Bimini Capital Management (BMNM) 10-K 8 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 08, 2017	Jun. 30, 2016
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Registrant Name	Bimini Capital Management, Inc.
Entity Central Index Key	1,275,477
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Well Known Seasoned Issuer	No
Entity Public Float			$ 12,000,000
Trading Symbol	BMNM
Class A Common Stock [Member]
Entity Common Stock Shares Outstanding		12,631,627
Class B Common Stock [Member]
Entity Common Stock Shares Outstanding		31,938
Class C Common Stock [Member]
Entity Common Stock Shares Outstanding		31,938

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Mortgage-backed securities, at fair value
Pledged to counterparties	$ 129,582,386	$ 81,192,199
Unpledged	719,603	2,796,200
Total mortgage-backed securities	130,301,989	83,988,399
Cash and cash equivalents	4,429,459	6,310,683
Restricted cash	1,221,978	401,800
Orchid Island Capital, Inc. common stock, at fair value	15,108,240	13,852,707
Retained interests in securitizations	1,113,736	1,124,278
Accrued interest receivable	512,760	351,049
Property and equipment, net	3,407,040	3,492,612
Deferred tax assets, net	63,833,063	64,832,242
Other assets	2,942,139	2,701,655
Total Assets	222,870,404	177,055,425
Liabilities
Repurchase agreements	121,827,586	77,234,249
Junior subordinated notes due to Bimini Capital Trust II	26,804,440	26,804,440
Payable for unsettled securities purchased	0	1,859,277
Accrued interest payable	114,199	83,957
Other Liabilities	1,977,281	2,533,442
Total Liabilities	150,723,506	108,515,365
Stockholders' Equity
Preferred stock	0	0
Common stock	12,696	12,437
Additional paid in capital	334,850,838	334,630,263
Accumulated deficit	(262,716,636)	(266,102,640)
Stockholders Equity	72,146,898	68,540,060
Total Liabilities and Stockholders' Equity	$ 222,870,404	$ 177,055,425

Balance Sheet Parentheticals

Balance Sheet Parentheticals - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Class of Stock [Line Items]
Preferred Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Shares Authorized	10,000,000	10,000,000
Preferred Shares Issued	0	0
Preferred Shares Outstanding	0	0
Preferred Stock Value	$ 0	$ 0
Common Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock Shares Authorized	100,000,000	100,000,000
Common Stock Value Outstanding	$ 12,696	$ 12,437
Class A Common Stock [Member]
Class of Stock [Line Items]
Common Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock Shares Authorized	98,000,000	98,000,000
Common Stock Shares Issued	12,631,627	12,373,294
Common Stock Shares Outstanding	12,631,627	12,373,294
Common Stock Value Outstanding	$ 12,632	$ 12,373
Class B Common Stock [Member]
Class of Stock [Line Items]
Common Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock Shares Authorized	1,000,000	1,000,000
Common Stock Shares Issued	31,938	31,938
Common Stock Shares Outstanding	31,938	31,938
Common Stock Value Outstanding	$ 32	$ 32
Class C Common Stock [Member]
Class of Stock [Line Items]
Common Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock Shares Authorized	1,000,000	1,000,000
Common Stock Shares Issued	31,938	31,938
Common Stock Shares Outstanding	31,938	31,938
Common Stock Value Outstanding	$ 32	$ 32
Preferred Undesignated [Member]
Class of Stock [Line Items]
Preferred Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Shares Authorized	9,900,000	6,200,000
Preferred Shares Issued	0	0
Preferred Shares Outstanding	0	0
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock Par Or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Shares Authorized	100,000	0
Preferred Shares Issued	0	0
Preferred Shares Outstanding	0	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Portfolio Income
Interest income	$ 4,235,081	$ 4,312,063
Interest expense	747,374	425,107
Net interest income, before interest on junior subordinated notes	3,487,707	3,886,956
Interest expense on junior subordinated notes	1,108,610	997,812
Net interest income	2,379,097	2,889,144
Unrealized (losses) gains on mortgage-backed securities	(3,785,939)	(1,944,186)
Realized gains on mortgage-backed securities	179,667	(78,850)
(Losses) gains on derivative instruments	(15,638)	(1,376,963)
Net portfolio income (loss)	(1,242,813)	(510,855)
Other income:
Gains on retained interests in securitizations	2,425,190	2,962,158
Unrealized losses on Orchid Island Capital, Inc. common stock	1,255,533	(2,960,771)
Orchid Island Capital, Inc. dividends	2,343,660	1,894,480
Advisory services	5,488,691	5,041,692
Other expense, net	1,125	53,172
Total other income	11,514,199	6,990,731
Expenses
Compensation and related benefits	3,324,955	2,907,186
Directors fees and liability insurance	621,873	669,944
Audit, legal and other professional fees	599,243	1,624,822
Settlement of litigation	0	3,500,000
Other administrative expenses	1,197,593	996,886
Total expenses	5,743,664	9,698,838
Net (loss) income before income tax provision (benefit)	4,527,722	(3,218,962)
Income tax provision (benefit)	1,141,718	(62,449,791)
Net (loss) income	$ 3,386,004	$ 59,230,829
Class A Common Stock [Member]
Basic and Diluted Net (Loss) Income Per Share of:
Basic	$ 0.27	$ 4.77
Diluted	$ 0.27	$ 4.77
Weighted Average Shares Outstanding
Weighted Average Number Of Basic Shares Outstanding	12,698,122	12,385,938
Weighted Average Number Of Diluted Shares Outstanding	12,698,122	12,385,938
Class B Common Stock [Member]
Basic and Diluted Net (Loss) Income Per Share of:
Basic	$ 0.27	$ 4.77
Diluted	$ 0.27	$ 4.77
Weighted Average Shares Outstanding
Weighted Average Number Of Basic Shares Outstanding	31,938	31,938
Weighted Average Number Of Diluted Shares Outstanding	31,938	31,938

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity	USD ($)
Beginning Balances at Dec. 31, 2014	$ 9,201,769
Increase (Decrease) in Stockholders' Equity
Net income	59,230,829
Issuance of Class A common shares for equity plan exercises	88,235
Amortization of equity plan compensation	19,227
Ending Balances at Dec. 31, 2015	68,540,060
Increase (Decrease) in Stockholders' Equity
Net income	3,386,004
Issuance of Class A common shares for equity plan exercises	193,750
Amortization of equity plan compensation	27,084
Ending Balances at Dec. 31, 2016	$ 72,146,898

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ 3,386,004	$ 59,230,829
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Stock based compensation	220,834	107,462
Depreciation	85,572	91,991
Deferred income tax provision (benefit)	999,179	(62,932,178)
Losses (gains) on mortgage-backed securities	3,606,272	2,023,036
Gains on retained interests in securitizations	(2,425,190)	(2,962,158)
Unrealized losses on Orchid Island Capital, Inc. common stock	1,255,533	(2,960,771)
Changes in operating assets and liabilities
Accrued interest receivable	(161,711)	109,277
Other assets	(240,484)	258,387
Accrued interest payable	30,242	(10,440)
Other liabilities	(556,161)	1,718,845
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	3,689,024	595,822
From mortgage-backed securities investments
Purchases	(136,092,749)	(26,396,648)
Sales	73,061,443	37,545,348
Principal repayments	13,111,444	20,670,897
Payments received on retained interests in securitizations	2,435,732	3,737,564
Increase in restricted cash	(820,178)	331,860
Purchases of Orchid Island Capital, Inc. common stock	1,859,277	2,143,473
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(50,163,585)	33,745,548
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from repurchase agreements	1,041,580,945	1,010,947,179
Principal payments on repurchase agreements	(996,987,608)	(1,043,676,925)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	44,593,337	(32,729,746)
NET INCREASE IN CASH AND CASH EQUIVALENTS	(1,881,224)	1,611,624
CASH AND CASH EQUIVALENTS, beginning of the period	6,310,683	4,699,059
CASH AND CASH EQUIVALENTS, end of the period	4,429,459	6,310,683
Cash paid during the period for:
Interest	1,825,742	1,433,359
Income Taxes	540,627	137,001
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Securities acquisitions settled in later period	$ 0	$ 1,859,277

