The Company's repurchase agreements typically have maturities of less than six months at inception, with some having longer terms. Should a counterparty decide not to renew a repurchase agreement at maturity, the Company must either refinance with another lender or be in a position to satisfy the obligation. If, during the term of a repurchase agreement, a lender should file for bankruptcy, the Company might experience difficulty recovering its pledged assets, which could result in an unsecured claim against the lender for the difference between the amount loaned to the Company plus interest due to the counterparty and the fair value of the collateral pledged to such lender, including the accrued interest receivable and cash posted by the Company as collateral.

As of June 30, 2013, the Company had outstanding repurchase agreement obligations of approximately $346.2 million with a net weighted average borrowing rate of 0.39%. These agreements were collateralized by MBS with a fair value, including accrued interest, of approximately $357.2 million, and approximately $6.6 million of cash posted as collateral with the counterparties. As of December 31, 2012, the Company had outstanding repurchase agreement obligations of approximately $150.3 million with a net weighted average borrowing rate of 0.49%. These agreements were collateralized by MBS with a fair value of approximately $158.8 million and $0.6 million of cash posted as collateral with the counterparties.

As of June 30, 2013 and December 31, 2012, the Company's repurchase agreements had remaining maturities as summarized below:

(in thousands)
		OVERNIGHT		BETWEEN 2		BETWEEN 31			GREATER
		(1 DAY OR		AND		AND			THAN
		LESS)		30 DAYS		90 DAYS			90 DAYS		TOTAL
June 30, 2013
Fair value of securities pledged, including accrued
	interest receivable	$	5,172	$	294,366	$	57,661	$	-	$	357,199
Repurchase agreement liabilities associated with
	these securities	$	4,966	$	284,518	$	56,713	$	-	$	346,197
Net weighted average borrowing rate			0.38%		0.38%		0.39%		-		0.39%
December 31, 2012
Fair value of securities pledged, including accrued
	interest receivable	$	-	$	158,765	$	-	$	-	$	158,765
Repurchase agreement liabilities associated with
	these securities	$	-	$	150,294	$	-	$	-	$	150,294
Net weighted average borrowing rate			-		0.49%		-		-		0.49%

As of June 30, 2013, the outstanding repurchase obligations of the consolidated VIE included in the table above was $308.7 million.

If, during the term of a repurchase agreement, a lender should file for bankruptcy, the Company might experience difficulty recovering its pledged assets, which could result in an unsecured claim against the lender for the difference between the amount loaned to the Company plus interest due to the counterparty and the fair value of the collateral pledged to such lender, including the accrued interest receivable and cash posted by the Company as collateral. At June 30, 2013 and December 31, 2012, the Company had a maximum amount at risk (the difference between the amount loaned to the Company, including interest payable, and the fair value of securities pledged, including accrued interest on such securities and the cash posted by the Company as collateral) of approximately $17.6 million and approximately $9.0 million, respectively. Summary information regarding amounts at risk with individual counterparties greater than 10% of equity at June 30, 2013 and December 31, 2012 is as follows:

(in thousands)
			Amount	Weighted Average Maturity of Repurchase
Repurchase Agreement Counterparties			at Risk⁽¹⁾	Agreements in Days
June 30, 2013
	Citigroup Global Markets, Inc.	$	6,259	28
	CRT Capital Group LLC		3,695	23
December 31, 2012
	Citigroup Global Markets, Inc.	$	3,714	18
	South Street Securities, LLC		1,802	7
	SunTrust Robinson Humphrey, Inc.		1,123	7
	The PrinceRidge Group, LLC		979	15
	KGS - Alpha Capital Markets, L.P.		843	21
	Cantor Fitzgerald & Co.		541	4

At June 30, 2013, Bimini Capital had a maximum amount at risk (the difference between the amount loaned to Bimini Capital, including interest payable, and the fair value of securities pledged, including accrued interest on such securities and cash posted by the Company as collateral) of approximately $1.8 million. Summary information regarding amounts at risk with individual counterparties greater than 10% of stockholders' equity attributable to Bimini Capital equity at June 30, 2013 is as follows:

(in thousands)
			Amount	Weighted Average Maturity of Repurchase
Repurchase Agreement Counterparties			at Risk⁽¹⁾	Agreements in Days
June 30, 2013
	SunTrust Robinson Humphrey, Inc.	$	826	19
	The PrinceRidge Group, LLC		479	17
	Pierpont Securities, LLC		322	24
	South Street Securities, LLC		152	24