2014 Form 10-K Financial Statement

#000120677415000907 Filed on March 16, 2015

View on sec.gov

Income Statement

Concept 2014 2013 Q4 2013 Q3
Revenue $65.30M $14.80M $9.400M
YoY Change 168.72% 184.62% 5.62%
Cost Of Revenue $20.10M $3.800M $1.400M
YoY Change 107.22% 660.0% 75.0%
Gross Profit $45.10M $11.00M $8.000M
YoY Change 211.03% 134.04% -1.23%
Gross Profit Margin 69.07% 74.32% 85.11%
Selling, General & Admin $3.800M $0.00 -$1.100M
YoY Change -100.0%
% of Gross Profit 8.43% 0.0% -13.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $154.0K
YoY Change
% of Gross Profit 0.34%
Operating Expenses $7.862M $2.000M $3.900M
YoY Change 43.63% 0.0% 3800.0%
Operating Profit $37.24M $9.000M $4.100M
YoY Change 312.56% 233.33% -48.75%
Interest Expense $17.26M $3.091M $2.333M
YoY Change 143.28% 799.57% 519.29%
% of Operating Profit 46.35% 34.34% 56.91%
Other Income/Expense, Net $4.512M
YoY Change -82.92%
Pretax Income $29.00M $9.000M $4.100M
YoY Change 283.94% 246.15% -49.38%
Income Tax -$851.0K $0.00
% Of Pretax Income -2.93% 0.0%
Net Earnings $29.85M $9.000M $4.148M
YoY Change 295.21% 240.16% -48.52%
Net Earnings / Revenue 45.71% 60.81% 44.13%
Basic Earnings Per Share $3.35 $1.01 $0.47
Diluted Earnings Per Share $3.08 $0.98 $0.47
COMMON SHARES
Basic Shares Outstanding 7.971M shares 7.971M shares 7.971M shares
Diluted Shares Outstanding 10.68M shares 9.594M shares 8.898M shares

Balance Sheet

Concept 2014 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.80M $57.10M $21.50M
YoY Change -40.81% 198.95% 40.52%
Cash & Equivalents $33.80M $57.06M $21.47M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $33.80M $57.10M $21.50M
YoY Change -40.81% 120.46% 40.52%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments $600.0M $557.9M $531.3M
YoY Change 7.55% 226.83% 225.15%
Other Assets $7.100M $2.100M $3.000M
YoY Change 238.1% -44.74% -3.23%
Total Long-Term Assets $758.6M $563.0M $538.0M
YoY Change 34.74% 220.33% 222.18%
TOTAL ASSETS
Total Short-Term Assets $33.80M $57.10M $21.50M
Total Long-Term Assets $758.6M $563.0M $538.0M
Total Assets $792.4M $620.1M $559.5M
YoY Change 27.79% 207.51% 206.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.70M $3.200M $2.100M
YoY Change 265.63% -60.0% 75.0%
Accrued Expenses $600.0K
YoY Change 500.0%
Deferred Revenue
YoY Change
Short-Term Debt $403.1M $374.7M $374.5M
YoY Change 7.58% 222.74% 240.15%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $418.4M $386.4M $381.6M
YoY Change 8.28% 211.11% 242.55%
LONG-TERM LIABILITIES
Long-Term Debt $144.9M $54.50M $0.00
YoY Change 165.87%
Other Long-Term Liabilities $35.70M $1.500M $600.0K
YoY Change 2280.0% -87.8% -97.71%
Total Long-Term Liabilities $180.6M $56.00M $600.0K
YoY Change 222.5% 355.28% -97.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $418.4M $386.4M $381.6M
Total Long-Term Liabilities $180.6M $56.00M $600.0K
Total Liabilities $619.2M $442.3M $382.3M
YoY Change 34.38% 224.02% 177.65%
SHAREHOLDERS EQUITY
Retained Earnings -$4.959M -$5.449M
YoY Change -193.88%
Common Stock $798.00 $798.00
YoY Change 285.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $173.2M $159.2M $158.8M
YoY Change
Total Liabilities & Shareholders Equity $792.4M $620.1M $559.5M
YoY Change 27.79% 207.51% 206.94%

Cashflow Statement

Concept 2014 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $29.85M $9.000M $4.148M
YoY Change 295.21% 240.16% -48.52%
Depreciation, Depletion And Amortization $154.0K
YoY Change
Cash From Operating Activities -$4.700M $2.900M $1.700M
YoY Change -158.02% -680.0% 13.33%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions $49.54M
YoY Change
Other Investing Activities -$31.50M -$18.70M $25.60M
YoY Change -91.86% 246.3% -16.88%
Cash From Investing Activities -$31.50M -$18.70M $25.60M
YoY Change -91.86% 246.3% -16.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.90M 51.50M -27.10M
YoY Change -96.9% 436.46% 35.5%
NET CHANGE
Cash From Operating Activities -4.700M 2.900M 1.700M
Cash From Investing Activities -31.50M -18.70M 25.60M
Cash From Financing Activities 12.90M 51.50M -27.10M
Net Change In Cash -23.30M 35.70M 200.0K
YoY Change -161.32% 864.86% -98.37%
FREE CASH FLOW
Cash From Operating Activities -$4.700M $2.900M $1.700M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
331785542 USD
CY2014Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
11430413 USD
CY2013Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
USD
CY2014Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
2585184 USD
CY2013Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1471607 USD
CY2013Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
USD
CY2014Q4 us-gaap Derivative Assets
DerivativeAssets
2485100 USD
CY2013Q4 us-gaap Derivative Assets
DerivativeAssets
284454 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7143078 USD
CY2014Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
415959838 USD
CY2013Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
USD
CY2014Q4 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
148585733 USD
CY2013Q4 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
226155221 USD
CY2014Q4 us-gaap Financial Instruments Owned Other At Fair Value
FinancialInstrumentsOwnedOtherAtFairValue
2040532 USD
CY2013Q4 us-gaap Financial Instruments Owned Other At Fair Value
FinancialInstrumentsOwnedOtherAtFairValue
USD
CY2014Q4 zfc Loans Eligible For Repurchase From Agency
LoansEligibleForRepurchaseFromAgency
21710284 USD
CY2013Q4 zfc Loans Eligible For Repurchase From Agency
LoansEligibleForRepurchaseFromAgency
USD
CY2014Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
33378978 USD
CY2014Q4 us-gaap Other Assets
OtherAssets
6092863 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
2666799 USD
CY2014Q4 us-gaap Goodwill
Goodwill
16512680 USD
CY2013Q4 us-gaap Goodwill
Goodwill
USD
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5668611 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
USD
CY2014Q4 us-gaap Assets
Assets
792398605 USD
CY2013Q4 us-gaap Assets
Assets
620081058 USD
CY2014Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
89417564 USD
CY2013Q4 us-gaap Warehouse Agreement Borrowings
WarehouseAgreementBorrowings
USD
CY2014Q4 us-gaap Line Of Credit
LineOfCredit
300092293 USD
CY2013Q4 us-gaap Line Of Credit
LineOfCredit
236058976 USD
CY2014Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
103014105 USD
CY2013Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
138591678 USD
CY2014Q4 us-gaap Senior Notes
SeniorNotes
55474741 USD
CY2013Q4 us-gaap Senior Notes
SeniorNotes
54539051 USD
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2014Q4 zfc Liability For Loans Eligible For Repurchase
LiabilityForLoansEligibleForRepurchase
21710284 USD
CY2013Q4 zfc Liability For Loans Eligible For Repurchase
LiabilityForLoansEligibleForRepurchase
USD
CY2013Q4 us-gaap Liabilities
Liabilities
442312496 USD
CY2014Q4 us-gaap Liabilities
Liabilities
599014793 USD
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2014Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
3559120 USD
CY2013Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
8452910 USD
CY2014Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
11731089 USD
