v3.25.4
Income Taxes (Details) - USD ($)
$ / shares in Units, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Income Taxes [Abstract]            
Percentage of taxable income that must be distributed to qualify as a REIT 90.00%          
Components of Income Tax Expense (Benefit) [Abstract]            
Deferred federal income tax expense $ 1,940 $ 3,623 $ 280      
Deferred state income tax expense 257 479 243      
Provision for Corporate Business Taxes/Effective Tax Rate [1] 2,197 4,102 523      
Effective Income Tax Rate Reconciliation, Amount [Abstract]            
Computed income tax expense (benefit) at federal rate $ 1,919 $ 3,425 $ (7,336)      
Tax Jurisdiction of Domicile [Extensible Enumeration] country:US country:US country:US      
State and local income taxes, net of federal income tax effect [2] $ 197 $ 374 $ 229      
Nontaxable or nondeductible items            
REIT income not subject to tax expense (benefit) 80 302 7,630      
Other 1 1 0      
Provision for Corporate Business Taxes/Effective Tax Rate [1] $ 2,197 $ 4,102 $ 523      
Effective Income Tax Rate Reconciliation, Percent [Abstract]            
Computed income tax expense (benefit) at federal rate 21.00% 21.00% 21.00%      
State and local income taxes, net of federal income tax effect [2] 2.20% 2.30% (0.70%)      
Nontaxable or nondeductible items            
REIT income not subject to tax expense (benefit) 0.90% 1.90% (21.80%)      
Other 0.00% 0.00% 0.00%      
Other changes            
Provision for Corporate Business Taxes/Effective Tax Rate [1] 24.10% 25.20% (1.50%)      
Cash paid during the period for income taxes $ 49 $ 64 $ 56      
Deferred tax assets (liabilities) [Abstract]            
Deferred tax - mortgage servicing rights (11,580) (6,907)        
Deferred tax - net operating loss 20,303 17,828        
Total net deferred tax assets 8,723 $ 10,921        
Net operating loss carryforwards $ 87,700          
Distributions to Stockholders [Abstract]            
Dividend declared (in dollars per share) $ 0.55 [3] $ 0.6 [4] $ 0.84 [5]      
FY-2025 Annual Dividend [Member]            
Distributions to Stockholders [Abstract]            
Dividend declared (in dollars per share)       $ 0.1    
Dividends payable, date declared Dec. 31, 2025          
Dividend payable, date to be paid Jan. 31, 2026          
FY-2024 Annual Dividend [Member]            
Distributions to Stockholders [Abstract]            
Dividend declared (in dollars per share)         $ 0.15  
Dividends payable, date declared   Dec. 31, 2024        
Dividend payable, date to be paid   Jan. 31, 2025        
FY-2023 Annual Dividend [Member]            
Distributions to Stockholders [Abstract]            
Dividend declared (in dollars per share)           $ 0.15
Dividends payable, date declared     Dec. 31, 2023      
Dividend payable, date to be paid     Jan. 31, 2024      
Series A Preferred Stock [Member]            
Distributions to Stockholders [Abstract]            
Dividend declared (in dollars per share) $ 2.05 [6] $ 2.05 [7] $ 2.05 [8]      
Ordinary income 100.00% 100.00% 100.00%      
Long-term capital gain 0.00% 0.00% 0.00%      
Return of capital 0.00% 0.00% 0.00%      
Series A Preferred Stock [Member] | FY-2025 Annual Dividend [Member]            
Distributions to Stockholders [Abstract]            
Dividend declared (in dollars per share)       0.51    
Dividends payable, date declared Dec. 31, 2025          
Dividend payable, date to be paid Jan. 31, 2026          
Series A Preferred Stock [Member] | FY-2024 Annual Dividend [Member]            
Distributions to Stockholders [Abstract]            
Dividend declared (in dollars per share)         0.51  
Dividends payable, date declared   Dec. 31, 2024        
Dividend payable, date to be paid   Jan. 31, 2025        
Series A Preferred Stock [Member] | FY-2023 Annual Dividend [Member]            
Distributions to Stockholders [Abstract]            
Dividend declared (in dollars per share)           0.51
Dividends payable, date declared     Dec. 31, 2023      
Dividend payable, date to be paid     Jan. 31, 2024      
Series B Preferred Stock [Member]            
Distributions to Stockholders [Abstract]            
Dividend declared (in dollars per share) $ 2.6 [9] $ 2.46 [10] $ 2.06 [11]      
Ordinary income 100.00% 100.00% 100.00%      
Long-term capital gain 0.00% 0.00% 0.00%      
Return of capital 0.00% 0.00% 0.00%      
Series B Preferred Stock [Member] | FY-2025 Annual Dividend [Member]            
Distributions to Stockholders [Abstract]            
Dividend declared (in dollars per share)       $ 0.63    
Dividends payable, date declared Dec. 31, 2025          
Dividend payable, date to be paid Jan. 31, 2026          
Series B Preferred Stock [Member] | FY-2024 Annual Dividend [Member]            
Distributions to Stockholders [Abstract]            
Dividend declared (in dollars per share)         $ 0.67  
Dividends payable, date declared   Dec. 31, 2024        
Dividend payable, date to be paid   Jan. 31, 2025        
Series B Preferred Stock [Member] | FY-2023 Annual Dividend [Member]            
Distributions to Stockholders [Abstract]            
Dividend declared (in dollars per share)           $ 0.52
Dividends payable, date declared     Dec. 31, 2023      
Dividend payable, date to be paid     Jan. 31, 2024      
Common Stock [Member]            
Distributions to Stockholders [Abstract]            
Ordinary income 25.00% 50.00% 95.00%      
Long-term capital gain 0.00% 0.00% 0.00%      
Return of capital 75.00% 50.00% 5.00%      
[1] The provision for income taxes is recorded at the TRS level.
[2] The states that contribute to the majority (greater than 50%) of the tax effect in this category include California, Maryland and New York for 2025, 2024 and 2023, respectively.
[3] The entire $0.10 per share dividend declared in December 2025 and paid in January 2026 is treated as received by stockholders in 2026
[4] The entire $0.15 per share dividend declared in December 2024 and paid in January 2025 is treated as received by stockholders in 2025
[5] The entire $0.15 per share dividend declared in December 2023 and paid in January 2024 is treated as received by stockholders in 2024
[6] The entire $0.51 per share dividend declared in December 2025 and paid in January 2026 is treated as received by stockholders in 2026
[7] The entire $0.51 per share dividend declared in December 2024 and paid in January 2025 is treated as received by stockholders in 2025
[8] The entire $0.51 per share dividend declared in December 2023 and paid in January 2024 is treated as received by stockholders in 2024
[9] The entire $0.63 per share dividend declared in December 2025 and paid in January 2026 is treated as received by stockholders in 2026
[10] The entire $0.67 per share dividend declared in December 2024 and paid in January 2025 is treated as received by stockholders in 2025
[11] The entire $0.52 per share dividend declared in December 2023 and paid in January 2024 is treated as received by stockholders in 2024