2014 Q1 Form 10-Q Financial Statement

#000120677414001617 Filed on May 14, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $10.50M $4.600M
YoY Change 128.26% -36.99%
Cost Of Revenue $6.800M $2.300M
YoY Change 195.65% 109.09%
Gross Profit $3.700M $2.300M
YoY Change 60.87% -63.49%
Gross Profit Margin 35.24% 50.0%
Selling, General & Admin $1.200M $400.0K
YoY Change 200.0%
% of Gross Profit 32.43% 17.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.232M $300.0K
YoY Change 643.96%
Operating Profit $1.468M $2.000M
YoY Change -26.59% -68.25%
Interest Expense $3.904M $514.0K
YoY Change 659.47% 78.03%
% of Operating Profit 265.91% 25.7%
Other Income/Expense, Net
YoY Change
Pretax Income $2.483M $2.000M
YoY Change 24.14% -67.74%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $2.483M $1.974M
YoY Change 25.8% -68.34%
Net Earnings / Revenue 23.65% 42.91%
Basic Earnings Per Share $0.28 $0.32
Diluted Earnings Per Share $0.28 $0.32
COMMON SHARES
Basic Shares Outstanding 7.971M shares 5.142M shares
Diluted Shares Outstanding 8.898M shares 6.069M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.10M $12.80M
YoY Change 135.16%
Cash & Equivalents $30.09M $12.81M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $30.10M $12.80M
YoY Change 135.16%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $658.5M $466.8M
YoY Change 41.07%
Other Assets $5.900M $9.900M
YoY Change -40.4%
Total Long-Term Assets $668.1M $478.9M
YoY Change 39.5%
TOTAL ASSETS
Total Short-Term Assets $30.10M $12.80M
Total Long-Term Assets $668.1M $478.9M
Total Assets $698.2M $491.7M
YoY Change 41.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.100M $3.600M
YoY Change -13.89%
Accrued Expenses $1.900M $200.0K
YoY Change 850.0%
Deferred Revenue
YoY Change
Short-Term Debt $456.6M $295.6M
YoY Change 54.47%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $465.2M $299.4M
YoY Change 55.38%
LONG-TERM LIABILITIES
Long-Term Debt $54.80M $0.00
YoY Change
Other Long-Term Liabilities $1.600M $1.100M
YoY Change 45.45%
Total Long-Term Liabilities $56.40M $1.100M
YoY Change 5027.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $465.2M $299.4M
Total Long-Term Liabilities $56.40M $1.100M
Total Liabilities $521.5M $300.5M
YoY Change 73.57%
SHAREHOLDERS EQUITY
Retained Earnings -$5.923M $6.941M
YoY Change -185.33%
Common Stock $798.00 $798.00
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $158.3M $171.3M
YoY Change
Total Liabilities & Shareholders Equity $698.2M $491.7M
YoY Change 41.99%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $2.483M $1.974M
YoY Change 25.8% -68.34%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $1.700M $129.0K
YoY Change 1218.03% -84.46%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$102.1M -$299.5M
YoY Change -65.91% 711.65%
Cash From Investing Activities -$102.1M -$299.5M
YoY Change -65.91% 710.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 -$113.7M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 73.50M $293.1M
YoY Change -74.92% 714.92%
NET CHANGE
Cash From Operating Activities 1.700M $129.0K
Cash From Investing Activities -102.1M -$299.5M
Cash From Financing Activities 73.50M $293.1M
Net Change In Cash -26.90M -$6.253M
YoY Change 330.21% 4479.05%
FREE CASH FLOW
Cash From Operating Activities $1.700M $129.0K
Capital Expenditures
Free Cash Flow
YoY Change

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<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="text-align: justify"><font style="font-family: Times New Roman; font-size: 80%">1.</font> <strong style="font-family: Times New Roman; font-size: 80%">Formation and Organization</strong></p> <p style="text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-family: Times New Roman; font-size: 80%">ZAIS Financial Corp. (the "Company") was incorporated in Maryland on May 24, 2011, and has elected to be taxed and to qualify as a real estate investment trust ("REIT") beginning with the taxable year ended December 31, 2011. The Company was initially capitalized and commenced operations on July 29, 2011, when it completed an exchange of a mutually agreed upon portion of the shareholders&#39; and limited partners&#39; interests in the ZAIS Matrix VI-A Ltd. and ZAIS Matrix VI-B L.P. funds (the "Matrix Funds") managed by ZAIS Group, LLC ("ZAIS"), which included cash of $3,036,222 and real estate securities having a fair value of $57,416,118, for 3,022,617 shares of the Company&#39;s common stock. On February 13, 2013, the Company completed its initial public offering ("IPO"), pursuant to which the Company sold 5,650,000 shares of its common stock at a price of $21.25 per share for gross proceeds of $120.1 million. Net proceeds after the payment of offering costs of $1.2 million were $118.9 million.</font></p> <p style="font-family: Times New Roman; font-size: 80%; text-align: justify"> <font style="font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> The Company primarily invests in, finances and manages performing and re-performing residential mortgage loans, which may be seasoned or recently originated. The Company also invests in, finances and manages residential mortgage-backed securities ("RMBS") that are not issued or guaranteed by a federally chartered corporation, such as the Federal National Mortgage Association ("Fannie Mae"), or the Federal Home Loan Mortgage Corporation ("Freddie Mac"), or an agency of the U.S. Government, such as the Government National Mortgage Association ("Ginnie Mae") ("non-Agency RMBS") with an emphasis on securities that, when originally issued, were rated in the highest rating category by one or more of the nationally recognized statistical rating organizations. The Company also has the discretion to invest in mortgage servicing rights ("MSRs"), RMBS that are issued or guaranteed by a federally chartered corporation or a U.S. Government agency ("Agency RMBS"), including through To-Be-Announced ("TBA") contracts, and in other real estate-related and financial assets, such as interest only strips created from RMBS ("IOs"), commercial mortgage-backed securities ("CMBS") and asset-backed securities ("ABS"). The Company refers collectively to the assets it targets for acquisition as its target assets.