CY2013Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
3198274 USD
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
798 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
798 USD
CY2014Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
164207617 USD
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
164207617 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
9029947 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-4958607 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
173238362 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
159249808 USD
CY2014Q4 us-gaap Minority Interest
MinorityInterest
20145450 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
18518754 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
193383812 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
177768562 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
792398605 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
620081058 USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q4 us-gaap Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements
PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
415814067 USD
CY2013Q4 us-gaap Pledged Financial Instruments Not Separately Reported Securities For Repurchase Agreements
PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesForRepurchaseAgreements
331522165 USD
CY2014Q4 zfc Mortgage Loans Held For Sale Amount Pledged As Collateral
MortgageLoansHeldForSaleAmountPledgedAsCollateral
97690960 USD
CY2014Q4 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
135779193 USD
CY2013Q4 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
183722511 USD
CY2014Q4 us-gaap Pledged Assets Not Separately Reported Other Financial Instruments
PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments
2040532 USD
CY2013Q4 us-gaap Pledged Assets Not Separately Reported Other Financial Instruments
PledgedAssetsNotSeparatelyReportedOtherFinancialInstruments
0 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7970886 shares
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
7970886 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7970886 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
7970886 shares
CY2012 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
USD
CY2012 us-gaap Interest And Fee Income Loans Held For Sale Mortgages
InterestAndFeeIncomeLoansHeldForSaleMortgages
USD
CY2012 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
9398319 USD
CY2012 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
USD
CY2012 us-gaap Interest Income Operating
InterestIncomeOperating
9398319 USD
CY2012 zfc Interest Expense Lines Of Credit
InterestExpenseLinesOfCredit
USD
CY2012 us-gaap Interest Expense Other Short Term Borrowings
InterestExpenseOtherShortTermBorrowings
USD
CY2012 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
1387451 USD
CY2012 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
USD
CY2012 us-gaap Interest Expense
InterestExpense
1387451 USD
CY2012 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8010868 USD
CY2012 zfc Income Loss From Mortgage Banking Activities Net
IncomeLossFromMortgageBankingActivitiesNet
USD
CY2012 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
USD
CY2012 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
USD
CY2012 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-1171219 USD
CY2012 us-gaap Gain Loss On Investments
GainLossOnInvestments
16435633 USD
CY2012 us-gaap Sponsor Fees
SponsorFees
877825 USD
CY2012 us-gaap Labor And Related Expense
LaborAndRelatedExpense
USD
CY2012 us-gaap Operating Expenses
OperatingExpenses
1475729 USD
CY2012 us-gaap Noninterest Expense
NoninterestExpense
4180904 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
20265597 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2014 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
26140679 USD
CY2013 us-gaap Interest And Fee Income Loans And Leases Held In Portfolio
InterestAndFeeIncomeLoansAndLeasesHeldInPortfolio
10470435 USD
CY2014 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
14313293 USD
CY2013 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
15947892 USD
CY2014 us-gaap Interest And Fee Income Loans Held For Sale Mortgages
InterestAndFeeIncomeLoansHeldForSaleMortgages
594217 USD
CY2013 us-gaap Interest And Fee Income Loans Held For Sale Mortgages
InterestAndFeeIncomeLoansHeldForSaleMortgages
USD
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.13
CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.08
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.13
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7970886 shares
CY2014 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
544558 USD
CY2013 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
USD
CY2014 us-gaap Interest Income Operating
InterestIncomeOperating
41592747 USD
CY2013 us-gaap Interest Income Operating
InterestIncomeOperating
26418327 USD
CY2014 zfc Interest Expense Lines Of Credit
InterestExpenseLinesOfCredit
121194 USD
CY2013 zfc Interest Expense Lines Of Credit
InterestExpenseLinesOfCredit
USD
CY2014 us-gaap Interest Expense Other Short Term Borrowings
InterestExpenseOtherShortTermBorrowings
8906849 USD
CY2013 us-gaap Interest Expense Other Short Term Borrowings
InterestExpenseOtherShortTermBorrowings
3612167 USD
CY2014 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
2544838 USD
CY2013 us-gaap Interest Expense Securities Sold Under Agreements To Repurchase
InterestExpenseSecuritiesSoldUnderAgreementsToRepurchase
2918813 USD
CY2014 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
5686664 USD
CY2013 us-gaap Interest Expense Other Long Term Debt
InterestExpenseOtherLongTermDebt
563539 USD
CY2014 us-gaap Interest Expense
InterestExpense
17259545 USD
CY2013 us-gaap Interest Expense
InterestExpense
7094519 USD
CY2014 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
24333202 USD
CY2013 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
19323808 USD
CY2014 zfc Income Loss From Mortgage Banking Activities Net
IncomeLossFromMortgageBankingActivitiesNet
5439006 USD
CY2013 zfc Income Loss From Mortgage Banking Activities Net
IncomeLossFromMortgageBankingActivitiesNet
USD
CY2014 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
929718 USD
CY2013 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
USD
CY2014 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
45861 USD
CY2013 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
USD
CY2014 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-5921725 USD
CY2013 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
5614815 USD
CY2014 us-gaap Gain Loss On Investments
GainLossOnInvestments
18931049 USD
CY2013 us-gaap Gain Loss On Investments
GainLossOnInvestments
-2166254 USD
CY2014 us-gaap Sponsor Fees
SponsorFees
2853896 USD
CY2013 us-gaap Sponsor Fees
SponsorFees
2629815 USD
CY2013 us-gaap Labor And Related Expense
LaborAndRelatedExpense
USD
CY2014 us-gaap Operating Expenses
OperatingExpenses
7862308 USD
CY2013 us-gaap Operating Expenses
OperatingExpenses
5473915 USD
CY2013 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1500359 USD
CY2014 us-gaap Noninterest Expense
NoninterestExpense
