$RC
Ready Capital Corp

2014 Q3 Form 10-Q Financial Statement

#000120677414003275 Filed on November 13, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q3
Revenue $9.200M $9.400M
YoY Change -2.13% 5.62%
Cost Of Revenue $1.500M $1.400M
YoY Change 7.14% 75.0%
Gross Profit $7.700M $8.000M
YoY Change -3.75% -1.23%
Gross Profit Margin 83.7% 85.11%
Selling, General & Admin -$2.200M -$1.100M
YoY Change 100.0%
% of Gross Profit -28.57% -13.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.666M $3.900M
YoY Change -57.28% 3800.0%
Operating Profit $6.034M $4.100M
YoY Change 47.17% -48.75%
Interest Expense $4.492M $2.333M
YoY Change 92.52% 519.29%
% of Operating Profit 74.44% 56.91%
Other Income/Expense, Net $11.00M
YoY Change
Pretax Income $1.280M $4.100M
YoY Change -68.79% -49.38%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $1.280M $4.148M
YoY Change -69.15% -48.52%
Net Earnings / Revenue 13.91% 44.13%
Basic Earnings Per Share $0.14 $0.47
Diluted Earnings Per Share $0.14 $0.47
COMMON SHARES
Basic Shares Outstanding 7.971M shares 7.971M shares
Diluted Shares Outstanding 8.898M shares 8.898M shares

Balance Sheet

Concept 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.80M $21.50M
YoY Change 20.0% 40.52%
Cash & Equivalents $25.78M $21.47M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $25.80M $21.50M
YoY Change 20.0% 40.52%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $687.6M $531.3M
YoY Change 29.42% 225.15%
Other Assets $7.000M $3.000M
YoY Change 133.33% -3.23%
Total Long-Term Assets $695.8M $538.0M
YoY Change 29.32% 222.18%
TOTAL ASSETS
Total Short-Term Assets $25.80M $21.50M
Total Long-Term Assets $695.8M $538.0M
Total Assets $721.6M $559.5M
YoY Change 28.97% 206.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.700M $2.100M
YoY Change 76.19% 75.0%
Accrued Expenses $2.000M $600.0K
YoY Change 233.33% 500.0%
Deferred Revenue
YoY Change
Short-Term Debt $458.8M $374.5M
YoY Change 22.51% 240.15%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $468.1M $381.6M
YoY Change 22.67% 242.55%
LONG-TERM LIABILITIES
Long-Term Debt $55.20M $0.00
YoY Change
Other Long-Term Liabilities $1.600M $600.0K
YoY Change 166.67% -97.71%
Total Long-Term Liabilities $56.80M $600.0K
YoY Change 9366.67% -97.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $468.1M $381.6M
Total Long-Term Liabilities $56.80M $600.0K
Total Liabilities $524.9M $382.3M
YoY Change 37.29% 177.65%
SHAREHOLDERS EQUITY
Retained Earnings $12.02M -$5.449M
YoY Change -320.66%
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 $176.2M $158.8M
YoY Change
Total Liabilities & Shareholders Equity $721.6M $559.5M
YoY Change 28.97% 206.94%

Cashflow Statement

Concept 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $1.280M $4.148M
YoY Change -69.15% -48.52%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $4.200M $1.700M
YoY Change 147.06% 13.33%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$11.20M $25.60M
YoY Change -143.75% -16.88%
Cash From Investing Activities -$11.20M $25.60M
YoY Change -143.75% -16.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.300M -27.10M
YoY Change -119.56% 35.5%
NET CHANGE
Cash From Operating Activities 4.200M 1.700M
Cash From Investing Activities -11.20M 25.60M
Cash From Financing Activities 5.300M -27.10M
Net Change In Cash -1.700M 200.0K
YoY Change -950.0% -98.37%
FREE CASH FLOW
Cash From Operating Activities $4.200M $1.700M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.33
CY2013Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
331785542 USD
CY2014Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7970886 shares
CY2014Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7970886 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7970886 shares
CY2014Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2014Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7970886 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2014Q3 us-gaap Pledged Assets Not Separately Reported Other Financial Instruments
PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments
11232008 USD
CY2013Q4 us-gaap Pledged Assets Not Separately Reported Other Financial Instruments
PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments
0 USD
CY2014Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
721621407 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
620081058 USD
CY2014Q3 us-gaap Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements
PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
429950015 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7970886 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7038304 shares
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
19306825 USD
us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
4984265 USD
CY2014Q3 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
3976315 USD
CY2013Q3 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
4222038 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8897800 shares
CY2014Q3 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
243904451 USD
CY2013Q4 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
226155221 USD
CY2014Q3 us-gaap Financial Instruments Owned Other At Fair Value
FinancialInstrumentsOwnedOtherAtFairValue
13440551 USD
CY2013Q4 us-gaap Financial Instruments Owned Other At Fair Value
FinancialInstrumentsOwnedOtherAtFairValue
USD
CY2014Q3 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
166427 USD
CY2013Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
USD
CY2014Q3 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
6837318 USD
CY2013Q3 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
4051406 USD
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8897800 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10677360 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7965218 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2013Q4 us-gaap Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements
PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
331522165 USD
CY2014Q3 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
209788341 USD
CY2013Q4 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
183722511 USD
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
176232379 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
159249808 USD
CY2014Q3 us-gaap Minority Interest
MinorityInterest
20493615 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
18518754 USD
CY2014Q3 us-gaap Common Stock Value
CommonStockValue
798 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
798 USD
CY2014Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
164207617 USD
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
164207617 USD
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
12023964 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-4958607 USD
CY2014Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1970060 USD
CY2013Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1369327 USD
CY2014Q3 us-gaap Liabilities
Liabilities
524895413 USD
CY2014Q3 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2014Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
1621305 USD
CY2014Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3559120 USD
CY2013Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
8452910 USD
CY2014Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
3731226 USD
CY2014Q3 us-gaap Line Of Credit
LineOfCredit
293178268 USD
CY2013Q4 us-gaap Line Of Credit
LineOfCredit
236058976 USD
CY2014Q3 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
165603461 USD
CY2013Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
138591678 USD
CY2014Q3 us-gaap Senior Notes
SeniorNotes
55231973 USD
CY2013Q4 us-gaap Senior Notes
SeniorNotes
54539051 USD
CY2014Q3 us-gaap Derivative Assets
DerivativeAssets
69659 USD
CY2013Q4 us-gaap Derivative Assets
DerivativeAssets
284454 USD
CY2014Q3 us-gaap Other Assets
OtherAssets
1129159 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
2666799 USD
CY2014Q3 us-gaap Assets
Assets
721621407 USD
CY2013Q4 us-gaap Assets
Assets
620081058 USD
CY2013Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1471607 USD
CY2013Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1828947 USD
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7970886 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7970886 shares
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
15379 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1149497 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3716061 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26547633 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1405119 USD
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
130301 USD
CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
432132 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3087159 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-57250 USD
CY2014Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
USD
CY2013Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
USD
us-gaap Noninterest Expense
NoninterestExpense
10753745 USD
us-gaap Noninterest Expense
NoninterestExpense
6888633 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
1279798 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
4148193 USD
us-gaap Profit Loss
ProfitLoss
29634792 USD
us-gaap Profit Loss
ProfitLoss
-1446990 USD
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
634640 USD
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
565221 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1577562 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1434249 USD
CY2014Q3 us-gaap Noninterest Expense
NoninterestExpense
3424026 USD
CY2013Q3 us-gaap Noninterest Expense
NoninterestExpense
2965081 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
1684205 USD
us-gaap Other Noninterest Expense
OtherNoninterestExpense
533480 USD
CY2014Q3 us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
604285 USD
CY2013Q3 us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
319489 USD
us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
1577164 USD
us-gaap Expense Related To Distribution Or Servicing And Underwriting Fees
ExpenseRelatedToDistributionOrServicingAndUnderwritingFees
434023 USD
CY2014Q3 us-gaap Sponsor Fees
SponsorFees
718372 USD
CY2013Q3 us-gaap Sponsor Fees
SponsorFees
710563 USD
us-gaap Sponsor Fees
SponsorFees
2131690 USD
us-gaap Sponsor Fees
SponsorFees
1903635 USD
CY2014Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
435200 USD
CY2013Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
279136 USD
us-gaap Noninterest Income
NoninterestIncome
21875680 USD
us-gaap Noninterest Income
NoninterestIncome
-8199391 USD
CY2014Q3 us-gaap Professional Fees
ProfessionalFees
1031529 USD
CY2013Q3 us-gaap Professional Fees
ProfessionalFees
1090672 USD
us-gaap Professional Fees
ProfessionalFees
3783124 USD
us-gaap Professional Fees
ProfessionalFees
2583246 USD
CY2014Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-517117 USD
CY2013Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
1510143 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-5528747 USD
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
5489668 USD
CY2014Q3 us-gaap Noninterest Income
NoninterestIncome
-1805117 USD
CY2013Q3 us-gaap Noninterest Income
NoninterestIncome
1172969 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
972246 USD
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
412726 USD
CY2014Q3 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
446153 USD
CY2013Q3 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-9113260 USD
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
519772 USD
CY2014Q3 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
564842 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
177768562 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1112298 USD