Organization and Significant Ac

Organization and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Organization and Significant Accounting Policies	NOTE 1 . ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES Organization and Business Description Bimini Capital Management, Inc., a Maryland corporation (“Bimini Capital”), was formed in September 2003 for the purpose of creating and managing a leveraged investment portfolio consisting of residential mortgage-backed securities (“MBS”). In addition, the Company manages an MBS portfolio for Orchid Island Capital, Inc. ("Orchid ") and receives fees for providing these services. Consolidation The accompanying consolidated financial statements include the accounts of Bimini Capital, its wholly-owned subsidiaries , Bimini Advisors Holdings, LLC (formerly known as Bimini Advisors, Inc.) and Royal Palm Capital, LLC (formerly known as MortCo TRS, LLC). Bimini Advisors Holdings, LLC and its wholly-owned subsidiary, Bimini Advisors, LLC are collectively referred to as "Bimini Advisors." Royal Palm Capital, LLC and its wholly-owned subsidiaries are collectively referred to as "Royal Palm." All inter-company accounts and transactions have been eliminated from the consolidated financial statements. Financial Accounting Standards Board (the "FASB") Accounting Standards Codification ("ASC") Topic 810, Consolidation, requires the consolidation of a variable interest entity ("VIE") by an enterprise if it is deemed the primary beneficiary of the VIE. Further, ASC 810 require s a qualitative assessment to determine the primary beneficiary of a VIE, an ongoing assessment of whether an enterprise is the primary beneficiary of a VIE, and additional disclosures for entities that have variable interests in VIEs. As further described in Note 10, Bimini Capital has a common share investment in a trust used in connection with the issuance of Bimini Capital's junior subordinated notes. Pursuant to ASC 810, management has concluded that, while the trust is a VIE, Bimini Capital's commo n share investment in the trust is not a variable interest. Therefore, the trust has not been consolidated in the financial statements of Bimini Capital, and accordingly, this investment has been accounted for on the equity method. Basis of Presentation The accompanying consolidated financial statements are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States (“GAAP”). In the opinion of management, all adjustments considered necessar y for a fair presentation of the Company's consolidated financial position, results of operations and cash flows have been included and are of a normal and recurring nature. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates affecting the accompanying consolidated financial statements include the fair values of MBS, investment in Orchid common shares, derivatives , retained int erests and asset valuation allowances and the level of deferred tax asset allowances recorded for each accounting period . Statement of Comprehensive Income In accordance with ASC Topic 220, Comprehensive Income , a statement of comprehensive income has no t been included as the Company has no items of other comprehensive income . Comprehensive income is the same as net income for all periods presented. Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents include cash on deposit with fin ancial institutions and highly liquid investments with original maturities of three months or less at the time of purchase . Restricted cash includes cash pledged as collateral for repurchase agreements and derivative instruments. The Company maintains cash balances at several banks, and , at times, these balances may exceed federally insured limits. The Company has not experienced any losses related to these balances. The Federal Deposit Insurance Corporation insures eligible accounts up to $250,000 per depositor at each financial institution. At December 31, 2016 , the Company’s cash deposits exceeded federally insured limits by approximately $3.0 million. Restricted cash balances are uninsured, but are held in separate customer accounts that are segr egated from the general funds of the counterparty. The Company limits uninsured balances to only large, well-known banks and derivative counterparties and believes that it is not exposed to significant credit risk on cash and cash equivalents or restricte d cash balances. Mortgage-Backed Securities The Company invests primarily in mortgage pass-through (“PT”) certificates, collateralized mortgage obligations, and interest-only (“IO”) securities and inverse interest-only (“IIO”) securities representing interest in or obligations backed by pools of mortgage-backed loans. T he Company has elected to account for its investment in MBS under the fair value option. Electing the fair value option requires the Company to record changes in fair value in the conso lidated statement of operations, which, in management’s view, more appropriately reflects the results of our operations for a particular reporting period and is consistent with the underlying economics and how the portfolio is managed. The Company records MBS transactions on the trade date. Security purchases that have not settled as of the balance sheet date are included in the MBS balance with an offsetting liability recorded, whereas securities sold that have not settled as of the balance sheet date ar e removed from the MBS balance with an offsetting receivable recorded. The fair value of the Company’s investment in MBS is governed by ASC Topic 820, Fair Value Measurement . The definition of fair value in ASC Topic 820 focuses on the price that would b e received to sell the asset or paid to transfer the liability in an orderly transaction between market participants at the measurement date. The fair value measurement assumes that the transaction to sell the asset or transfer the liability either occurs in the principal market for the asset or liability, or in the absence of a principal market, occurs in the most advantageous market for the asset or liability. Estimated fair values for MBS are based on independent pricing sources and/or third party broke r quotes, when available. Income on PT MBS is based on the stated interest rate of the security. Premiums or discounts present at the date of purchase are not amortized. Premium lost and discount accretion resulting from monthly principal repayments are reflected in unrealized gains (losses) on MBS in the c onsolidated s tatement s of o peration s . For IO securities, the income is accrued based on the carrying value and the effective yield. The difference between income accrued and the interest received on t he security is characterized as a return of investment and serves to reduce the asset’s carrying value. At each reporting date, the effective yield is adjusted prospectively from the reporting period based on the new estimate of prepayments and the contrac tual terms of the security. For IIO securities, effective yield and income recognition calculations also take into account the index value applicable to the security. Changes in fair value of MBS during each reporting period are recorded in earnings and reported as unrealized gains or losses on mortgage-backed securities in the accompanying consolidated statements of operations. The amount reported as unrealized gains or losses on mortgage backed securities thus captures the net effect of changes in the f air market value of securities caused by market developments and any premium or discount lost as a result of principal repayments during the period. Orchid Island Capital, Inc. Common Stock The Company has elected the fair value option for its investment in Orchid common shares. The change in the fair value of this investment and dividends received on this investment are reflected in other income in the consolidated statements of operations for the year ended December 31, 2016 . We estimate the fair value of o ur investment in Orchid on a market approach using “Level 1” inputs based on the quoted market price of Orchid’s common stock on a national stock exchange. Electing the fair value option requires the Company to record changes in fair value in the consolida ted statements of operations, which, in management’s view, more appropriately reflects the results of our operations for a particular reporting period and is consistent with how the investment is managed. Advisory Services Orchid is externally managed an d advised by Bimini Advisors pursuant to the terms of a management agreement. Under the terms of the management agreement, Orchid is obligated to pay Bimini Advisors a monthly management fee and a pro rata portion of certain overhead costs and to reimburse the Company for any direct expenses incurred on its behalf. Retained Interests in Securitizations Retained interests in the subordinated tranches of securities created in securitization transactions were initially recorded at their fair value when issued by Royal Palm . Subsequent adjustments to fair value are reflected in earnings. Quoted market prices for these assets are generally not available, so the Company estimates fair value based on the present value of expected future cash flows using management’s best estimates of key assumptions, which include expected credit losses, prepayment speeds, weigh ted-average life, and discount rates commensurate with the inherent risks of the asset. Derivative Financial Instruments The Company uses derivative instruments to manage interest rate risk, facilitate asset/liability strategies and manage other exposure s, and it may continue to do so in the future. The principal instruments that the Company has used to date are T-Note and Eurodollar futures contracts , but the Company may enter into other derivatives in the future. The Company has elected not to treat an y of its derivative financial instruments as hedges in order to align the accounting treatment of its derivative instruments with the treatment of its portfolio assets under the fair value option election. FASB ASC Topic 815, Derivatives and Hedging , requi res that all derivative instruments be carried at fair value. Changes in fair value are recorded in earnings for each period. Holding derivatives creates exposure to credit risk related to the potential for failure on the part of counterparties to honor their commitments. In addition, the Company may be required to post collateral based on any declines in the market value of the derivatives. In the event of default by a counterparty, the Company may have difficulty recovering its collateral and may not receive payments provided for under the terms of the agreement. To mitigate this risk, the Company uses only well-established commercial banks as counterparties. Financial Instruments ASC Topic 825, Financial Instruments , requires disclosure of the fair value of financial instruments for which it is practicable to estimate that value, either in the body of the financial statements or in the accompanying notes. MBS, Orchid common stock, Eurodollar futures contracts, interest rate swaptions and retained in terests in securitization transactions are accounted for at fair value in the consolidated balance sheets. The methods and assumptions used to estimate fair value for these instruments are presented in Note 16 of the consolidated financial statements. T he estimated fair value of cash and cash equivalents, restricted cash, accrued interest receivable, other assets, repurchase agreements, payable for unsettled securities purchased, accrued interest payable and other liabilities generally approximates their carrying value as of December 31, 2016 and December 31, 2015 , due to the short-term nature of these financial instruments. It is impractical to estimate the fair value of the Company’s junior subordinated notes. Currently, there is a limited market for th ese types of instruments and the Company is unable to ascertain what interest rates would be available to the Company for similar financial instruments. Information regarding carrying amount and effective interest rate for these instruments is presented in Note 10 to the consolidated financial statements. Property and Equipment, net Property and equipment, net, consists of computer equipment with a depreciable life of 3 years, office furniture and equipment with depreciable lives of 8 to 20 years, land which has no depreciable life, and buildings and improvements with depreciable lives of 30 years. Property and equipment is recorded at acquisition cost and depreciated using the straight-line method over the estimated useful lives of the assets. Repurchase Agreements The Company finances the acquisition of the majority of its PT MBS through the use of repurchase agreements under master repurchase agreements. Pursuant to ASC Topic 860, Transfers and Servicing , the Company accounts for rep urchase transactions as collateralized financing transactions, which are carried at their contractual amounts, including accrued interest, as specified in the respective agreements. Share-Based Compensation The Company follows the provisions of ASC Topic 718, Compensation – Stock Compensation , to account for stock and stock-based awards. For stock and stock-based awards issued to employees, a compensation charge is recorded against earnings over the vesting period based on the fair value of the award. Payments pursuant to dividend equivalent rights, which are granted along with certain equity based awards, are charged to stockholders’ equity when dividends are decl ared. The Company applies a zero forfeiture rate for its equity based awards, as such awards have been granted to a limited number of employees and historical forfeitures have been minimal. A significant forfeiture, or an indication that significant forf eitures may occur, would result in a revised forfeiture rate which would be accounted for prospectively as a change in an estimate. For transactions with non-employees in which services are performed in exchange for the Company’s common stock or other equi ty instruments, the transactions are recorded on the basis of the fair value of the service received or the fair value of the equity instruments issued, whichever is more readily measurable at the date of issuance . Earnings Per Share The Company follows the provisions of ASC Topic 260, Earnings Per Share , which requires companies with complex capital structures, common stock equivalents or two (or more) classes of securities that participate in dividend distributions to present both basic and diluted earn ings per share (“EPS”) on the face of the consolidated statement of operations. Basic EPS is calculated as income available to common stockholders divided by the weighted average number of common shares outstanding during the period. Dilut ed EPS is calcula ted using the treasury stock or two-class method, as applicable for common stock equivalents. However, the common stock equivalents are not included in computing diluted EPS if the result is anti-dilutive. Outstanding shares of Class B Common Stock, parti cipating and convertible into Class A Common Stock, are entitled to receive dividends in an amount equal to the dividends declared on each share of Class A Common Stock if, as and when authorized and declared by the Board of Directors. Accordingly, shares of the Class B Common Stock are included in the computation of basic EPS using the two-class method and, consequently, are presented separately from Class A Common Stock. The shares of Class C Common Stock are not included in the basic EPS computation as these shares do not have participation rights. The outstanding shares of Class B and Class C Common Stock are not included in the computation of diluted EPS for the Class A Common Stock as the conditions for conversion into shares of Class A Common Stock w ere not met. Income Taxes For the calendar year ended December 31, 2015, Bimini Capital, Bimini Advisors , Inc. and Royal Palm were separate taxpaying entities for income tax purposes and filed separate Federal income tax returns. Bimini Advisors , Inc. r emained a separate tax paying entity through January 31, 2016; on that date, Bimini Advisors , Inc. was reorganized (as Bimini Advisors Holdings, LLC) to be a n LLC wholly-owned by Bimini Capital. Beginning with the tax period starting on February 1, 2016, Bimini Capital and Bimini Advisors are combined as a single tax paying entity. Royal Palm continues to be treated as a separate tax paying entity for the year ending December 31, 2016. Income taxes are provided for using the asset and liability method. Deferred tax assets and liabilities represent the differences between the financial statement and income tax bases of assets and liabilities using enacted tax rates. The measurement of net deferred tax assets is adjusted by a valuation allowance if, based on the Company’s evaluation, it is more likely than not that they will not be realized. The Company’s U.S. federal income tax returns for years ended on or a fter December 31, 201 3 remain open for examination. Although management believes its calculations for tax returns are correct and the positions taken thereon are reasonable, the final outcome of tax audits could be materially different from the tax returns filed by the Company, and those differences could result in significant costs or benefits to the Company. The Company measures, recognizes and presents its uncertain tax positions in accordance with ASC Topic 740, Income Taxes . Under that guidance, the Company assesses the likelihood, based on their technical merit, that tax positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. The measurement of un certain tax positions is adjusted when new information is available, or when an event occurs that requires a change. The Company recognizes tax positions in the financial statements only when it is more likely than not that the position will be sustained u pon examination by the relevant taxing authority based on the technical merits of the position. A position that meets this standard is measured at the largest amount of benefit that will more likely than not be realized upon settlement. The difference betw een the benefit recognized and the tax benefit claimed on a tax return is referred to as an unrecognized tax benefit and is recorded as a liability in the consolidated balance sheets . The C ompany records income tax-related interest and penalties, if applicable, within the income tax provision. Reclassifications Certain prior period amounts have been reclassified to conform to current period presentations. Recent Accounting Pronouncements In Nov ember 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-18, Statement of Cash Flows – (Topic 230): Restricted Cash. ASU 2016-18 requires that restricted cash and restricted cash equivalents be included as components of total cash and cash equi valents as presented on the statement of cash flows. ASU 2016-18 is effective for fiscal years, and for interim periods within those years, beginning after December 15, 2017. Early application is permitted. The Company currently presents net changes in r estricted cash as a component of investing activities; therefore, the application of this ASU will represent a change in the Company’s consolidated cash flow presentation. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows – (Topic 230): Classification of Certain Cash Receipts and Cash Payments. ASU 2016-15 addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. ASU 2016-15 is effective for fiscal years, and for interim periods within t hose years, beginning after December 15, 2017. Early application is permitted. The Company is currently evaluating the potential effect of this ASU on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instrument s – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 requires credit losses on most financial assets measured at amortized cost and certain other instruments to be measured using an expected credit loss model (r eferred to as the current expected credit loss (CECL) model). ASU 2016-13 is effective for fiscal years, and for interim periods within those years, beginning after December 15, 2019. Early application is permitted for fiscal periods beginning after Decem ber 15, 2018. The Company is currently evaluating the potential effect of this ASU on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01 provides guidance for the recognition, measurement, presentation and disclosure of financial assets and financial liabilities. ASU 2016-01 is effective for fiscal yea rs, and for interim periods within those years, beginning after December 15, 2017 and, for most provisions, is effective using the cumulative-effect transition approach. Early application is permitted for certain provisions. The Company is currently eval uating the potential effect of this ASU on its consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes . ASU 2015-17 requires that all deferred tax liabiliti es and tax assets be classified as non-current in a classified balance sheet, rather than separating such deferred taxes into current and non-current amounts, as is required under current guidance. ASU 2015-17 is effective for fiscal years, and for interi m periods within those years, beginning after December 15, 2016 and may be applied either prospectively or retrospectively. The ASU is not expected to materially impact the Company’s consolidated financial statements. In June 2014, the FASB issued ASU 201 4-12, Compensation-Stock Compensation: Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period . ASU 2014-12 requires that performance targets that affect vesting and that could be achieved after the requisite service period be treated as performance conditions. ASU 2014-12 was effective for interim and annual reporting periods beginning after December 15, 2015. The adoption of this ASU did not have a m aterial impact on the Company’s consolidated financial statements.

Mortgage Backed Securities

Mortgage Backed Securities	12 Months Ended
	Dec. 31, 2016
Mortgage Backed Securities [Abstract]
Mortgage-Backed Securities	The following table presents the Company’s MBS portfolio as of December 31, 2016 and 2015 : (in thousands) 2016 2015 Pass-Through MBS: Fixed-rate Mortgages $ 124,299 $ 79,170 Hybrid Adjustable-rate Mortgages - 118 Total Pass-Through MBS 124,299 79,288 Structured MBS: Interest-Only Securities 2,654 2,554 Inverse Interest-Only Securities 3,349 2,146 Total Structured MBS 6,003 4,700 Total $ 130,302 $ 83,988 The following table summarizes the Company’s MBS portfolio as of December 31, 2016 and 2015 , according to the contractual maturities of the securities in the portfolio . Actual maturities of MBS investments are generally shorter than stated contractual maturities and are affected by the contractual lives of the underlying mortgages, periodic payments of principal, and prepayments of principal. (in thousands) December 31, 2016 December 31, 2015 Greater than five years and less than ten years $ - $ 3 Greater than or equal to ten years 130,302 83,985 Total $ 130,302 $ 83,988

Retained Interests In Securitiz

Retained Interests In Securitizations	12 Months Ended
	Dec. 31, 2016
Retained Interests In Securitizations [Abstract]
Retained Interests In Securitizations	The following table summarizes the estimated fair value of the Company’s re tained interests in asset backed securities as of December 31, 2016 and 2015 : (in thousands) Series Issue Date 2016 2015 HMAC 2004-2 May 10, 2004 $ 143 $ 110 HMAC 2004-3 June 30, 2004 364 453 HMAC 2004-4 August 16, 2004 463 75 HMAC 2004-5 September 28, 2004 144 182 HMAC 2004-6 November 17, 2004 - 304 Total $ 1,114 $ 1,124

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2016
Property Plant And Equipment [Abstract]
Property Plant and Equipment [TextBlock]	The composition of property and equipment at December 31, 2016 and 2015 follows: (in thousands) 2016 2015 Land $ 2,247 $ 2,247 Buildings and improvements 1,827 1,827 Computer equipment and software 177 187 Office furniture and equipment 180 227 Total cost 4,431 4,488 Less accumulated depreciation and amortization 1,024 995 Property and equipment, net $ 3,407 $ 3,493 Depreciation of property and equipment totaled approximately $86,000 and $92,000 for the years ended December 31, 2016 and 2015 , respectively.

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2016
Prepaid Expense And Other Assets [Abstract]
OtherAssetsDisclosureTextBlock	The composition of other assets at December 31, 2016 and 2015 follows: (in thousands) 2016 2015 Prepaid expenses $ 756 $ 499 Servicing advances 245 546 Servicing sale receivable, including accrued interest 309 308 Investment in Bimini Capital Trust II 804 804 Due from affiliates 566 465 Other 262 80 Total other assets $ 2,942 $ 2,702 Receivables are carried at their estimated collectible amounts. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of the counterparty to make required payments, if any. Management considers the following factors when determining the collectability of specific accounts: past transaction activity, current economic conditions and changes in payment terms. Amounts that the Company determines are no longer collectible are written off. As of December 31, 2016 and 2015 , management determined that no allowance for doubtful accounts was necessary. Collections on amounts previously written off are included in income as received.

Repurchase Agreements

Repurchase Agreements	12 Months Ended
	Dec. 31, 2016
Disclosure of Repurchase Agreements [Abstract]
Repurchase Agreements	As of December 31, 2016 , the Company had outstanding repurchase agreement obligations of approximately $121.8 million with a net weighted average borrowing rate of 0.99% . These agreements were collateralized by MBS with a fair value, including accrued interest, of approximately $130.1 million , and cash pledged to cou nterparty of approximately $0.5 million . As of December 31, 2015 , the Company had outstanding repurchase agreement obligations of approximately $77.2 million with a net weighte d average borrowing rate of 0.61% . These agreements were collateralized by MBS with a fair value, including accrued interest, of approximately $81.5 million . As o f December 31, 2016 and December 31, 2015 , the Company’s repurchase agreements had remaining maturities as summarized below: ($ in thousands) OVERNIGHT BETWEEN 2 BETWEEN 31 GREATER (1 DAY OR AND AND THAN LESS) 30 DAYS 90 DAYS 90 DAYS TOTAL December 31, 2016 Fair value of securities pledged, including accrued interest receivable $ - $ 71,565 $ 41,334 $ 17,172 $ 130,071 Repurchase agreement liabilities associated with these securities $ - $ 66,919 $ 38,733 $ 16,176 $ 121,828 Net weighted average borrowing rate - 1.01% 0.96% 0.98% 0.99% December 31, 2015 Fair value of securities pledged, including accrued interest receivable $ - $ 81,464 $ - $ - $ 81,464 Repurchase agreement liabilities associated with these securities $ - $ 77,234 $ - $ - $ 77,234 Net weighted average borrowing rate - 0.61% - - 0.61% If, during the term of a repurchase agreement, a lender files for bankruptcy, the Company might experience difficulty recovering its pledged assets , which could result in an unsecured claim against the lender for the difference between the amount loaned to the Company plus interest due to the counterparty and the fair value of the collateral pledged to such lender , including the accrued interest recei vable, and cash posted by the Company as collateral, if any. At December 31, 2016 and December 31, 2015 , the Company had an aggregate amount at risk (the difference between the amount loaned to the Company, including interest payable, and the fair value of s ecurities and cash pledged (if any), including accrued interest on such securities) with all counterparties of approximately $8.4 million and $3.5 million, respectively. T he Company did not have an amount at risk with any individual coun terparty greater than 10% of the Company’s equity at December 31, 2016 and 2015 .