18993729 USD
CY2013 us-gaap Noninterest Expense
NoninterestExpense
9604089 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
29000734 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
7553465 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-850996 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2014 us-gaap Profit Loss
ProfitLoss
29851730 USD
CY2013 us-gaap Profit Loss
ProfitLoss
7553465 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3109760 USD
CY2013 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
880358 USD
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
362324 USD
CY2014 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
USD
CY2013 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
15379 USD
CY2012 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
15424 USD
CY2014 zfc Net Income Loss Available To Common Stockholders And Common Stock Repurchase Liability
NetIncomeLossAvailableToCommonStockholdersAndCommonStockRepurchaseLiability
26741970 USD
CY2013 zfc Net Income Loss Available To Common Stockholders And Common Stock Repurchase Liability
NetIncomeLossAvailableToCommonStockholdersAndCommonStockRepurchaseLiability
6657728 USD
CY2012 zfc Net Income Loss Available To Common Stockholders And Common Stock Repurchase Liability
NetIncomeLossAvailableToCommonStockholdersAndCommonStockRepurchaseLiability
19887849 USD
CY2014 us-gaap Redemption Premium
RedemptionPremium
USD
CY2013 us-gaap Redemption Premium
RedemptionPremium
USD
CY2012 us-gaap Redemption Premium
RedemptionPremium
454047 USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
26741970 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6657728 USD
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19433802 USD
CY2014 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.35
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8200280 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2773845 shares
CY2014 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1483064 USD
CY2014 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
12753416 USD
CY2014 zfc Profit Loss Attributable To Common Stockholders
ProfitLossAttributableToCommonStockholders
29851730 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
55317874 USD
CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7273366 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2724252 shares
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10677360 shares
CY2012 zfc Preferred Stock Issued During Period Value New Issues
PreferredStockIssuedDuringPeriodValueNewIssues
115499 USD
CY2012 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
20393704 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
4757470 USD
CY2012 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1117280 USD
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
9471442 USD
CY2012 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
14181259 USD
CY2012 us-gaap Stockholders Equity Other
StockholdersEquityOther
10923944 USD
CY2012 us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
USD
CY2012 zfc Profit Loss Attributable To Common Stockholders
ProfitLossAttributableToCommonStockholders
20250173 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
65140795 USD
CY2013 us-gaap Stockholders Equity Other
StockholdersEquityOther
-5440175 USD
CY2013 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
133000 USD
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
118862500 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 Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesNet
USD
CY2013 zfc Profit Loss Attributable To Common Stockholders
ProfitLossAttributableToCommonStockholders
7538086 USD
CY2012 us-gaap Profit Loss
ProfitLoss
20265597 USD
CY2014 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-5306841 USD
CY2013 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
1281997 USD
CY2012 us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-890442 USD
CY2014 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
935690 USD
CY2013 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
88457 USD
CY2012 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
USD
CY2014 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
154010 USD
CY2013 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
USD
CY2012 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
USD
CY2014 us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
245140671 USD
CY2013 us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
USD
CY2012 us-gaap Proceeds From Sale And Collection Of Loans Heldforsale
ProceedsFromSaleAndCollectionOfLoansHeldforsale
USD
CY2014 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
253934598 USD
CY2013 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
USD
CY2012 us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
USD
CY2014 zfc Gain Loss On Sales Of Mortgage Loans Held For Sale
GainLossOnSalesOfMortgageLoansHeldForSale
-3615357 USD
CY2013 zfc Gain Loss On Sales Of Mortgage Loans Held For Sale
GainLossOnSalesOfMortgageLoansHeldForSale
USD
CY2012 zfc Gain Loss On Sales Of Mortgage Loans Held For Sale
GainLossOnSalesOfMortgageLoansHeldForSale
USD
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-559791 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1321134 USD
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1253517 USD
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2818360 USD
CY2013 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1302727 USD
CY2012 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1226282 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-4689880 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
8131267 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
2628160 USD
CY2014 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
49542840 USD
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
USD
CY2014 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
85579169 USD
CY2013 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
334162044 USD
CY2012 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
USD
CY2014 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
31519288 USD
CY2013 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
13871059 USD
CY2012 us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
USD
CY2014 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
47034327 USD
CY2013 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
406263789 USD
CY2012 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
104299838 USD
CY2014 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
28197740 USD
CY2013 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
46752670 USD
CY2012 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivables
23277965 USD
CY2013 zfc Proceeds From Sale Of Real Estate Securities
ProceedsFromSaleOfRealEstateSecurities
291348906 USD
CY2012 zfc Proceeds From Sale Of Real Estate Securities
ProceedsFromSaleOfRealEstateSecurities
74216314 USD
CY2014 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
4803750 USD
CY2014 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
12926953 USD
CY2013 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
