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SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPOs) (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE (REPOs) [Abstract]      
Balance outstanding at end of period $ 0 $ 0 $ 195,000
Average interest cost at end of period (in hundredths) 0.00% 0.00% 4.33%
Average balance outstanding during period 0 132,910 195,000
Average interest cost during the period (in hundredths) 0.00% [1] 26.24% [1] 4.33%
Estimated fair value of underlying collateral 0 0 214,446
Maximum balance outstanding at month end during the year 0 195,000 195,000
Prepayment charge included in interest expense $ 0 $ 28,772 $ 0
Average interest cost related to prepayment charge (in hundredths) 0.00% 4.33% 4.33%
[1] Excluding a prepayment charge of $28,772 included in interest expense on borrowed funds in the consolidated statements of operations, the average interest cost would have been 4.33% during the year ended December 31, 2012.