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2016
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	In connection with its interest rate risk management strategy, the Company economically hedges a portion of the cost of its repurchase agreement funding and junior subordinated notes by entering into derivatives and other hedging contracts. To date, the Company has entered into Eurodollar and T-Note futures contracts , but may enter into other contracts in the future. The Company has not elected hedging treatment under GAAP , and as such all gains or losses (realized and unrealized) on these instruments are reflected in earnings for all periods presented. As of December 31, 2016 and 2015 , such instruments were comprised entirely of Eurodollar futures contracts . During the year ended December 31, 2015 , the Company entered into, and settled before the end of the year, a T-Note futures contract. Eurodollar and T-Note futures are cash settled futures contracts on an interest rate, with gains or losses credited or charged to the Company’s account on a daily basis and reflected in earnings as they occur. A minimum balance, or “margin”, is required to be maintained in the account on a daily basis. The Company is exposed to the changes in value of the futures by the amount of margin held by the broker. This margin represents the collateral the Company has posted for its open positions and is recorded on the consolidated balance sheets as part of restricted cash. Eurodollar and T-Note futures are cash settled futures contracts on an interest rate, with gains and losses credited or charged to the Company’s cash accounts on a daily basis. A minimum balance, or “margin”, is required to be maintained in the account on a daily basis. The tables below present information related to the Company’s Eurodollar futures positions at December 31, 2016 and December 31, 2015 . ($ in thousands) Eurodollar Futures Positions As of December 31, 2016 Repurchase Agreement Funding Hedges Average Weighted Weighted Contract Average Average Notional Entry LIBOR Open Expiration Year Amount Rate Rate Equity (1) 2017 $ 60,000 1.32% 1.28% $ (26) 2018 60,000 1.90% 1.82% (49) 2019 60,000 2.32% 2.21% (69) 2020 60,000 2.60% 2.45% (88) 2021 60,000 2.80% 2.64% (93) Total / Weighted Average $ 60,000 2.19% 2.08% $ (325) ($ in thousands) Eurodollar Futures Positions As of December 31, 2016 Junior Subordinated Debt Funding Hedges Average Weighted Weighted Contract Average Average Notional Entry LIBOR Open Expiration Year Amount Rate Rate Equity (1) 2017 $ 26,000 1.93% 1.28% $ (169) 2018 26,000 1.84% 1.82% (6) 2019 26,000 1.63% 2.21% 150 2020 26,000 1.95% 2.45% 132 2021 26,000 2.22% 2.64% 110 Total / Weighted Average $ 26,000 1.91% 2.08% $ 217 ($ in thousands) Eurodollar Futures Positions As of December 31, 2015 Repurchase Agreement Funding Hedges Average Weighted Weighted Contract Average Average Notional Entry LIBOR Open Expiration Year Amount Rate Rate Equity (1) 2016 $ 56,000 1.45% 0.98% $ (264) 2017 56,000 2.23% 1.59% (362) 2018 56,000 2.65% 1.91% (207) Total / Weighted Average $ 56,000 2.00% 1.41% $ (833) ($ in thousands) Eurodollar Futures Positions As of December 31, 2015 Junior Subordinated Debt Funding Hedges Average Weighted Weighted Contract Average Average Notional Entry LIBOR Open Expiration Year Amount Rate Rate Equity (1) 2016 $ 26,000 1.77% 0.98% $ (205) 2017 26,000 2.49% 1.59% (234) 2018 26,000 2.94% 1.91% (134) Total / Weighted Average $ 26,000 2.29% 1.41% $ (573) Open equity represents the cumulative gains (losses) recorded on open futures positions from inception. Losses From Derivative Instruments, Net The table below presents the effect of the Company’s derivative financial instruments on the consolidated statements of operations for the years ended December 31, 2016 and 2015 . (in thousands) Consolidated 2016 2015 Eurodollar futures contracts (short positions) - Repurchase agreement funding hedges $ (318) $ (930) Eurodollar futures contracts (short positions)- Junior subordinated debt funding hedges 302 (447) Net losses on derivative instruments $ (16) $ (1,377) Credit Risk-Related Contingent Features The use of derivatives creates exposure to credit risk relating to potential losses that could be recognized in the event that the counterparties to these instruments fail to perform their obligations under the contracts. The Company attempts to minimize this risk in several ways. F or instruments which are not centrally cleared on a registered exchange, the Company limits it counterparties to major financial institutions with acceptable credit ratings, and by monitoring positions with indiv idual counterparties. In addition, the Company may be required to pledge assets as collateral for its derivatives, whose amounts vary over time based on the market value, notional amount and remaining term of the derivative contract. In the event of a defa ult by a counterparty, the Company may not receive payments provided for under the terms of its derivative agreements, and may have difficulty obtaining its assets pledged as collateral for its derivatives. The cash and cash equivalents pledged as collater al for the Company’s derivative instruments are included in restricted cash on the consolidated balance sheets.

Pledged Assets

Pledged Assets	12 Months Ended
	Dec. 31, 2016
Pledged Assets [Abstract]
Pledged Assets	NOTE 8. PLEDGED ASSETS Assets Pledged to Counterparties The tables below summarize our assets pledged as collateral under our repurchase agreements and derivative agreements as of December 31, 2016 and 2015 . ($ in thousands) As of December 31, 2016 Repurchase Derivative Assets Pledged to Counterparties Agreements Agreements Total PT MBS - at fair value $ 124,298 $ - $ 124,298 Structured MBS - at fair value 5,284 - 5,284 Accrued interest on pledged securities 489 - 489 Cash 456 766 1,222 Total $ 130,527 $ 766 $ 131,293 ($ in thousands) As of December 31, 2015 Repurchase Derivative Assets Pledged to Counterparties Agreements Agreements Total PT MBS - at fair value $ 79,288 $ - $ 79,288 Structured MBS - at fair value 1,904 - 1,904 Accrued interest on pledged securities 272 - 272 Cash - 402 402 Total $ 81,464 $ 402 $ 81,866

Offsetting Assets and Liabiliti

Offsetting Assets and Liabilities	12 Months Ended
	Dec. 31, 2016
Offsetting [Abstract]
Offsetting Assets And Liabilities [Text Block]	The Company’s repurchase agreements are subject to underlying agreements with master netting or similar arrangements, which provide for the right of offset in the event of default or in the event of bankruptcy of either party to the transactions. The Company reports its assets and liabilities subject to these arrangements on a gross basis. The following table presents information regarding those assets and liabilities subject to such arrangements as if the Company had presented them on a net basis as of December 31, 2016 and 2015 . (in thousands) Offsetting of Liabilities Net Amount Gross Amount Not Offset in the of Liabilities Consolidated Balance Sheet Gross Amount Presented Financial Gross Amount Offset in the in the Instruments Cash of Recognized Consolidated Consolidated Posted as Posted as Net Liabilities Balance Sheet Balance Sheet Collateral Collateral Amount December 31, 2016 Repurchase Agreements $ 121,828 $ - $ 121,828 $ (121,372) $ (456) $ - December 31, 2015 Repurchase Agreements $ 77,234 $ - $ 77,234 $ (77,234) $ - $ - The amounts disclosed for collateral received by or posted to the same counterparty are limited to the amount sufficient to reduce the asset or liability presented in the consolidated balance sheet to zero in accordance with ASU No. 2011-11, as amended by ASU No. 2013-01. The fair value of the actual collateral received by or posted to the same counterparty typically exceeds the amounts presented. See Note 8 for a discussion of collateral posted for, or received against, repurchase obliga tions and derivative instruments.

Trust Preferred Securities

Trust Preferred Securities	12 Months Ended
	Dec. 31, 2016
Trust Preferred Securities [Abstract]
Trust Preferred Securities	During 2005, Bimini Capital sponsored the formation of a statutory trust, known as Bimini Capital Trust II (“BCTII”) of which 100% of the common eq uity is owned by Bimini Capital. It was formed for the purpose of issuing trust preferred capital securities to third-party investors and investing the proceeds from the sale of such capital securities solely in junior subordinated debt securities of Bimini Capital. The debt securities held by BCTII are the sole assets of BCTII . As of December 31, 2016 and 2015 , the outstanding principal balance on the junior subordinated debt securities owed to BCTII was $26.8 million. The BCTII trust preferred securities and Bimini Capital's BCTII Junior Subord inated Notes have a rate of interest that floats at a spread of 3.50% over the prevailing three-month LIBOR rate. As of December 31, 2016 , the interest rate was 4.46% . The BCTII trust preferred securities and Bimini Capital's BCTII Junior Subordinated Notes require quarterly interest distributions and are redeemable at Bimini Capital's option, in whole or in part and without penalty. Bimini Capital's BCTII Junior Subordinated Notes are subordinate and junior in right of payment of all present and future senior indebtedness. BCTII is a VIE because the holders of the equity investment at risk do not have adequate decision making ability over BCTII’s activities. Since Bimini Capital's investment in BCTII's common equity securities was financed directly by BCTII as a result of its loan of the proceeds to Bimini Capital, that investment is not considered to be an equity investment at risk. Since Bimini Capital's common share investment in BCTII is not a variable interest, Bimini Capital is not the primary be neficiary of BCTII. Therefore, Bimini Capital has not consolidated the financial statements of BCTII into its consolidated financial statements. The accompanying consolidated financial statements present Bimini Capital's BCTII Junior Subordinated Notes is sued to BCTII as a liability and Bimini Capital's investment in the common equity securities of BCTII as an asset (included in prepaid expenses and other assets, net). For financial statement purposes, Bimini Capital records payments of interest on the Ju nior Subordinated Notes issued to BCTII as interest expense.

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2016
Capital Stock [Abstract]
Capital Stock	Authorized Shares The total number of shares of capital stock which the Company has the authority to issue is 110,000,000 shares, classified as 100,000,000 shares of common stock , and 10,000,000 shares of preferred stock. The Board of Directors has the authority to classify any unissued shares by setting or changing in any one or more respects the preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications or terms or condit ions of redemption of such shares. Common Stock Of the 100,000,000 authorized shares of common stock, 98,000,000 shares were designated as Class A common stock , 1,000,000 shares were designated as Class B common stock and 1,000,000 shares were designa ted as Class C common stock . Holders of shares of common stock have no sinking fund or redemption rights and have no pre-emptive rights to subscribe for any of the Company’s securities. All common shares have a $0.001 par value. Class A Common Stock Each outstanding share of Class A common stock entitles the holder to one vote on all matters submitted to a vote of stockholders, including the election of directors. Holders of shares of Class A common stock are not entitled to cumulate their votes in the el ection of directors. Subject to the preferential rights of any other class or series of stock and to the provisions of the Company's charter, as amended, regarding the restrictions on transfer of stock, holders of shares of Class A common stock are entit led to receive dividends on such stock if, as and when authorized and declared by the Board of Directors. Class B Common Stock Each outstanding share of Class B common stock entitles the holder to one vote on all matters submitted to a vote of common st ockholders, including the election of directors. Holders of shares of Class B common stock are not entitled to cumulate their votes in the election of directors. Holders of shares of Class A common stock and Class B common stock shall vote together as one class in all matters except that any matters which would adversely affect the rights and preferences of Class B common stock as a separate class shall require a separate approval by holders of a majority of the outstanding shares of Class B common stock . H olders of shares of Class B common stock are entitled to receive dividends on each share of Class B common stock in an amount equal to the dividends declared on each share of Class A common stock if, as and when authorized and declared by the Board of Dire ctors. Each share of Class B common stock shall automatically be converted into one share of Class A common stock on the first day of the fiscal quarter following the fiscal quarter during which the Company's Board of Directors were notified that, as of the end of such fiscal quarter, the stockholders' equity attributable to the Class A common stock , calculated on a pro forma basis as if conversion of the Class B common stock (or portion thereof to be converted) had occurred, and otherwise determined in accordance with GAAP, equals no less than $150.00 per share (adjusted equitably for any stock splits, stock combinations, stock dividends or the like); provided, that the number of shares of Class B common stock to be converted into Class A common stock in any quarter shall not exceed an amount that will cause the stockholders' equity attributable to the Class A common stock calculated as set forth above to be less than $150.00 per share; provided further, that such conversions shall continue to occur until all shares of Class B common stock have been converted into shares of Class A common stock ; and provided further, that the total number of shares of Class A common stock issuable upon conversion of the Class B common stock shall not exceed 3% of the total shares of common stock outstanding prior to completion of an initial public offering of Bimini Capital's Class A common stock . Class C Common Stock No dividends will be paid on the Class C common stock . Holders of shares of Class C common stock are not entitled to vote on any matter submitted to a vote of stockholders, including the election of directors, except that any matters that would adversely affect the rights and privileges of the Class C common stock as a separate class shall require the approv al of a majority of the Class C common stock . Each share of Class C common stock shall automatically be converted into one share of Class A common stock on the first day of the fiscal quarter following the fiscal quarter during which the Company's Board of Directors were notified that, as of the end of such fiscal quarter, the stockholders' equity attributable to the Class A common stock , calculated on a pro forma basis as if conversion of the Class C common stock had occurred and giving effect to the con version of all of the shares of Class B common stock as of such date, and otherwise determined in accordance with GAAP, equals no less than $150.00 per share (adjusted equitably for any stock splits, stock combinations, stock dividends or the like); provid ed, that the number of shares of Class C common stock to be converted into Class A common stock shall not exceed an amount that will cause the stockholders' equity attributable to the Class A common stock calculated as set forth above to be less than $150. 00 per share; and provided further, that such conversions shall continue to occur until all shares of Class C common stock have been converted into shares of Class A common stock and provided further, that the total number of shares of Class A common stock issuable upon conversion of the Class C common stock shall not exceed 3% of the total shares of common stock outstanding prior to completion of an initial public offering of Bimini Capital's Class A common stock . Preferred Stock General There are 10, 000,000 authorized shares of preferred stock, with a $0.001 par value per share. The Company's Board of Directors has the authority to classify any unissued shares of preferred stock and to reclassify any previously classified but unissued shares of any se ries of preferred stock previously authorized by the Board of Directors. Prior to issuance of shares of each class or series of preferred stock, the Board of Directors is required by the Company’s charter to fix the terms, preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends or other distributions, qualifications and terms or conditions of redemption for each such class or series. Classified and Designated Shares Pursuant to the Company’s supplementary amendm ent of its charter, effective November 3, 2005, and by resolutions adopted on September 29, 2005, the Company’s Board of Directors classified and designated 1,800,000 shares of the authorized but unissued preferred stock, $0.001 par value, as Class A Redee mable Preferred Stock and 2,000,000 shares of the authorized but unissued preferred stock as Class B Redeemable Preferred Stock. Preferred Stock The Class A Redeemable Preferred Stock and Class B Redeemable Preferred Stock rank equal to each other and s hall have the same preferences, rights, voting powers, restrictions, limitations as to dividends and other distributions, qualifications and terms; provided, however that the redemption provisions of the Class A Redeemable Preferred Stock and the Class B R edeemable Preferred Stock differ. Each outstanding share of Class A Redeemable Preferred Stock and Class B Redeemable Preferred Stock shall have one-fifth of a vote on all matters submitted to a vote of stockholders (or such lesser fraction of a vote as w ould be required to comply with the rules and regulations of the NYSE relating to the Company’s right to issue securities without obtaining a stockholder vote). Holders of shares of preferred stock shall vote together with holders of shares of common stock as one class in all matters that would be subject to a vote of stockholders. The previously outstanding shares of Class A Redeemable Preferred Stock were converted into Class A common stock on April 28, 2006. No shares of the Class B Redeemable Preferre d Stock have ever been issued. In 2015 the Board approved Articles Supplementary to the Company’s charter reclassifying and designating 1,800,000 shares of authorized but unissued Class A Redeemable Preferred Stock and 2,000,000 shares of authorized but unissued Class B Redeemable Preferred Stock into undesignated preferred stock, par value $0.001 per share, of the Company (“Preferred Stock”). After giving effect to the reclassification and designation of the shares of Class A Preferred Stock and Class B Preferred Stock, the Company has authority to issue 10,000,000 shares of undesignated Preferred Stock and no shares of Class A Preferred Stock or Class B Preferred Stock. The Articles Supplementary were filed with the State Department of Assessments and Taxation of Maryland (the “SDAT”) and became effective upon filing on December 21, 2015. In 2015 the Board approved Articles Supplementary to the Company’s charter creating a new series of Preferred Stock designated a s Series A Junior Preferred Stock, par value $0.001 per share, of the Company (the “Series A Preferred Stock”). The Articles Supplementary were filed with the SDAT and became effective upon filing on December 21, 2015. Rights Plan O n December 21, 2015 the Board adopted a rights agreement and declared a distribution of one preferred stock purchase right (“Right”) for each outstanding share of the Company’s Class A common stock, Class B common stock, and Class C common stock . The distr ibution was payable to stockholders of record as of the close of business on December 21, 2015. The Rights . Subject to the terms, provisions and conditions of the Rights Plan, if the Rights become exercisable, each Right would initially represent the righ t to purchase from the Company one ten-thousandth of a share of Series A Preferred Stock for a purchase price of $4.76, subject to adjustment in accordance with the terms of the Rights Plan (the “Purchase Price”). If issued, each fractional share of Series A Preferred Stock would give the stockholder approximately the same distribution, voting and liquidation rights as does one share of the Company’s Class A common stock. However, prior to exercise, a Right does not give its holder any rights as a stockhold er of the Company, including without limitation any distribution, voting or liquidation rights. Exercisability. The Rights will generally not be exercisable until the earlier of ( i ) 10 business days after a public announcement by the Company that a person or group has acquired 4.9% or more of the outstanding Class A common stock without the approval of the Board of Directors (an “Acquiring Person”) and (ii) 10 business days after the commencement of a tender or exchange offer by a person or group for 4.9% or more of the Class A common stock. The date that the Rights may first become exercisable is referred to as the “Distribution Date.” Until the Distribution Date, the Class A common stock, Class B common stock and Class C common stock certificates will re present the Rights and will contain a notation to that effect. Any transfer of shares of Class A common stock, Class B common stock and/or Class C common stock prior to the Distribution Date will constitute a transfer of the associated Rights. After the Di stribution Date, the Rights may be transferred other than in connection with the transfer of the underlying shares of Class A common stock, Class B common stock or Class C common stock. After the Distribution Date and following a determination by the Boar d that a person is an Acquiring Person, each holder of a Right, other than Rights beneficially owned by the Acquiring Person (which will thereupon become void), will thereafter have the right to receive upon exercise of a Right and payment of the Purchase Price, that number of shares of Class A common stock, Class B common stock or Class C common stock, as the case may be, having a market value of two times the Purchase Price (or, at our option, shares of Series A Preferred Stock or other consideration as p rovided in the Rights Plan). Exchange . After the Distribution Date and following a determination by the Board that a person or group is an Acquiring Person, the Board may exchange the Rights (other than Rights owned by such an Acquiring Person which will have become void), in whole or in part, at an exchange ratio of one share of Class A common stock, Class B common stock or Class C common stock, as the case may be, or a fractional share of Series A Preferred Stock (or of a share of a similar class or seri es of the Company’s preferred stock having similar Rights, preferences and privileges) of equivalent value, per Right (subject to adjustment). Expiration . The Rights and the Rights Plan will expire on the earliest of ( i ) December 21, 2025, (ii) the time a t which the Rights are redeemed pursuant to the Rights Plan, (iii) the time at which the Rights are exchanged pursuant to the Rights Plan, (iv) the repeal of Section 382 of the Code or any successor statute if the Board determines that the Rights Plan is n o longer necessary for the preservation of the applicable tax benefits, (v) the beginning of a taxable year of the Company to which the Board determines that no applicable tax benefits may be carried forward and (vi) the close of business on June 30, 2016 if approval of the Rights Plan by the Company’s stockholders has not been obtained. Redemption. At any time prior to the time an Acquiring Person becomes such, the Board may redeem the Rights in whole, but not in part, at a price of $0.001 per Right (the “Redemption Price”). The redemption of the Rights may be made effective at such time, on such basis and with such conditions as the Board in its sole discretion may establish. Immediately upon any redemption of the Rights, the right to exercise the Rights will terminate and the only right of the holders of Rights will be to receive the Redemption Price. Anti-Dilution Provisions. The Board may adjust the Purchase Price, the number of shares of Series A Preferred Stock or other securities issuable and the nu mber of outstanding Rights to prevent dilution that may occur as a result of certain events, including among others, a stock dividend, a forward or reverse stock split or a reclassification of the preferred shares or Class A common stock, Class B common st ock or Class C common stock . No adjustments to the Purchase Price of less than 1% will be made. Anti-Takeover Effects. While this was not the purpose of the Board when adopting the Rights Plan, the Rights will have certain anti-takeover effects. The Right s will cause substantial dilution to any person or group that attempts to acquire the Company without the approval of the Board. As a result, the overall effect of the Rights may be to render more difficult or discourage any attempt to acquire the Company even if such acquisition may be favorable to the interests of the Company’s stockholders. Because the Board can redeem the Rights, the Rights should not interfere with a merger or other business combination approved by the Board. Amendments. Before the Distribution Date, the Board may amend or supplement the Rights Plan without the consent of the holders of the Rights. After the Distribution Date, the Board may amend or supplement the Rights Plan only to cure an ambiguity, to alter time perio d provisions, to correct inconsistent provisions, or to make any additional changes to the Rights Plan, but only to the extent that those changes do not impair or adversely affect, in any material respect, any Rights holder and do not result in the Rights again becoming redeemable, and no such amendment may cause the Rights again to become redeemable or cause this Rights Plan again to become amendable other than in accordance with the applicable timing of the Rights Plan. Issuances of Common Stock The table below presents information related to the Company’s Class A Common Stock issued during the years ended December 31, 2016 and 2015 . Shares Issued Related To: 2016 2015 Directors' compensation - 48,903 Incentive plan shares 258,333 - Total shares of Class A Common Stock issued 258,333 48,903 There were no issuances of the Company's Class B Common Stock and Class C Common Stock during the years ended December 31, 2016 and 2015 .

