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| Maryland                                                      |   | 27-3269228                          |
|---------------------------------------------------------------|--------|-------------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (I.R.S. EmployerIdentification No.) |

| Title of Each Class           | Name of Each Exchange on Which Registered |
|-------------------------------|-------------------------------------------|
| Common Stock, $0.01 par value | New York Stock Exchange                   |

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|                   |                                    |   | Page   |   |
|------------------------|-----------------------------------------|--------|--------|--------|
|  EXPLANATORY NOTE |                                    |   |   | 1      |   |
|                   | PART IV                                 |   |   |   |   |
| ITEM 15.               | Exhibits, Financial Statement Schedules |   |   | 2      |   |
|                   |                                    |   |   |   |
|                   |                                    |   |   |   |

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| a.   | Financial Statements. The financial statements of the Company, together with the report of Independent Registered Public Accounting Firm thereon, are set forth in Part II-Item 8 of the Form 10-K filed with the U.S. Securities and Exchange Commission on February 24, 2015 (the “Form 10-K”) and are incorporated herein by reference. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                    |
|---------------------------------------------------------|
| Report of Independent Registered Public Accounting Firm |
| Balance Sheets                                          |
| Statements of Operations                                |
| Statements of Stockholders’ Equity                |
| Statements of Cash Flows                                |
| Notes to Financial Statements                           |

| b.   | Financial Statement Schedules. |
|----------------|--------------------------------|

| c.   | Exhibits. |
|----------------|-----------|

| Exhibit No.          |   | Description                                                                                                                                                                                                                                                                                                                           |
|----------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.1                  |   | Equity Distribution Agreement, dated June 17, 2014, by and between the Company, Bimini Advisors, LLC, Ladenburg Thalmann & Co. Inc. and Mitsubishi UFJ Securities (USA), Inc. (filed as Exhibit 1.1 to Form 8-K filed on June 17, 2014 and incorporated herein by reference)                                                      |
| 1.2                  |   | Equity Distribution Agreement, dated September 3, 2014, by and between the Company, Bimini Advisors, LLC, Ladenburg Thalmann & Co. Inc. and Mitsubishi UFJ Securities (USA), Inc. (filed as Exhibit 1.1 to Form 8-K filed on September 3, 2014 and incorporated herein by reference)                                              |
| 3.1                  |   | Articles of Amendment and Restatement of Orchid Island Capital, Inc. (filed as Exhibit 3.1 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference)                                                                        |
| 3.2                  |   | Amended and Restated Bylaws of Orchid Island Capital, Inc. (filed as Exhibit 3.2 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference)                                                                                  |
| 4.1                  |   | Specimen Certificate of common stock of Orchid Island Capital, Inc. (filed as Exhibit 4.1 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference)                                                                         |
| 10.1                 |   | Form of Management Agreement between Orchid Island Capital, Inc. and Bimini Advisors, LLC (filed as Exhibit 10.1 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference)                                                  |
| 10.2                 |   | Form of Investment Allocation Agreement by and among Orchid Island Capital, Inc., Bimini Advisors, LLC and Bimini Capital Management, Inc. (filed as Exhibit 10.2 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference) |
| 10.3                 |   | 2012 Equity Incentive Plan (filed as Exhibit 10.3 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference)*                                                                                                                |
| 10.4                 |   | Form of Indemnification Agreement by and between Orchid Island Capital, Inc. and Indemnitee (filed as Exhibit 10.4 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference)*                                               |
| 10.5            |   | Form of Master Repurchase Agreement (filed as Exhibit 10.5 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference)                                                                                                        |
| 10.6                 |   | Performance Unit Award Agreement by Orchid Island Capital, Inc. to Robert E. Cauley dated January 21, 2015 (filed as Exhibit 99.2 to Form 8-K filed on January 23, 2015 and incorporated herein by reference)*                                                                                                                        |
| 10.7                 |   | Performance Unit Award Agreement by Orchid Island Capital, Inc. to G. Hunter Haas, IV dated January 21, 2015 (filed as Exhibit 99.4 to Form 8-K filed on January 23, 2015 and incorporated herein by reference)*                                                                                                                      |
| 23.1                 |   | Consent of BDO USA, LLP**                                                                                                                                                                                                                                                                                                             |
| 31.1                 |   | Certification of Robert E. Cauley, Chief Executive Officer and President of the Registrant, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.**                                                                                                                                                                              |
| 31.2                 |   | Certification of G. Hunter Haas, IV, Chief Financial Officer of the Registrant, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.**                                                                                                                                                                                          |
| 32.1                 |   | Certification of Robert E. Cauley, Chief Executive Officer and President of the Registrant, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.***                                                                                                                               |
| 32.2                 |   | Certification of G. Hunter Haas, IV, Chief Financial Officer of the Registrant, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.***                                                                                                                                           |
| Exhibit 101.INS XBRL |   | Instance Document ****                                                                                                                                                                                                                                                                                                                |
| Exhibit 101.SCH XBRL |   | Taxonomy Extension Schema Document ****                                                                                                                                                                                                                                                                                               |
| Exhibit 101.CAL XBRL |   | Taxonomy Extension Calculation Linkbase Document****                                                                                                                                                                                                                                                                                  |
| Exhibit 101.DEF XBRL |   | Additional Taxonomy Extension Definition Linkbase Document Created****                                                                                                                                                                                                                                                                |
| Exhibit 101.LAB XBRL |   | Taxonomy Extension Label Linkbase Document ****                                                                                                                                                                                                                                                                                       |
| Exhibit 101.PRE XBRL |   | Taxonomy Extension Presentation Linkbase Document ****                                                                                                                                                                                                                                                                                |

