$ORC
Orchid Island Capital, Inc. Stock $orc

$orc Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-K Financial Statement

#000143774924005327 Filed on February 23, 2024

Income Statement

Concept	2024 Q1	2023 Q4	2023
Revenue	$48.87M	$83.52M	$181.2M
YoY Change	28.57%	18.82%	25.3%
Cost Of Revenue	$53.52M	$52.33M	$201.9M
YoY Change	19.31%	63.12%	179.84%
Gross Profit	$21.35M	$31.19M	-$20.70M
YoY Change	262.41%	-18.37%	-91.66%
Gross Profit Margin	43.69%	37.35%	-11.42%
Selling, General & Admin	$1.407M	$1.605M	$7.325M
YoY Change	-35.96%	8.89%	18.7%
% of Gross Profit	6.59%	5.15%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$1.577M	$4.064M	$18.53M
YoY Change	-33.23%	23.75%	80.58%
Operating Profit	$19.78M	$27.13M	-$39.23M
YoY Change	460.23%	-22.33%	-84.82%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	$19.78M	$27.13M	-$39.23M
YoY Change	460.23%	-22.33%	-84.82%
Income Tax			$0.00
% Of Pretax Income
Net Earnings	$19.78M	$27.13M	-$39.23M
YoY Change	460.23%	-22.33%	-84.82%
Net Earnings / Revenue	40.47%	32.48%	-21.65%
Basic Earnings Per Share	$0.38		-$0.89
Diluted Earnings Per Share	$0.38	$0.52	-$0.88
COMMON SHARES
Basic Shares Outstanding	51.30M	52.33M	44.65M
Diluted Shares Outstanding

Balance Sheet

Concept	2024 Q1	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$190.4M	$200.3M	$200.3M
YoY Change	32.92%	-2.61%	-2.61%
Cash & Equivalents	$190.4M	$200.3M	$200.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$206.0M	$215.2M	$215.2M
YoY Change	31.76%	-0.89%	-0.89%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$3.981B	$4.043B	$4.043B
YoY Change	-1.39%	13.04%	13.04%
Other Assets	$13.25M	$28.40M	$28.40M
YoY Change	-69.0%	-10.05%	-10.05%
Total Long-Term Assets	$4.009B	$4.050B	$4.050B
YoY Change	-2.46%	10.99%	10.99%
TOTAL ASSETS
Total Short-Term Assets	$206.0M	$215.2M	$215.2M
Total Long-Term Assets	$4.009B	$4.050B	$4.050B
Total Assets	$4.215B	$4.265B	$4.265B
YoY Change	-1.2%	10.33%	10.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.007M	$1.013M	$1.013M
YoY Change	-18.06%	-10.43%	-10.43%
Accrued Expenses	$12.77M	$7.939M	$7.939M
YoY Change	-13.45%	-13.79%	-13.79%
Deferred Revenue
YoY Change
Short-Term Debt	$3.711B	$3.706B	$3.706B
YoY Change	-1.54%	9.69%	9.69%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.732B	$3.781B	$3.781B
YoY Change	-1.57%	11.39%	11.39%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$997.0K	$13.73M	$13.73M
YoY Change	-95.66%	-57.48%	-57.48%
Total Long-Term Liabilities	$997.0K	$13.73M	$13.73M
YoY Change	-95.66%	-57.48%	-57.48%
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.732B	$3.781B	$3.781B
Total Long-Term Liabilities	$997.0K	$13.73M	$13.73M
Total Liabilities	$3.733B	$3.795B	$3.795B
YoY Change	-2.14%	10.74%	10.74%
SHAREHOLDERS EQUITY
Retained Earnings	-$360.7M	-$380.4M
YoY Change	6.81%	11.5%
Common Stock	$528.0K	$516.0K
YoY Change	35.04%	40.22%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$481.6M	$469.9M	$469.9M
YoY Change
Total Liabilities & Shareholders Equity	$4.215B	$4.265B	$4.265B
YoY Change	-1.2%	10.33%	10.33%

