Offsetting Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2021

Offsetting Assets and Liabilities

Schedule of offsetting assets and liabilities

The following tables present the potential effects of netting arrangements on our financial position for financial assets and liabilities within the scope of ASC 210-20, Balance Sheet—Offsetting, which for us are derivative assets and liabilities as well as repurchase agreement liabilities (amounts in thousands):

							(iv)
							Gross Amounts Not
							Offset in the Statement
			(ii)		(iii) = (i) - (ii)		of Financial Position
			Gross Amounts		Net Amounts				Cash
	(i)		Offset in the		Presented in				Collateral
	Gross Amounts		Statement of		the Statement of		Financial		Received /		(v) = (iii) - (iv)
	Recognized		Financial Position		Financial Position		Instruments		Pledged		Net Amount
As of March 31, 2021
Derivative assets	$	38,029	$	—	$	38,029	$	11,491	$	24,235	$	2,303
Derivative liabilities	$	34,805	$	—	$	34,805	$	11,491	$	22,618	$	696
Repurchase agreements		6,947,488		—		6,947,488		6,947,488		—		—
	$	6,982,293	$	—	$	6,982,293	$	6,958,979	$	22,618	$	696
As of December 31, 2020
Derivative assets	$	40,555	$	—	$	40,555	$	6,716	$	33,772	$	67
Derivative liabilities	$	41,324	$	—	$	41,324	$	6,716	$	27,416	$	7,192
Repurchase agreements		5,808,807		—		5,808,807		5,808,807		—		—
	$	5,850,131	$	—	$	5,850,131	$	5,815,523	$	27,416	$	7,192