</p> <p style="font-family: Times New Roman; font-size: 80%; text-align: justify"> <font style="font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> The Company is externally managed by ZAIS REIT Management, LLC (the "Advisor"), a subsidiary of ZAIS, and has no employees. The Company is the sole general partner of, and conducts substantially all of its business through, ZAIS Financial Partners, L.P., the Company&#39;s consolidated operating partnership subsidiary (the "Operating Partnership").</p> <p style="font-family: Times New Roman; font-size: 80%; text-align: justify"> <font style="font-family: Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> The Company&#39;s charter authorizes the issuance of up to 500,000,000 shares of common stock with a par value of $0.0001 per share, and 50,000,000 shares of preferred stock, with a par value of $0.0001 per share. The Company&#39;s board of directors is authorized to amend its charter, without the approval of stockholders, to increase the aggregate number of authorized shares of capital stock or the number of shares of any class or series of capital stock or to classify and reclassify any unissued shares of its capital stock into other classes or series of stock that the Company has authority to issue.</p> <!--EndFragment--></div> </div>
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
293083943 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
73478889 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-299465665 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-102121660 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
128980 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1666975 USD
CY2013Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
299094 USD
CY2014Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
258654 USD
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1659222 USD
CY2014Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2224205 USD
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1958316 USD
CY2014Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
11720695 USD
CY2013Q1 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
10839809 USD
CY2014Q1 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
84795975 USD
CY2013Q1 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
USD
CY2014Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2482859 USD
CY2013Q1 us-gaap Noninterest Expense
NoninterestExpense
2103818 USD
CY2014Q1 us-gaap Noninterest Expense
NoninterestExpense
4098323 USD
CY2013Q1 us-gaap Noninterest Income
NoninterestIncome
1155515 USD
CY2014Q1 us-gaap Noninterest Income
NoninterestIncome
992101 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
2666799 USD
CY2014Q1 us-gaap Other Assets
OtherAssets
1473826 USD
CY2013Q1 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
USD
CY2014Q1 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
102865 USD
CY2012Q4 us-gaap Other Liabilities
OtherLiabilities
5800000 USD
CY2013Q1 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
USD
CY2014Q1 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
4803750 USD
CY2013Q1 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
5158750 USD
CY2014Q1 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
USD
CY2013Q1 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
148379 USD
CY2014Q1 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
USD
CY2012Q4 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
763000 USD
CY2013Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
296721567 USD
CY2014Q1 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
10676953 USD
CY2013Q4 us-gaap Pledged Assets Not Separately Reported Other Financial Instruments
PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments
0 USD
CY2014Q1 us-gaap Pledged Assets Not Separately Reported Other Financial Instruments
PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments
11087508 USD
CY2013Q4 us-gaap Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
1360528 USD
CY2014Q1 us-gaap Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
2416464 USD
CY2013Q4 us-gaap Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements
PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
331522165 USD
CY2014Q1 us-gaap Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements
PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
415348056 USD
CY2013Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
15379 USD
CY2014Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2014Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2014Q1 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2013Q1 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
7386718 USD
CY2014Q1 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
8034673 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