Stock Incentive Plans

Stock Incentive Plans	12 Months Ended
	Dec. 31, 2016
Employee Benefits And Share Based Compensation [Abstract]
Stock incentive Plans	NOTE 12 . STOCK INCENTIVE PLANS Bimini Capital On August 12, 2011, Bimini Capital’s shareholders approved the 2011 Long Term Compensation Plan (the “2011 Plan”) to assist the Company in recruiting and retaining employees, directors and other service providers by enabling them to participate in the success of Bimini Capital and to associate their interest with those of the Company and its stockholders. The 2011 Plan is intended to permit the grant of stock options, stock appreciation rights (“ SARs”), stock awards, performance units and other equity-based and incentive awards. The maximum aggregate number of shares of common stock that may be issued under the 2011 Plan pursuant to the exercise of options and SARs, the grant of stock awards or o ther equity-based awards and the settlement of incentive awards and performance units is equal to 4,000,000 shares. Share Awards During 2016 , the Compensation Committee of the Board of Directors of Bimini Capital (the “Committee”) approved certain performance bonuses for members of management. These bonuses were awarded primarily in recognition of service in 2015 . The bonuses consisted of cash of approximately $0.5 million and 258,333 fully vested shares of the Company’s Class A C ommon S tock with an approximate value of $0.2 million, or $0.75 per share. The shares were issued under the 2011 Plan. For purposes of these bonuses, shares of the Company’s c ommon s tock were valued based on the closing price of the Company’s Class A Common S tock on January 15, 2016, the b on us d ate. The expense related to this bonus was accrued at December 31, 2015 and does not affect the results of operations for the year ended December 31, 2016 . Performance Units The Committee may issue Performance Units under the 2011 Plan to certain officers and employees. “Performance Units” represent the participant’s right to receive an amount, based on the value of a specified number of shares of common s tock, if the terms and conditions prescribed by the Committee are satisfied. The Committee will determine the requirements that must be satisfied before Performance Units are earned, including but not limited to any applicable performance period and perfo rmance goals. Performance goals may relate to the Company’s financial performance or the participant’s performance or such other criteria determined by the Committee, including goals stated with reference to the performance measures discussed below. If P erformance Units are earned, they will be settled in cash, shares of common stock or a combination thereof. The following table presents the activity related to Performance Units during the years ended December 31, 2016 and December 31, 2015 : 2016 2015 Weighted- Weighted- Average Average Grant-Date Grant-Date Shares Fair Value Shares Fair Value Nonvested, at January 1 77,500 $ 1.22 31,500 $ 1.78 Granted during the year - - 46,000 0.84 Forfeited during the period (7,500) 1.15 - - Nonvested, at December 31 70,000 $ 1.23 77,500 $ 1.22 ($ in thousands) 2016 2015 Compensation expense recognized during the year $ 27 $ 19 Unrecognized compensation expense at year end $ 39 $ 75 Weighted-average remaining vesting term (in years) 1.5 2.5 Intrinsic value of unvested shares at year end $ 183 $ 62

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments And Contingencies	Litigation From time to time, the Company may become involved in various claims and legal actions arising in the ordinary course of business. Management is not aware of any significant reported or unreported contingencies at December 31, 2016 . As previously disclosed, a complaint, filed by Hildene Capital Management, LLC and Hildene Opportunities Fund, Ltd. (“Hildene”), alleged that Hildene suffered losses as a result of Bimini Capital’s repurchase of all outstanding fixed/floating rate capital securities of Bimini Capital Trust II for less than par value from Preferred Term Securities, Ltd. (“ PreTSL XX”) in October 2009. On May 15, 2015, Hildene and Bimini Capital agreed to settle the case, and on July 10, 2015, a Stipulation of Discontinuance was filed dismissing all claims and counterclaims between and among Hildene and Bimini Capital. In connection with the settlem ent and in accordance with GAAP, a loss of $3.5 million was accrued at March 31, 2015 a nd was charged to operations for the year ended December 31, 2015. During the years ended December 31, 2016 and 2015, payments totaling $0.5 million and $2.25 million, respectively, were made as required by the settlement agreement. The remaining $0.75 m illion is scheduled to be paid in installments through July 2019 and is included in other liabilities in the December 31, 2016 consolidated balance sheet.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	The income tax provision ( benefit) included in the consolidated statements of operations consists of the following for the years ended December 31, 2016 and 2015 : (in thousands) 2016 2015 Current $ 143 $ 482 Deferred 999 (62,932) Income tax provision (benefit) $ 1,142 $ (62,450) The income tax provision ( benefit) differs from the amount computed by applying the federal income tax statutory rate of 34 percent on income before income tax expense. A reconciliation of income tax at the statutory rate to income tax provision ( benefit) for the years ended December 31, 2016 and 2015 is presented in the table below. (in thousands) 2016 2015 Federal tax based on statutory rate $ 1,539 $ (1,094) State income tax 245 (194) Adjustment to record beginning deferred taxes due to change to taxable status - (9,187) Reduction of deferred tax asset valuation allowance (780) (52,135) Other 138 160 Income tax provision (benefit) $ 1,142 $ (62,450) Deferred tax assets consisted of the following as of December 31, 2016 and 2015 : (in thousands) 2016 2015 Deferred tax assets: Net operating loss carryforwards $ 96,500 $ 99,106 Orchid Island Capital, Inc. common stock 3,291 3,787 MBS 1,425 (379) Management agreement 1,267 1,267 Tax hedges 366 591 Accrued expenses 330 528 Other 697 756 103,876 105,656 Valuation allowance (40,043) (40,824) Net deferred tax assets $ 63,833 $ 64,832 As of December 31, 2016 and 2015 , Bimini Capital had tax capital loss carryforwards of approximately $0.3 million and $0.7 million, respectively, which can be used to offset future realized tax capital gains. The capital loss carryforwards will begin to expire in 2018. In addition, as of December 31, 2016 and 2015 , Bimini Capital had estimated federal NOL carryforwards of approximately $19.1 million and $19.1 million, respectively, and estimated Florida NOL carryforwards of $18 .4 million and $18.4 million, respectively. The NOL carryforwards can be used to offset future taxable income and will begin to expire in 2028. As of December 31, 2016 , Royal Palm had estimated federal NOL carryforwards of approximately $257.0 million and estimated available Florida NOLs o f approximately $29.5 million. As of December 31, 2015 , Royal Palm had estimated federal NOL carryforwards of approximately $261.3 million and estimated available Florida NOLs of approximately $33.9 million. These NOLs can be used to offset future taxable incom e and will begin to expire in 2025. In connection with Orchid’s 2013 IPO, Bimini Advisors paid for, and expensed for GAAP purposes, certain offering costs totaling approximately $3.2 million. For tax purposes, these offering costs created an intangible as set related to the management agreement with a tax basis of $3.2 million. The deferred tax asset related to the intangible asset at December 31, 2016 and 2015 total approximately $1.3 million. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of capital loss and NOL carryforwards is dependent upon the generation of future capital gains and taxable inco me in periods prior to their expiration. The valuation allowance relates primarily to the ability to utilize the NOL carryforwards of Royal Palm in future periods and is based on management’s estimated projections of future taxable income. Royal Palm ho lds residual interests in various real estate mortgage investment conduits (“REMICs”), some of which generate excess inclusion income (“EII”), a type of taxable income pursuant to specific provisions of the Code. During 2010 (as part of the filing of its 2009 tax returns), Royal Palm reached a tax filing position related to the EII taxable income that was different from what was reported in previous periods , and included a notice of inconsistent treatment in its tax returns. Royal Palm continues to file i ts tax returns following its 2009 tax filing position, and it continues to include a notice of inconsistent treatment in each return. The Company does not believe it has any unrecognized tax benefits included in its consolidated financial statements. The Company has not had any settlements in the current period with taxing authorities, nor has it recognized tax benefits as a result of a lapse of the applicable statute of limitations.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Shares of Class B common s tock, participating and convertible into Class A c ommon s tock, are entitled to receive dividends in an amount equal to the dividends declared on each share of Class A c ommon s tock if, and when, authorized and declared by the Board of Directors. Following the provisions of FASB ASC 260, the Class B c ommon s tock is included in the computation of basic EPS using the two-class method, and consequently is pre sented separately from Class A c ommon s tock . Shares of Class B c ommon stock are not included in the computation of diluted Class A EPS as the conditions for conversion to Class A common stock were not met at December 31, 2016 and 2015 . Shares of Class C c ommon stock are not included in the basic EPS computation as these shares do not have participation rights. Shares of Class C c ommon stock are not included in the computation of diluted Class A EPS as the conditions for conversion to Class A common stock were not met at December 31, 2016 and 2015 . The Company has dividend eligible stock incentive plan shares that were outstanding during the years ended December 31, 2016 and 2015 . The basic and diluted per share computations include these unvested incentive plan shares if t here is income available to Class A common stock , as they have dividend participation rights. The stock incentive plan shares have no contractual obligation to share in losses. Since there is no such obligation, the incentive plan shares would not be included i n the basic and diluted EPS computations when no income is available to Class A common stock even thoug h they are considered participating securities . The table below reconciles the numerators and denominators of the basic and diluted EPS. (in thousands, except per-share information) 2016 2015 Basic and diluted EPS per Class A common share: Income attributable to Class A common shares: Basic and diluted $ 3,378 $ 59,079 Weighted average common shares: Class A common shares outstanding at the balance sheet date 12,632 12,373 Unvested dividend-eligible share based compensation outstanding at the balance sheet date 70 78 Effect of weighting (4) (65) Weighted average shares-basic and diluted 12,698 12,386 Income per Class A common share: Basic and diluted $ 0.27 $ 4.77 (in thousands, except per-share information) 2016 2015 Basic and diluted EPS per Class B common share: Income attributable to Class B common shares: Basic and diluted $ 8 $ 152 Weighted average common shares: Class B common shares outstanding at the balance sheet date 32 32 Effect of weighting - - Weighted average shares-basic and diluted 32 32 Income per Class B common share: Basic and diluted $ 0.27 $ 4.77