USD
CY2012 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
USD
CY2014 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
11067378 USD
CY2013 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
USD
CY2012 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
USD
CY2013 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
54450594 USD
CY2012 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
USD
CY2014 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
USD
CY2013 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
1324406 USD
CY2013 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
236058976 USD
CY2012 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
USD
CY2014 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
138210170 USD
CY2013 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
366103785 USD
CY2012 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
79129751 USD
CY2014 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
173787743 USD
CY2013 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
343592574 USD
CY2012 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
60646294 USD
CY2014 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
416681712 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
18964725 USD
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-23269793 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
37999696 USD
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
12734386 USD
CY2013 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
USD
CY2012 us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
USD
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
5014842 USD
CY2013 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-1639915 USD
CY2012 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
2052940 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-31482246 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-386813283 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-8858499 USD
CY2014 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
USD
CY2013 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
USD
CY2012 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
118862500 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4757470 USD
CY2014 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
USD
CY2013 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
USD
CY2012 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
20393704 USD
CY2014 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
USD
CY2013 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
USD
CY2012 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
115499 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
USD
CY2013 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
14181259 USD
CY2014 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
USD
CY2013 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
5750512 USD
CY2012 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
USD
CY2014 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
3576859 USD
CY2013 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
USD
CY2012 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
USD
CY2014 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
64033317 USD
CY2012 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
USD
CY2014 zfc Payments Of Dividends Common Stock And Noncontrolling Interest
PaymentsOfDividendsCommonStockAndNoncontrollingInterest
19130270 USD
CY2013 zfc Payments Of Dividends Common Stock And Noncontrolling Interest
PaymentsOfDividendsCommonStockAndNoncontrollingInterest
10410426 USD
CY2012 zfc Payments Of Dividends Common Stock And Noncontrolling Interest
PaymentsOfDividendsCommonStockAndNoncontrollingInterest
10588722 USD
CY2014 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
USD
CY2013 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
148379 USD
CY2012 us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
15424 USD
CY2014 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
USD
CY2013 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
216658 USD
CY2012 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
12902333 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19061110 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6326724 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
33791013 USD
CY2014 us-gaap Interest Paid
InterestPaid
18666057 USD
CY2013 us-gaap Interest Paid
InterestPaid
5696619 USD
CY2012 us-gaap Interest Paid
InterestPaid
1377433 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
USD
CY2012Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
USD
CY2014 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
USD
CY2013 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
USD
CY2012 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
USD
CY2014 us-gaap Nature Of Operations
NatureOfOperations
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0pt 0pt 10pt; page-break-after: avoid; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><strong>1. </strong></font><font style="font-family: 'Times New Roman'; font-size: 10pt;"><strong> </strong></font><font style="font-family: 'Times New Roman'; font-size: 10pt;"><strong>Formation and Organization</strong></font></p> <p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 36pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">ZAIS Financial Corp. (the "Company") was incorporated in Maryland on May 24, 2011, </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">and has elected to be taxed and to qualify as a real estate investment trust ("REIT") beginning with the taxable year ended December</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#160;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">31, 2011. The Company completed its formation transaction and commenced operations on July 29, 2011. On February 13, 2013, </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">the Company completed its initial public offering ("IPO"), pursuant to which the Company sold <font>5,650,000</font> shares of its common stock at a price of $<font>21.25</font> per share for gross proceeds of $<font>120.1</font> million. Net proceeds after the payment of offering costs of $<font>1.2</font></font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> million were $<font>118.9</font> million.</font></p> <p style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; font-size: 10pt; font-family: 'Times New Roman', Times, serif; margin: 0pt 0px; text-align: justify; text-indent: 36pt;">On October 31, 2014, the Company completed the acquisition of GMFS, LLC (&#147;GMFS&#148;), a mortgage banking platform that primarily originates and services agency and government guaranteed residential mortgage loans in the southern United States. The Company has begun to source non-agency mortgage loans through the GMFS platform, with the intent of holding these loans in its investment portfolio. In addition, the Company has begun to acquire newly originated, non-agency mortgage loans from other loan sellers through its newly originated loan purchase program.