118862500 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
CY2011Q3 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
3036222 USD
CY2013Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
USD
CY2014Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
61342915 USD
CY2013Q1 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
USD
CY2014Q1 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
3490970 USD
CY2013Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
222304476 USD
CY2014Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
29607805 USD
CY2013Q1 us-gaap Professional Fees
ProfessionalFees
1261184 USD
CY2014Q1 us-gaap Professional Fees
ProfessionalFees
1811851 USD
CY2013Q1 us-gaap Profit Loss
ProfitLoss
1973695 USD
CY2014Q1 us-gaap Profit Loss
ProfitLoss
2482859 USD
CY2013Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
USD
CY2014Q1 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
73619 USD
CY2013Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
42775904 USD
CY2014Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
9018921 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2128236 USD
CY2014Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5850364 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-4958607 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-5922756 USD
CY2013Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
138591678 USD
CY2014Q1 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
159180562 USD
CY2013Q4 us-gaap Senior Notes
SeniorNotes
54539051 USD
CY2014Q1 us-gaap Senior Notes
SeniorNotes
54763990 USD
CY2012Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Number Of Shares Indexed
SharesSubjectToMandatoryRedemptionSettlementTermsNumberOfSharesIndexed
515035 shares
CY2013Q1 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Number Of Shares Indexed
SharesSubjectToMandatoryRedemptionSettlementTermsNumberOfSharesIndexed
265245 shares
CY2013Q1 us-gaap Sponsor Fees
SponsorFees
488385 USD
CY2014Q1 us-gaap Sponsor Fees
SponsorFees
702755 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
159249808 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
158285659 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
177768562 USD
CY2014Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
176692301 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
65140795 USD
CY2013 us-gaap Stockholders Equity Other
StockholdersEquityOther
-5440175 USD
CY2011Q3 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
3022617 shares
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
118862500 USD
CY2013 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
133000 USD
CY2014Q1 us-gaap Threshold Period Past Due For Writeoff Of Financing Receivable
ThresholdPeriodPastDueForWriteoffOfFinancingReceivable
P60D
CY2013Q1 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
495280 USD
CY2014Q1 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-2961554 USD
CY2013Q1 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
903277 USD
CY2014Q1 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
2736058 USD
CY2014Q1 us-gaap Use Of Estimates
UseOfEstimates
<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="text-align: justify"><strong><em style="font-family: Times New Roman; font-size: 80%">Estimates</em></strong></p> <p style="text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font style="font-family: Times New Roman; font-size: 80%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may ultimately differ from those estimates.</font></p> <!--EndFragment--></div> </div>
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6068967 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8897800 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5142053 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7970886 shares
CY2013Q1 zfc Accretion Amortization Of Discounts And Premiums Other Investments
AccretionAmortizationOfDiscountsAndPremiumsOtherInvestments
USD
CY2014Q1 zfc Accretion Amortization Of Discounts And Premiums Other Investments
AccretionAmortizationOfDiscountsAndPremiumsOtherInvestments
39791 USD
CY2013Q1 zfc Payments Of Dividends Common Stock And Noncontrolling Interest
PaymentsOfDividendsCommonStockAndNoncontrollingInterest
USD
CY2014Q1 zfc Payments Of Dividends Common Stock And Noncontrolling Interest
PaymentsOfDividendsCommonStockAndNoncontrollingInterest
8452910 USD
CY2013Q1 zfc Proceeds From Sale Of Real Estate Securities
ProceedsFromSaleOfRealEstateSecurities
6801398 USD
CY2014Q1 zfc Proceeds From Sale Of Real Estate Securities
ProceedsFromSaleOfRealEstateSecurities
2072198 USD
CY2013 zfc Profit Loss Attributable To Common Stockholders
ProfitLossAttributableToCommonStockholders
7538086 USD
CY2014Q1 zfc Profit Loss Attributable To Common Stockholders
ProfitLossAttributableToCommonStockholders
2482859 USD
CY2012Q4 zfc Stock Issued During Period Value Subsidiary And Reporting Entity
StockIssuedDuringPeriodValueSubsidiaryAndReportingEntity
25151174 USD
CY2013Q1 zfc Unrealized Gain Loss On Mortgage Loans
UnrealizedGainLossOnMortgageLoans
-28906 USD
CY2014Q1 zfc Unrealized Gain Loss On Mortgage Loans
UnrealizedGainLossOnMortgageLoans
689604 USD
CY2013Q1 zfc Unrealized Gain Loss On Other Investment Securities
UnrealizedGainLossOnOtherInvestmentSecurities
USD
CY2014Q1 zfc Unrealized Gain Loss On Other Investment Securities
UnrealizedGainLossOnOtherInvestmentSecurities
370764 USD

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