Cashflow Statement

Concept	2024 Q1	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	$19.78M	$27.13M	-$39.23M
YoY Change	460.23%	-22.33%	-84.82%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	$45.01M	-$40.82M	$8.003M
YoY Change	-1812.02%	3069.41%	-97.23%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$39.17M	$710.7M	-$441.1M
YoY Change	-91.27%	-344.52%	-118.07%
Cash From Investing Activities	-$39.17M	$710.7M	-$441.1M
YoY Change	-91.27%	-344.52%	-118.07%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$2.509M	-747.8M	$396.1M
YoY Change	-100.63%	-401.29%	-113.46%
NET CHANGE
Cash From Operating Activities	$45.01M	-40.82M	$8.003M
Cash From Investing Activities	-$39.17M	710.7M	-$441.1M
Cash From Financing Activities	-$2.509M	-747.8M	$396.1M
Net Change In Cash	$3.331M	-77.93M	-$36.93M
YoY Change	-106.5%	78.19%	-82.68%
FREE CASH FLOW
Cash From Operating Activities	$45.01M	-$40.82M	$8.003M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023	dei	Amendment Flag AmendmentFlag	false
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2023Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2022Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	51636074
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	51636074
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	36764983
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	36764983
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2023	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2023	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2023	dei	Document Type DocumentType	10-K
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-12-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	001-35236
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	27-3269228
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	3305 Flamingo Drive
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Vero Beach
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	FL
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	32963
CY2023	dei	City Area Code CityAreaCode	772
CY2023	dei	Local Phone Number LocalPhoneNumber	231-1400
CY2023	dei	Security12b Title Security12bTitle	Common Stock, $0.01 par value
CY2023	dei	Trading Symbol TradingSymbol	ORC
CY2023	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	false
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	true
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Public Float EntityPublicFloat	446386589	usd
CY2024Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	51303301
CY2023	dei	Auditor Name AuditorName	BDO USA, P.C.
CY2023	dei	Auditor Location AuditorLocation	West Palm Beach, FL
CY2023	dei	Auditor Firm AuditorFirmId	243
CY2023Q4	us-gaap	Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue	3894012000	usd
CY2022Q4	us-gaap	Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue	3540002000	usd
CY2023Q4	us-gaap	Financial Instruments Owned Us Government And Agency Obligations At Fair Value FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue	0	usd
CY2022Q4	us-gaap	Financial Instruments Owned Us Government And Agency Obligations At Fair Value FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue	36382000	usd
CY2023Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	148820000	usd
CY2022Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	0	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	171893000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	205651000	usd
CY2023Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	28396000	usd
CY2022Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	31568000	usd
CY2023Q4	us-gaap	Interest Receivable InterestReceivable	14951000	usd
CY2022Q4	us-gaap	Interest Receivable InterestReceivable	11519000	usd
CY2023Q4	us-gaap	Derivative Assets DerivativeAssets	6420000	usd
CY2022Q4	us-gaap	Derivative Assets DerivativeAssets	40172000	usd
CY2023Q4	us-gaap	Other Assets OtherAssets	455000	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	442000	usd
CY2023Q4	us-gaap	Assets Assets	4264947000	usd
CY2022Q4	us-gaap	Assets Assets	3865736000	usd
CY2023Q4	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	3705649000	usd
CY2022Q4	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	3378445000	usd
CY2023Q4	orc	Investment Securitas And Tba Transactions Payable InvestmentSecuritasAndTbaTransactionsPayable	60454000	usd
CY2022Q4	orc	Investment Securitas And Tba Transactions Payable InvestmentSecuritasAndTbaTransactionsPayable	0	usd
CY2023Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	6222000	usd
CY2022Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	5908000	usd
CY2023Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	12694000	usd
CY2022Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	7161000	usd
CY2023Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	7939000	usd
CY2022Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	9209000	usd
CY2023Q4	us-gaap	Other Liabilities OtherLiabilities	1031000	usd
CY2022Q4	us-gaap	Other Liabilities OtherLiabilities	25119000	usd
CY2023Q4	us-gaap	Liabilities Liabilities	3795002000	usd
CY2022	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	778000	usd
CY2021	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	575000	usd
CY2023	us-gaap	Costs And Expenses CostsAndExpenses	18531000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	3426973000	usd
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	516000	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	368000	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	849845000	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	779602000	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-380433000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-341207000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	17000	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	0	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	469945000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	438763000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	4264947000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3865736000	usd
CY2023	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	177569000	usd
CY2022	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	144633000	usd
CY2021	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	134700000	usd
CY2023	us-gaap	Repurchase Agreements Interest Expense Amount RepurchaseAgreementsInterestExpenseAmount	201918000	usd
CY2022	us-gaap	Repurchase Agreements Interest Expense Amount RepurchaseAgreementsInterestExpenseAmount	61708000	usd
CY2021	us-gaap	Repurchase Agreements Interest Expense Amount RepurchaseAgreementsInterestExpenseAmount	7090000	usd
CY2023	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-24349000	usd
CY2022	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	82925000	usd
CY2021	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	127610000	usd
CY2023	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-18941000	usd
CY2022	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-642710000	usd
CY2021	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-198454000	usd
CY2023	us-gaap	Gain Loss On Derivative Instruments Held For Trading Purposes Net GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet	45237000	usd
CY2022	us-gaap	Gain Loss On Derivative Instruments Held For Trading Purposes Net GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet	452476000	usd