</p> <p style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; font-size: 10pt; font-family: 'Times New Roman', Times, serif; margin: 0pt 0px; text-align: justify; text-indent: 36pt;">&#160;</p> <p style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; font-size: 10pt; font-family: 'Times New Roman', Times, serif; margin: 0pt 0px; text-align: justify; text-indent: 36pt;">The Company originates, acquires, finances, sells, services and manages residential mortgage loans. The Company originates mortgage loans through its GMFS mortgage banking platform and also acquires performing, re-performing and newly originated loans through other channels. The Company also invests in, finances and manages RMBS that are not issued or guaranteed by a federally chartered corporation, such as Fannie Mae or Freddie Mac, or an agency of the U.S. Government, such as Ginnie Mae (&#147;non-Agency RMBS&#148;) 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 and mortgage servicing rights (&#147;MSRs&#148;). The Company also has the discretion to invest in RMBS that are issued or guaranteed by a federally chartered corporation or a U.S. Government agency (&#147;Agency RMBS&#148;), including through To-Be-Announced (&#147;TBA&#148;) contracts, and in other real estate-related and financial assets, such as interest only strips created from RMBS (&#147;IOs&#148;), commercial mortgage-backed securities (&#147;CMBS&#148;) and asset-backed securities (&#147;ABS&#148;). The Company refers collectively to the assets it targets as its target assets.</p> <p style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; font-size: 10pt; font-family: 'Times New Roman', Times, serif; margin: 0pt 0px; text-align: justify; text-indent: 36pt;">&#160;</p> <p style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; font-size: 10pt; font-family: 'Times New Roman', Times, serif; margin: 0pt 0px; text-align: justify; text-indent: 36pt;">The Company's income is generated primarily by the net spread between the income it earns on its assets and the cost of its financing and hedging activities, and the origination, sale and servicing of residential mortgage loans by its mortgage banking operations. The Company's objective is to provide attractive risk-adjusted returns to its stockholders, primarily through quarterly distributions and secondarily through capital appreciation.</p> <p style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; font-size: 10pt; font-family: 'Times New Roman', Times, serif; margin: 0pt 0px; text-align: justify; text-indent: 36pt;">&#160;</p> <p style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; font-size: 10pt; font-family: 'Times New Roman', Times, serif; margin: 0pt 0px; text-align: justify; text-indent: 36pt;">The Company is externally managed by ZAIS REIT Management, LLC (the &#147;Advisor&#148;), a subsidiary of ZAIS Group, LLC (&#147;ZAIS&#148;), and has no employees except for those employed by GMFS. 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 &#147;Operating Partnership&#148;).</p> <p style="color: #000000; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; font-size: 10pt; font-family: 'Times New Roman', Times, serif; margin: 0pt 0px; text-align: justify; text-indent: 36pt;"><br/></p> <p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 36pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The Company's charter authorizes the issuance of up to <font>500,000,000</font> shares of common</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> stock with a par value of $<font>0.0001</font> per share, and <font>50,000,000</font> shares of preferred stock, with a par value of $<font>0.0001</font> per share. The Company's board of directors is authorized to amend its charter, without the approval of stockholders, to increase the aggreg</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ate 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 </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">the </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">authority</font><font style="font-family: 'Times New Roman'; font-size: 10pt;"> to issue.</font><br/></p> </div>
CY2013Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
10600000 USD
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0pt 0pt 10pt; page-break-after: avoid; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><strong>Estimates</strong></font></p> <p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 36pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">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 repor</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ting period. Actual results may ultimately differ from those estimates.</font></p> </div>
CY2014Q2 us-gaap Noninterest Expense
NoninterestExpense
3231396 USD
CY2014 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0pt 0pt 10pt; page-break-after: avoid; text-align: justify; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;"><strong>Liability for Loan Repurchases and Indemnifications</strong></font></p> <p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 36pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans sold to investors by the Company and which met inves</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">tor and agency underwriting guidelines at the time of sale may be subject to repurchase or indemnification in the event of specific default by the borrower or subsequent discovery that underwriting standards were not met. The Company may, upon mutual agree</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">ment, agree to repurchase the loans or indemnify the investor against future losses on such loans.&#160; In such cases, the Company bears any subsequent credit loss on the loans.&#160; The Company has established a liability for potential losses related to these rep</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">resentations and warranties with a corresponding provision </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">recorded </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">for loan losses. </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">The liability is included in accounts payable and other liabilities in the Company's consolidated balance sheets and the provision is included in mortgage banking activiti</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">es, net in the Company's consolidated statements of operations. </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">In assessing the </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">adequacy of the liability, management evaluates various factors including actual losses on repurchases and indemnifications during the period, historical loss experience, know</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">n delinquent and other problem loans, and economic trends and conditions in the industry. Actual losses incurred are reflected as charge-offs against the reserve liability.</font></p> <p style="margin: 0pt 0pt 10pt; text-align: justify; text-indent: 36pt; font-family: 'times new roman';"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Because of the uncertainty in the various estimates underlying the loan indemnifica</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">tion reserve, there is a range of losses in excess of the recorded loan indemnification reserve that is reasonably possible.&#160; The estimate of the range of possible losses for representations and warranties does not represent a probable loss, and is based o</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">n current available information, significant judgment</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">, </font><font style="font-family: 'Times New Roman'; font-size: 10pt;">and a number of assumptions that are subject to change.</font></p> </div>
