2013 Q4 Form 10-K Financial Statement
#000119312515062531 Filed on February 25, 2015
Income Statement
Concept | 2013 Q4 | 2013 Q3 | 2013 Q2 |
---|---|---|---|
Revenue | $57.49M | $57.42M | $57.72M |
YoY Change | 7.67% | -3.86% | -3.03% |
Cost Of Revenue | $19.30M | $21.70M | $21.50M |
YoY Change | -41.34% | -23.32% | -66.51% |
Gross Profit | $38.20M | $35.70M | $36.30M |
YoY Change | 86.34% | 13.69% | -872.34% |
Gross Profit Margin | 66.44% | 62.17% | 62.89% |
Selling, General & Admin | $15.60M | $19.50M | $20.80M |
YoY Change | 8.33% | 20.37% | 44.44% |
% of Gross Profit | 40.84% | 54.62% | 57.3% |
Research & Development | $2.780M | $2.318M | |
YoY Change | 126.94% | 77.9% | |
% of Gross Profit | 7.79% | 6.39% | |
Depreciation & Amortization | $100.0K | $100.0K | $100.0K |
YoY Change | -50.0% | 0.0% | -85.71% |
% of Gross Profit | 0.26% | 0.28% | 0.28% |
Operating Expenses | -$19.67M | -$22.32M | -$24.43M |
YoY Change | 271.13% | -230.51% | -261.09% |
Operating Profit | $57.87M | $58.02M | $60.73M |
YoY Change | 124.3% | 305.79% | -405.71% |
Interest Expense | $19.53M | $21.73M | $21.42M |
YoY Change | -40.77% | -23.19% | -25.85% |
% of Operating Profit | 33.74% | 37.44% | 35.26% |
Other Income/Expense, Net | -$12.00M | ||
YoY Change | |||
Pretax Income | $27.00M | $16.99M | $68.71M |
YoY Change | -36.17% | -57.74% | 241.53% |
Income Tax | $1.800M | -$4.935M | $3.140M |
% Of Pretax Income | 6.67% | -29.04% | 4.57% |
Net Earnings | $25.14M | $21.93M | $65.57M |
YoY Change | -40.27% | -44.76% | 235.81% |
Net Earnings / Revenue | 43.72% | 38.19% | 113.61% |
Basic Earnings Per Share | $0.30 | $0.26 | $0.78 |
Diluted Earnings Per Share | $0.29 | $0.25 | $0.71 |
COMMON SHARES | |||
Basic Shares Outstanding | 82.39M shares | 82.20M shares | 82.12M shares |
Diluted Shares Outstanding | 84.42M shares | 96.17M shares |
Balance Sheet
Concept | 2013 Q4 | 2013 Q3 | 2013 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.856B | $1.529B | $1.522B |
YoY Change | 55.99% | 13.14% | 10.19% |
Cash & Equivalents | $173.2M | $204.6M | $207.7M |
Short-Term Investments | $1.683B | $1.325B | $1.314B |
Other Short-Term Assets | $2.000M | $2.000M | $1.000M |
YoY Change | 0.0% | 0.0% | 0.0% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $206.0M | $255.0M | $221.0M |
YoY Change | 134.09% | 454.35% | 172.84% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.232M | $1.065M | $859.0K |
YoY Change | 149.39% | 106.8% | 53.67% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $1.748B | $1.385B | $1.357B |
YoY Change | 56.91% | -14.14% | -13.73% |
Other Assets | $14.00M | $15.00M | $16.00M |
YoY Change | 40.0% | -69.39% | -36.0% |
Total Long-Term Assets | $4.403B | $4.405B | $5.214B |
YoY Change | 1.07% | -16.12% | 0.95% |
TOTAL ASSETS | |||
Total Short-Term Assets | $206.0M | $255.0M | $221.0M |
Total Long-Term Assets | $4.403B | $4.405B | $5.214B |
Total Assets | $4.609B | $4.660B | $5.435B |
YoY Change | 3.7% | -12.03% | 3.6% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $55.00M | $48.00M | $93.00M |
YoY Change | 77.42% | 0.0% | 322.73% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $862.8M | $838.3M | $1.446B |
YoY Change | 56.32% | 60.53% | 217.5% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $918.0M | $886.0M | $1.539B |
YoY Change | 57.46% | 55.44% | 222.64% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $2.419B | $2.533B | $2.658B |
YoY Change | -9.37% | -29.03% | -28.22% |
Other Long-Term Liabilities | $18.00M | $33.00M | $30.00M |
YoY Change | -64.71% | -69.72% | -73.68% |
Total Long-Term Liabilities | $2.437B | $2.566B | $2.688B |
YoY Change | -10.4% | -30.23% | -29.58% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $918.0M | $886.0M | $1.539B |
Total Long-Term Liabilities | $2.437B | $2.566B | $2.688B |
Total Liabilities | $3.363B | $3.452B | $4.226B |
YoY Change | 1.78% | -18.71% | -1.61% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $806.3M | $781.2M | $759.2M |
YoY Change | 27.37% | 32.18% | 37.72% |
Common Stock | $1.762B | $1.759B | $1.755B |
YoY Change | 0.94% | 1.03% | 2.87% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.246B | $1.207B | $1.209B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.609B | $4.660B | $5.435B |
YoY Change | 3.7% | -12.03% | 3.6% |
Cashflow Statement
Concept | 2013 Q4 | 2013 Q3 | 2013 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $25.14M | $21.93M | $65.57M |
YoY Change | -40.27% | -44.76% | 235.81% |
Depreciation, Depletion And Amortization | $100.0K | $100.0K | $100.0K |
YoY Change | -50.0% | 0.0% | -85.71% |
Cash From Operating Activities | $263.6M | $547.0M | -$579.4M |
YoY Change | -282.17% | -374.87% | -4209.22% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | -$3.100M | $0.00 |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$184.4M | $205.1M | $159.1M |
YoY Change | -191.24% | -22.72% | 148.98% |
Cash From Investing Activities | -$184.4M | $202.0M | $159.1M |
YoY Change | -191.24% | -23.89% | 148.98% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -110.7M | -752.0M | 549.0M |
YoY Change | 600.63% | 679.27% | -447.69% |
NET CHANGE | |||
Cash From Operating Activities | 263.6M | 547.0M | -579.4M |
Cash From Investing Activities | -184.4M | 202.0M | 159.1M |
Cash From Financing Activities | -110.7M | -752.0M | 549.0M |
Net Change In Cash | -31.50M | -3.000M | 128.7M |
YoY Change | -175.72% | -90.03% | -261.08% |
FREE CASH FLOW | |||
Cash From Operating Activities | $263.6M | $547.0M | -$579.4M |
Capital Expenditures | $0.00 | -$3.100M | $0.00 |
Free Cash Flow | $263.6M | $550.1M | -$579.4M |
YoY Change | -282.17% | -376.43% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2007Q4 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
5000000 | shares |
CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
380779 | shares |
CY2015Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
83426979 | shares |
CY2013Q1 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.04625 | pure |
CY2013Q1 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
288000000 | |
CY2014Q2 | dei |
Entity Public Float
EntityPublicFloat
|
1594415726 | |
CY2011Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
53.91 | |
CY2011Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
892584000 | |
CY2011Q4 | us-gaap |
Employee Stock Ownership Plan Esop Repurchase Obligation Amount
EmployeeStockOwnershipPlanESOPRepurchaseObligationAmount
|
8000 | |
CY2011Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
267176000 | |
CY2011Q4 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
|
78126000 | |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
54.18 | |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
287516 | shares |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
54.18 | |
CY2012Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
287516 | shares |
CY2012Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1140164000 | |
CY2012Q4 | us-gaap |
Employee Stock Ownership Plan Esop Repurchase Obligation Amount
EmployeeStockOwnershipPlanESOPRepurchaseObligationAmount
|
3000 | |
CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
81080000 | |
CY2012Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
1108753000 | |
CY2012Q4 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
5315000 | |
CY2012Q4 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
|
50852000 | |
CY2012Q4 | us-gaap |
Assets
Assets
|
4444098000 | |
CY2012Q4 | us-gaap |
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds
TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds
|
143885000 | |
CY2012Q4 | us-gaap |
Loans And Leases Receivable Net Reported Amount Commercial
LoansAndLeasesReceivableNetReportedAmountCommercial
|
313010000 | |
CY2012Q4 | us-gaap |
Loans And Leases Receivable Net Reported Amount Consumer
LoansAndLeasesReceivableNetReportedAmountConsumer
|
2835470000 | |
CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
82504801 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
82504801 | shares |
CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
180000000 | shares |
CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
57.00 | |
CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
79535 | shares |
CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
57.00 | |
CY2013Q4 | us-gaap |
Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
|
0.0142 | pure |
CY2013Q4 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
1488922000 | |
CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2013Q4 | us-gaap |
Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
|
76 | Investment |
CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
1683956 | shares |
CY2013Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
79535 | shares |
CY2013Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
1944911000 | |
CY2013Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1245783000 | |
CY2013Q4 | us-gaap |
Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
|
3000000 | |
CY2013Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
6366000 | |
CY2013Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
|
930018000 | |
CY2013Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Not Subject To Master Netting Arrangement