CY2021	us-gaap	Gain Loss On Derivative Instruments Held For Trading Purposes Net GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet	26492000	usd
CY2023	orc	Net Portfolio Income NetPortfolioIncome	-20695000	usd
CY2022	orc	Net Portfolio Income NetPortfolioIncome	-241004000	usd
CY2021	orc	Net Portfolio Income NetPortfolioIncome	-49894000	usd
CY2023	us-gaap	Management Fee Expense ManagementFeeExpense	10491000	usd
CY2022	us-gaap	Management Fee Expense ManagementFeeExpense	10447000	usd
CY2021	us-gaap	Management Fee Expense ManagementFeeExpense	8156000	usd
CY2023	us-gaap	Cost Of Goods And Services Sold Overhead CostOfGoodsAndServicesSoldOverhead	2389000	usd
CY2022	us-gaap	Cost Of Goods And Services Sold Overhead CostOfGoodsAndServicesSoldOverhead	2042000	usd
CY2021	us-gaap	Cost Of Goods And Services Sold Overhead CostOfGoodsAndServicesSoldOverhead	1632000	usd
CY2023	us-gaap	Labor And Related Expense LaborAndRelatedExpense	1419000	usd
CY2022	us-gaap	Labor And Related Expense LaborAndRelatedExpense	957000	usd
CY2021	us-gaap	Labor And Related Expense LaborAndRelatedExpense	1132000	usd
CY2023	us-gaap	Noninterest Expense Directors Fees NoninterestExpenseDirectorsFees	1322000	usd
CY2022	us-gaap	Noninterest Expense Directors Fees NoninterestExpenseDirectorsFees	1251000	usd
CY2021	us-gaap	Noninterest Expense Directors Fees NoninterestExpenseDirectorsFees	1169000	usd
CY2023	us-gaap	Professional Fees ProfessionalFees	1495000	usd
CY2022	us-gaap	Professional Fees ProfessionalFees	1143000	usd
CY2021	us-gaap	Professional Fees ProfessionalFees	1112000	usd
CY2023	us-gaap	Direct Operating Costs DirectOperatingCosts	715000	usd
CY2022	us-gaap	Direct Operating Costs DirectOperatingCosts	831000	usd
CY2021	us-gaap	Direct Operating Costs DirectOperatingCosts	1090000	usd
CY2023	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	700000	usd
CY2022	us-gaap	Costs And Expenses CostsAndExpenses	17449000	usd
CY2021	us-gaap	Costs And Expenses CostsAndExpenses	14866000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-39226000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-258453000	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-64760000	usd
CY2023	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	17000	usd
CY2022	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	0	usd
CY2021	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	0	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-39209000	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-258453000	usd
CY2021	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-64760000	usd
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.89
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-6.9
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-2.67
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	44649039
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37464671
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	24228865
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	415291000	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-64760000	usd
CY2021	us-gaap	Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings	97601000	usd
CY2021	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	514059000	usd
CY2021	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1108000	usd
CY2021	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	-0	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	768097000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-258453000	usd
CY2022	us-gaap	Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings	87906000	usd
CY2022	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	40580000	usd
CY2022	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1055000	usd
CY2022	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	24610000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	438763000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-39226000	usd
CY2023	us-gaap	Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent	17000	usd
CY2023	us-gaap	Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings	81127000	usd
CY2023	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	159438000	usd
CY2023	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1504000	usd
CY2023	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	9424000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	469945000	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-39226000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-258453000	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-64760000	usd
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	1198000	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	685000	usd
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	772000	usd
CY2023	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	1875000	usd
CY2022	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-0	usd
CY2021	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-0	usd
CY2023	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	-22642000	usd
CY2022	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	-133695000	usd
CY2021	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	-5542000	usd
CY2023	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-18941000	usd
CY2022	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-642710000	usd
CY2021	us-gaap	Marketable Securities Unrealized Gain Loss MarketableSecuritiesUnrealizedGainLoss	-198454000	usd
CY2023	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-10616000	usd
CY2022	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	245421000	usd
CY2021	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	35350000	usd
CY2023	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	3432000	usd
CY2022	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-7340000	usd
CY2021	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	9138000	usd
CY2023	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	7000	usd
CY2022	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	128000	usd
CY2021	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-196000	usd
CY2023	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-1270000	usd
CY2022	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	8421000	usd
CY2021	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-369000	usd
CY2023	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	534000	usd
CY2022	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	454000	usd
CY2021	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	663000	usd
CY2023	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-118000	usd
CY2022	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	69000	usd
CY2021	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	430000	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	8003000	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	289372000	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	96440000	usd
CY2023	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	97787000	usd
CY2022	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	-0	usd
CY2021	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	37440000	usd
CY2023	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	37500000	usd
CY2022	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	0	usd
CY2021	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	0	usd
CY2023	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	-15940000	usd
CY2022	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	-245335000	usd