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value	NOTE 16 . FAIR VALUE Authoritative accounting literature establishes a framework for using fair value to measure assets and liabilities and defines fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) as opposed to the price that would be paid to acquire the asset or received to assume the liability (an entry price). A fair value measure should reflect the assumptions that market participants would use in pricing the asset or liability, incl uding the assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset and the risk of non-performance. Required disclosures include stratification of balance sheet amounts measured at fair value based on inputs the Company uses to derive fair value measurements. These stratifications are: Level 1 valuations, where the valuation is based on quoted market prices for identical assets or liabilities traded in active markets (which include exchanges and over-the-counter markets with sufficient volume), Level 2 valuations, where the valuation is based on quoted market prices for similar instruments traded in active markets, quoted prices for identical or similar instruments in markets that ar e not active and model-based valuation techniques for which all significant assumptions are observable in the market, and Level 3 valuations, where the valuation is generated from model-based techniques that use significant assumptions not observable in th e market, but observable based on Company-specific data. These unobservable assumptions reflect the Company’s own estimates for assumptions that market participants would use in pricing the asset or liability. Valuation techniques typically include option pricing models, discounted cash flow models and similar techniques, but may also include the use of market prices of assets or liabilities that are not directly comparable to the subject asset or liability. The Company’s MBS are valued using Level 2 valua tions, and such valuations currently are determined by the Company based on independent pricing sources and/or third-party broker quotes, when available. Because the price estimates may vary, the Company must make certain judgments and assumptions about th e appropriate price to use to calculate the fair values. Alternatively, the Company could opt to have the value of all of our MBS positions determined by either an independent third-party or do so internally. MBS, Orchid common stock, retained interests and futures contracts were all recorded at fair value on a recurring basis during 2016 and 2015 . When determining fair value measurements, the Company considers the principal or most advantageous market in which it would transact and considers assump tions that market participants would use when pricing the asset. When possible, the Company looks to active and observable markets to price identical assets. When identical assets are not traded in active markets, the Company looks to market observable da ta for similar assets. Fair value measurements for the retained interests are generated by a model that requires management to make a significant number of assumptions. The following table presents financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2016 and 2015 : (in thousands) Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Fair Value Assets Inputs Inputs Measurements (Level 1) (Level 2) (Level 3) December 31, 2016 Mortgage-backed securities $ 130,302 $ - $ 130,302 $ - Margin on derivative agreements 766 766 - - Orchid Island Capital, Inc. common stock 15,108 15,108 - - Retained interests 1,114 - - 1,114 December 31, 2015 Mortgage-backed securities $ 83,988 $ - $ 83,988 $ - Margin on derivative agreements 402 402 - - Orchid Island Capital, Inc. common stock 13,853 13,853 - - Retained interests 1,124 - - 1,124 The following table illustrates a roll forward for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the years ended December 31, 2016 and 2015 : (in thousands) Retained Interests 2016 2015 Balances, January 1 $ 1,124 $ 1,900 Gain included in earnings 2,425 2,962 Collections (2,435) (3,738) Balances, December 31 $ 1,114 $ 1,124 During the years ended December 31, 2016 and 2015 , there were no transfers of financial assets or liabilities between levels 1, 2 or 3. Our retained interests are valued based on a discounted cash flow approach. These values are sensitive to changes in unobservable inputs, including: estimated prepayment speeds, default rates and loss severity, weighted-average life, and discount rates. Significant increases or decreases in any of these inputs may result in significantly different fair value measurement s. The following table summarizes the significant quantitative information about our level 3 fair value measurements as of December 31, 2016 . Retained interest fair value ($ in thousands) $ 1,114 CPR Range Prepayment Assumption (Weighted Average) Constant Prepayment Rate 10% (10%) Severity Range Default Assumptions Probability of Default (Weighted Average) Range Of Loss Timing Real Estate Owned 100% 30.5% Next 10 Months Loans in Foreclosure 100% 30.5% Month 4 - 13 Loans 90 Day Delinquent 100% 45% Month 11-28 Loans 60 Day Delinquent 85% 45% Month 11-28 Loans 30 Day Delinquent 75% 45% Month 11-28 Current Loans 2.6% 45% Month 29 and Beyond Remaining Life Range Discount Rate Range Cash Flow Recognition Valuation Technique (Weighted Average) (Weighted Average) Nominal Cash Flows Discounted Cash Flow 12.3 - 14.5 (12.7) 27.50% (27.50%) Discounted Cash Flows Discounted Cash Flow 0.7 - 2.3 (1.3) 27.50% (27.50%)

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 17. RELATED PARTY TRANSACTIONS Management Agreement Orchid is externally managed and advised by Bimini Advisors pursuant to the terms of a management agreement. As Manager, Bimini Advisors is responsible for administering Orchid's business activities and day-to-day operations. Pursuant to the terms of the management agreement, Bimini Advisors provides Orchid with its management team, including its officers, along with appropriate support personnel. Bimini Advisors is at all times subject to the supervision and oversight of Orchid's board of directors and ha s only such functions and authority as delegated to it. Bimini Advisors receives a monthly management fee in the amount of: One-twelfth of 1.5% of the first $250 million of the Orchid’s equity, as defined in the management agreement, One-twelfth of 1.25% of the Orchid’s equity that is greater than $250 million and less than or equal to $500 million, and One-twelfth of 1.00% of the Orchid’s equity that is greater than $500 million. Orchid is obligated to reimburse Bimini Advisors for any direct expenses in curred on its behalf and to pay to Bimini Advisors an amount equal to Orchid's pro rata portion of certain overhead costs set forth in the management agreement. Should the Orchid terminate the management agreement without cause, it will pay to Bimini Advis ors a termination fee equal to three times the average annual management fee, as defined in the management agreement, before or on the last day of the initial term or automatic renewal term. The following table summarizes the advisory services revenue fro m Orchid for the years ended December 31, 2016 and 2015 . (in thousands) 2016 2015 Management fee $ 4,188 $ 3,978 Allocated overhead 1,301 1,064 Total $ 5,489 $ 5,042 At December 31, 2016 and 2015 , the net amount due from Orchid was approximately $0.6 million and $0.5 million, respectively. These amounts are included in “other assets” in the consolidated balance sheets. During the years ended December 31, 2016 and 2015 , Orchid accrued cash and equity compensation payable to officers and employees of Bimini of $0.8 million and $0.6, respectively. This compensation is not included in the consolidated statements of operations. Other Relationships with Orchid The Company owned 1,395,036 shares of Orchid common stock at both December 31, 2016 and 2015 , representing approximately 4.2% and 6.4%, respectively, of the outstanding shares. During the years ended December 31, 2016 and 2015 , the Company received dividends on this common stock investment of approximately $2.3 million and $1.9 million, respectively. Robert Cauley, our Chief Executive Officer and Chairman of our Board of Directors, also serves as Chief Executive Officer and Chairman of the Board of Directors of Orchid and owns shares of common stock of Orchid. Also, Hunter Haas, our Chief Financial Officer, Chief Investment Officer and Treasurer, also serves as Chief Financial Officer, Chief Investment Officer and Secretary of Orchid, is a member of Orchid’s Board of Direc tors and owns shares of common stock of Orchid.

Basis of Presentation (Policies

Basis of Presentation (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Consolidation	Consolidation The accompanying consolidated financial statements include the accounts of Bimini Capital, its wholly-owned subsidiaries , Bimini Advisors Holdings, LLC (formerly known as Bimini Advisors, Inc.) and Royal Palm Capital, LLC (formerly known as MortCo TRS, LLC). Bimini Advisors Holdings, LLC and its wholly-owned subsidiary, Bimini Advisors, LLC are collectively referred to as "Bimini Advisors." Royal Palm Capital, LLC and its wholly-owned subsidiaries are collectively referred to as "Royal Palm." All inter-company accounts and transactions have been eliminated from the consolidated financial statements. Financial Accounting Standards Board (the "FASB") Accounting Standards Codification ("ASC") Topic 810, Consolidation, requires the consolidation of a variable interest entity ("VIE") by an enterprise if it is deemed the primary beneficiary of the VIE. Further, ASC 810 require s a qualitative assessment to determine the primary beneficiary of a VIE, an ongoing assessment of whether an enterprise is the primary beneficiary of a VIE, and additional disclosures for entities that have variable interests in VIEs. As further described in Note 10, Bimini Capital has a common share investment in a trust used in connection with the issuance of Bimini Capital's junior subordinated notes. Pursuant to ASC 810, management has concluded that, while the trust is a VIE, Bimini Capital's commo n share investment in the trust is not a variable interest. Therefore, the trust has not been consolidated in the financial statements of Bimini Capital, and accordingly, this investment has been accounted for on the equity method.
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States (“GAAP”). In the opinion of management, all adjustments considered necessar y for a fair presentation of the Company's consolidated financial position, results of operations and cash flows have been included and are of a normal and recurring nature.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates affecting the accompanying consolidated financial statements include the fair values of MBS, investment in Orchid common shares, derivatives , retained int erests and asset valuation allowances and the level of deferred tax asset allowances recorded for each accounting period .
Statement of Comprehensive Income	Statement of Comprehensive Income In accordance with ASC Topic 220, Comprehensive Income , a statement of comprehensive income has no t been included as the Company has no items of other comprehensive income . Comprehensive income is the same as net income for all periods presented.
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents include cash on deposit with fin ancial institutions and highly liquid investments with original maturities of three months or less at the time of purchase . Restricted cash includes cash pledged as collateral for repurchase agreements and derivative instruments. The Company maintains cash balances at several banks, and , at times, these balances may exceed federally insured limits. The Company has not experienced any losses related to these balances. The Federal Deposit Insurance Corporation insures eligible accounts up to $250,000 per depositor at each financial institution. At December 31, 2016 , the Company’s cash deposits exceeded federally insured limits by approximately $3.0 million. Restricted cash balances are uninsured, but are held in separate customer accounts that are segr egated from the general funds of the counterparty. The Company limits uninsured balances to only large, well-known banks and derivative counterparties and believes that it is not exposed to significant credit risk on cash and cash equivalents or restricte d cash balances.
Mortgage-Backed Securities	Mortgage-Backed Securities The Company invests primarily in mortgage pass-through (“PT”) certificates, collateralized mortgage obligations, and interest-only (“IO”) securities and inverse interest-only (“IIO”) securities representing interest in or obligations backed by pools of mortgage-backed loans. T he Company has elected to account for its investment in MBS under the fair value option. Electing the fair value option requires the Company to record changes in fair value in the conso lidated statement of operations, which, in management’s view, more appropriately reflects the results of our operations for a particular reporting period and is consistent with the underlying economics and how the portfolio is managed. The Company records MBS transactions on the trade date. Security purchases that have not settled as of the balance sheet date are included in the MBS balance with an offsetting liability recorded, whereas securities sold that have not settled as of the balance sheet date ar e removed from the MBS balance with an offsetting receivable recorded. The fair value of the Company’s investment in MBS is governed by ASC Topic 820, Fair Value Measurement . The definition of fair value in ASC Topic 820 focuses on the price that would b e received to sell the asset or paid to transfer the liability in an orderly transaction between market participants at the measurement date. The fair value measurement assumes that the transaction to sell the asset or transfer the liability either occurs in the principal market for the asset or liability, or in the absence of a principal market, occurs in the most advantageous market for the asset or liability. Estimated fair values for MBS are based on independent pricing sources and/or third party broke r quotes, when available. Income on PT MBS is based on the stated interest rate of the security. Premiums or discounts present at the date of purchase are not amortized. Premium lost and discount accretion resulting from monthly principal repayments are reflected in unrealized gains (losses) on MBS in the c onsolidated s tatement s of o peration s . For IO securities, the income is accrued based on the carrying value and the effective yield. The difference between income accrued and the interest received on t he security is characterized as a return of investment and serves to reduce the asset’s carrying value. At each reporting date, the effective yield is adjusted prospectively from the reporting period based on the new estimate of prepayments and the contrac tual terms of the security. For IIO securities, effective yield and income recognition calculations also take into account the index value applicable to the security. Changes in fair value of MBS during each reporting period are recorded in earnings and reported as unrealized gains or losses on mortgage-backed securities in the accompanying consolidated statements of operations. The amount reported as unrealized gains or losses on mortgage backed securities thus captures the net effect of changes in the f air market value of securities caused by market developments and any premium or discount lost as a result of principal repayments during the period.
Investment In Orchid [Policy Text Block]	Orchid Island Capital, Inc. Common Stock The Company has elected the fair value option for its investment in Orchid common shares. The change in the fair value of this investment and dividends received on this investment are reflected in other income in the consolidated statements of operations for the year ended December 31, 2016 . We estimate the fair value of o ur investment in Orchid on a market approach using “Level 1” inputs based on the quoted market price of Orchid’s common stock on a national stock exchange. Electing the fair value option requires the Company to record changes in fair value in the consolida ted statements of operations, which, in management’s view, more appropriately reflects the results of our operations for a particular reporting period and is consistent with how the investment is managed.
Advisory Services	Advisory Services Orchid is externally managed an d advised by Bimini Advisors pursuant to the terms of a management agreement. Under the terms of the management agreement, Orchid is obligated to pay Bimini Advisors a monthly management fee and a pro rata portion of certain overhead costs and to reimburse the Company for any direct expenses incurred on its behalf.
Retained Interests	Retained Interests in Securitizations Retained interests in the subordinated tranches of securities created in securitization transactions were initially recorded at their fair value when issued by Royal Palm . Subsequent adjustments to fair value are reflected in earnings. Quoted market prices for these assets are generally not available, so the Company estimates fair value based on the present value of expected future cash flows using management’s best estimates of key assumptions, which include expected credit losses, prepayment speeds, weigh ted-average life, and discount rates commensurate with the inherent risks of the asset.
Derivative Financial Instruments	Derivative Financial Instruments The Company uses derivative instruments to manage interest rate risk, facilitate asset/liability strategies and manage other exposure s, and it may continue to do so in the future. The principal instruments that the Company has used to date are T-Note and Eurodollar futures contracts , but the Company may enter into other derivatives in the future. The Company has elected not to treat an y of its derivative financial instruments as hedges in order to align the accounting treatment of its derivative instruments with the treatment of its portfolio assets under the fair value option election. FASB ASC Topic 815, Derivatives and Hedging , requi res that all derivative instruments be carried at fair value. Changes in fair value are recorded in earnings for each period. Holding derivatives creates exposure to credit risk related to the potential for failure on the part of counterparties to honor their commitments. In addition, the Company may be required to post collateral based on any declines in the market value of the derivatives. In the event of default by a counterparty, the Company may have difficulty recovering its collateral and may not receive payments provided for under the terms of the agreement. To mitigate this risk, the Company uses only well-established commercial banks as counterparties.
Financial Instruments	Financial Instruments ASC Topic 825, Financial Instruments , requires disclosure of the fair value of financial instruments for which it is practicable to estimate that value, either in the body of the financial statements or in the accompanying notes. MBS, Orchid common stock, Eurodollar futures contracts, interest rate swaptions and retained in terests in securitization transactions are accounted for at fair value in the consolidated balance sheets. The methods and assumptions used to estimate fair value for these instruments are presented in Note 16 of the consolidated financial statements. T he estimated fair value of cash and cash equivalents, restricted cash, accrued interest receivable, other assets, repurchase agreements, payable for unsettled securities purchased, accrued interest payable and other liabilities generally approximates their carrying value as of December 31, 2016 and December 31, 2015 , due to the short-term nature of these financial instruments. It is impractical to estimate the fair value of the Company’s junior subordinated notes. Currently, there is a limited market for th ese types of instruments and the Company is unable to ascertain what interest rates would be available to the Company for similar financial instruments. Information regarding carrying amount and effective interest rate for these instruments is presented in Note 10 to the consolidated financial statements.
Property and Equipment, net	Property and Equipment, net Property and equipment, net, consists of computer equipment with a depreciable life of 3 years, office furniture and equipment with depreciable lives of 8 to 20 years, land which has no depreciable life, and buildings and improvements with depreciable lives of 30 years. Property and equipment is recorded at acquisition cost and depreciated using the straight-line method over the estimated useful lives of the assets.
Repurchase Agreements	Repurchase Agreements The Company finances the acquisition of the majority of its PT MBS through the use of repurchase agreements under master repurchase agreements. Pursuant to ASC Topic 860, Transfers and Servicing , the Company accounts for rep urchase transactions as collateralized financing transactions, which are carried at their contractual amounts, including accrued interest, as specified in the respective agreements.
Share-Based Compensation	Share-Based Compensation The Company follows the provisions of ASC Topic 718, Compensation – Stock Compensation , to account for stock and stock-based awards. For stock and stock-based awards issued to employees, a compensation charge is recorded against earnings over the vesting period based on the fair value of the award. Payments pursuant to dividend equivalent rights, which are granted along with certain equity based awards, are charged to stockholders’ equity when dividends are decl ared. The Company applies a zero forfeiture rate for its equity based awards, as such awards have been granted to a limited number of employees and historical forfeitures have been minimal. A significant forfeiture, or an indication that significant forf eitures may occur, would result in a revised forfeiture rate which would be accounted for prospectively as a change in an estimate. For transactions with non-employees in which services are performed in exchange for the Company’s common stock or other equi ty instruments, the transactions are recorded on the basis of the fair value of the service received or the fair value of the equity instruments issued, whichever is more readily measurable at the date of issuance .
Earnings Per Share	Earnings Per Share The Company follows the provisions of ASC Topic 260, Earnings Per Share , which requires companies with complex capital structures, common stock equivalents or two (or more) classes of securities that participate in dividend distributions to present both basic and diluted earn ings per share (“EPS”) on the face of the consolidated statement of operations. Basic EPS is calculated as income available to common stockholders divided by the weighted average number of common shares outstanding during the period. Dilut ed EPS is calcula ted using the treasury stock or two-class method, as applicable for common stock equivalents. However, the common stock equivalents are not included in computing diluted EPS if the result is anti-dilutive. Outstanding shares of Class B Common Stock, parti cipating and convertible into Class A Common Stock, are entitled to receive dividends in an amount equal to the dividends declared on each share of Class A Common Stock if, as and when authorized and declared by the Board of Directors. Accordingly, shares of the Class B Common Stock are included in the computation of basic EPS using the two-class method and, consequently, are presented separately from Class A Common Stock. The shares of Class C Common Stock are not included in the basic EPS computation as these shares do not have participation rights. The outstanding shares of Class B and Class C Common Stock are not included in the computation of diluted EPS for the Class A Common Stock as the conditions for conversion into shares of Class A Common Stock w ere not met.
Income Taxes	Income Taxes For the calendar year ended December 31, 2015, Bimini Capital, Bimini Advisors , Inc. and Royal Palm were separate taxpaying entities for income tax purposes and filed separate Federal income tax returns. Bimini Advisors , Inc. r emained a separate tax paying entity through January 31, 2016; on that date, Bimini Advisors , Inc. was reorganized (as Bimini Advisors Holdings, LLC) to be a n LLC wholly-owned by Bimini Capital. Beginning with the tax period starting on February 1, 2016, Bimini Capital and Bimini Advisors are combined as a single tax paying entity. Royal Palm continues to be treated as a separate tax paying entity for the year ending December 31, 2016. Income taxes are provided for using the asset and liability method. Deferred tax assets and liabilities represent the differences between the financial statement and income tax bases of assets and liabilities using enacted tax rates. The measurement of net deferred tax assets is adjusted by a valuation allowance if, based on the Company’s evaluation, it is more likely than not that they will not be realized. The Company’s U.S. federal income tax returns for years ended on or a fter December 31, 201 3 remain open for examination. Although management believes its calculations for tax returns are correct and the positions taken thereon are reasonable, the final outcome of tax audits could be materially different from the tax returns filed by the Company, and those differences could result in significant costs or benefits to the Company. The Company measures, recognizes and presents its uncertain tax positions in accordance with ASC Topic 740, Income Taxes . Under that guidance, the Company assesses the likelihood, based on their technical merit, that tax positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. The measurement of un certain tax positions is adjusted when new information is available, or when an event occurs that requires a change. The Company recognizes tax positions in the financial statements only when it is more likely than not that the position will be sustained u pon examination by the relevant taxing authority based on the technical merits of the position. A position that meets this standard is measured at the largest amount of benefit that will more likely than not be realized upon settlement. The difference betw een the benefit recognized and the tax benefit claimed on a tax return is referred to as an unrecognized tax benefit and is recorded as a liability in the consolidated balance sheets . The C ompany records income tax-related interest and penalties, if applicable, within the income tax provision.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform to current period presentations.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In Nov ember 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-18, Statement of Cash Flows – (Topic 230): Restricted Cash. ASU 2016-18 requires that restricted cash and restricted cash equivalents be included as components of total cash and cash equi valents as presented on the statement of cash flows. ASU 2016-18 is effective for fiscal years, and for interim periods within those years, beginning after December 15, 2017. Early application is permitted. The Company currently presents net changes in r estricted cash as a component of investing activities; therefore, the application of this ASU will represent a change in the Company’s consolidated cash flow presentation. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows – (Topic 230): Classification of Certain Cash Receipts and Cash Payments. ASU 2016-15 addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. ASU 2016-15 is effective for fiscal years, and for interim periods within t hose years, beginning after December 15, 2017. Early application is permitted. The Company is currently evaluating the potential effect of this ASU on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instrument s – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 requires credit losses on most financial assets measured at amortized cost and certain other instruments to be measured using an expected credit loss model (r eferred to as the current expected credit loss (CECL) model). ASU 2016-13 is effective for fiscal years, and for interim periods within those years, beginning after December 15, 2019. Early application is permitted for fiscal periods beginning after Decem ber 15, 2018. The Company is currently evaluating the potential effect of this ASU on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01 provides guidance for the recognition, measurement, presentation and disclosure of financial assets and financial liabilities. ASU 2016-01 is effective for fiscal yea rs, and for interim periods within those years, beginning after December 15, 2017 and, for most provisions, is effective using the cumulative-effect transition approach. Early application is permitted for certain provisions. The Company is currently eval uating the potential effect of this ASU on its consolidated financial statements. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes . ASU 2015-17 requires that all deferred tax liabiliti es and tax assets be classified as non-current in a classified balance sheet, rather than separating such deferred taxes into current and non-current amounts, as is required under current guidance. ASU 2015-17 is effective for fiscal years, and for interi m periods within those years, beginning after December 15, 2016 and may be applied either prospectively or retrospectively. The ASU is not expected to materially impact the Company’s consolidated financial statements. In June 2014, the FASB issued ASU 201 4-12, Compensation-Stock Compensation: Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period . ASU 2014-12 requires that performance targets that affect vesting and that could be achieved after the requisite service period be treated as performance conditions. ASU 2014-12 was effective for interim and annual reporting periods beginning after December 15, 2015. The adoption of this ASU did not have a m aterial impact on the Company’s consolidated financial statements.

