.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:533.25pt;' ><font style='font-family:Arial Narrow;font-size:10pt;font-weight:bold;color:#000000;' >December 31, 2015</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:281.25pt;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:281.25pt;' ><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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-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-top-style:solid;border-top-width:1;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;border-top-style:solid;border-top-width:1;text-align:left;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-top-style:solid;border-top-width:1;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;border-top-style:solid;border-top-width:1;text-align:left;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-top-style:solid;border-top-width:1;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;border-top-style:solid;border-top-width:1;text-align:left;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></td><td style='width:270pt;text-align:left;border-color:Black;min-width:270pt;' ><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;' >1,894,491</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;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >14,801</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</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;' >1,909,292</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:281.25pt;text-align:left;border-color:Black;min-width:281.25pt;' ><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;' ><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;' ></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:left;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:12.75pt;' ><td style='width:11.25pt;text-align:left;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></td><td style='width:270pt;text-align:left;border-color:Black;min-width:270pt;' ><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;' >1,789,338</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;' >$</font></td><td style='width:55.5pt;text-align:right;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >9,475</font></td><td style='width:7.5pt;text-align:left;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' >$</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;' >1,798,813</font></td></tr><tr style='height:12.75pt;' ><td colspan='2' rowspan='1' style='width:281.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;border-color:Black;min-width:281.25pt;' ><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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></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;' >0.64%</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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></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;' >1.19%</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;' ><font style='font-family:Arial Narrow;font-size:10pt;color:#000000;' ></font></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;' >0.64%</font></td></tr></table></div>
CY2016Q2 orc Net Amount Of Liabilities
NetAmountOfLiabilities
0 USD
CY2016Q2 orc Collateral Held On Repurchase Agreements
CollateralHeldOnRepurchaseAgreements
2185761000 USD
CY2016Q2 orc Gross Amount Of Financial Instruments Posted Not Offset In Balance Sheet
GrossAmountOfFinancialInstrumentsPostedNotOffsetInBalanceSheet
-2057243000 USD
CY2015Q4 orc Repurchaseagreementcashcollateral
Repurchaseagreementcashcollateral
3997000 USD
CY2016Q2 us-gaap Liabilities
Liabilities
2073452000 USD
CY2016Q2 orc Mortgage Backed Securities At Fair Value Unpledged
MortgageBackedSecuritiesAtFairValueUnpledged
43655000 USD
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
100471000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
1988582000 USD
CY2016Q2 orc Unpledged Unsettled Securities Purchases
UnpledgedUnsettledSecuritiesPurchases
4300000 USD
CY2016Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
224000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
234000 USD
orc Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading
110081000 USD
CY2016Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
22783553 shares
CY2015Q4 orc Collateralheldonfhlbadvances
Collateralheldonfhlbadvances
192200000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2677000 USD
CY2016Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
5873000 USD
CY2015Q4 orc Unsettled Purchases
UnsettledPurchases
0 USD
CY2016Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
orc Payments To Acquire Mortgage Backed Securities Mbs Categorized As Trading
PaymentsToAcquireMortgageBackedSecuritiesMbsCategorizedAsTrading
1485258000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18421000 USD
CY2016Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016Q2 orc Weighted Average Borrowing Rate
WeightedAverageBorrowingRate
0.0069 pure
CY2016Q2 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
6254000 USD
CY2016Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
18984000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-643506000 USD
CY2016Q2 dei Entity Registrant Name
EntityRegistrantName
Orchid Island Capital, Inc.