CY2021	us-gaap	Payments For Proceeds From Derivative Instrument Investing Activities PaymentsForProceedsFromDerivativeInstrumentInvestingActivities	-8571000	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-441064000	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	2440822000	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3016800000	usd
CY2023	orc	Proceeds From Securities Sold Under Agreements To Repurchase ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase	37761388000	usd
CY2022	orc	Proceeds From Securities Sold Under Agreements To Repurchase ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase	40040024000	usd
CY2021	orc	Proceeds From Securities Sold Under Agreements To Repurchase ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase	35950241000	usd
CY2023	orc	Payments For Securities Sold Under Agreements To Repurchase PaymentsForSecuritiesSoldUnderAgreementsToRepurchase	37434184000	usd
CY2022	orc	Payments For Securities Sold Under Agreements To Repurchase PaymentsForSecuritiesSoldUnderAgreementsToRepurchase	42905685000	usd
CY2021	orc	Payments For Securities Sold Under Agreements To Repurchase PaymentsForSecuritiesSoldUnderAgreementsToRepurchase	33301721000	usd
CY2023	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	80754000	usd
CY2022	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	93494000	usd
CY2021	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	90984000	usd
CY2023	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	159438000	usd
CY2022	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	40580000	usd
CY2021	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	514059000	usd
CY2023	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	9757000	usd
CY2022	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	24842000	usd
CY2021	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	299000	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	396131000	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-2943417000	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	3071296000	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-36930000	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-213223000	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	150936000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	237219000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	450442000	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	299506000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	200289000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	237219000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	450442000	usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet	203188000	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	53288000	usd
CY2021	us-gaap	Interest Paid Net InterestPaidNet	7458000	usd
CY2023	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt; text-indent: -9pt;"><b>Reclassification of Comparative Period Information</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -1pt; text-indent: 18pt;">The Company previously reported $3.3 million and $0.4 million of commissions, fees and other expenses associated with its derivative holdings for the years ended <em style="font: inherit;"> December 31, 2022 </em>and <em style="font: inherit;">2021,</em> respectively, in "Direct REIT operating expenses" in the statements of comprehensive income (loss). These expenses have been reclassified as part of "Gains (losses) on derivative and other hedging instruments" to conform with the presentation in the current period.</p> <p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; font-variant: normal; margin: 0pt;"> </p>
CY2022Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022	us-gaap	Gain Loss On Derivative Instruments Held For Trading Purposes Net GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet	452476000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	171893000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	205651000	usd
CY2023Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	28396000	usd
CY2022Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	31568000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	200289000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	237219000	usd
CY2023Q4	orc	Financial Instruments Owned Mortgages Mortgagebacked And Assetbacked Securities At Par Value FinancialInstrumentsOwnedMortgagesMortgagebackedAndAssetbackedSecuritiesAtParValue	4051145000	usd
CY2023Q4	orc	Financial Instruments Owned Mortgages Mortgagebacked And Assetbacked Securities At Cost FinancialInstrumentsOwnedMortgagesMortgagebackedAndAssetbackedSecuritiesAtCost	4220088000	usd
CY2023Q4	us-gaap	Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue	3894012000	usd
CY2022Q4	orc	Financial Instruments Owned Mortgages Mortgagebacked And Assetbacked Securities At Par Value FinancialInstrumentsOwnedMortgagesMortgagebackedAndAssetbackedSecuritiesAtParValue	3848367000	usd
CY2022Q4	orc	Financial Instruments Owned Mortgages Mortgagebacked And Assetbacked Securities At Cost FinancialInstrumentsOwnedMortgagesMortgagebackedAndAssetbackedSecuritiesAtCost	4112707000	usd
CY2022Q4	us-gaap	Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue	3540002000	usd
CY2023Q4	orc	Notional Balance Interest Only Securities Portfolio Amount NotionalBalanceInterestOnlySecuritiesPortfolioAmount	98600000	usd
CY2022Q4	orc	Notional Balance Interest Only Securities Portfolio Amount NotionalBalanceInterestOnlySecuritiesPortfolioAmount	111500000	usd
CY2023Q4	orc	Notional Balance Inverse Interest Only Securities Portfolio Amount NotionalBalanceInverseInterestOnlySecuritiesPortfolioAmount	26800000	usd
CY2022Q4	orc	Notional Balance Inverse Interest Only Securities Portfolio Amount NotionalBalanceInverseInterestOnlySecuritiesPortfolioAmount	31500000	usd
CY2022Q4	us-gaap	Financial Instruments Owned Us Government And Agency Obligations At Fair Value FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue	36400000	usd
CY2023	us-gaap	Schedule Of Repurchase Agreements ScheduleOfRepurchaseAgreements	<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 40%;"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; margin: 0pt;"><i>($ in thousands)</i></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><i> </i></td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><i> </i></td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><i> </i></td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><i> </i></td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><i> </i></td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">OVERNIGHT</em></b></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">BETWEEN 2</em></b></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">BETWEEN 31</em></b></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">GREATER</em></b></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"><em style="font: inherit;"> </em></td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"><b> </b></td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">(1 DAY OR</em></b></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">AND</em></b></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">AND</em></b></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">THAN</em></b></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"><em style="font: inherit;"> </em></td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"><b> </b></td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">LESS)</em></b></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">30 