| **** | Submitted as an exhibit to the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2014 filed on February 24, 2015. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                                     |   |   | Orchid Island Capital, Inc.                                                                                               |   |
|------------------------------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                     |   |   |                                                                                                                      |   |
|                                                                                     |   |   |                                                                                                                      |   |
|                                                                                     |   |   |                                                                                                                      |   |
| Date:           February 26, 2015 |   | By:    | /s/ Robert E. Cauley                                                                                                      |   |
|                                                                                     |   |   | Robert E. CauleyChief Executive Officer, President and Chairman of the Board                                              |
|                                                                                     |   |   |                                                                                                                      |   |
| Date:           February 26, 2015 |   | By:    | /s/ G. Hunter Haas, IV                                                                                                    |   |
|                                                                                     |   |   | G. Hunter Haas, IVSecretary, Chief Financial Officer, Chief Investment Officer and Director (Principal Financial Officer) |

| /s/ Robert E. Cauley     |   | Chairman of the Board, Director, Chief |   | February 26, 2015 |
|--------------------------|--------|------------------------------------------------------------|--------|-------------------|
| Robert E. Cauley         |   | Executive Officer, and President                           |   |              |
|                     |   | (Principal Executive Officer)                              |   |              |
|                     |   |                                                       |   |              |
| /s/ G. Hunter Haas, IV   |   | Chief Financial Officer, Chief                             |   | February 26, 2015 |
| G. Hunter Haas, IV       |   | Investment Officer, and Director                           |   |              |
|                     |   | (Principal Financial Officer)                              |   |              |
|                     |   |                                                       |   |              |
| /s/ Jerry Sintes         |   | Treasurer                                                  |   | February 26, 2015 |
| Jerry Sintes             |   | (Principal Accounting Officer)                             |   |              |
|                     |   |                                                       |   |              |
| /s/ W Coleman Bitting    |   | Independent Director                                       |   | February 26, 2015 |
| W Coleman Bitting        |   |                                                       |   |              |
|                     |   |                                                       |   |              |
| /s/ John B. Van Heuvelen |   | Independent Director                                       |   | February 26, 2015 |
| John B. Van Heuvelen     |   |                                                       |   |              |
|                     |   |                                                       |   |              |
| /s/ Frank P. Filipps     |   | Independent Director                                       |   | February 26, 2015 |
| Frank P. Filipps         |   |                                                       |   |              |
|                     |   |                                                       |   |              |
| /s/ Ava L. Parker        |   | Independent Director                                       |   | February 26, 2015 |
| Ava L. Parker            |   |                                                       |   |              |