Mortgage-Backed Securities (Tab

Mortgage-Backed Securities (Tables)	12 Months Ended
	Dec. 31, 2016
Mortgage Backed Securities [Abstract]
Schedule of Mortgage-Backed Securities Reconciliation	(in thousands) 2016 2015 Pass-Through MBS: Fixed-rate Mortgages $ 124,299 $ 79,170 Hybrid Adjustable-rate Mortgages - 118 Total Pass-Through MBS 124,299 79,288 Structured MBS: Interest-Only Securities 2,654 2,554 Inverse Interest-Only Securities 3,349 2,146 Total Structured MBS 6,003 4,700 Total $ 130,302 $ 83,988
Schedule Of Mortgage-Backed Securities by Contractual Maturity	(in thousands) December 31, 2016 December 31, 2015 Greater than five years and less than ten years $ - $ 3 Greater than or equal to ten years 130,302 83,985 Total $ 130,302 $ 83,988

Retained Interests In Securit26

Retained Interests In Securitizations (Tables)	12 Months Ended
	Dec. 31, 2016
Retained Interests In Securitizations [Abstract]
Schedule of Retained Interests In Securitizations	(in thousands) Series Issue Date 2016 2015 HMAC 2004-2 May 10, 2004 $ 143 $ 110 HMAC 2004-3 June 30, 2004 364 453 HMAC 2004-4 August 16, 2004 463 75 HMAC 2004-5 September 28, 2004 144 182 HMAC 2004-6 November 17, 2004 - 304 Total $ 1,114 $ 1,124

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Property Plant And Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	(in thousands) 2016 2015 Land $ 2,247 $ 2,247 Buildings and improvements 1,827 1,827 Computer equipment and software 177 187 Office furniture and equipment 180 227 Total cost 4,431 4,488 Less accumulated depreciation and amortization 1,024 995 Property and equipment, net $ 3,407 $ 3,493

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2016
Prepaid Expense And Other Assets [Abstract]
Schedule of Other Assets [TableTextBlock]	(in thousands) 2016 2015 Prepaid expenses $ 756 $ 499 Servicing advances 245 546 Servicing sale receivable, including accrued interest 309 308 Investment in Bimini Capital Trust II 804 804 Due from affiliates 566 465 Other 262 80 Total other assets $ 2,942 $ 2,702

Repurchase Agreements (Tables)

Repurchase Agreements (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosure of Repurchase Agreements [Abstract]
Schedule of Repurchase Agreements	($ in thousands) OVERNIGHT BETWEEN 2 BETWEEN 31 GREATER (1 DAY OR AND AND THAN LESS) 30 DAYS 90 DAYS 90 DAYS TOTAL December 31, 2016 Fair value of securities pledged, including accrued interest receivable $ - $ 71,565 $ 41,334 $ 17,172 $ 130,071 Repurchase agreement liabilities associated with these securities $ - $ 66,919 $ 38,733 $ 16,176 $ 121,828 Net weighted average borrowing rate - 1.01% 0.96% 0.98% 0.99% December 31, 2015 Fair value of securities pledged, including accrued interest receivable $ - $ 81,464 $ - $ - $ 81,464 Repurchase agreement liabilities associated with these securities $ - $ 77,234 $ - $ - $ 77,234 Net weighted average borrowing rate - 0.61% - - 0.61%

Derivative Financial Instrume30

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Eurodollar Futures Positions	($ in thousands) Eurodollar Futures Positions As of December 31, 2016 Repurchase Agreement Funding Hedges Average Weighted Weighted Contract Average Average Notional Entry LIBOR Open Expiration Year Amount Rate Rate Equity (1) 2017 $ 60,000 1.32% 1.28% $ (26) 2018 60,000 1.90% 1.82% (49) 2019 60,000 2.32% 2.21% (69) 2020 60,000 2.60% 2.45% (88) 2021 60,000 2.80% 2.64% (93) Total / Weighted Average $ 60,000 2.19% 2.08% $ (325) ($ in thousands) Eurodollar Futures Positions As of December 31, 2016 Junior Subordinated Debt Funding Hedges Average Weighted Weighted Contract Average Average Notional Entry LIBOR Open Expiration Year Amount Rate Rate Equity (1) 2017 $ 26,000 1.93% 1.28% $ (169) 2018 26,000 1.84% 1.82% (6) 2019 26,000 1.63% 2.21% 150 2020 26,000 1.95% 2.45% 132 2021 26,000 2.22% 2.64% 110 Total / Weighted Average $ 26,000 1.91% 2.08% $ 217 ($ in thousands) Eurodollar Futures Positions As of December 31, 2015 Repurchase Agreement Funding Hedges Average Weighted Weighted Contract Average Average Notional Entry LIBOR Open Expiration Year Amount Rate Rate Equity (1) 2016 $ 56,000 1.45% 0.98% $ (264) 2017 56,000 2.23% 1.59% (362) 2018 56,000 2.65% 1.91% (207) Total / Weighted Average $ 56,000 2.00% 1.41% $ (833) ($ in thousands) Eurodollar Futures Positions As of December 31, 2015 Junior Subordinated Debt Funding Hedges Average Weighted Weighted Contract Average Average Notional Entry LIBOR Open Expiration Year Amount Rate Rate Equity (1) 2016 $ 26,000 1.77% 0.98% $ (205) 2017 26,000 2.49% 1.59% (234) 2018 26,000 2.94% 1.91% (134) Total / Weighted Average $ 26,000 2.29% 1.41% $ (573)
Income Statement Effect of Derivatives [Table Text Block]	(in thousands) Consolidated 2016 2015 Eurodollar futures contracts (short positions) - Repurchase agreement funding hedges $ (318) $ (930) Eurodollar futures contracts (short positions)- Junior subordinated debt funding hedges 302 (447) Net losses on derivative instruments $ (16) $ (1,377)

Pledged Assets (Tables)

Pledged Assets (Tables)	12 Months Ended
	Dec. 31, 2016
Pledged Assets [Abstract]
Assets Pledged To Counterparties [Table Text Block]	($ in thousands) As of December 31, 2016 Repurchase Derivative Assets Pledged to Counterparties Agreements Agreements Total PT MBS - at fair value $ 124,298 $ - $ 124,298 Structured MBS - at fair value 5,284 - 5,284 Accrued interest on pledged securities 489 - 489 Cash 456 766 1,222 Total $ 130,527 $ 766 $ 131,293 ($ in thousands) As of December 31, 2015 Repurchase Derivative Assets Pledged to Counterparties Agreements Agreements Total PT MBS - at fair value $ 79,288 $ - $ 79,288 Structured MBS - at fair value 1,904 - 1,904 Accrued interest on pledged securities 272 - 272 Cash - 402 402 Total $ 81,464 $ 402 $ 81,866

Offsetting Assets and Liabiltie

Offsetting Assets and Liabilties (Tables)	12 Months Ended
	Dec. 31, 2016
Offsetting [Abstract]
Offsetting Liabilities [Table Text Block]	(in thousands) Offsetting of Liabilities Net Amount Gross Amount Not Offset in the of Liabilities Consolidated Balance Sheet Gross Amount Presented Financial Gross Amount Offset in the in the Instruments Cash of Recognized Consolidated Consolidated Posted as Posted as Net Liabilities Balance Sheet Balance Sheet Collateral Collateral Amount December 31, 2016 Repurchase Agreements $ 121,828 $ - $ 121,828 $ (121,372) $ (456) $ - December 31, 2015 Repurchase Agreements $ 77,234 $ - $ 77,234 $ (77,234) $ - $ -

Capital Stock (Tables)

Capital Stock (Tables)	12 Months Ended
	Dec. 31, 2016
Capital Stock [Abstract]
Issuances of Common Stock	Shares Issued Related To: 2016 2015 Directors' compensation - 48,903 Incentive plan shares 258,333 - Total shares of Class A Common Stock issued 258,333 48,903

Stock Incentive Plans (Tables)