CY2013 zfc Profit Loss Attributable To Common Stockholders
ProfitLossAttributableToCommonStockholders
7538086 USD
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-9359315 USD
CY2013Q3 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
346482 USD
us-gaap Interest Expense
InterestExpense
12812015 USD
us-gaap Interest Expense
InterestExpense
4003954 USD
CY2014Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6508941 USD
CY2013Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5940305 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
18512857 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
13641034 USD
CY2014Q3 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
1424497 USD
CY2013Q3 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
USD
us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
4256155 USD
us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
4491678 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
2333139 USD
us-gaap Interest Expense Other Short Term Borrowings
InterestExpenseOtherShortTermBorrowings
6481009 USD
us-gaap Interest Expense Other Short Term Borrowings
InterestExpenseOtherShortTermBorrowings
1744913 USD
CY2014Q3 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
677159 USD
CY2013Q3 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
877522 USD
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
2074851 USD
us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
2259041 USD
CY2014Q3 us-gaap Interest Income Operating
InterestIncomeOperating
11000619 USD
CY2013Q3 us-gaap Interest Income Operating
InterestIncomeOperating
8273444 USD
us-gaap Interest Income Operating
InterestIncomeOperating
31324872 USD
us-gaap Interest Income Operating
InterestIncomeOperating
17644988 USD
CY2014Q3 us-gaap Interest Expense Other Short Term Borrowings
InterestExpenseOtherShortTermBorrowings
2390022 USD
CY2013Q3 us-gaap Interest Expense Other Short Term Borrowings
InterestExpenseOtherShortTermBorrowings
1455617 USD
us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
11549506 USD
us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
12660723 USD
CY2014Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
186986 USD
CY2013Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
USD
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
468541 USD
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
USD
CY2013 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
USD
CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
196725994 USD
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9565062 USD
zfc Profit Loss Attributable To Common Stockholders
ProfitLossAttributableToCommonStockholders
29634792 USD
CY2013 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
216658 USD
CY2013 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1965060 USD
CY2013 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
16898276 USD
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
118862500 USD
CY2013 us-gaap Stockholders Equity Other
StockholdersEquityOther
-5440175 USD
CY2013 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
133000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
65140795 USD
CY2013Q1 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
17700000 USD
us-gaap Threshold Period Past Due For Writeoff Of Financing Receivable
ThresholdPeriodPastDueForWriteoffOfFinancingReceivable
P60D
CY2013Q2 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
USD
CY2013Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
10600000 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference
15683166 USD
CY2014Q3 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
275310136 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
19306825 USD
CY2014Q1 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
100400000 USD
us-gaap Mortgage Loans On Real Estate Minimum Interest Rate In Range
MortgageLoansOnRealEstateMinimumInterestRateInRange
0.0175 pure
us-gaap Mortgage Loans On Real Estate Maximum Interest Rate In Range
MortgageLoansOnRealEstateMaximumInterestRateInRange
0.1220 pure
CY2013Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
223401697 USD
us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions
55532098 USD
CY2013Q3 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
98200000 USD
CY2013Q3 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
162400000 USD
CY2013Q2 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
134500000 USD
us-gaap Gain Loss On Sale Of Debt Investments
GainLossOnSaleOfDebtInvestments
519772 USD
us-gaap Gain Loss On Sale Of Debt Investments
GainLossOnSaleOfDebtInvestments
-8251291 USD
CY2014Q3 zfc Proceeds From Sale Of Real Estate Securities
ProceedsFromSaleOfRealEstateSecurities
10246647 USD
CY2013Q3 zfc Proceeds From Sale Of Real Estate Securities
ProceedsFromSaleOfRealEstateSecurities
228924943 USD
zfc Proceeds From Sale Of Real Estate Securities
ProceedsFromSaleOfRealEstateSecurities
12318845 USD
CY2013Q3 us-gaap Impairment Of Investments
ImpairmentOfInvestments
1068845 USD
us-gaap Impairment Of Investments
ImpairmentOfInvestments
1108024 USD
zfc Proceeds From Sale Of Real Estate Securities
ProceedsFromSaleOfRealEstateSecurities
282838041 USD
CY2014Q3 us-gaap Gain Loss On Sale Of Debt Investments
GainLossOnSaleOfDebtInvestments
446153 USD
CY2013Q3 us-gaap Gain Loss On Sale Of Debt Investments
GainLossOnSaleOfDebtInvestments
-8044415 USD
CY2014Q3 us-gaap Dilutive Securities
DilutiveSecurities
130301 USD
CY2013Q3 us-gaap Dilutive Securities
DilutiveSecurities
432132 USD
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
926914 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
926914 shares
CY2014Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
shares
CY2013Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
shares
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.97
CY2014Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