CY2016Q2 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
orc Stock Repurchase Program Cumulative Shares Repurchased
StockRepurchaseProgramCumulativeSharesRepurchased
1216243 shares
CY2016Q2 orc Unsettled Sales
UnsettledSales
0 USD
CY2016Q2 us-gaap Assets
Assets
2317135000 USD
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
126000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
4709000 USD
CY2016Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q4 orc Unsettled Sales
UnsettledSales
0 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1872000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-29000 USD
dei Entity Incorporation State Country Name
EntityIncorporationStateCountryName
MD
orc Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
14028116000 USD
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2010-08-17
orc Allocated Overhead
AllocatedOverhead
626000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4315000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
0 USD
CY2016Q2 orc Gross Amounts Of Cash Posted Not Offset In Balance Sheet
GrossAmountsOfCashPostedNotOffsetInBalanceSheet
-9144000 USD
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2677000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-209000 USD
CY2016Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
444000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
8123000 USD
us-gaap Payments For Federal Home Loan Bank Advances
PaymentsForFederalHomeLoanBankAdvances
187500000 USD
CY2015Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
253038000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-51744000 USD
CY2015Q4 us-gaap Federal Home Loan Bank Advances Branch Of Fhlb Bank Amount Of Advances By Branch
FederalHomeLoanBankAdvancesBranchOfFHLBBankAmountOfAdvancesByBranch
187500000 USD
orc Proceeds From Net Tba Settlements
ProceedsFromNetTbaSettlements
-1598000 USD
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
57229000 USD
orc Unrealized Gains Swaps
UnrealizedGainsSwaps
0 USD
CY2016Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1412000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
93137000 USD
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Other Liabilities
OtherLiabilities
941000 USD
CY2015Q4 us-gaap Assets
Assets
2241837000 USD
CY2016Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
orc Gains On Tba Securities
GainsOnTbaSecurities
-31000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-321000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q2 orc Repurchaseagreementcashcollateral
Repurchaseagreementcashcollateral
3584000 USD
CY2016Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2015Q4 us-gaap Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
2158010000 USD
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
22960000 shares
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
orc Stock Repurchase Program Weighted Average Price Cumulative
StockRepurchaseProgramWeightedAveragePriceCumulative
8.92
us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
3750000 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
GainLossOnInvestmentsExcludingOtherThanTemporaryImpairments
12302000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
20179000 USD
CY2016Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
0 USD
orc Swaption Gain
SwaptionGain
-1152000 USD
orc Effect Of Weighting
EffectOfWeighting
-4664000 shares
CY2015Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
465000 USD
CY2016Q2 dei Trading Symbol
TradingSymbol
ORC
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
213000 USD
CY2015Q4 us-gaap Federal Home Loan Bank Advances Branch Of Fhlb Bank Weighted Average Interest Rate
FederalHomeLoanBankAdvancesBranchOfFHLBBankWeightedAverageInterestRate
0.0042 pure
us-gaap Interest Paid
InterestPaid
6100000 USD
CY2016Q2 dei Document Type
DocumentType
10-Q
CY2015Q4 orc Collateral Held On Repurchase Agreements
CollateralHeldOnRepurchaseAgreements
1909292000 USD
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
298000 USD
CY2016Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
22430858 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
24000 shares
CY2016Q2 us-gaap Other Liabilities
OtherLiabilities
620000 USD
CY2016Q2 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
orc Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Categorized As Trading
ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesCategorizedAsTrading
109412000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
56000 shares
CY2016Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
750000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
0.1 pure
CY2016Q2 orc Mortgage Backed Securities After Five Through Ten Years Fair Value
MortgageBackedSecuritiesAfterFiveThroughTenYearsFairValue
314000 USD
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
65352000 USD
orc Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Trading
ProceedsFromSaleOfMortgageBackedSecuritiesMbsCategorizedAsTrading
1327500000 USD
orc Gains On Tba Securities
GainsOnTbaSecurities
-1911000 USD
CY2016Q2 us-gaap Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
2223257000 USD
CY2016Q2 orc Unsettled Purchases
UnsettledPurchases
4276000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2414000 USD
CY2016Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
22430858 shares