Stock Incentive Plans (Tables)	12 Months Ended
	Dec. 31, 2016
Employee Benefits And Share Based Compensation [Abstract]
Performance Units [Table Text Block]	2016 2015 Weighted- Weighted- Average Average Grant-Date Grant-Date Shares Fair Value Shares Fair Value Nonvested, at January 1 77,500 $ 1.22 31,500 $ 1.78 Granted during the year - - 46,000 0.84 Forfeited during the period (7,500) 1.15 - - Nonvested, at December 31 70,000 $ 1.23 77,500 $ 1.22 ($ in thousands) 2016 2015 Compensation expense recognized during the year $ 27 $ 19 Unrecognized compensation expense at year end $ 39 $ 75 Weighted-average remaining vesting term (in years) 1.5 2.5 Intrinsic value of unvested shares at year end $ 183 $ 62

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [TableTextBlock]	(in thousands) 2016 2015 Current $ 143 $ 482 Deferred 999 (62,932) Income tax provision (benefit) $ 1,142 $ (62,450)
Schedule of Effective Income Tax Rate Reconciliation [TableTextBlock]	(in thousands) 2016 2015 Federal tax based on statutory rate $ 1,539 $ (1,094) State income tax 245 (194) Adjustment to record beginning deferred taxes due to change to taxable status - (9,187) Reduction of deferred tax asset valuation allowance (780) (52,135) Other 138 160 Income tax provision (benefit) $ 1,142 $ (62,450)
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	(in thousands) 2016 2015 Deferred tax assets: Net operating loss carryforwards $ 96,500 $ 99,106 Orchid Island Capital, Inc. common stock 3,291 3,787 MBS 1,425 (379) Management agreement 1,267 1,267 Tax hedges 366 591 Accrued expenses 330 528 Other 697 756 103,876 105,656 Valuation allowance (40,043) (40,824) Net deferred tax assets $ 63,833 $ 64,832

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	(in thousands, except per-share information) 2016 2015 Basic and diluted EPS per Class A common share: Income attributable to Class A common shares: Basic and diluted $ 3,378 $ 59,079 Weighted average common shares: Class A common shares outstanding at the balance sheet date 12,632 12,373 Unvested dividend-eligible share based compensation outstanding at the balance sheet date 70 78 Effect of weighting (4) (65) Weighted average shares-basic and diluted 12,698 12,386 Income per Class A common share: Basic and diluted $ 0.27 $ 4.77 (in thousands, except per-share information) 2016 2015 Basic and diluted EPS per Class B common share: Income attributable to Class B common shares: Basic and diluted $ 8 $ 152 Weighted average common shares: Class B common shares outstanding at the balance sheet date 32 32 Effect of weighting - - Weighted average shares-basic and diluted 32 32 Income per Class B common share: Basic and diluted $ 0.27 $ 4.77

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Assets Measured at Fair Value on Recurring Basis	(in thousands) Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Fair Value Assets Inputs Inputs Measurements (Level 1) (Level 2) (Level 3) December 31, 2016 Mortgage-backed securities $ 130,302 $ - $ 130,302 $ - Margin on derivative agreements 766 766 - - Orchid Island Capital, Inc. common stock 15,108 15,108 - - Retained interests 1,114 - - 1,114 December 31, 2015 Mortgage-backed securities $ 83,988 $ - $ 83,988 $ - Margin on derivative agreements 402 402 - - Orchid Island Capital, Inc. common stock 13,853 13,853 - - Retained interests 1,124 - - 1,124
Changes is Level 3 Assets Measured at Fair Value on a Recurring Basis	(in thousands) Retained Interests 2016 2015 Balances, January 1 $ 1,124 $ 1,900 Gain included in earnings 2,425 2,962 Collections (2,435) (3,738) Balances, December 31 $ 1,114 $ 1,124
Quantitative Information About Level 3 Fair Value Measurements	Retained interest fair value ($ in thousands) $ 1,114 CPR Range Prepayment Assumption (Weighted Average) Constant Prepayment Rate 10% (10%) Severity Range Default Assumptions Probability of Default (Weighted Average) Range Of Loss Timing Real Estate Owned 100% 30.5% Next 10 Months Loans in Foreclosure 100% 30.5% Month 4 - 13 Loans 90 Day Delinquent 100% 45% Month 11-28 Loans 60 Day Delinquent 85% 45% Month 11-28 Loans 30 Day Delinquent 75% 45% Month 11-28 Current Loans 2.6% 45% Month 29 and Beyond Remaining Life Range Discount Rate Range Cash Flow Recognition Valuation Technique (Weighted Average) (Weighted Average) Nominal Cash Flows Discounted Cash Flow 12.3 - 14.5 (12.7) 27.50% (27.50%) Discounted Cash Flows Discounted Cash Flow 0.7 - 2.3 (1.3) 27.50% (27.50%)

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	(in thousands) 2016 2015 Management fee $ 4,188 $ 3,978 Allocated overhead 1,301 1,064 Total $ 5,489 $ 5,042

Significant Accounting Policies

Significant Accounting Policies (Organization) (Details) - Bimini Capital Management Inc [Member]	12 Months Ended
	Dec. 31, 2016
Entity Incorporation, Date of Incorporation	Sep. 24, 2003
Entity Incorporation, State Country Name	Maryland

Significant Accounting Polici40

Significant Accounting Policies - Property and Equipment (Details)	12 Months Ended
	Dec. 31, 2016
Computer Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	3
Computer Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	3
Office Furniture and Equipment | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	8
Office Furniture and Equipment | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	20
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	30
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	30

Significant Accounting Polici41

Significant Accounting Policies - Cash (Details)	12 Months Ended
	Dec. 31, 2016USD ($)
Accounting Policies [Abstract]
Uninsured Cash	$ 3,000,000
Federal Deposit Insurance Corporation Per Depositor Limit	$ 250,000

Significant Accounting Polici42

Significant Accounting Policies - Income Taxes (Details)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Earliest Tax Year Open to Examination	2,013

Mortgage-Backed Securities - By

Mortgage-Backed Securities - By Type (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair Value	$ 130,301,989	$ 83,988,399
Total Pass Through Certificates [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair Value	124,299,000	79,288,000
Total Strucutured Certificates [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair Value	6,003,000	4,700,000
Hybrid Adjustable Rate Mortgages [Member] | Total Pass Through Certificates [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair Value	124,299,000	79,170,000
Fixed-rate Mortgages [Member] | Total Pass Through Certificates [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair Value	0	118,000
Interest Only Securities [Member] | Total Strucutured Certificates [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair Value	2,654,000	2,554,000
Inverse Interest Only Securities [Member] | Total Strucutured Certificates [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Fair Value	$ 3,349,000	$ 2,146,000

Mortgage-Backed Securities - 44

Mortgage-Backed Securities - By Maturity (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Mortgage Backed Securities [Abstract]
Greater than five years and less than ten years	$ 0	$ 3,000
Greater than or equal to ten years	130,302,000	83,985,000
Total mortgage-backed securities	$ 130,301,989	$ 83,988,399

Retained Interests In Securit45

Retained Interests In Securitizations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Retained Interestes Securitzations [Line Items]
Retained interests in securitizations	$ 1,113,736	$ 1,124,278
HMAC 2004-2 [Member]
Retained Interestes Securitzations [Line Items]
Issue Date	May 10, 2004
Retained interests in securitizations	$ 143,000	110,000
HMAC 2004-3 [Member]
Retained Interestes Securitzations [Line Items]
Issue Date	June 30, 2004
Retained interests in securitizations	$ 364,000	453,000
HMAC 2004-4 [Member]
Retained Interestes Securitzations [Line Items]
Issue Date	August 16, 2004
Retained interests in securitizations	$ 463,000	75,000
HMAC 2004-5 [Member]
Retained Interestes Securitzations [Line Items]
Issue Date	September 28, 2004
Retained interests in securitizations	$ 144,000	182,000
HMAC 2006-6 [Member]
Retained Interestes Securitzations [Line Items]
Issue Date	November 17, 2004
Retained interests in securitizations	$ 0	$ 304,000

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Property Plant And Equipment [Abstract]
Land	$ 2,247,000	$ 2,247,000
Buildings and Improvements	1,827,000	1,827,000
Computer Equipment and Software	177,000	187,000
Office Furniture and Equipment	180,000	227,000
Property and Equipment, Gross	4,431,000	4,488,000
Accumulated Depreciation	1,024,000	995,000
Property and equipment, net	$ 3,407,040	$ 3,492,612

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Property Plant And Equipment [Abstract]
Depreciation	$ 85,572	$ 91,991

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Prepaid Expense And Other Assets [Abstract]
PrepaidExpenseCurrentAndNoncurrent	$ 756,000	$ 499,000
Servicing advances, net of allowances for doubtful accounts	245,000	546,000
Servicing sale receivable, including accrued interest	309,000	308,000
Investment in Bimini Capital Trust II	804,000	804,000
Due From Affiliates	566,000	465,000
Other	262,000	80,000
Prepaid expenses and other assets, net	$ 2,942,139	$ 2,701,655

Repurchase Agreements - Narrati

Repurchase Agreements - Narrative (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Disclosure of Repurchase Agreements [Abstract]
Repurchase agreements	$ 121,827,586	$ 77,234,249
Repurchase Agreements Weighted Average Borrowing Rates	0.99%	0.61%
Fair Value of securities pledged, including accrued interest receivable	$ 130,071,000	$ 81,464,000
Repurchase Agreement Margin	$ 500,000	$ 0

Repurchase Agreements - Maturit

Repurchase Agreements - Maturities (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Assets Sold under Agreements to Repurchase [Line Items]
Fair Value of securities pledged, including accrued interest receivable	$ 130,071,000	$ 81,464,000
Repurchase agreements	$ 121,827,586	$ 77,234,249
Net weighted average borrowing rate	0.99%	0.61%
Overnight (1 Day or Less) [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Fair Value of securities pledged, including accrued interest receivable	$ 0	$ 0
Repurchase agreements	$ 0	$ 0
Net weighted average borrowing rate	0.00%	0.00%
Between 2 and 30 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Fair Value of securities pledged, including accrued interest receivable	$ 71,565,000	$ 81,464,000
Repurchase agreements	$ 66,919,000	$ 77,234,000
Net weighted average borrowing rate	1.01%	0.61%
Between 31 and 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Fair Value of securities pledged, including accrued interest receivable	$ 41,334,000	$ 0
Repurchase agreements	$ 38,733,000	$ 0
Net weighted average borrowing rate	0.96%	0.00%
Greater Than 90 days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Fair Value of securities pledged, including accrued interest receivable	$ 17,172,000	$ 0
Repurchase agreements	$ 16,176,000	$ 0
Net weighted average borrowing rate	0.98%	0.00%

Derivative Financial Instrume51

Derivative Financial Instruments - Eurodollar Details (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Junior Subordinated Debt [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 26,000,000	$ 26,000,000
Entry Rate	1.91%	2.29%
Weighted Average Effective Rate	2.08%	1.41%
Open Equity	$ 217,000	$ (573,000)
Junior Subordinated Debt [Member] | Year 2016 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount		$ 26,000,000
Entry Rate		1.77%
Weighted Average Effective Rate		0.98%
Open Equity		$ (205,000)
Junior Subordinated Debt [Member] | Year 2017 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 26,000,000	$ 26,000,000
Entry Rate	1.93%	2.49%
Weighted Average Effective Rate	1.28%	1.59%
Open Equity	$ (169,000)	$ (234,000)
Junior Subordinated Debt [Member] | Year 2018 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 26,000,000	$ 26,000,000
Entry Rate	1.84%	2.94%
Weighted Average Effective Rate	1.82%	1.91%
Open Equity	$ (6,000)	$ (134,000)
Junior Subordinated Debt [Member] | Year 2019 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 26,000,000
Entry Rate	1.63%
Weighted Average Effective Rate	2.21%
Open Equity	$ 150,000
Junior Subordinated Debt [Member] | Year 2020 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 26,000,000
Entry Rate	1.95%
Weighted Average Effective Rate	2.45%
Open Equity	$ 132,000
Junior Subordinated Debt [Member] | Year 2021 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 26,000,000
Entry Rate	2.22%
Weighted Average Effective Rate	2.64%
Open Equity	$ 110,000
Repurchase Agreements [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 60,000,000	$ 56,000,000
Entry Rate	2.19%	2.00%
Weighted Average Effective Rate	2.08%	1.41%
Open Equity	$ (325,000)	$ (833,000)
Repurchase Agreements [Member] | Year 2016 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount		$ 56,000,000
Entry Rate		1.45%
Weighted Average Effective Rate		0.98%
Open Equity		$ (264,000)
Repurchase Agreements [Member] | Year 2017 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 60,000,000	$ 56,000,000
Entry Rate	1.32%	2.23%
Weighted Average Effective Rate	1.28%	1.59%
Open Equity	$ (26,000)	$ (362,000)
Repurchase Agreements [Member] | Year 2018 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 60,000,000	$ 56,000,000
Entry Rate	1.90%	2.65%
Weighted Average Effective Rate	1.82%	1.91%
Open Equity	$ (49,000)	$ (207,000)
Repurchase Agreements [Member] | Year 2019 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 60,000,000
Entry Rate	2.32%
Weighted Average Effective Rate	2.21%
Open Equity	$ (69,000)
Repurchase Agreements [Member] | Year 2020 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 60,000,000
Entry Rate	2.60%
Weighted Average Effective Rate	2.45%
Open Equity	$ (88,000)
Repurchase Agreements [Member] | Year 2021 Expiration [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	$ 60,000,000
Entry Rate	2.80%
Weighted Average Effective Rate	2.64%
Open Equity	$ (93,000)

Derivative Financial Instrume52

Derivative Financial Instruments - Income Statement Effect (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
(Losses) gains on derivative instruments	$ (15,638)	$ (1,376,963)
Eurodollar Future [Member]
Derivative Instruments, Gain (Loss) [Line Items]
(Losses) gains on derivative instruments	(318,000)	(930,000)
InterestRateSwaptionMember
Derivative Instruments, Gain (Loss) [Line Items]
(Losses) gains on derivative instruments	$ 302,000	$ (447,000)

Pledged Assets - Assets Pledged

Pledged Assets - Assets Pledged to Counterparties (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Pledged Assets [Line Items]
Mortgage Backed Securities At Fair Value Pledged As Collateral	$ 129,582,386	$ 81,192,199
Interest Receivable	512,760	351,049
Restricted Cash And Cash Equivalents At Carrying Value	1,221,978	401,800
Repurchase Agreements [Member]
Pledged Assets [Line Items]
Interest Receivable	489,000	272,000
Restricted Cash And Cash Equivalents At Carrying Value	456,000	0
Total Assets Pledged To Counterparties	130,527,000	81,464,000
Derivative [Member]
Pledged Assets [Line Items]
Interest Receivable	0	0
Restricted Cash And Cash Equivalents At Carrying Value	766,000	402,000
Total Assets Pledged To Counterparties	766,000	402,000
Total Pledged Financial Instruments [Member]
Pledged Assets [Line Items]
Interest Receivable	489,000	272,000
Restricted Cash And Cash Equivalents At Carrying Value	1,222,000	402,000
Total Assets Pledged To Counterparties	131,293,000	81,866,000
Mortgage Backed Securities Pass Through Certificates [Member] | Repurchase Agreements [Member]
Pledged Assets [Line Items]
Mortgage Backed Securities At Fair Value Pledged As Collateral	124,298,000	79,288,000
Mortgage Backed Securities Pass Through Certificates [Member] | Total Pledged Financial Instruments [Member]
Pledged Assets [Line Items]
Mortgage Backed Securities At Fair Value Pledged As Collateral	124,298,000	79,288,000
Mortgage Backed Securities Structured Certificates [Member] | Repurchase Agreements [Member]
Pledged Assets [Line Items]
Mortgage Backed Securities At Fair Value Pledged As Collateral	5,284,000	1,904,000
Mortgage Backed Securities Structured Certificates [Member] | Total Pledged Financial Instruments [Member]
Pledged Assets [Line Items]
Mortgage Backed Securities At Fair Value Pledged As Collateral	$ 5,284,000	$ 1,904,000