926914 shares
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
2321817 USD
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
USD
CY2013Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
926914 shares
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1279798 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
4148193 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
31956609 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1462369 USD
CY2014Q3 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
USD
CY2013Q3 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
USD
us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-103564 USD
us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
USD
CY2014Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
USD
CY2013Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
USD
us-gaap Dilutive Securities
DilutiveSecurities
3087159 USD
us-gaap Dilutive Securities
DilutiveSecurities
-57250 USD
CY2014Q3 zfc Interest Expense On Convertible Notes
InterestExpenseOnConvertibleNotes
USD
CY2013Q3 zfc Interest Expense On Convertible Notes
InterestExpenseOnConvertibleNotes
USD
zfc Interest Expense On Convertible Notes
InterestExpenseOnConvertibleNotes
2425381 USD
zfc Interest Expense On Convertible Notes
InterestExpenseOnConvertibleNotes
USD
CY2014Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.40
CY2014Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.40
CY2014Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.40
CY2013Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.95
CY2012Q4 zfc Stock Issued During Period Value Subsidiary And Reporting Entity
StockIssuedDuringPeriodValueSubsidiaryAndReportingEntity
25151174 USD
CY2012Q4 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
763000 USD
CY2013Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.22
CY2013Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.45
CY2013Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.50
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
CY2012Q4 us-gaap Other Liabilities
OtherLiabilities
5800000 USD
CY2013Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
374650654 USD
CY2013Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
373290126 USD
CY2013Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
1360528 USD
CY2013Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
USD
CY2014Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
459113166 USD
CY2014Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
457503385 USD
CY2014Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
1609781 USD
CY2014Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
USD
CY2014Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
459201329 USD
CY2014Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
88163 USD
CY2013Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
374650654 USD
CY2013Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
396068 USD
CY2013Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
111614 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
284454 USD
CY2013Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
USD
CY2013Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
284454 USD
CY2014Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
69659 USD
CY2014Q3 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
USD
CY2014Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
69659 USD
CY2014Q3 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
USD
CY2014Q3 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
USD
CY2014Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
69659 USD
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
7970886 shares
us-gaap Nature Of Operations
NatureOfOperations
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p align="justify"><strong><font style=" font-size: 10pt;">1. Formation and Organization</font></strong><font style=" font-size: 10pt;"></font></p> <p align="justify"><font style=" font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160; 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 completed its formation transaction and commenced operations on July 29, 2011. On February 13, 2013, the Company completed its initial public offering ("IPO"), pursuant to which the Company sold </font><font><font style=" font-size: 10pt;">5,650,000</font></font><font style=" font-size: 10pt;"> shares of its common stock at a price of $</font><font><font style=" font-size: 10pt;">21.25</font></font><font style=" font-size: 10pt;"> per share for gross proceeds of $</font><font><font style=" font-size: 10pt;">120.1</font></font><font style=" font-size: 10pt;"> million. Net proceeds after the payment of offering costs of $</font><font><font style=" font-size: 10pt;">1.2</font></font><font style=" font-size: 10pt;"> million were $</font><font><font style=" font-size: 10pt;">118.9</font></font><font style=" font-size: 10pt;"> million.</font></p> <p align="justify"><font style=" font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160; 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 </font><font><font style=" font-size: 10pt;">one</font></font><font style=" font-size: 10pt;"> 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.</font></p> <p align="justify"><font style=" font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160; The Company is externally managed by ZAIS REIT Management, LLC (the "Advisor"), a subsidiary of ZAIS Group, LLC ("ZAIS"), and has </font><font><font style=" font-size: 10pt;">no</font></font><font style=" font-size: 10pt;"> employees. The Company is the sole general partner of, and conducts substantially all of its business through, ZAIS Financial Partners, L.P., the Company's consolidated operating partnership subsidiary (the "Operating Partnership").</font></p> <p align="justify"><font style=" font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160; The Company's charter authorizes the issuance of up to </font><font><font style=" font-size: 10pt;">500,000,000</font></font><font style=" font-size: 10pt;"> shares of common stock with a par value of $</font><font><font style=" font-size: 10pt;">0.0001</font></font><font style=" font-size: 10pt;"> per share, and </font><font><font style=" font-size: 10pt;">50,000,000</font></font><font style=" font-size: 10pt;"> shares of preferred stock, with a par value of $</font><font><font style=" font-size: 10pt;">0.0001</font></font><font style=" font-size: 10pt;"> per share. The Company'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.</font></p> </div>
