New York Mortgage Trust Reports Second Quarter 2016 Results

Facebooktwittergoogle_pluspinterestby feather

The following tables set forth our allocated capital by investment type and the related weighted average yield on interest earning assets, average cost of funds and portfolio net interest margin for the periods indicated (dollar amounts in thousands):

                           
   Agency

RMBS

   Agency IOs    Multi-

Family

   Distressed

Residential

   Residential

Securitized

Loans

   Other    Total
At June 30, 2016                          
Carrying value $ 507,294     $ 114,007     $ 519,341     $ 655,968     $ 106,173     $ 24,015     $ 1,926,798  
Net capital allocated $ 69,961     $ 92,471     $ 431,084     $ 256,619     $ 4,320     $ 12,588     $ 867,043  
Three Months Ended June 30, 2016                          
Average interest earning assets $ 522,651     $ 132,453     $ 315,531     $ 595,455     $ 116,258     $ 9,196     $ 1,691,544  
Weighted average yield on interest earning

assets

1.62 %   8.18 %   12.35 %   6.11 %   2.58 %   5.39 %   5.80 %
Less: Average cost of funds (0.71 )%   (2.51 )%   (6.73 )%   (3.90 )%   (1.13 )%       (2.59 )%
Portfolio net interest margin 0.91 %   5.67 %   5.62 %   2.21 %   1.45 %   5.39 %   3.21 %
                           
At March 31, 2016                          
Carrying value $ 531,572     $ 188,251     $ 473,745     $ 555,233     $ 113,186     $ 18,899     $ 1,880,886  
Net capital allocated $ 78,387     $ 101,895     $ 383,733     $ 350,150     $ 4,295     $ (43,452 )   $ 875,008  
Three Months Ended March 31, 2016                          
Average interest earning assets $ 573,605     $ 137,546     $ 286,051     $ 563,001     $ 121,152     $ 5,420     $ 1,686,775  
Weighted average yield on interest earning

assets

1.71 %   10.58 %   12.09 %   6.30 %   2.46 %   5.83 %   5.79 %
Less: Average cost of funds (0.95 )%   (2.48 )%   (7.29 )%   (4.18 )%   (1.05 )%       (2.46 )%
Portfolio net interest margin 0.76 %   8.10 %   4.80 %   2.12 %   1.41 %   5.83 %   3.33 %
                           
At December 31, 2015                          
Carrying value $ 547,745     $ 175,408     $ 450,228     $ 562,303     $ 119,921     $ 15,184     $ 1,870,789  
Net capital allocated $ 76,277     $ 108,333     $ 364,697     $ 328,037     $ 4,398     $ (1,216 )   $ 880,526  
Three Months Ended December 31, 2015                          
Average interest earning assets $ 593,905     $ 135,430     $ 281,334     $ 545,504     $ 133,721     $ 2,788     $ 1,692,682  
Weighted average yield on interest earning

assets

1.67 %   9.40 %   12.19 %   5.41 %   2.17 %   4.02 %   5.29 %
Less: Average cost of funds (0.90 )%   (1.30 )%   (7.12 )%   (4.22 )%   (0.80 )%       (2.25 )%
Portfolio net interest margin 0.77 %   8.10 %   5.07 %   1.19 %   1.37 %   4.02 %   3.04 %
                           
At September 30, 2015                          
Carrying value $ 596,238     $ 135,373     $ 446,659     $ 512,760     $ 132,882     $ 5,842     $ 1,829,754  
Net capital allocated $ 106,668     $ 107,812     $ 362,959     $ 296,406     $ 4,800     $ 32,003     $ 910,648  
Three Months Ended September 30, 2015                          
Average interest earning assets $ 610,301     $ 134,765     $ 264,935     $ 591,792     $ 141,400     $ 2,488     $ 1,745,681  
Weighted average yield on interest earning

assets

1.58 %   6.89 %   12.18 %   7.80 %   2.33 %   4.82 %   5.77 %
Less: Average cost of funds (0.88 )%   (1.29 )%   (7.06 )%   (3.94 )%   (0.64 )%       (2.23 )%
Portfolio net interest margin 0.70 %   5.60 %   5.12 %   3.86 %   1.69 %   4.82 %   3.54 %
                           
At June 30, 2015                          
Carrying value $ 609,047     $ 124,553     $ 445,222     $ 584,986     $ 137,440     $ 5,951     $ 1,907,199  
Net capital allocated $ 100,888     $ 110,564     $ 363,679     $ 269,152     $ 5,130     $ 62,036     $ 911,449  
Three Months Ended June 30, 2015                          
Average interest earning assets $ 633,024     $ 128,086     $ 263,415     $ 577,674     $ 145,667     $ 32,906     $ 1,780,772  
Weighted average yield on interest earning

assets

1.79 %   7.31 %   11.91 %   7.17 %   2.37 %   38.61 %   6.16 %
Less: Average cost of funds (0.87 )%   (1.27 )%   (7.13 )%   (4.00 )%   (0.64 )%       (2.25 )%
Portfolio net interest margin 0.92 %   6.04 %   4.78 %   3.17 %   1.73 %   38.61 %   3.91 %
For Further InformationCONTACT: AT THE COMPANYKristine R. NarioChief Financial OfficerPhone: (646) 216-2363Email: knario@nymtrust.com

Comments

comments

Call and receive expert consulting or click below for quote
Button linked to quote page for commercial insurance quote