1
Exhibit 31.1
CERTIFICATIONS
I, Robert E. Cauley, certify
that:
I have reviewed this quarterly report on Form 10-Q of Orchid Island
Capital, Inc. (the "registrant");
Based on my knowledge, this report does not contain any untrue statement of
a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under
which such statements were made, not misleading
with respect to the period covered by this report;
Based on my knowledge, the financial statements, and other financial information
included in this report, fairly present in all
material respects the financial condition, results of operations and cash flows
of the registrant as of, and for, the periods
presented in this report;
The registrant's other certifying officer and I are responsible
for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
control over financial reporting (as defined in
Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
a)
designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under
our supervision, to ensure that material information relating to the registrant,
including its consolidated subsidiaries, is
made known to us by others within those entities, particularly during the period
in which this report is being prepared;
b)
designed such internal control over financial reporting, or caused such
internal control over financial reporting to be
designed under our supervision, to provide reasonable assurance regarding
the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance
with generally accepted accounting principles;
c)
evaluated the effectiveness of the registrant's disclosure controls
and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls and
procedures, as of the end of the period covered by this
report based on such evaluation; and
d)
disclosed in this report any change in the registrant’s
internal control over financial reporting that occurred during the
registrant’s most recent fiscal quarter
(the registrant’s fourth fiscal quarter
in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect,
the registrant’s internal control over
financial reporting; and
The registrant's other certifying officer and I have disclosed, based
on our most recent evaluation of internal control over
financial reporting, to the registrant's auditors and the audit committee of the registrant's board
of directors (or persons
performing the equivalent functions):
a)
all significant deficiencies and material weaknesses in the design or operation
of internal control over financial reporting
which are reasonably likely to adversely affect the registrant's ability to
record, process, summarize and report financial
information; and
b)
any fraud, whether or not material, that involves management or other employees
who have a significant role in the
registrant's internal control over financial reporting.
Date: August 5, 2022
/s/ Robert E. Cauley
Robert E. Cauley
Chairman of the Board, Chief Executive Officer and
President