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedNotSubjectToMasterNettingArrangement
|
918288000 | |
CY2013Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
119169000 | |
CY2013Q4 | us-gaap |
Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
|
535000 | |
CY2013Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
-16000000 | |
CY2013Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
48704000 | |
CY2013Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
48704000 | |
CY2013Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
18167000 | |
CY2013Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
825000 | |
CY2013Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
148766000 | |
CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
806298000 | |
CY2013Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
66146000 | |
CY2013Q4 | us-gaap |
Litigation Reserve
LitigationReserve
|
12000000 | |
CY2013Q4 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
22160000 | |
CY2013Q4 | us-gaap |
Employee Stock Ownership Plan Esop Repurchase Obligation Amount
EmployeeStockOwnershipPlanESOPRepurchaseObligationAmount
|
3000 | |
CY2013Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
|
930018000 | |
CY2013Q4 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Cash
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedCollateralObligationToReturnCash
|
482000 | |
CY2013Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
1760899000 | |
CY2013Q4 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
1337000 | |
CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
4608528000 | |
CY2013Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
7316000 | |
CY2013Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
|
||
CY2013Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
862763000 | |
CY2013Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
0 | |
CY2013Q4 | us-gaap |
Liabilities
Liabilities
|
3362745000 | |
CY2013Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
476467000 | |
CY2013Q4 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
|
||
CY2013Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
35470000 | |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
173201000 | |
CY2013Q4 | us-gaap |
Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
|
0 | |
CY2013Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
7787000 | |
CY2013Q4 | us-gaap |
Margin Deposit Assets
MarginDepositAssets
|
31149000 | |
CY2013Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
1682861000 | |
CY2013Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1232000 | |
CY2013Q4 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
64824000 | |
CY2013Q4 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
1558306000 | |
CY2013Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
147323000 | |
CY2013Q4 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
-10381000 | |
CY2013Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
398000 | |
CY2013Q4 | us-gaap |
Cumulative Dividends
CumulativeDividends
|
1471005000 | |
CY2013Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
170000 | |
CY2013Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
|
11730000 | |
CY2013Q4 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
10748000 | |
CY2013Q4 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
|
37149000 | |
CY2013Q4 | us-gaap |
Servicing Asset
ServicingAsset
|
5791758000 | |
CY2013Q4 | us-gaap |
Trading Securities
TradingSecurities
|
124555000 | |
CY2013Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
10254000 | |
CY2013Q4 | us-gaap |
Deposit Assets
DepositAssets
|
5000000 | |
CY2013Q4 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedGross
|
7704000 | |
CY2013Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
|
||
CY2013Q4 | us-gaap |
Other Assets
OtherAssets
|
53640000 | |
CY2013Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
1850000 | |
CY2013Q4 | us-gaap |
Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
|
3661000 | |
CY2013Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5000000 | |
CY2013Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
13453000 | |
CY2013Q4 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Amount Offset Against Collateral
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedAmountOffsetAgainstCollateral
|
7704000 | |
CY2013Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
2299576000 | |
CY2013Q4 | us-gaap |
Assets
Assets
|
4608528000 | |
CY2013Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
-7316000 | |
CY2013Q4 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowed
|
1164000 | |
CY2013Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
20730000 | |
CY2013Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
13475000 | |
CY2013Q4 | us-gaap |
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds
TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds
|
392932000 | |
CY2013Q4 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Not Subject To Master Netting Arrangement
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNotSubjectToMasterNettingArrangement
|
6058000 | |
CY2013Q4 | us-gaap |
Loans And Leases Receivable Net Reported Amount Commercial
LoansAndLeasesReceivableNetReportedAmountCommercial
|
432455000 | |
CY2013Q4 | us-gaap |
Loans And Leases Receivable Net Reported Amount Consumer
LoansAndLeasesReceivableNetReportedAmountConsumer
|
2166434000 | |
CY2013Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
90138000 | |
CY2013Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
|
5667000 | |
CY2013Q4 | us-gaap |
Investments
Investments
|
4519775000 | |
CY2013Q4 | rwt |
Deferred Tax Assets Capital Loss Carryforwards Domestic
DeferredTaxAssetsCapitalLossCarryforwardsDomestic
|
6905000 | |
CY2013Q4 | rwt |
Accrued Derivative Payable
AccruedDerivativePayable
|
4700000 | |
CY2013Q4 | rwt |
Deferred Tax Liabilities Real Estate Assets
DeferredTaxLiabilitiesRealEstateAssets
|
34935000 | |
CY2013Q4 | rwt |
Deferred Tax Assets Capital Loss Carryforwards State And Local
DeferredTaxAssetsCapitalLossCarryforwardsStateAndLocal
|
34189000 | |
CY2013Q4 | rwt |
Number Of Securities Continuous Unrealized Loss Position More Than Twelve Months
NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths
|
5 | Investment |
CY2013Q4 | rwt |
Accrued Expenses
AccruedExpenses
|
4291000 | |
CY2013Q4 | rwt |
Mortgage Loan Repurchase Reserve
MortgageLoanRepurchaseReserve
|
1771000 | |
CY2013Q4 | rwt |
Number Of Available For Sale Securities
NumberOfAvailableForSaleSecurities
|
303 | Investment |
CY2013Q4 | rwt |
Other Liabilities Miscellaneous
OtherLiabilitiesMiscellaneous
|
2445000 | |
CY2013Q4 | rwt |
Collateral For Asset Backed Securities Issued
CollateralForAssetBackedSecuritiesIssued
|
2292378000 | |
CY2014Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
83443141 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
83443141 | shares |
CY2014Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
180000000 | shares |
CY2014Q4 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
4005985 | shares |
CY2014Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
24.31 | |
CY2014Q4 | us-gaap |
Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
|
0.0173 | pure |
CY2014Q4 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
3663084000 | |
CY2014Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2014Q4 | us-gaap |
Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions1
AvailableforsaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositions1
|
31 | Investment |
CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
2225245 | shares |
CY2014Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
1546490000 | |
CY2014Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1256141000 | |
CY2014Q4 | us-gaap |
Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
|
3000000 | |
CY2014Q4 | us-gaap |
Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
|
986000000 | |
CY2014Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
8502000 | |
CY2014Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
|
1851876000 | |
CY2014Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Not Subject To Master Netting Arrangement
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedNotSubjectToMasterNettingArrangement
|
1800800000 | |
CY2014Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
111183000 | |
CY2014Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
-30000000 | |
CY2014Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
52244000 | |
CY2014Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
52244000 | |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
1495000 | |
CY2014Q4 | us-gaap |
Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
|
10000000 | |
CY2014Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
58331000 | |
CY2014Q4 | us-gaap |
Deferred Tax Liabilities Other Comprehensive Income
DeferredTaxLiabilitiesOtherComprehensiveIncome
|
2684000 | |
CY2014Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
1900000 | |
CY2014Q4 | us-gaap |
Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
|
87000 | |
CY2014Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
834000 | |