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| Exhibit No.          |   | Description                                                                                                                                                                                                                                                                                                                           |
|----------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.1                  |   | Equity Distribution Agreement, dated June 17, 2014, by and between the Company, Bimini Advisors, LLC, Ladenburg Thalmann & Co. Inc. and Mitsubishi UFJ Securities (USA), Inc. (filed as Exhibit 1.1 to Form 8-K filed on June 17, 2014 and incorporated herein by reference)                                                      |
| 1.2                  |   | Equity Distribution Agreement, dated September 3, 2014, by and between the Company, Bimini Advisors, LLC, Ladenburg Thalmann & Co. Inc. and Mitsubishi UFJ Securities (USA), Inc. (filed as Exhibit 1.1 to Form 8-K filed on September 3, 2014 and incorporated herein by reference)                                              |
| 3.1                  |   | Articles of Amendment and Restatement of Orchid Island Capital, Inc. (filed as Exhibit 3.1 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference)                                                                        |
| 3.2                  |   | Amended and Restated Bylaws of Orchid Island Capital, Inc. (filed as Exhibit 3.2 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference)                                                                                  |
| 4.1                  |   | Specimen Certificate of common stock of Orchid Island Capital, Inc. (filed as Exhibit 4.1 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference)                                                                         |
| 10.1                 |   | Form of Management Agreement between Orchid Island Capital, Inc. and Bimini Advisors, LLC (filed as Exhibit 10.1 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference)                                                  |
| 10.2                 |   | Form of Investment Allocation Agreement by and among Orchid Island Capital, Inc., Bimini Advisors, LLC and Bimini Capital Management, Inc. (filed as Exhibit 10.2 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference) |
| 10.3                 |   | 2012 Equity Incentive Plan (filed as Exhibit 10.3 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference)*                                                                                                                |
| 10.4                 |   | Form of Indemnification Agreement by and between Orchid Island Capital, Inc. and Indemnitee (filed as Exhibit 10.4 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference)*                                               |
| 10.5            |   | Form of Master Repurchase Agreement (filed as Exhibit 10.5 to the Company’s Registration Statement on Amendment No. 1 to Form S-11 (File No.333-184538) filed on November 28, 2012 and incorporated herein by reference)                                                                                                        |
| 10.6                 |   | Performance Unit Award Agreement by Orchid Island Capital, Inc. to Robert E. Cauley dated January 21, 2015 (filed as Exhibit 99.2 to Form 8-K filed on January 23, 2015 and incorporated herein by reference)*                                                                                                                        |
| 10.7                 |   | Performance Unit Award Agreement by Orchid Island Capital, Inc. to G. Hunter Haas, IV dated January 21, 2015 (filed as Exhibit 99.4 to Form 8-K filed on January 23, 2015 and incorporated herein by reference)*                                                                                                                      |
| 23.1                 |   | Consent of BDO USA, LLP**                                                                                                                                                                                                                                                                                                             |
| 31.1                 |   | Certification of Robert E. Cauley, Chief Executive Officer and President of the Registrant, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.**                                                                                                                                                                              |
| 31.2                 |   | Certification of G. Hunter Haas, IV, Chief Financial Officer of the Registrant, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.**                                                                                                                                                                                          |
| 32.1                 |   | Certification of Robert E. Cauley, Chief Executive Officer and President of the Registrant, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.***                                                                                                                               |
| 32.2                 |   | Certification of G. Hunter Haas, IV, Chief Financial Officer of the Registrant, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.***                                                                                                                                           |
| Exhibit 101.INS XBRL |   | Instance Document ****                                                                                                                                                                                                                                                                                                                |
| Exhibit 101.SCH XBRL |   | Taxonomy Extension Schema Document ****                                                                                                                                                                                                                                                                                               |
| Exhibit 101.CAL XBRL |   | Taxonomy Extension Calculation Linkbase Document****                                                                                                                                                                                                                                                                                  |
| Exhibit 101.DEF XBRL |   | Additional Taxonomy Extension Definition Linkbase Document Created****                                                                                                                                                                                                                                                                |
| Exhibit 101.LAB XBRL |   | Taxonomy Extension Label Linkbase Document ****                                                                                                                                                                                                                                                                                       |
| Exhibit 101.PRE XBRL |   | Taxonomy Extension Presentation Linkbase Document ****                                                                                                                                                                                                                                                                                |

| **** | Submitted as an exhibit to the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2014 filed on February 24, 2015. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------|