Credit Risk and Interest Rate Risk (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Offsetting Assets and Liabilities

The following table presents information about our assets and liabilities that are subject to such arrangements and can potentially be offset on our consolidated statements of financial condition as of June 30, 2023 and December 31, 2022.


	June 30, 2023
	(dollars in thousands)
	Gross Amounts of Recognized Assets (Liabilities)		Gross Amounts Offset in the Consolidated Statements of Financial Position		Net Amounts Offset in the Consolidated Statements of Financial Position		Gross Amounts Not Offset with Financial Assets (Liabilities) in the Consolidated Statements of Financial Position
							Financial Instruments		Cash Collateral (Received) Pledged (1)		Net Amount
Secured financing agreements	$	(2,686,522)	$	—	$	(2,686,522)	$	3,898,631	$	15,304	$	1,227,413
Interest Rate Swaps - Gross Assets	17,890		(11,783)		6,107		—		—		6,107



Swaptions - Gross Assets	16,781		(16,560)		221		—		—		221


Total	$	(2,651,851)	$	(28,343)	$	(2,680,194)	$	3,898,631	$	15,304	$	1,233,741

(1) Included in other assets


	December 31, 2022
	(dollars in thousands)
	Gross Amounts of Recognized Assets (Liabilities)		Gross Amounts Offset in the Consolidated Statements of Financial Position		Net Amounts Offset in the Consolidated Statements of Financial Position		Gross Amounts Not Offset with Financial Assets (Liabilities) in the Consolidated Statements of Financial Position
							Financial Instruments		Cash Collateral (Received) Pledged (1)		Net Amount
Secured financing agreements	$	(3,434,765)	$	—	$	(3,434,765)	$	4,699,722	$	33,415	$	1,298,373
Interest Rate Swaps - Gross Assets	3,716		—		3,716		—		13,179		16,895
Interest Rate Swaps - Gross Liabilities	(14,074)		14,074		—		—		27,678		27,678


Swaptions - Gross Assets	15,077		(14,697)		380		—		—		380


Total	$	(3,430,046)	$	(623)	$	(3,430,669)	$	4,699,722	$	74,271	$	1,343,326

(1) Included in other assets