CY2014Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
140688000 | |
CY2014Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
906867000 | |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
1827000 | |
CY2014Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
66707000 | |
CY2014Q4 | us-gaap |
Litigation Reserve
LitigationReserve
|
2000000 | |
CY2014Q4 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
19273000 | |
CY2014Q4 | us-gaap |
Employee Stock Ownership Plan Esop Repurchase Obligation Amount
EmployeeStockOwnershipPlanESOPRepurchaseObligationAmount
|
3000 | |
CY2014Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
|
1851876000 | |
CY2014Q4 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Cash
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedCollateralObligationToReturnCash
|
4735000 | |
CY2014Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
1774030000 | |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
13051000 | |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
1189000 | |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
2879000 | |
CY2014Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5918966000 | |
CY2014Q4 | us-gaap |
Guaranty Liabilities
GuarantyLiabilities
|
7201000 | |
CY2014Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
10236000 | |
CY2014Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
|
976000 | |
CY2014Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
1793825000 | |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
2833000 | |
CY2014Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
0 | |
CY2014Q4 | us-gaap |
Liabilities
Liabilities
|
4662824000 | |
CY2014Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
2828000 | |
CY2014Q4 | us-gaap |
Loans And Leases Receivable Net Reported Amount Commercial
LoansAndLeasesReceivableNetReportedAmountCommercial
|
566927000 | |
CY2014Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
47173000 | |
CY2014Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
1194567000 | |
CY2014Q4 | us-gaap |
Available For Sale Securities Pledged As Collateral
AvailableForSaleSecuritiesPledgedAsCollateral
|
762000000 | |
CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
269730000 | |
CY2014Q4 | us-gaap |
Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
|
61000 | |
CY2014Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
16417000 | |
CY2014Q4 | us-gaap |
Margin Deposit Assets
MarginDepositAssets
|
65374000 | |
CY2014Q4 | us-gaap |
Marketable Securities
MarketableSecurities
|
1379230000 | |
CY2014Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3008000 | |
CY2014Q4 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
139293000 | |
CY2014Q4 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
1267624000 | |
CY2014Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
148120000 | |
CY2014Q4 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
-41914000 | |
CY2014Q4 | us-gaap |
Guaranty Assets
GuarantyAssets
|
7201000 | |
CY2014Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
628000 | |
CY2014Q4 | us-gaap |
Cumulative Dividends
CumulativeDividends
|
1566278000 | |
CY2014Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
210000 | |
CY2014Q4 | us-gaap |
Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
|
50100000 | |
CY2014Q4 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
4935000 | |
CY2014Q4 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
|
33849000 | |
CY2014Q4 | us-gaap |
Servicing Asset
ServicingAsset
|
13667930000 | |
CY2014Q4 | us-gaap |
Trading Securities
TradingSecurities
|
111606000 | |
CY2014Q4 | us-gaap |
Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
|
3000000 | |
CY2014Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
18765000 | |
CY2014Q4 | us-gaap |
Deposit Assets
DepositAssets
|
5000000 | |
CY2014Q4 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedGross
|
15257000 | |
CY2014Q4 | us-gaap |
Federal Home Loan Bank Stock
FederalHomeLoanBankStock
|
10688000 | |
CY2014Q4 | us-gaap |
Other Assets
OtherAssets
|
113896000 | |
CY2014Q4 | us-gaap |
Pledged Assets Separately Reported Other Assets Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedOtherAssetsPledgedAsCollateralAtFairValue
|
9927000 | |
CY2014Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
3372000 | |
CY2014Q4 | us-gaap |
Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
|
4391000 | |
CY2014Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
5000000 | |
CY2014Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
16050000 | |
CY2014Q4 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Amount Offset Against Collateral
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedAmountOffsetAgainstCollateral
|
15257000 | |
CY2014Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
1900208000 | |
CY2014Q4 | us-gaap |
Assets
Assets
|
5918966000 | |
CY2014Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
-10236000 | |
CY2014Q4 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowed
|
3547000 | |
CY2014Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
20269000 | |
CY2014Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
18222000 | |
CY2014Q4 | us-gaap |
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds
TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds
|
150387000 | |
CY2014Q4 | us-gaap |
Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Not Subject To Master Netting Arrangement
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNotSubjectToMasterNettingArrangement
|
6975000 | |
CY2014Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
|
91579000 | |
CY2014Q4 | us-gaap |
Loans And Leases Receivable Net Reported Amount Consumer
LoansAndLeasesReceivableNetReportedAmountConsumer
|
3398573000 | |
CY2014Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
|
2355000 | |
CY2014Q4 | us-gaap |
Investments
Investments
|
5753753000 | |
CY2014Q4 | rwt |
Debt Instrument Convertible Base Principal Amount Of Conversion
DebtInstrumentConvertibleBasePrincipalAmountOfConversion
|
1000 | |
CY2014Q4 | rwt |
Deferred Tax Assets Capital Loss Carryforwards Domestic
DeferredTaxAssetsCapitalLossCarryforwardsDomestic
|
7903000 | |
CY2014Q4 | rwt |
Accrued Derivative Payable
AccruedDerivativePayable
|
6455000 | |
CY2014Q4 | rwt |
Deferred Tax Liabilities Real Estate Assets
DeferredTaxLiabilitiesRealEstateAssets
|
44402000 | |
CY2014Q4 | rwt |
Minimum Percentage Of Taxable Income Distribution To Shareholders
MinimumPercentageOfTaxableIncomeDistributionToShareholders
|
0.90 | pure |
CY2014Q4 | rwt |
Deferred Tax Assets Capital Loss Carryforwards State And Local
DeferredTaxAssetsCapitalLossCarryforwardsStateAndLocal
|
27308000 | |
CY2014Q4 | rwt |
Number Of Securities Continuous Unrealized Loss Position More Than Twelve Months
NumberOfSecuritiesContinuousUnrealizedLossPositionMoreThanTwelveMonths
|
10 | Investment |
CY2014Q4 | rwt |
Accrued Expenses
AccruedExpenses
|
2758000 | |
CY2014Q4 | rwt |
Mortgage Loan Repurchase Reserve
MortgageLoanRepurchaseReserve
|
3724000 | |
CY2014Q4 | rwt |
Number Of Available For Sale Securities
NumberOfAvailableForSaleSecurities
|
290 | Investment |
CY2014Q4 | rwt |
Other Liabilities Miscellaneous
OtherLiabilitiesMiscellaneous
|
10833000 | |
CY2014Q4 | rwt |
Collateral For Asset Backed Securities Issued
CollateralForAssetBackedSecuritiesIssued
|
1900208000 | |
CY2014Q4 | rwt |
Potential Future Payments
PotentialFuturePayments
|
10000000 | |
CY2013Q4 | rwt |
Provision For Loan Repurchases
ProvisionForLoanRepurchases
|
2000000 | |
CY2013 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.94 | |
CY2013 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
9751946 | shares |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
0 | shares |
CY2013 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
204965 | shares |
CY2013 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
0 | shares |
CY2013 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.059 | pure |
CY2013 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-221828000 | |
CY2013 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
3016 | shares |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.072 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.164 | pure |
CY2013 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
53.15 | |
CY2013 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
50.15 | |
CY2013 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
93694924 | shares |
CY2013 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.05 | |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
|
-0.170 | pure |
CY2013 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | |
CY2013 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.12 | |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.340 | pure |
CY2013 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
|
-0.019 | pure |
CY2013 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2013 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
81985897 | shares |
CY2013 | us-gaap |
Transfer Of Other Real Estate
TransferOfOtherRealEstate
|
4711000 | |
CY2013 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
584400000 | |
CY2013 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