CY2016Q2 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
2060827000 USD
us-gaap Payments For Federal Home Loan Bank Advances
PaymentsForFederalHomeLoanBankAdvances
0 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
12730000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
0 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
62684000 USD
CY2016Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
orc Effect Of Weighting
EffectOfWeighting
-633000 shares
CY2016Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2817000 USD
CY2016Q2 orc Gross Amount Of Recognized Liabilties
GrossAmountOfRecognizedLiabilties
2066387000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1872000 USD
orc Required Annual Distribution Of Taxable Income
RequiredAnnualDistributionOfTaxableIncome
0.9 pure
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
1157000 USD
orc Stock Repurchase Program Cumulative Cost
StockRepurchaseProgramCumulativeCost
10800000 USD
CY2015Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2016Q2 orc Gross Amount Of Liabilties Offset In The Balance Sheet
GrossAmountOfLiabiltiesOffsetInTheBalanceSheet
0 USD
CY2016Q2 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
5873000 USD
CY2016Q2 dei Document Period End Date
DocumentPeriodEndDate
2016-06-30
orc Swaption Gain
SwaptionGain
36000 USD
CY2015Q4 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
3800000 USD
CY2016Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
57900000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2241837000 USD
CY2016Q2 orc Net Amount Of Liabilities Presented In The Balance Sheet
NetAmountOfLiabilitiesPresentedInTheBalanceSheet
2066387000 USD
CY2015Q4 orc Mortgage Backed Securities After Ten Years Fair Value
MortgageBackedSecuritiesAfterTenYearsFairValue
2157175000 USD
CY2016Q2 orc Repurchase Agreement Amount At Risk
RepurchaseAgreementAmountAtRisk
127100000 USD
CY2015Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
863000 USD
CY2016Q2 us-gaap Federal Home Loan Bank Advances Branch Of Fhlb Bank Amount Of Advances By Branch
FederalHomeLoanBankAdvancesBranchOfFHLBBankAmountOfAdvancesByBranch
0 USD
CY2016Q2 dei Amendment Flag
AmendmentFlag
false
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
7334000 USD
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
4000000 shares
CY2015Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 USD
CY2016Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21749490 shares
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
386000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
253255000 USD
us-gaap Interest Paid
InterestPaid
2892000 USD
CY2015Q4 us-gaap Derivative Assets
DerivativeAssets
669000 USD
CY2016Q2 dei Entity Central Index Key
EntityCentralIndexKey
0001518621
CY2016Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
39701000 USD
us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
6649000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
33052000 USD
orc Realized Gains On Investments
RealizedGainsOnInvestments
4253000 USD
orc Unrealized Gains On Investments
UnrealizedGainsOnInvestments
8049000 USD
us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-39181000 USD
orc Federal Home Loan Bank Stock Dividends
FederalHomeLoanBankStockDividends
14000 USD
orc Net Portfolio Income
NetPortfolioIncome
6187000 USD
orc Management Fees
ManagementFees
1916000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
385000 USD
orc Directors Fees And Liability Insurance
DirectorsFeesAndLiabilityInsurance
527000 USD
us-gaap Professional Fees
ProfessionalFees
461000 USD
orc Direct Reit Operating Expenses
DirectReitOperatingExpenses
239000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
161000 USD
us-gaap Profit Loss
ProfitLoss
1872000 USD
orc Realized Gains On Investments
RealizedGainsOnInvestments
-1923000 USD
orc Unrealized Gains On Investments
UnrealizedGainsOnInvestments
-7003000 USD
us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-13154000 USD
orc Federal Home Loan Bank Stock Dividends
FederalHomeLoanBankStockDividends
0 USD
orc Net Portfolio Income
NetPortfolioIncome
6424000 USD
orc Management Fees
ManagementFees
1869000 USD
orc Allocated Overhead
AllocatedOverhead
514000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
322000 USD
orc Directors Fees And Liability Insurance
DirectorsFeesAndLiabilityInsurance
482000 USD
us-gaap Professional Fees
ProfessionalFees
333000 USD
orc Direct Reit Operating Expenses
DirectReitOperatingExpenses
88000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
139000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3747000 USD
us-gaap Profit Loss
ProfitLoss
2677000 USD
CY2016Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
19235000 USD
CY2016Q2 us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
3330000 USD
CY2016Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
15905000 USD
CY2016Q2 orc Realized Gains On Investments
RealizedGainsOnInvestments
10000 USD
CY2016Q2 orc Unrealized Gains On Investments
UnrealizedGainsOnInvestments
4262000 USD
CY2016Q2 us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-11591000 USD
CY2016Q2 orc Federal Home Loan Bank Stock Dividends
FederalHomeLoanBankStockDividends
11000 USD
CY2016Q2 orc Net Portfolio Income
NetPortfolioIncome
8597000 USD
CY2016Q2 orc Management Fees
ManagementFees
945000 USD
CY2016Q2 orc Allocated Overhead
AllocatedOverhead
329000 USD
CY2016Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
