Securities Purchased under Resale Agreements and Sold under Repurchase Agreements (Tables)

3 Months Ended

Mar. 31, 2025

RESALE AND REPURCHASE AGREEMENTS [Abstract]

Schedule of Resale and Repurchase Agreements

The following tables present the resale and repurchase agreements included on the Consolidated Balance Sheet as of March 31, 2025 and December 31, 2024:

($ in thousands)	March 31, 2025
	Gross Amounts of Recognized Assets		Gross Amounts Offset on the Consolidated Balance Sheet		Net Amounts of Assets Presented on the Consolidated Balance Sheet		Gross Amounts Not Offset on the Consolidated Balance Sheet
Assets							Collateral Received (1)		Net Amount
Resale agreements	$	425,000	$	—	$	425,000	$	(343,590)	$	81,410
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset on the Consolidated Balance Sheet		Net Amounts of Liabilities Presented on the Consolidated Balance Sheet		Gross Amounts Not Offset on the Consolidated Balance Sheet		Net Amount
Liabilities							Collateral Pledged (2)
Repurchase agreements	$	270,111	$	—	$	270,111	$	(270,111)	$	—

($ in thousands)	December 31, 2024
	Gross Amounts of Recognized Assets		Gross Amounts Offset on the Consolidated Balance Sheet		Net Amounts of Assets Presented on the Consolidated Balance Sheet		Gross Amounts Not Offset on the Consolidated Balance Sheet
Assets							Collateral Received (1)		Net Amount
Resale agreements	$	425,000	$	—	$	425,000	$	(329,603)	$	95,397

(1)Represents the fair value of assets the Company has received under resale agreements, limited for table presentation purposes to the amount of the recognized asset due from each counterparty. The application of collateral cannot reduce the net position below zero. Therefore, excess collateral, if any, is not reflected above.

(2)Represents the fair value of assets the Company has pledged under repurchase agreements, limited for table presentation purposes to the amount of the recognized liability due to each counterparty. The application of collateral cannot reduce the net position below zero. Therefore, excess collateral, if any, is not reflected above.