6350619000 | |
CY2013 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
140448000 | |
CY2013 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
145185000 | |
CY2013 | us-gaap |
Interest Income Other
InterestIncomeOther
|
157000 | |
CY2013 | us-gaap |
Interest And Fee Income Loans Consumer Real Estate
InterestAndFeeIncomeLoansConsumerRealEstate
|
67016000 | |
CY2013 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
15000 | |
CY2013 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
26165000 | |
CY2013 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
-5342000 | |
CY2013 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
27000 | |
CY2013 | us-gaap |
Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
|
65771000 | |
CY2013 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
94414000 | |
CY2013 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
|
5811000 | |
CY2013 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
10434000 | |
CY2013 | us-gaap |
Noninterest Income
NoninterestIncome
|
142353000 | |
CY2013 | us-gaap |
Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
|
24765000 | |
CY2013 | us-gaap |
Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
|
3106000 | |
CY2013 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
518000 | |
CY2013 | us-gaap |
Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
|
7766203000 | |
CY2013 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-1918000 | |
CY2013 | us-gaap |
Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
|
115563000 | |
CY2013 | us-gaap |
Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
|
43420000 | |
CY2013 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
3397000 | |
CY2013 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
184194000 | |
CY2013 | us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
9239000 | |
CY2013 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
9184000 | |
CY2013 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
32079000 | |
CY2013 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
226156000 | |
CY2013 | us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
36290000 | |
CY2013 | us-gaap |
Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
|
989000000 | |
CY2013 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
488598000 | |
CY2013 | us-gaap |
Net Income Loss
NetIncomeLoss
|
173246000 | |
CY2013 | us-gaap |
Interest Paid
InterestPaid
|
85418000 | |
CY2013 | us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
-12002000 | |
CY2013 | us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
42451000 | |
CY2013 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
13547000 | |
CY2013 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
25259000 | |
CY2013 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
5861000 | |
CY2013 | us-gaap |
Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
|
7000 | |
CY2013 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
-12000000 | |
CY2013 | us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
8314000 | |
CY2013 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
183680000 | |
CY2013 | us-gaap |
Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
|
24613000 | |
CY2013 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
10077000 | |
CY2013 | us-gaap |
Interest Expense
InterestExpense
|
80971000 | |
CY2013 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
10948000 | |
CY2013 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
351336000 | |
CY2013 | us-gaap |
Operating Expenses
OperatingExpenses
|
86607000 | |
CY2013 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
4737000 | |
CY2013 | us-gaap |
Professional Fees
ProfessionalFees
|
6263000 | |
CY2013 | us-gaap |
Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
|
44063000 | |
CY2013 | us-gaap |
Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
|
518000 | |
CY2013 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
55570000 | |
CY2013 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
26442000 | |
CY2013 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
92121000 | |
CY2013 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
2000000 | |
CY2013 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-281000 | |
CY2013 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest
|
2699000 | |
CY2013 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
|
137000 | |
CY2013 | us-gaap |
Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
|
19030000 | |
CY2013 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
3490000 | |
CY2013 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
388000 | |
CY2013 | us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
31046000 | |
CY2013 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
8667000 | |
CY2013 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
6661464000 | |
CY2013 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
142000 | |
CY2013 | us-gaap |
Impairment Of Investments
ImpairmentOfInvestments
|
4532000 | |
CY2013 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-37387000 | |
CY2013 | us-gaap |
Other Noninterest Expense
OtherNoninterestExpense
|
12000000 | |
CY2013 | us-gaap |
Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
|
440000 | |
CY2013 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
3632000 | |
CY2013 | us-gaap |
Interest Expense Long Term Debt
InterestExpenseLongTermDebt
|
23819000 | |
CY2013 | us-gaap |
Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
|
17436000 | |
CY2013 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
|
1833000 | |
CY2013 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
220535000 | |
CY2013 | us-gaap |
Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
|
214000 | |
CY2013 | us-gaap |
Communications And Information Technology
CommunicationsAndInformationTechnology
|
9886000 | |
CY2013 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3503000 | |
CY2013 | us-gaap |
Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities
InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities
|
39716000 | |
CY2013 | us-gaap |
Other General Expense
OtherGeneralExpense
|
2721000 | |
CY2013 | us-gaap |
Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
|
7405088000 | |
CY2013 | us-gaap |
Severance Costs1
SeveranceCosts1
|
3879000 | |
CY2013 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
13547000 | |
CY2013 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
7316000 | |
CY2013 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
200000 | |
CY2013 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
94414000 | |
CY2013 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
20008000 | |
CY2013 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
8664000 | |
CY2013 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
336994000 | |
CY2013 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
523900000 | |
CY2013 | rwt |
Debt Instrument Average Maturity Term
DebtInstrumentAverageMaturityTerm
|
P61D | |
CY2013 | rwt |
Other Market Valuation Adjustments
OtherMarketValuationAdjustments
|
-5709000 | |
CY2013 | rwt |
Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
|
97701000 | |
CY2013 | rwt |
Number Of Variable Interest Entities Acquired And Consolidated
NumberOfVariableInterestEntitiesAcquiredAndConsolidated
|
26 | Entity |
CY2013 | rwt |
Proceeds From Principal Repayments On Securities
ProceedsFromPrincipalRepaymentsOnSecurities
|
163951000 | |
CY2013 | rwt |
Loan Purchase Sale Commitment Valuations
LoanPurchaseSaleCommitmentValuations
|
-399000 | |
CY2013 | rwt |
Employee Stock Purchase Plan Number Of Shares Purchased By Employee
EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee
|
243020 | shares |
CY2013 | rwt |
Stock Issued During Period Value Dividend Reinvestment And Stock Purchase Plan
StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan
|
8148000 | |
CY2013 | rwt |
Number Of Facilities
NumberOfFacilities
|
13 | Contract |
CY2013 | rwt |
Mortgage Banking Activities Derivative Instruments Net
MortgageBankingActivitiesDerivativeInstrumentsNet
|
51162000 | |
CY2013 | rwt |
Other Market Valuation Adjustments Net
OtherMarketValuationAdjustmentsNet
|
-5709000 | |
CY2013 | rwt |
Total Net Change In Market Value Related To Mortgage Servicing Rights
TotalNetChangeInMarketValueRelatedToMortgageServicingRights
|
11995000 | |
CY2013 | rwt |
Payments For Proceeds From Derivative Instrument Operating Activities
PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
|
45447000 | |
CY2013 | rwt |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Matured Called Written Down
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsMaturedCalledWrittenDown
|
8029000 | |
CY2013 | rwt |
Mortgage Banking Activities Market Valuation Adjustments Net
MortgageBankingActivitiesMarketValuationAdjustmentsNet
|
91415000 | |
CY2013 | rwt |
Mortgage Servicing Rights Income Including Market Valuation Changes Of Ms Rs
MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
|
20309000 | |
CY2013 | rwt |
Mortgage Banking Activities Net
MortgageBankingActivitiesNet
|
102494000 | |
CY2013 | rwt |
Fixed Compensation Expense
FixedCompensationExpense
|
23248000 | |
CY2013 | rwt |