214000 USD
CY2016Q2 orc Directors Fees And Liability Insurance
DirectorsFeesAndLiabilityInsurance
245000 USD
CY2016Q2 us-gaap Professional Fees
ProfessionalFees
215000 USD
CY2016Q2 orc Direct Reit Operating Expenses
DirectReitOperatingExpenses
99000 USD
CY2016Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
87000 USD
CY2016Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2134000 USD
CY2016Q2 us-gaap Profit Loss
ProfitLoss
6463000 USD
CY2015Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
16753000 USD
CY2015Q2 us-gaap Repurchase Agreements Interest Expense Amount
RepurchaseAgreementsInterestExpenseAmount
1567000 USD
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
15186000 USD
CY2015Q2 orc Realized Gains On Investments
RealizedGainsOnInvestments
-1891000 USD
CY2015Q2 orc Unrealized Gains On Investments
UnrealizedGainsOnInvestments
-13324000 USD
CY2015Q2 us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-802000 USD
CY2015Q2 orc Federal Home Loan Bank Stock Dividends
FederalHomeLoanBankStockDividends
0 USD
CY2015Q2 orc Net Portfolio Income
NetPortfolioIncome
-831000 USD
CY2015Q2 orc Management Fees
ManagementFees
1014000 USD
CY2015Q2 orc Allocated Overhead
AllocatedOverhead
274000 USD
CY2015Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
157000 USD
CY2015Q2 orc Directors Fees And Liability Insurance
DirectorsFeesAndLiabilityInsurance
234000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.84
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.08
CY2016Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.54
CY2015Q2 us-gaap Professional Fees
ProfessionalFees
173000 USD
CY2015Q2 orc Direct Reit Operating Expenses
DirectReitOperatingExpenses
46000 USD
CY2015Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
103000 USD
CY2015Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2001000 USD
CY2015Q2 us-gaap Profit Loss
ProfitLoss
-2832000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.29
CY2015Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.29
CY2015Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
21853949 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
18320359 shares
CY2016Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
21920573 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
19751871 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21853949 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18320359 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
21920573 shares
CY2015Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
19751871 shares
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
83275000 USD
CY2015Q2 orc Securities Acquisitions Settled In Later Period
SecuritiesAcquisitionsSettledInLaterPeriod
7623000 USD
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
243683000 USD
CY2016Q2 orc Mortgage Backed Securities After One Through Five Years Fair Value
MortgageBackedSecuritiesAfterOneThroughFiveYearsFairValue
270000 USD
CY2015Q4 orc Mortgage Backed Securities After One Through Five Years Fair Value
MortgageBackedSecuritiesAfterOneThroughFiveYearsFairValue
0 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
18421000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
6591000 USD
orc Amortization Of Equity Awards
AmortizationOfEquityAwards
134000 USD
CY2016Q2 orc Mortgage Backed Securities At Fair Value Pledged As Collateral
MortgageBackedSecuritiesAtFairValuePledgedAsCollateral
2179602000 USD
CY2015Q4 orc Mortgage Backed Securities At Fair Value Pledged As Collateral
MortgageBackedSecuritiesAtFairValuePledgedAsCollateral
2095574000 USD
CY2016Q2 us-gaap Interest Receivable
InterestReceivable
8792000 USD
CY2015Q4 us-gaap Interest Receivable
InterestReceivable
8490000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6591000 USD
CY2016Q2 orc Orchid Shares Owned
OrchidSharesOwned
1395036 shares
CY2016Q2 orc Orchid Ownership Percentage
OrchidOwnershipPercentage
0.062 pure
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6463000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2832000 USD
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
6463000 USD
CY2015Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2832000 USD
CY2016Q2 orc Effect Of Weighting
EffectOfWeighting
-566000 shares
CY2015Q2 orc Effect Of Weighting
EffectOfWeighting
-3208000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2016Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2015Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
25705 shares
CY2016Q2 us-gaap Federal Home Loan Bank Stock
FederalHomeLoanBankStock
2500 USD

Files In Submission

Name View Source Status
0001275477-16-000163-index-headers.html Edgar Link pending
0001275477-16-000163-index.html Edgar Link pending
0001275477-16-000163.txt Edgar Link pending
0001275477-16-000163-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
image0.jpg Edgar Link pending
orc-20160630.xml Edgar Link completed
orc-20160630.xsd Edgar Link pending
orc-20160630_cal.xml Edgar Link unprocessable
orc-20160630_def.xml Edgar Link unprocessable
orc-20160630_lab.xml Edgar Link unprocessable
orc-20160630_pre.xml Edgar Link unprocessable
orc10q20160630.htm Edgar Link pending
orc10q20160630x311.htm Edgar Link pending
orc10q20160630x312.htm Edgar Link pending
orc10q20160630x321.htm Edgar Link pending
orc10q20160630x322.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending