Ready Capital Corp
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
RC$1.01-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Financial Statements and Supplementary Data
| | |
|---|---|
| INDEX TO CONSOLIDATED FINANCIAL STATEMENTS AND SCHEDULE | |
| | |
| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PCAOB ID 34) | |
| | |
| CONSOLIDATED BALANCE SHEETS | 101 |
| | |
| CONSOLIDATED STATEMENTS OF INCOME | 102 |
| | |
| CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | 103 |
| | |
| CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY | 104 |
| | |
| CONSOLIDATED STATEMENTS OF CASH FLOWS | 105 |
| | |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS | 106 |
| NOTE 1. ORGANIZATION | 106 |
| NOTE 2. BASIS OF PRESENTATION | 108 |
| NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 108 |
| NOTE 4. RECENT ACCOUNTING PRONOUNCEMENTS | 119 |
| NOTE 5. BUSINESS COMBINATIONS | 120 |
| NOTE 6. LOANS AND ALLOWANCE FOR CREDIT LOSSES | 122 |
| NOTE 7. FAIR VALUE MEASUREMENTS | 128 |
| NOTE 8. SERVICING RIGHTS | 132 |
| NOTE 9. DISCONTINUED OPERATIONS AND ASSETS AND LIABILITIES HELD FOR SALE | 133 |
| NOTE 10. SECURED BORROWINGS | 134 |
| NOTE 11. SENIOR SECURED NOTES, CONVERTIBLE NOTES, AND CORPORATE DEBT, NET | 135 |
| NOTE 12. GUARANTEED LOAN FINANCING | 137 |
| NOTE 13. VARIABLE INTEREST ENTITIES AND SECURITIZATION ACTIVITIES | 138 |
| NOTE 14. INTEREST INCOME AND INTEREST EXPENSE | 140 |
| NOTE 15. DERIVATIVE INSTRUMENTS | 140 |
| NOTE 16. REAL ESTATE OWNED, HELD FOR SALE | 141 |
| NOTE 17. AGREEMENTS AND TRANSACTIONS WITH RELATED PARTIES | 142 |
| NOTE 18. OTHER ASSETS AND OTHER LIABILITIES | 143 |
| NOTE 19. OTHER INCOME AND OPERATING EXPENSES | 144 |
| NOTE 20. REDEEMABLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY | 146 |
| NOTE 21. EARNINGS PER SHARE OF COMMON STOCK | 149 |
| NOTE 22. OFFSETTING ASSETS AND LIABILITIES | 150 |
| NOTE 23. FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK, CREDIT RISK, AND CERTAIN OTHER RISKS | 151 |
| NOTE 24. COMMITMENTS, CONTINGENCIES AND INDEMNIFICATIONS | 153 |
| NOTE 25. INCOME TAXES | 153 |
| NOTE 26. SEGMENT REPORTING | 155 |
| NOTE 27. SUBSEQUENT EVENTS | 157 |
| | |
| SCHEDULE IV – MORTGAGE LOANS ON REAL ESTATE | 158 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.