Variable Compensation Expense
VariableCompensationExpense
|
18366000 | |
CY2013 | rwt |
Mortgage Servicing Expense
MortgageServicingExpense
|
925000 | |
CY2014 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.15 | |
CY2014 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
11825450 | shares |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
0 | shares |
CY2014 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | |
CY2014 | dei |
Document Type
DocumentType
|
10-K | |
CY2014 | dei |
Entity Registrant Name
EntityRegistrantName
|
REDWOOD TRUST INC | |
CY2014 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
CY2014 | dei |
Trading Symbol
TradingSymbol
|
RWT | |
CY2014 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
985591 | shares |
CY2014 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
79535 | shares |
CY2014 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
0 | shares |
CY2014 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2014 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2014 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.0545 | pure |
CY2014 | us-gaap |
Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
|
1.00 | pure |
CY2014 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.007 | pure |
CY2014 | us-gaap |
Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
|
0.00 | pure |
CY2014 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>Note 1. Redwood Trust</b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Redwood Trust, Inc., together with its subsidiaries, focuses on investing in mortgage- and other real estate-related assets and engaging in residential and commercial mortgage banking activities. We seek to invest in real estate-related assets that have the potential to generate attractive cash flow returns over time and to generate income through our residential and commercial mortgage banking activities.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Our primary sources of income are net interest income from our investment portfolios and noninterest income from our mortgage banking activities. Net interest income consists of the interest income we earn on investments less the interest expense we incur on borrowed funds and other liabilities. Income from mortgage banking activities consists of the profit we seek to generate through the acquisition or origination of loans and their subsequent sale or securitization. References herein to “Redwood,” the “company,” “we,” “us,” and “our” include Redwood Trust, Inc. and its consolidated subsidiaries, unless the context otherwise requires.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> We operate our business in three segments: residential mortgage banking, residential investments, and commercial mortgage banking and investments. Refer to <i>Item 1</i> — <i>Business</i> in this Annual Report on Form 10-K for additional information on our business.</p> </div> | |
CY2014 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1791133000 | |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.072 | pure |
CY2014 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of financial statements requires us to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amounts and timing of credit losses, prepayment rates, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the consolidated financial statements and the reported amounts of certain revenues and expenses during the reported periods. It is likely that changes in these estimates (e.g., valuation changes due to supply and demand, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. Our estimates are inherently subjective in nature and actual results could differ from our estimates and the differences could be material.</p> </div> | |
CY2014 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2014-12-31 | |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.001 | pure |
CY2014 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
3 | Segment |
CY2014 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
57.00 | |
CY2014 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2014 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2014 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
CY2014 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
85098579 | shares |
CY2014 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.18 | |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions Dividends
EffectiveIncomeTaxRateReconciliationDeductionsDividends
|
-0.259 | pure |
CY2014 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | |
CY2014 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000930236 | |
CY2014 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.12 | |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.340 | pure |
CY2014 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
|
-0.145 | pure |
CY2014 | us-gaap |
Debt Instrument Interest Rate Terms
DebtInstrumentInterestRateTerms
|
Substantially all ABS issued pay variable rates of interest, which are indexed to one-, three-, or six-month LIBOR. | |
CY2014 | us-gaap |
Debt Instrument Convertible Conversion Ratio1
DebtInstrumentConvertibleConversionRatio1
|
41.1320 | pure |
CY2014 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2014 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2014 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2014 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
82837369 | shares |
CY2014 | us-gaap |
Transfer Of Other Real Estate
TransferOfOtherRealEstate
|
6844000 | |
CY2014 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
396734000 | |
CY2014 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
7442836000 | |
CY2014 | us-gaap |
Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
|
5000000 | |
CY2014 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
153646000 | |
CY2014 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
154607000 | |
CY2014 | us-gaap |
Interest Income Other
InterestIncomeOther
|
72000 | |
CY2014 | us-gaap |
Interest And Fee Income Loans Consumer Real Estate
InterestAndFeeIncomeLoansConsumerRealEstate
|
68949000 | |
CY2014 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
230000 | |
CY2014 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
34133000 | |
CY2014 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
-7148000 | |
CY2014 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
685000 | |
CY2014 | us-gaap |
Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
|
87454000 | |
CY2014 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
95273000 | |
CY2014 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
|
922000 | |
CY2014 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-8078000 | |
CY2014 | us-gaap |
Noninterest Income
NoninterestIncome
|
36009000 | |
CY2014 | us-gaap |
Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
|
13917000 | |
CY2014 | us-gaap |
Payments To Acquire Mortgage Servicing Rights Msr
PaymentsToAcquireMortgageServicingRightsMSR
|
46113000 | |
CY2014 | us-gaap |
Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
|
633707000 | |
CY2014 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
494000 | |
CY2014 | us-gaap |
Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
|
9917943000 | |
CY2014 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
32635000 | |
CY2014 | us-gaap |
Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
|
125482000 | |
CY2014 | us-gaap |
Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
|
47567000 | |
CY2014 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1407000 | |
CY2014 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
101313000 | |
CY2014 | us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
19362000 | |
CY2014 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
6934000 | |
CY2014 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-30325000 | |
CY2014 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
242070000 | |
CY2014 | us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
15478000 | |
CY2014 | us-gaap |
Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
|
1520000000 | |
CY2014 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
168654000 | |
CY2014 | us-gaap |
Net Income Loss
NetIncomeLoss
|
100569000 | |
CY2014 | us-gaap |
Interest Paid
InterestPaid
|
81350000 | |
CY2014 | us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
57685000 | |
CY2014 | us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
-23839000 | |
CY2014 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
11271000 | |
CY2014 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
15478000 | |
CY2014 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
7643000 | |
CY2014 | us-gaap |
Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
|
3352000 | |
CY2014 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
1781000 | |
CY2014 | us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
17528000 | |
CY2014 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
92491000 | |
CY2014 | us-gaap |
Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
|
494000 | |
CY2014 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
53670000 | |
CY2014 | us-gaap |
Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
|
15030000 | |
CY2014 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
9750000 | |
CY2014 | us-gaap |
Interest Expense
InterestExpense
|
87463000 | |
CY2014 | us-gaap |
Operating Expenses
OperatingExpenses
|
90123000 | |
CY2014 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
961000 | |
CY2014 | us-gaap |
Professional Fees
ProfessionalFees
|
5244000 | |
CY2014 | us-gaap |
Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
|
48000000 | |
CY2014 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
33698000 | |
CY2014 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
96529000 | |
CY2014 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
9652000 | |
CY2014 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
744000 | |
CY2014 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
740584000 | |
CY2014 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
3000000 | |
CY2014 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-164000 | |
CY2014 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest
|
4209000 | |
CY2014 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
|
261000 | |
CY2014 | us-gaap |
Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
|
30233000 | |
CY2014 | us-gaap |
Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
|
7000000 | |
CY2014 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
24000 | |
CY2014 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
513000 | |
CY2014 | us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
-2768000 | |
CY2014 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
9511000 | |
CY2014 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
8320982000 | |
CY2014 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
17000 | |
CY2014 | us-gaap |
Impairment Of Investments
ImpairmentOfInvestments
|
4774000 | |
CY2014 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1147078000 | |
CY2014 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
|
70000 | |
CY2014 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
41000 | |
CY2014 | us-gaap |
Interest Expense Long Term Debt
InterestExpenseLongTermDebt
|
30246000 | |
CY2014 | us-gaap |
Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
|
25990000 | |
CY2014 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
|
565000 | |
CY2014 | us-gaap |
Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
|
5000000 | |
CY2014 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
504754000 | |
CY2014 | us-gaap |
Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
|
2713000 | |
CY2014 | us-gaap |
Communications And Information Technology
CommunicationsAndInformationTechnology
|
14546000 | |
CY2014 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5011000 | |
CY2014 | us-gaap |
Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities
InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities
|
31227000 | |
CY2014 | us-gaap |
Other General Expense
OtherGeneralExpense
|
2237000 | |
CY2014 | us-gaap |
Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
|
8126249000 | |
CY2014 | us-gaap |
Severance Costs1
SeveranceCosts1
|
231000 | |
CY2014 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
11271000 | |
CY2014 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
703000 | |
CY2014 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
600000 | |
CY2014 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
95273000 | |
CY2014 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
10552000 | |
CY2014 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
9415000 | |
CY2014 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
770042000 | |
CY2014 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
364040000 | |
CY2014 | rwt |
Stock Issued During Period Value Dividend Reinvestment And Stock Purchase Plan
StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan
|
9017000 | |
CY2014 | rwt |
Debt Instrument Average Maturity Term
DebtInstrumentAverageMaturityTerm
|
P112D | |
CY2014 | rwt |
Other Market Valuation Adjustments
OtherMarketValuationAdjustments
|
-10146000 | |
CY2014 | rwt |
Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
|
-298000 | |
CY2014 | rwt |
Share Based Compensation Arrangement By Share Based Payment Award Award Holding Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardHoldingPeriod
|
P3Y | |
CY2014 | rwt |
Employee Stock Purchase Plan Number Of Shares Purchased By Employee
EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee
|
274318 | shares |
CY2014 | rwt |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost Forfeitures
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCostForfeitures
|
363000 | |
CY2014 | rwt |
Number Of Variable Interest Entities Acquired And Consolidated
NumberOfVariableInterestEntitiesAcquiredAndConsolidated
|
26 | Entity |
CY2014 | rwt |
Proceeds From Principal Repayments On Securities
ProceedsFromPrincipalRepaymentsOnSecurities
|
174241000 | |
CY2014 | rwt |
Employee Stock Purchase Plan Minimum Percentage Of Common Stock Fair Value Defined To Purchase Shares By Eligible Participants
EmployeeStockPurchasePlanMinimumPercentageOfCommonStockFairValueDefinedToPurchaseSharesByEligibleParticipants
|
0.85 | pure |
CY2014 | rwt |
Loan Transferred As Secured Borrowings Cash Proceeds
LoanTransferredAsSecuredBorrowingsCashProceeds
|
65048000 | |
CY2014 | rwt |
Loan Purchase Sale Commitment Valuations
LoanPurchaseSaleCommitmentValuations
|
13891000 | |
CY2014 | rwt |
Number Of Facilities
NumberOfFacilities
|
17 | Contract |
CY2014 | rwt |
Mortgage Banking Activities Derivative Instruments Net
MortgageBankingActivitiesDerivativeInstrumentsNet
|
-31167000 | |
CY2014 | rwt |
Other Market Valuation Adjustments Net
OtherMarketValuationAdjustmentsNet
|
-10146000 | |
CY2014 | rwt |
Provision For Loan Repurchases
ProvisionForLoanRepurchases
|
2000000 | |
CY2014 | rwt |
Prohibited Transaction Tax Rate
ProhibitedTransactionTaxRate
|
1.00 | pure |
CY2014 | rwt |
Total Net Change In Market Value Related To Mortgage Servicing Rights
TotalNetChangeInMarketValueRelatedToMortgageServicingRights
|
-21081000 | |
CY2014 | rwt |
Payments For Proceeds From Derivative Instrument Operating Activities
PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
|
-33220000 | |
CY2012 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
312000 | |
CY2012 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
133060000 | |
CY2012 | us-gaap |
Contractually Specified Servicing Fees Amount
ContractuallySpecifiedServicingFeesAmount
|
807000 | |
CY2012 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
4486000 | |
CY2012 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
231384000 | |
CY2014 | rwt |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Matured Called Written Down
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsMaturedCalledWrittenDown
|
2709000 | |
CY2014 | rwt |
Mortgage Banking Activities Market Valuation Adjustments Net
MortgageBankingActivitiesMarketValuationAdjustmentsNet
|
30929000 | |
CY2014 | rwt |
Other Assets And Other Liabilities Policy Textblock
OtherAssetsAndOtherLiabilitiesPolicyTextblock
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 14pt"> <b><i>Other Assets and Other Liabilities</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Other assets primarily consists of margin receivable, pledged collateral, guarantee asset, REO, fixed assets, and prepaid expenses.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <i>Fannie Mae Risk-Sharing – Other Assets and Liabilities</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> In the fourth quarter of 2014, we entered into our first risk-sharing arrangement with Fannie Mae. Under this arrangement we committed to absorb the first one percent of losses realized on a reference pool of recently originated residential mortgage loans that we acquired and then sold to Fannie Mae during the fourth quarter of 2014. During the 10 year term of the arrangement, we receive monthly cash payments from Fannie Mae based on the monthly outstanding unpaid principal balance of the reference pool of loans. Additionally, under this arrangement we are required to maintain collateral with a third party custodian sufficient to cover our maximum loss exposure throughout the term of the arrangement. To the extent approved losses are incurred, the custodian will transfer collateral to Fannie Mae.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 10pt; TEXT-INDENT: 4%"> As a result of this transaction we recorded “pledged collateral” and a “guarantee asset” in the other assets line item, and a “guarantee obligation” in the other liabilities line item, on our consolidated balance sheets.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 10pt; TEXT-INDENT: 4%"> Pledged collateral represents U.S. Treasury investments transferred to the custodian to serve as collateral under this arrangement. Although these assets are legally ours, our ability to withdraw and use them is contractually restricted.