DAYS</em></b></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">90 DAYS</em></b></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">90 DAYS</em></b></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">TOTAL</em></b></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; margin: 0pt;"><b>December 31, 2023</b></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;">Fair market value of securities pledged, including accrued interest receivable</p> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">3,125,315</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">710,055</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">65,106</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">3,900,476</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;">Repurchase agreement liabilities associated with these securities</p> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">2,966,650</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">674,696</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">64,303</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">3,705,649</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; margin: 0pt;">Net weighted average borrowing rate</p> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">5.55</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">5.54</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">5.46</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">5.55</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; margin: 0pt;"><b>December 31, 2022</b></p> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;">Fair market value of securities pledged, including accrued interest receivable</p> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">2,496,769</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">884,632</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">142,658</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">3,524,059</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;">Repurchase agreement liabilities associated with these securities</p> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">2,404,329</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">837,299</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">136,817</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">3,378,445</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: "Times New Roman", Times, serif; font-size: 9pt; font-variant: normal; margin: 0pt;">Net weighted average borrowing rate</p> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">4.43</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">4.51</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">4.15</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">4.44</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td></tr> </tbody></table>
CY2023Q4	us-gaap	Assets Sold Under Agreements To Repurchase Market Value AssetsSoldUnderAgreementsToRepurchaseMarketValue	3900476000	usd
CY2023Q4	us-gaap	Assets Sold Under Agreements To Repurchase Repurchase Liability AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability	3705649000	usd
CY2023Q4	us-gaap	Assets Sold Under Agreements To Repurchase Interest Rate AssetsSoldUnderAgreementsToRepurchaseInterestRate	0.0555	pure
CY2022Q4	us-gaap	Assets Sold Under Agreements To Repurchase Market Value AssetsSoldUnderAgreementsToRepurchaseMarketValue	3524059000	usd
CY2022Q4	us-gaap	Assets Sold Under Agreements To Repurchase Repurchase Liability AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability	3378445000	usd
CY2022Q4	us-gaap	Assets Sold Under Agreements To Repurchase Interest Rate AssetsSoldUnderAgreementsToRepurchaseInterestRate	0.0444	pure
CY2023Q4	us-gaap	Repurchase Agreement Counterparty Amount At Risk RepurchaseAgreementCounterpartyAmountAtRisk	176500000	usd
CY2023	us-gaap	Gain Loss On Derivative Instruments Held For Trading Purposes Net GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet	45237000	usd
CY2021	us-gaap	Gain Loss On Derivative Instruments Held For Trading Purposes Net GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet	26492000	usd
CY2023Q4	orc	Assets Pledged From Counterparties AssetsPledgedFromCounterparties	52608000	usd
CY2022Q4	orc	Assets Pledged From Counterparties AssetsPledgedFromCounterparties	16293000	usd
CY2022Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	15880039
CY2023	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	159438000	usd
CY2022Q4	us-gaap	Share Price SharePrice	10.45
CY2022Q4	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	3885048
CY2022Q4	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	40580000	usd
CY2022	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	3885048
CY2022	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	40580000	usd
CY2013	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	6.975
CY2013	us-gaap	Dividends Dividends	4662000	usd
CY2014	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	10.8
CY2014	us-gaap	Dividends Dividends	22643000	usd
CY2015	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	9.6
CY2015	us-gaap	Dividends Dividends	38748000	usd
CY2016	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	8.4
CY2016	us-gaap	Dividends Dividends	41388000	usd
CY2017	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	8.4
CY2017	us-gaap	Dividends Dividends	70717000	usd
CY2018	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	5.35
CY2018	us-gaap	Dividends Dividends	55814000	usd
CY2019	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	4.8
CY2019	us-gaap	Dividends Dividends	54421000	usd
CY2020	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	3.95
CY2020	us-gaap	Dividends Dividends	53570000	usd
CY2021	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	3.9
CY2021	us-gaap	Dividends Dividends	97601000	usd
CY2022	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	2.475
CY2022	us-gaap	Dividends Dividends	87906000	usd
CY2023	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.8
CY2023	us-gaap	Dividends Dividends	81127000	usd
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	66.69
	us-gaap	Dividends Dividends	620959000	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-39226000	usd
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-258453000	usd
CY2021	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-64760000	usd
CY2023Q4	us-gaap	Shares Outstanding SharesOutstanding	51636000
CY2022Q4	us-gaap	Shares Outstanding SharesOutstanding	36765000
CY2021Q4	us-gaap	Shares Outstanding SharesOutstanding	35399000
CY2023	orc	Shares Outstanding Effect Of Weighing SharesOutstandingEffectOfWeighing	-6987000
CY2022	orc	Shares Outstanding Effect Of Weighing SharesOutstandingEffectOfWeighing	700000
CY2021	orc	Shares Outstanding Effect Of Weighing SharesOutstandingEffectOfWeighing	-11170000
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	44649000
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	37465000
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	24229000
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.89
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-6.9
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-2.67
CY2023	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	192000
CY2022	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	91000
CY2021	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	55000

