PLEDGED ASSETS

12 Months Ended

Dec. 31, 2019

Financial Instruments Pledged as Collateral [Abstract]

Pledged Assets [Text Block]

NOTE 8. PLEDGED ASSETS

Assets Pledged to Counterparties

The table below summarizes Bimini’s assets pledged as collateral under its repurchase agreements and derivative agreements as of December 31, 2019 and 2018.

($ in thousands)
	December 31, 2019						December 31, 2018
		Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Counterparties		Agreements		Agreements		Total		Agreements		Agreements		Total
PT MBS - at fair value	$	216,231	$	-	$	216,231	$	209,675	$	-	$	209,675
Structured MBS - at fair value		1,562		-		1,562		2,675		-		2,675
Accrued interest on pledged securities		749		-		749		777		-		777
Cash		3,778		537		4,315		230		1,063		1,293
Total	$	222,320	$	537	$	222,857	$	213,357	$	1,063	$	214,420

Assets Pledged from Counterparties

The table below summarizes assets pledged to Bimini from counterparties under repurchase agreements as of December 31, 2019 and 2018.

($ in thousands)
Assets Pledged to Bimini	December 31, 2019		December 31, 2018
Repurchase agreements	$	-	$	371
Total	$	-	$	371

Cash received as margin is recognized in cash and cash equivalents with a corresponding amount recognized as an increase in repurchase agreements in the consolidated balance sheets.