CY2014 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segments
CY2014Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
1200000 USD
CY2014Q4 us-gaap Cash And Securities Segregated Under Federal And Other Regulations
CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations
23600000 USD
CY2013Q1 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
17700000 USD
CY2013Q2 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
USD
CY2013Q2 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
134500000 USD
CY2013Q3 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
162400000 USD
CY2013Q3 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
98200000 USD
CY2014Q1 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
100400000 USD
CY2014 us-gaap Mortgage Loans On Real Estate Minimum Interest Rate In Range
MortgageLoansOnRealEstateMinimumInterestRateInRange
0.0175 pure
CY2014 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
CY2014 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions
55532098 USD
CY2013 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Additions
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAdditions
222899189 USD
CY2014 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
26137006 USD
CY2013 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Accretion
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldAccretion
10470435 USD
CY2014 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference
14713116 USD
CY2013 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield Reclassifications From Nonaccretable Difference
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYieldReclassificationsFromNonaccretableDifference
10972942 USD
CY2014Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Accretable Yield
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAccretableYield
267509905 USD
CY2014 zfc Proceeds From Sale Of Real Estate Securities
ProceedsFromSaleOfRealEstateSecurities
102635229 USD
CY2014 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
5344361 USD
CY2014 us-gaap Product Warranty Expense
ProductWarrantyExpense
118895 USD
CY2014 us-gaap Fees And Commissions Mortgage Banking
FeesAndCommissionsMortgageBanking
213540 USD
CY2014Q4 us-gaap Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
684256 USD
CY2013Q4 us-gaap Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
1360528 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
385075 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
410515 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
2275539 USD
CY2014Q4 us-gaap Interest Expense
InterestExpense
4447530 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
639523 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
455351 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
385075 USD
CY2014 us-gaap Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
122986 USD
CY2014 us-gaap Operating Leases Rent Expense Sublease Rentals1
OperatingLeasesRentExpenseSubleaseRentals1
45861 USD
CY2014 us-gaap Lessee Leasing Arrangements Operating Leases Renewal Term
LesseeLeasingArrangementsOperatingLeasesRenewalTerm
P5Y
CY2014Q2 us-gaap Interest Expense
InterestExpense
4416385 USD
CY2014Q1 us-gaap Interest Expense
InterestExpense
3903952 USD
CY2014Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5820345 USD
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
69719 USD
CY2014Q4 us-gaap Interest Income Operating
InterestIncomeOperating
10267875 USD
CY2014Q3 us-gaap Interest Income Operating
InterestIncomeOperating
11000619 USD
CY2014Q2 us-gaap Interest Income Operating
InterestIncomeOperating
10831220 USD
CY2014Q1 us-gaap Interest Income Operating
InterestIncomeOperating
9493033 USD
CY2014Q3 us-gaap Interest Expense
InterestExpense
4491678 USD
CY2014Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6508941 USD
CY2014Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6414835 USD
CY2014Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5589081 USD
CY2014Q4 us-gaap Noninterest Income
NoninterestIncome
4730212 USD
CY2014Q3 us-gaap Noninterest Income
NoninterestIncome
USD
CY2014Q2 us-gaap Noninterest Income
NoninterestIncome
USD
CY2014Q1 us-gaap Noninterest Income
NoninterestIncome
USD
CY2014Q4 us-gaap Gain Loss On Investments
GainLossOnInvestments
-2944631 USD
CY2014Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
-1805117 USD
CY2014Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
22688696 USD
CY2014Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
992101 USD
CY2014Q4 us-gaap Noninterest Expense
NoninterestExpense
8239984 USD
CY2014Q3 us-gaap Noninterest Expense
NoninterestExpense
3424026 USD
CY2014Q1 us-gaap Noninterest Expense
NoninterestExpense
4098323 USD
CY2014Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-850996 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2014Q4 us-gaap Profit Loss
ProfitLoss
216938 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
1279798 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
25872135 USD
CY2014Q1 us-gaap Profit Loss
ProfitLoss
2482859 USD
CY2014Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
194337 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1149497 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23173931 USD
CY2014Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2224205 USD
CY2014Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.02
CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.91
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2014Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2014Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.47
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2014Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7970886 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7970886 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7970886 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7970886 shares
CY2014Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8897800 shares
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8897800 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10677360 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8897800 shares
CY2013Q4 us-gaap Interest Income Operating
InterestIncomeOperating
8773339 USD
CY2013Q3 us-gaap Interest Income Operating
InterestIncomeOperating
8273444 USD
CY2013Q2 us-gaap Interest Income Operating
InterestIncomeOperating
5935511 USD
CY2013Q1 us-gaap Interest Income Operating
InterestIncomeOperating
3436033 USD