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 10pt; TEXT-INDENT: 4%"> The guarantee asset represents the estimated fair value of cash flows we are contractually entitled to receive under the risk-sharing arrangement. This guarantee asset represents a financial asset, for which we have elected the fair value option, and mark-to-market each quarter with the change in estimated fair value recorded in other market valuation adjustments on our consolidated statements of income. The monthly cash payments we receive from Fannie Mae are recorded in other income (expense) on our consolidated statements of income.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 10pt; TEXT-INDENT: 4%"> The guarantee obligation represents our commitment to absorb losses under the arrangement, which at inception was recorded at fair value based on the fair value of the guarantee asset. This guarantee obligation is amortized over the 10 year term of the arrangement based on changes in the outstanding unpaid principal balance of loans in the reference pool. In addition, we will establish and maintain a separate loss allowance related to this arrangement, based on our estimate of credit losses inherent in the reference pool of loans. To determine the loss allowance, we will assess inherent losses in the reference pool of loans by determining loss factors (defaults, the timing of defaults, and loss severities upon defaults). As of December 31, 2014, we determined a loss allowance was not required. We will evaluate the need for a loss allowance on an ongoing basis.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 14pt"> <i>REO</i></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> REO property acquired through, or in lieu of, foreclosure is initially recorded at fair value, and subsequently reported at the lower of its carrying amount or fair value (less estimated cost to sell). Changes in the fair value of an REO property that has a fair value at or below its carrying amount are recorded in our consolidated statements of income as a component of other market valuation adjustments. Margin receivable reflects cash collateral we have posted with various counterparties relating to our derivative and lending agreements with those counterparties, as applicable.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 9.5pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 10pt"> See <i>Note 11</i> for further discussion on other assets.</p> </div> | |
CY2014 | rwt |
Mortgage Servicing Rights Income Including Market Valuation Changes Of Ms Rs
MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
|
-4261000 | |
CY2014 | rwt |
Loan Transferred As Secured Borrowings Principal Balance
LoanTransferredAsSecuredBorrowingsPrincipalBalance
|
63375000 | |
CY2014 | rwt |
Mortgage Banking Activities Net
MortgageBankingActivitiesNet
|
34938000 | |
CY2014 | rwt |
Fixed Compensation Expense
FixedCompensationExpense
|
29057000 | |
CY2014 | rwt |
Variable Compensation Expense
VariableCompensationExpense
|
14632000 | |
CY2014 | rwt |
Mortgage Servicing Expense
MortgageServicingExpense
|
1834000 | |
CY2014 | rwt |
Provision For Mortgage Servicing Rights Repurchases
ProvisionForMortgageServicingRightsRepurchases
|
708000 | |
CY2012 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
3987000 | |
CY2012 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.59 | |
CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
0 | shares |
CY2012 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | |
CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
88763 | shares |
CY2012 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-563347000 | |
CY2012 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
4500 | shares |
CY2012 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
53.23 | |
CY2012 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
49.73 | |
CY2012 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
80673682 | shares |
CY2012 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.61 | |
CY2012 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0 | |
CY2012 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.00 | |
CY2012 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2012 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
79529950 | shares |
CY2012 | us-gaap |
Transfer Of Other Real Estate
TransferOfOtherRealEstate
|
8970000 | |
CY2012 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
683532000 | |
CY2012 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
1334479000 | |
CY2012 | us-gaap |
Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
|
107031000 | |
CY2012 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
110679000 | |
CY2012 | us-gaap |
Interest Income Other
InterestIncomeOther
|
70000 | |
CY2012 | us-gaap |
Interest And Fee Income Loans Consumer Real Estate
InterestAndFeeIncomeLoansConsumerRealEstate
|
82169000 | |
CY2012 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-200000 | |
CY2012 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
12803000 | |
CY2012 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
-1816000 | |
CY2012 | us-gaap |
Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
|
156344000 | |
CY2012 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
82278000 | |
CY2012 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsSecuritiesSold
|
10024000 | |
CY2012 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
151483000 | |
CY2012 | us-gaap |
Noninterest Income
NoninterestIncome
|
91662000 | |
CY2012 | us-gaap |
Available For Sale Securities Gross Realized Gain Loss Net
AvailableForSaleSecuritiesGrossRealizedGainLossNet
|
32451000 | |
CY2012 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
474000 | |
CY2012 | us-gaap |
Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
|
2335865000 | |
CY2012 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
131227000 | |
CY2012 | us-gaap |
Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
|
122386000 | |
CY2012 | us-gaap |
Interest And Fee Income Loans Commercial Real Estate
InterestAndFeeIncomeLoansCommercialRealEstate
|
26759000 | |
CY2012 | us-gaap |
Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
|
75790000 | |
CY2012 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
358720000 | |
CY2012 | us-gaap |
Net Income Loss
NetIncomeLoss
|
131769000 | |
CY2012 | us-gaap |
Interest Paid
InterestPaid
|
114908000 | |
CY2012 | us-gaap |
Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
|
-8762000 | |
CY2012 | us-gaap |
Increase Decrease In Trading Securities
IncreaseDecreaseInTradingSecurities
|
-11702000 | |
CY2012 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
9842000 | |
CY2012 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
54921000 | |
CY2012 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2298000 | |
CY2012 | us-gaap |
Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
|
23702000 | |
CY2012 | us-gaap |
Contractually Specified Servicing Fees Late Fees And Ancillary Fees Earned In Exchange For Servicing Financial Assets
ContractuallySpecifiedServicingFeesLateFeesAndAncillaryFeesEarnedInExchangeForServicingFinancialAssets
|
623000 | |
CY2012 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
283252000 | |
CY2012 | us-gaap |
Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
|
33909000 | |
CY2012 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
9784000 | |
CY2012 | us-gaap |
Interest Expense
InterestExpense
|
120705000 | |
CY2012 | us-gaap |
Operating Expenses
OperatingExpenses
|
65633000 | |
CY2012 | us-gaap |
Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
|
3648000 | |
CY2012 | us-gaap |
Professional Fees
ProfessionalFees
|
5197000 | |
CY2012 | us-gaap |
Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
|
7329000 | |
CY2012 | us-gaap |
Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
|
479000 | |
CY2012 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
44599000 | |
CY2012 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
24660000 | |
CY2012 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-186096000 | |
CY2012 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1291000 | |
CY2012 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
836432000 | |
CY2012 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
1000000 | |
CY2012 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-14821000 | |
CY2012 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterest
|
1027000 | |
CY2012 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
|
325000 | |
CY2012 | us-gaap |
Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
|
9904000 | |
CY2012 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
944000 | |
CY2012 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1873000 | |
CY2012 | us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
36509000 | |
CY2012 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
39062000 | |
CY2012 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
1458341000 | |
CY2012 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
347000 | |
CY2012 | us-gaap |
Impairment Of Investments
ImpairmentOfInvestments
|
3536000 | |
CY2012 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-459181000 | |
CY2012 | us-gaap |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
|
552000 | |
CY2012 | us-gaap |
Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
|
357742000 | |
CY2012 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