CY2014Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19061110 USD
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21467891 USD
us-gaap Interest Paid
InterestPaid
11405140 USD
us-gaap Interest Paid
InterestPaid
3479958 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
CY2013Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
USD
CY2014Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
577940 USD
CY2013Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
17200000 USD
CY2014Q3 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
1200000 USD
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1779560 shares
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-5168243 USD
us-gaap Use Of Estimates
UseOfEstimates
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p align="justify"><strong><em><font style=" font-size: 10pt;"><font style=" font-family : Times New Roman;">Estimates</font></font></em></strong></p> <p align="justify"><font style=" font-size: 10pt;"><font style=" font-family : Times New Roman;">&#160;&#160;&#160;&#160;&#160;&#160; 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></font></p> </div>
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
692922 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1537640 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
600733 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
523996 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
2384711 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
5216690 USD
us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
84795975 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2353604 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1902279 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
318797 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
547756 USD
CY2014Q3 us-gaap Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
1278344 USD
CY2013Q4 us-gaap Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
1360528 USD
CY2014Q3 invest Derivative Notional Amount
DerivativeNotionalAmount
242200000 USD
us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
334162044 USD
us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
16274473 USD
us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
7911106 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
47034324 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
365230804 USD
us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
23648183 USD
us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
39852360 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
12926954 USD
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
USD
us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
4803750 USD
us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
4908782 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-736347 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-102228284 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-368054994 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
118862500 USD
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
USD
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
5750512 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
57119292 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
240477801 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
105218260 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
334766809 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
78206477 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
316784950 USD
zfc Payments Of Dividends Common Stock And Noncontrolling Interest
PaymentsOfDividendsCommonStockAndNoncontrollingInterest
15571150 USD
zfc Payments Of Dividends Common Stock And Noncontrolling Interest
PaymentsOfDividendsCommonStockAndNoncontrollingInterest
5961526 USD
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
USD
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
148379 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
216658 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
68559925 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
365245085 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-31283648 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2406781 USD
dei Entity Registrant Name
EntityRegistrantName
ZAIS Financial Corp.
dei Entity Central Index Key
EntityCentralIndexKey
0001527590
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3

Files In Submission

Name View Source Status
0001206774-14-003275-index-headers.html Edgar Link pending
0001206774-14-003275-index.html Edgar Link pending
0001206774-14-003275.txt Edgar Link pending
0001206774-14-003275-xbrl.zip Edgar Link pending
exhibit31-1.htm Edgar Link pending
exhibit31-2.htm Edgar Link pending
exhibit32-1.htm Edgar Link pending
exhibit32-2.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
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
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
zais_10q.htm Edgar Link pending
zfc-20140930.xml Edgar Link completed
zfc-20140930.xsd Edgar Link pending
zfc-20140930_cal.xml Edgar Link unprocessable
zfc-20140930_def.xml Edgar Link unprocessable
zfc-20140930_lab.xml Edgar Link unprocessable
zfc-20140930_pre.xml Edgar Link unprocessable