CY2013Q4 us-gaap Interest Expense
InterestExpense
3090565 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
2333139 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
1156780 USD
CY2013Q1 us-gaap Interest Expense
InterestExpense
514035 USD
CY2013Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5682774 USD
CY2013Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5940305 USD
CY2013Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
4778731 USD
CY2013Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2921998 USD
CY2013Q4 us-gaap Gain Loss On Investments
GainLossOnInvestments
6033137 USD
CY2013Q3 us-gaap Gain Loss On Investments
GainLossOnInvestments
1172969 USD
CY2013Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
-10527875 USD
CY2013Q1 us-gaap Gain Loss On Investments
GainLossOnInvestments
1155515 USD
CY2013Q4 us-gaap Noninterest Expense
NoninterestExpense
2715456 USD
CY2013Q3 us-gaap Noninterest Expense
NoninterestExpense
2965082 USD
CY2013Q2 us-gaap Noninterest Expense
NoninterestExpense
1819733 USD
CY2013Q1 us-gaap Noninterest Expense
NoninterestExpense
2103818 USD
CY2013Q4 us-gaap Profit Loss
ProfitLoss
9000455 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
4148192 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
-7568877 USD
CY2013Q1 us-gaap Profit Loss
ProfitLoss
1973695 USD
CY2013Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
8062847 USD
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
492700259 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3716061 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-6780401 USD
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1659222 USD
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.01
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.47
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.85
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.98
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.85
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2013Q4 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
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7970886 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5142053 shares
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9594150 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8897800 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
8897800 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6068967 shares
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
USD
CY2014Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
USD
CY2014Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
USD
CY2014Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
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
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
493384515 USD
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
USD
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
493384515 USD
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
684256 USD
CY2014Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
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 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
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 Other Liabilities
OtherLiabilities
5800000 USD
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
CY2012Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.51
CY2012Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.57
CY2012Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.89
CY2012Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.98
CY2013Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.45
CY2013Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.50
CY2013Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.95
CY2014Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.40
CY2014Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.40
CY2014Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.40
CY2012Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
1.16
CY2013Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.22
CY2014Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.40
CY2014 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
2984493 USD
CY2013 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
USD
CY2012 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
USD
CY2014 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
32836223 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7538086 USD
CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
19796126 USD
CY2014 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
926914 shares
CY2013 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
926914 shares
CY2012 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
49593 shares
CY2014 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1779560 shares
CY2013 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
shares
CY2012 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
shares
CY2014 us-gaap Dilutive Securities
DilutiveSecurities
3109760 USD
CY2013 us-gaap Dilutive Securities
DilutiveSecurities
880358 USD
CY2012 us-gaap Dilutive Securities
DilutiveSecurities
362324 USD
CY2014 zfc Interest Expense On Convertible Notes
InterestExpenseOnConvertibleNotes
3240561 USD
CY2013 zfc Interest Expense On Convertible Notes
InterestExpenseOnConvertibleNotes
USD
CY2012 zfc Interest Expense On Convertible Notes
InterestExpenseOnConvertibleNotes
USD
CY2014 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-256068 USD
CY2013 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
USD
CY2012 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
USD
CY2014 dei Document Type
DocumentType
10-K
CY2014Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
1300000 USD
CY2014Q4 us-gaap Cost Method Investments
CostMethodInvestments
1338935 USD
CY2013Q4 us-gaap Cost Method Investments
CostMethodInvestments
USD
CY2014Q4 us-gaap Principal Amount Outstanding On Loans Held For Sale Or Securitization
PrincipalAmountOutstandingOnLoansHeldForSaleOrSecuritization
92917659 USD
CY2014Q4 us-gaap Mortgages Held For Sale Fair Value Disclosure
MortgagesHeldForSaleFairValueDisclosure
97690960 USD
CY2014 us-gaap Impairment Of Investments
ImpairmentOfInvestments
USD
CY2013 us-gaap Impairment Of Investments
ImpairmentOfInvestments
1108024 USD
CY2012 us-gaap Impairment Of Investments
ImpairmentOfInvestments
215345 USD
CY2014 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
1684373 USD
CY2013 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
USD
CY2012 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
MortgageServicingRightsMSRImpairmentRecovery
USD
CY2014Q4 us-gaap Escrow Deposit
EscrowDeposit
2000000 USD
CY2014 dei Amendment Flag
AmendmentFlag
false
CY2014 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014 dei Document Period End Date
DocumentPeriodEndDate
2014-12-31
CY2014 dei Trading Symbol
TradingSymbol
ZFC
CY2014 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2014 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2014Q2 dei Entity Public Float
EntityPublicFloat
129625928 USD
CY2014 dei Entity Registrant Name
EntityRegistrantName
ZAIS Financial Corp.
