OFFSETTING ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2019

Offsetting [Abstract]

Offsetting of Liabilties [Table Text Block]

The Company’s repurchase agreements are subject to underlying agreements with master netting or similar arrangements, which provide for the right of offset in the event of default or in the event of bankruptcy of either party to the transactions. The Company reports its assets and liabilities subject to these arrangements on a gross basis. The following table presents information regarding those assets and liabilities subject to such arrangements as if the Company had presented them on a net basis as of December 31, 2019 and 2018.

(in thousands)
Offsetting of Liabilities
					Net Amount		Gross Amount Not Offset in the
					of Liabilities		Consolidated Balance Sheet
			Gross Amount		Presented		Financial
	Gross Amount		Offset in the		in the		Instruments		Cash
	of Recognized		Consolidated		Consolidated		Posted as		Posted as		Net
	Liabilities		Balance Sheet		Balance Sheet		Collateral		Collateral		Amount
December 31, 2019
Repurchase Agreements	$	209,954	$	-	$	209,954	$	(206,176)	$	(3,778)	$	-
TBA securities		59		-		59		-		-		59
	$	210,013	$	-	$	210,013	$	(206,176)	$	(3,778)	$	59
December 31, 2018
Repurchase Agreements	$	200,396	$	-	$	200,396	$	(200,166)	$	(230)	$	-
TBA securities		938		-		938		-		(543)		395
	$	201,334	$	-	$	201,334	$	(200,166)	$	(773)	$	395