1291000 | |
CY2012 | us-gaap |
Interest Expense Long Term Debt
InterestExpenseLongTermDebt
|
9583000 | |
CY2012 | us-gaap |
Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
|
9390000 | |
CY2012 | us-gaap |
Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
|
2509000 | |
CY2012 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
174191000 | |
CY2012 | us-gaap |
Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
|
201461000 | |
CY2012 | us-gaap |
Available For Sale Securities Gross Realized Losses
AvailableForSaleSecuritiesGrossRealizedLosses
|
1600000 | |
CY2012 | us-gaap |
Communications And Information Technology
CommunicationsAndInformationTechnology
|
5339000 | |
CY2012 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3628000 | |
CY2012 | us-gaap |
Interest Expense Beneficial Interests Issued By Consolidated Variable Interest Entities
InterestExpenseBeneficialInterestsIssuedByConsolidatedVariableInterestEntities
|
101732000 | |
CY2012 | us-gaap |
Other General Expense
OtherGeneralExpense
|
2758000 | |
CY2012 | us-gaap |
Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
|
1696433000 | |
CY2012 | us-gaap |
Severance Costs1
SeveranceCosts1
|
215000 | |
CY2012 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
9842000 | |
CY2012 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
300000 | |
CY2012 | us-gaap |
Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
DerivativeInstrumentsLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortion
|
15000000 | |
CY2012 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
82278000 | |
CY2012 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
|
-1448000 | |
CY2012 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
4112000 | |
CY2012 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
573646000 | |
CY2012 | rwt |
Other Market Valuation Adjustments
OtherMarketValuationAdjustments
|
1539000 | |
CY2012 | rwt |
Market Valuation Adjustments Net
MarketValuationAdjustmentsNet
|
14976000 | |
CY2012 | rwt |
Proceeds From Principal Repayments On Securities
ProceedsFromPrincipalRepaymentsOnSecurities
|
218447000 | |
CY2012 | rwt |
Employee Stock Purchase Plan Number Of Shares Purchased By Employee
EmployeeStockPurchasePlanNumberOfSharesPurchasedByEmployee
|
207031 | shares |
CY2012 | rwt |
Stock Issued During Period Value Dividend Reinvestment And Stock Purchase Plan
StockIssuedDuringPeriodValueDividendReinvestmentAndStockPurchasePlan
|
38580000 | |
CY2012 | rwt |
Mortgage Banking Activities Derivative Instruments Net
MortgageBankingActivitiesDerivativeInstrumentsNet
|
-10609000 | |
CY2012 | rwt |
Other Market Valuation Adjustments Net
OtherMarketValuationAdjustmentsNet
|
1539000 | |
CY2012 | rwt |
Total Net Change In Market Value Related To Mortgage Servicing Rights
TotalNetChangeInMarketValueRelatedToMortgageServicingRights
|
-2014000 | |
CY2012 | rwt |
Payments For Proceeds From Derivative Instrument Operating Activities
PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
|
-22653000 | |
CY2012 | rwt |
Other Than Temporary Impairment Credit Losses Recognized In Earnings Matured Called Written Down
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsMaturedCalledWrittenDown
|
18127000 | |
CY2012 | rwt |
Mortgage Banking Activities Market Valuation Adjustments Net
MortgageBankingActivitiesMarketValuationAdjustmentsNet
|
15451000 | |
CY2012 | rwt |
Mortgage Servicing Rights Income Including Market Valuation Changes Of Ms Rs
MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
|
-1391000 | |
CY2012 | rwt |
Mortgage Banking Activities Net
MortgageBankingActivitiesNet
|
36593000 | |
CY2012 | rwt |
Fixed Compensation Expense
FixedCompensationExpense
|
17880000 | |
CY2012 | rwt |
Variable Compensation Expense
VariableCompensationExpense
|
16720000 | |
CY2012 | rwt |
Mortgage Servicing Expense
MortgageServicingExpense
|
184000 | |
CY2013Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.69 | |
CY2013Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.72 | |
CY2013Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.28 | |
CY2013Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
35223000 | |
CY2013Q1 | us-gaap |
Noninterest Income
NoninterestIncome
|
58522000 | |
CY2013Q1 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
53525000 | |
CY2013Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
60160000 | |
CY2013Q1 | us-gaap |
Interest Expense
InterestExpense
|
18302000 | |
CY2013Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
-20187000 | |
CY2013Q1 | us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
279000000 | |
CY2013Q1 | rwt |
Debt Instrument Maturity Year
DebtInstrumentMaturityYear
|
2018 | |
CY2013Q1 | rwt |
Debt Instrument Redemption Date
DebtInstrumentRedemptionDate
|
2018-04-15 | |
CY2014Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.14 | |
CY2014Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.14 | |
CY2014Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.28 | |
CY2014Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
36416000 | |
CY2014Q1 | us-gaap |
Noninterest Income
NoninterestIncome
|
-4671000 | |
CY2014Q1 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
55475000 | |
CY2014Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
12333000 | |
CY2014Q1 | us-gaap |
Interest Expense
InterestExpense
|
19059000 | |
CY2014Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
-19973000 | |
CY2013Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.71 | |
CY2013Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.78 | |
CY2013Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.28 | |
CY2013Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
36303000 | |
CY2013Q2 | us-gaap |
Noninterest Income
NoninterestIncome
|
53568000 | |
CY2013Q2 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
57719000 | |
CY2013Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
65573000 | |
CY2013Q2 | us-gaap |
Interest Expense
InterestExpense
|
21416000 | |
CY2013Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
-24430000 | |
CY2014Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.18 | |
CY2014Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.19 | |
CY2014Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.28 | |
CY2014Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
36842000 | |
CY2014Q2 | us-gaap |
Noninterest Income
NoninterestIncome
|
1475000 | |
CY2014Q2 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
57993000 | |
CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
16017000 | |
CY2014Q2 | us-gaap |
Interest Expense
InterestExpense
|
21151000 | |
CY2014Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
-22282000 | |
CY2013Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.25 | |
CY2013Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.26 | |
CY2013Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.28 | |
CY2013Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
35695000 | |
CY2013Q3 | us-gaap |
Noninterest Income
NoninterestIncome
|
5346000 | |
CY2013Q3 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
57420000 | |
CY2013Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
21929000 | |
CY2013Q3 | us-gaap |
Interest Expense
InterestExpense
|
21725000 | |
CY2013Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
-22320000 | |
CY2014Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.50 | |
CY2014Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.53 | |
CY2014Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.28 | |
CY2014Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
40001000 | |
CY2014Q3 | us-gaap |
Noninterest Income
NoninterestIncome
|
28519000 | |
CY2014Q3 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
63351000 | |
CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
45097000 | |
CY2014Q3 | us-gaap |
Interest Expense
InterestExpense
|
23350000 | |
CY2014Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
-21406000 | |
CY2013Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.29 | |
CY2013Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.30 | |
CY2013Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.28 | |
CY2013Q4 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
37964000 | |
CY2013Q4 | us-gaap |
Noninterest Income
NoninterestIncome
|
24918000 | |
CY2013Q4 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
57492000 | |
CY2013Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
25135000 | |
CY2013Q4 | us-gaap |
Interest Expense
InterestExpense
|
19528000 | |
CY2013Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
-19670000 | |
CY2014Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.31 | |
CY2014Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.32 | |
CY2014Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.28 | |
CY2014Q4 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
41348000 | |
CY2014Q4 | us-gaap |
Noninterest Income
NoninterestIncome
|
10686000 | |
CY2014Q4 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
65251000 | |
CY2014Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
27122000 | |
CY2014Q4 | us-gaap |
Interest Expense
InterestExpense
|
23903000 | |
CY2014Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
-26462000 |