CY2014 dei Entity Central Index Key
EntityCentralIndexKey
0001527590
CY2015Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
7970886 shares
CY2014 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2014 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
131389 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
788340 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
788340 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
732776 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
455004 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
455004 USD
CY2014 zfc Goodwill Tax Deductible Period
GoodwillTaxDeductiblePeriod
P15Y
CY2014Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period Contractually Required Payments Receivable At Acquisition
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodContractuallyRequiredPaymentsReceivableAtAcquisition
187500000 USD
CY2014Q4 us-gaap Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Acquired During Period Cash Flows Expected To Be Collected At Acquisition
CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodCashFlowsExpectedToBeCollectedAtAcquisition
140300000 USD
CY2014 us-gaap Servicing Asset At Fair Value Other Changes That Affect Balance
ServicingAssetAtFairValueOtherChangesThatAffectBalance
32300337 USD
CY2014 us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
2763014 USD
CY2014 us-gaap Asset At Fair Value Changes In Fair Value Resulting From Changes In Assumptions
AssetAtFairValueChangesInFairValueResultingFromChangesInAssumptions
-1420925 USD
CY2014 us-gaap Servicing Asset At Fair Value Other Changes In Fair Value
ServicingAssetAtFairValueOtherChangesInFairValue
-263448 USD
CY2014 us-gaap Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
1412583 USD
CY2014 us-gaap Late Fee Income Generated By Servicing Financial Assets Amount
LateFeeIncomeGeneratedByServicingFinancialAssetsAmount
60 USD
CY2014 zfc Contractually Specified Subservicing Fees Amount
ContractuallySpecifiedSubservicingFeesAmount
482925 USD
CY2014 us-gaap Servicing Fees Net
ServicingFeesNet
929718 USD
CY2014 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
4730212 USD
CY2014 us-gaap Unrealized Gain Loss On Securities
UnrealizedGainLossOnSecurities
19090520 USD
CY2014 us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
5762254 USD
CY2014 us-gaap Labor And Related Expense
LaborAndRelatedExpense
3765784 USD
CY2014 zfc Other Miscellaneous Expenses
OtherMiscellaneousExpenses
2180113 USD
CY2014 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
2177617 USD
CY2014 us-gaap Other Noninterest Expense
OtherNoninterestExpense
4511741 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
USD
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
USD
CY2014 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-677780 USD
CY2013 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
USD
CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-173216 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-850996 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
USD
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3500 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3500 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0082 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0000 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.0003 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.0000 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.0231 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.0000 pure
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.3946 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
0.3500 pure
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0294 pure
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0000 pure
CY2014Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1207520 USD
CY2013Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
USD
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
673052 USD
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
43473 USD
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1880572 USD
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
43473 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
357663 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
USD
CY2014Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
357663 USD
CY2014Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
850996 USD
CY2013Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
USD
CY2013Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
USD
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
671913 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
43473 USD
CY2014 zfc Increase Decrease In Servicing Assets
IncreaseDecreaseInServicingAssets
2763014 USD
CY2013 zfc Increase Decrease In Servicing Assets
IncreaseDecreaseInServicingAssets
USD
CY2012 zfc Increase Decrease In Servicing Assets
IncreaseDecreaseInServicingAssets
USD

Files In Submission

Name View Source Status
0001206774-15-000907-index-headers.html Edgar Link pending
0001206774-15-000907-index.html Edgar Link pending
0001206774-15-000907.txt Edgar Link pending
0001206774-15-000907-xbrl.zip Edgar Link pending
d284498a001.jpg Edgar Link pending
exhibit21-1.htm Edgar Link pending
exhibit23-1.htm 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
R100.htm Edgar Link pending
R101.htm Edgar Link pending
R102.htm Edgar Link pending
R103.htm Edgar Link pending
R104.htm Edgar Link pending
R105.htm Edgar Link pending
R106.htm Edgar Link pending
R107.htm Edgar Link pending
R108.htm Edgar Link pending
R109.htm Edgar Link pending
R11.htm Edgar Link pending
R110.htm Edgar Link pending
R111.htm Edgar Link pending
R112.htm Edgar Link pending
R113.htm Edgar Link pending
R114.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
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
R97.htm Edgar Link pending
R98.htm Edgar Link pending
R99.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
zfc-20141231.xml Edgar Link completed
zfc-20141231.xsd Edgar Link pending
zfc-20141231_cal.xml Edgar Link unprocessable
zfc-20141231_def.xml Edgar Link unprocessable
zfc-20141231_lab.xml Edgar Link unprocessable
zfc-20141231_pre.xml Edgar Link unprocessable
zfc_10k.htm Edgar Link pending