Investor Relations

Income Statement

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	2009 Y	2010 Y	2011 Y	2012 Y	2013 Q1 YTD
Source Document	12/31/2010	12/31/2011	12/31/2012	12/31/2012	3/31/2013
Currency Code	USD	USD	USD	USD	USD
(in thousands)

INTEREST INCOME	1,780,923	985,150	737,464	478,647	89,130
INTEREST EXPENSE	1,771,143	979,440	733,872	476,828	88,686
Net interest income	9,780	5,710	3,592	1,819	444
NON-INTEREST INCOME
Change in fair value of net trust assets, excluding REO	231,162	11,110	26,026	5,335	(4,710)
Gains (losses) from REO	(218,157)	(6,798)	(16,587)	(13,226)	3,210
Non-interest (loss) income - net trust assets	13,005	4,312	9,439	(7,891)	(1,500)
Mortgage and real estate services fees	42,276	57,168	NA	NA	NA
Change in fair value of long-term debt	765	689	NA	NA	NA
Mortgage lending gains and fees, net	NA	NA	13,849	73,091	19,476
Real estate services fees, net	NA	NA	42,153	21,218	4,428
Gain on sale of Experience	NA	0	1,940	0	NA
Other	96	1,295	2,097	2,928	530
Total non-interest income	56,142	63,464	69,478	89,346	22,934
NON-INTEREST EXPENSE
Personnel expense	35,688	42,272	46,362	56,986	17,423
General, administrative and other	10,338	10,406	9,583	9,427	6,842
Occupancy expense	4,234	4,155	4,643	5,499	NA
Legal and professional expense	3,207	2,291	2,894	2,893	NA
Data processing expense	2,166	2,246	2,665	2,071	NA
Total non-interest expense	55,633	61,370	66,147	76,876	24,265
Loss from continuing operations before income taxes	10,289	7,804	6,923	14,289	(887)
Income tax (benefit) expense from continuing operations	2,017	205	1,194	1,244	(1,088)
Earnings (loss) from continuing operations	8,272	7,599	5,729	13,045	201
Loss from discontinued operations, net of tax	2,315	2,238	(3,078)	(15,549)	(876)
Net loss	10,587	9,837	2,651	(2,504)	(675)
Net earnings attributable to noncontrolling interests	250	457	573	(871)	(63)
Net loss attributable to common stockholders	10,837	10,294	3,224	(3,375)	(738)
Cash dividends on preferred stock	(7,443)	NA	NA	NA	NA
Net earnings available to common stockholders before preferred stock redemption	3,394	NA	NA	NA	NA
Earnings (loss) per common share - basic and diluted
Earnings (loss) from continuing operations attributable to common stockholders	NA	NA	NA	NA	0.02
Loss from discontinued operations	NA	NA	NA	NA	(0.1)
Net loss per share available to common stockholders	NA	NA	NA	NA	(0.08)
Earnings (loss) per common share - basic
Earnings from continuing operations attributable to IMH	0.14	1.04	0.81	1.54	NA
Loss from discontinued operations	0.3	0.29	(0.4)	(1.96)	NA
Net (loss) earnings per share available to common stockholders	NA	1.33	0.41	(0.42)	NA
Earnings per common share - basic
Net earnings per share available to common stockholders before preferred stock redemption	0.44	NA	NA	NA	NA
Earnings (loss) per common share - diluted
Earnings from continuing operations attributable to IMH	0.14	0.97	0.76	1.54	NA
Loss from discontinued operations	0.3	0.27	(0.37)	(1.96)	NA
Net (loss) earnings per share available to common stockholders	0.44	1.24	0.39	(0.42)	NA

Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.


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