Offsetting Assets and Liabilt54

Offsetting Assets and Liabilties - Offsetting of Liabilties (Details) - Repurchase Agreements [Member] - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Offsetting Liabilities [Line Items]
Gross Amount Of Recognized Liabilties	$ 121,828,000	$ 77,234,000
Gross Amount Of Liabilties Offset In The Balance Sheet	0	0
Net Amount Of Liabilities Presented In The Balance Sheet	121,828,000	77,234,000
Gross Amount Of Financial Instruments Posted Not Offset in Balance Sheet	(121,372,000)	(77,234,000)
Gross Amounts Of Cash Posted Not Offset In Balance Sheet	(456,000)	0
Net Amount Of Liabilities	$ 0	$ 0

Trust Preferred Securities - Na

Trust Preferred Securities - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Debt Instruments [Abstract]
Issuer	Bimini Capital Trust II
Outstanding Principal Balance	$ 26,804,440	$ 26,804,440
Variable Rate Basis	Three Month LIBOR
Basis Spread on Variable Rate	3.50%
Interest Rate at Period End	4.46%

Capital Stock - Narrative (Deta

Capital Stock - Narrative (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Class of Stock [Line Items]
Common Stock Shares Authorized	100,000,000	100,000,000
Common Stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred Shares Authorized	10,000,000	10,000,000
Preferred Stock, par value (in dollars per share)	$ 0.001	$ 0.001
Rights Plan [Abstract]
Preferred Share Purchase Price	$ 47,600
Ownership Threshhold Trigger	4.90%
Rights Redemption Price	$ 0.001
Rights Expiration Date	Dec. 21, 2025
Class A Common Stock [Member]
Class of Stock [Line Items]
Common Stock Shares Authorized	98,000,000	98,000,000
Common Stock, par value (in dollars per share)	$ 0.001	$ 0.001
Class B Common Stock [Member]
Class of Stock [Line Items]
Common Stock Shares Authorized	1,000,000	1,000,000
Common Stock, par value (in dollars per share)	$ 0.001	$ 0.001
Conversion Threshhold	$ 150	$ 150
Maximum Ownership Percentage	3.00%	3.00%
Class C Common Stock [Member]
Class of Stock [Line Items]
Common Stock Shares Authorized	1,000,000	1,000,000
Common Stock, par value (in dollars per share)	$ 0.001	$ 0.001
Conversion Threshhold	$ 150	$ 150
Maximum Ownership Percentage	3.00%	3.00%
Preferred Undesignated [Member]
Class of Stock [Line Items]
Preferred Shares Authorized	9,900,000	6,200,000
Preferred Stock, par value (in dollars per share)	$ 0.001	$ 0.001
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Shares Authorized	100,000	0
Preferred Stock, par value (in dollars per share)	$ 0.001	$ 0.001

Capital Stock - Issuances of Co

Capital Stock - Issuances of Common Stock (Details) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Shares Issued Related To [Line Items]
Vesting Incentive Plan Shares	0	0
Class A Common Stock [Member]
Shares Issued Related To [Line Items]
Directors Compensation	0	48,903
Vesting Incentive Plan Shares	258,333	0
Shares Sold To Employees	0	0
Total Shares Issued During Period	258,333	48,903

Stock Incentive Plans - Descrip

Stock Incentive Plans - Descriptions of Plans (Details) - 2011 Long term Compensation Plan [Member] - Class A Common Stock [Member]	12 Months Ended
	Dec. 31, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum Number of Shares to Be Issued the Plan	4,000,000
Percentage of Outstanding Stock Limitation	10.00%

Stock Incentive Plans - Phantom

Stock Incentive Plans - Phantom Share Awards (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Share Awards Member [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Immediately Vested Shares Granted	258,333
Special Bonus Cash	$ 500,000
Special Bonus Shares Value	$ 200,000
Share Award Weighted Average Price	$ 0.75
Performance Units Member [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Incentive Plan Compensation Expense	$ 27,000	$ 19,000
Unrecognized Compensation Cost	$ 39,000	$ 75,000
Remaining Weighted Average Vesting Period	1 year 6 months 12 days	2 years 6 months 11 days
Intrinsic Value	$ 183,000	$ 62,000

Stock Incentive Plans - Phant60

Stock Incentive Plans - Phantom Share Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Incentive Share Activity, Shares
Nonvested - Beginning Balance	77,500	31,500
Granted	0	46,000
Vested	0	0
Forfeited	(7,500)	0
Nonvested - Ending Balance	70,000	77,500
Incentive Share Activity Weighted Average Grant Date Fair Value
Nonvested - Beginning Balance	$ 1.22	$ 1.78
Granted	0	0.84
Vested	0	0
Forfeited	1.15	0
Nonvested - Ending Balance	$ 1.23	$ 1.22

Committments - Legal Contingenc

Committments - Legal Contingencies Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Litigation Settlement Expense	$ 0	$ 3,500,000
Bimini Capital Management Inc [Member]
Litigation Settlement Expense	$ 3,500,000
Loss Contingency, Name of Plaintiff	Hildene Capital
Loss Contingency, Domicile of Litigation	New York
Loss Contingency, Lawsuit Filing Date	7/16/2010
Litigation Settlement Payment	$ 500,000	2,250,000
Litigation Settlement Remaining Liability	$ 750,000	$ 1,250,000
Litigation Settlement Last Payment	7/15/2019

Income Taxes-Components of Inco

Income Taxes-Components of Income Tax Provision (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Expense (Benefit), Continuing Operations [Abstract]
Current income tax provision (benefit)	$ 143,000	$ 482,000
Deferred income tax provision (benefit)	999,000	(62,932,000)
Income tax provision (benefit)	$ 1,141,718	$ (62,449,791)

Income Taxes - Income Tax Recon

Income Taxes - Income Tax Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$ 1,539,000	$ (1,094,000)
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	245,000	(194,000)
Adjustment to Beginning Deferred Taxes	0	(9,187,000)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	(780,000)	(52,135,000)
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount	138,000	160,000
Income tax provision (benefit)	$ 1,141,718	$ (62,449,791)

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Deferred Tax Assets, Net [Abstract]
Net operating loss caryforwards	$ 96,500,000	$ 99,106,000
Orchid Island Capital, Inc. Common Stock	3,291,000	3,787,000
Mortgage Backed Securites	1,425,000	(379,000)
Management agreement	1,267,000	1,267,000
Tax Hedges	366,000	591,000
Accrued expenses	330,000	528,000
Deferred Tax Assets, Other	697,000	756,000
Deferred Tax Assets, Gross	103,876,000	105,656,000
Valuation Allowance	40,043,000	40,824,000
Deferred tax assets, net	$ 63,833,063	$ 64,832,242

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Bimini Capital Management, Inc. | Federal
Income Taxes [Line Items]
Net Operating Loss Carryforwards	$ 19,100,000	$ 19,100,000
Capital Loss Carryforward	$ 300,000	700,000
Operating Loss Carryforwards, Expiration Dates	Dec. 31, 2028
Capital Loss Carryover Expiration	Dec. 31, 2018
Bimini Capital Management, Inc. | Florida
Income Taxes [Line Items]
Net Operating Loss Carryforwards	$ 18,400,000	18,400,000
Operating Loss Carryforwards, Expiration Dates	Dec. 31, 2028
Royal Palm Capital [Member] | Federal
Income Taxes [Line Items]
Net Operating Loss Carryforwards	$ 256,900,000	261,300,000
Operating Loss Carryforwards, Expiration Dates	Dec. 31, 2025
Royal Palm Capital [Member] | Florida
Income Taxes [Line Items]
Net Operating Loss Carryforwards	$ 29,500,000	33,900,000
Operating Loss Carryforwards, Expiration Dates	Dec. 31, 2025
Bimini Advisors Holdings [Member]
Income Taxes [Line Items]
Infinite Life Intangible	$ 3,200,000	3,200,000
Deferred Tax Asset Infinite Life Intangible	$ 1,300,000	$ 1,300,000

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Class A Common Stock [Member]
Net Income (Loss) Available to Common Stockholders, Diluted [Abstract]
Net Income (Loss) Available to Common Stockholders, Basic	$ 3,378,000	$ 59,079,000
Net Income (Loss) Available to Common Stockholders, Diluted	$ 3,378,000	$ 59,079,000
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Common Shares Outstanding	12,631,627	12,373,294
Unvested Dividend Eligible Shares Outstanding at the Balance Sheet Date	70,000	78,000
Effect of Weighting	(4,000)	(65,000)
Weighted Average Shares - Basic	12,698,122	12,385,938
Weighted Average Shares - Diluted	12,698,122	12,385,938
Income (Loss) Per Share - Basic	$ 0.27	$ 4.77
Income (Loss) Pe Share - Diluted	$ 0.27	$ 4.77
Class B Common Stock [Member]
Net Income (Loss) Available to Common Stockholders, Diluted [Abstract]
Net Income (Loss) Available to Common Stockholders, Basic	$ 8,000	$ 152,000
Net Income (Loss) Available to Common Stockholders, Diluted	$ 8,000	$ 152,000
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Common Shares Outstanding	31,938	31,938
Weighted Average Shares - Basic	31,938	31,938
Weighted Average Shares - Diluted	31,938	31,938
Income (Loss) Per Share - Basic	$ 0.27	$ 4.77
Income (Loss) Pe Share - Diluted	$ 0.27	$ 4.77

Assets and Liabilities Recorded

Assets and Liabilities Recorded at Fair Value on Recurring Basis (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities	$ 130,301,989	$ 83,988,399
Investment In Orchid	15,108,240	13,852,707
Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities	130,302,000	83,988,000
Eurodollar Futures Contracts	766,000	402,000
Retained Interests	1,114,000	1,124,000
Investment In Orchid	15,108,000	13,853,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities	0	0
Eurodollar Futures Contracts	766,000	402,000
Retained Interests	0	0
Investment In Orchid	15,108,000	13,853,000
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities	130,302,000	83,988,000
Eurodollar Futures Contracts	0	0
Retained Interests	0	0
Investment In Orchid	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage-backed securities	0	0
Eurodollar Futures Contracts	0	0
Retained Interests	1,114,000	1,124,000
Investment In Orchid	$ 0	$ 0

Changes in Level 3 Assets Measu

Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis (Details) - Retained Interest [Member] - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 1,124,000	$ 1,900,000
Gain (loss) Included in Earnings	2,425,000	2,962,000
Collections	(2,435,000)	(3,738,000)
Ending Balance	$ 1,114,000	$ 1,124,000

Quantitative Information About

Quantitative Information About Level 3 Fair Value Measurements - Prepayment Assumptions (Details) - Retained Interest [Member]	12 Months Ended
	Dec. 31, 2016
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Prepayment Method	Constant Prepayment Rate
Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Prepayment Range	10.00%
Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Prepayment Range	10.00%
Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Prepayment Range	10.00%

Quantitative Information Abou70

Quantitative Information About Level 3 Fair Value Measurements - Default Assumptions (Details) - Retained Interest [Member]	12 Months Ended
	Dec. 31, 2016
Real Estate Owned [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Probability of Default	100.00%
Range Of Loss Timining	Next 10 Months
Real Estate Owned [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	30.50%
Real Estate Owned [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	30.50%
Real Estate Owned [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	30.50%
Loans In Foreclosure [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Probability of Default	100.00%
Range Of Loss Timining	Month 4 - 13
Loans In Foreclosure [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	30.50%
Loans In Foreclosure [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	30.50%
Loans In Foreclosure [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	30.50%
Loans 90 Days Delinquent [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Probability of Default	100.00%
Range Of Loss Timining	Month 11-28
Loans 90 Days Delinquent [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%
Loans 90 Days Delinquent [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%
Loans 90 Days Delinquent [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%
Loans 60 Days Delinquent [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Probability of Default	85.00%
Range Of Loss Timining	Month 11-28
Loans 60 Days Delinquent [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%
Loans 60 Days Delinquent [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%
Loans 60 Days Delinquent [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%
Loans 30 Days Delinquent [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Probability of Default	75.00%
Range Of Loss Timining	Month 11-28
Loans 30 Days Delinquent [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%
Loans 30 Days Delinquent [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%
Loans 30 Days Delinquent [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%
Current Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Probability of Default	2.60%
Range Of Loss Timining	Month 29 and Beyond
Current Loans [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%
Current Loans [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%
Current Loans [Member] | Weighted Average [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loss Severity Range	45.00%

Quantitative Information Abou71

Quantitative Information About Level 3 Fair Value Measurements - Cash Flow Recognition (Details)	12 Months Ended
	Dec. 31, 2016
Nominal Cashflows [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation Technique	Discounted Cash Flow
Discounted Cashflows [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation Technique	Discounted Cash Flow
Maximum [Member] | Nominal Cashflows [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Remaining Life Range	14.5
Fair Value Inputs Discount Rate	27.50%
Maximum [Member] | Discounted Cashflows [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Remaining Life Range	2.3
Fair Value Inputs Discount Rate	27.50%
Minimum [Member] | Nominal Cashflows [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Remaining Life Range	12.3
Fair Value Inputs Discount Rate	27.50%
Minimum [Member] | Discounted Cashflows [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Remaining Life Range	0.7
Fair Value Inputs Discount Rate	27.50%
Weighted Average [Member] | Nominal Cashflows [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Remaining Life Range	12.7
Fair Value Inputs Discount Rate	27.50%
Weighted Average [Member] | Discounted Cashflows [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Remaining Life Range	1.3
Fair Value Inputs Discount Rate	27.50%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Advisory services	$ 5,488,691	$ 5,041,692
Orchid Island Capital, Inc. [Member]
Related Party Transaction [Line Items]
Advisory services	5,489,000	5,042,000
Orchid Island Capital, Inc. [Member] | Management Fee [Member]
Related Party Transaction [Line Items]
Advisory services	4,188,000	3,978,000
Orchid Island Capital, Inc. [Member] | Allocated Overhead [Member]
Related Party Transaction [Line Items]
Advisory services	$ 1,301,000	$ 1,064,000

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Other assets	$ 2,942,139	$ 2,701,655
Orchid Dividends	$ 2,343,660	$ 1,894,480
Orchid Island Capital Inc [Member]
Related Party Transaction [Line Items]
Shares Owned	1,395,036	1,395,036
Ownership Interest	4.20%	6.40%
Orchid Dividends	$ 2,300,000	$ 1,900,000
Compensation Paid By Orchid	800,000	600,000
Orchid Island Capital Inc [Member] | Due From Related Party [Member]
Related Party Transaction [Line Items]
Other assets	$ 600,000	$ 500,000
First 250 Million [Member] | Orchid Island Capital Inc [Member]
Related Party Transaction [Line Items]
Management Fee Percentage of Equity	1.50%
250 To 500 Million [Member] | Orchid Island Capital Inc [Member]
Related Party Transaction [Line Items]
Management Fee Percentage of Equity	1.25%
Over 500 Million [Member] | Orchid Island Capital Inc [Member]
Related Party Transaction [Line Items]
Management Fee Percentage of Equity	1.00%