Files In Submission

Name	View Source	Status
0001437749-24-005327-index-headers.html	Edgar Link	pending
0001437749-24-005327-index.html	Edgar Link	pending
0001437749-24-005327.txt	Edgar Link	pending
0001437749-24-005327-xbrl.zip	Edgar Link	pending
ex_600697.htm	Edgar Link	pending
ex_600698.htm	Edgar Link	pending
ex_600699.htm	Edgar Link	pending
ex_600700.htm	Edgar Link	pending
ex_600701.htm	Edgar Link	pending
ex_600702.htm	Edgar Link	pending
ex_620522.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
orc-20231231.xsd	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
orc-20231231_cal.xml	Edgar Link	unprocessable
orc-20231231_lab.xml	Edgar Link	unprocessable
orc-20231231_def.xml	Edgar Link	unprocessable
orc20221231_10kimg001.jpg	Edgar Link	pending
orc20231128_10k.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
orc20231128_10k_htm.xml	Edgar Link	completed
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
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R65.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
trr2.jpg	Edgar Link	pending
orc-20231231_pre.xml	Edgar Link	unprocessable

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$ORC
Orchid Island Capital, Inc. Stock $orc

2024 Q1 Form 10-K Financial Statement

#000143774924005327 Filed on February 23, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ORC Orchid Island Capital, Inc. Stock $orc

2024 Q1 Form 10-K Financial Statement

#000143774924005327 Filed on February 23, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ORC
Orchid Island Capital, Inc. Stock $orc