Repurchase Agreements (Tables)

12 Months Ended

Dec. 31, 2012

Disclosure of Repurchase Agreements [Abstract]

As of December 31, 2012 and 2011, 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
December 31, 2012
Fair market value of securities pledged, including
	accrued interest receivable	$	-	$	109,863	$	-	$	-	$	109,863
Repurchase agreement liabilities associated with
	these securities	$	-	$	103,941	$	-	$	-	$	103,941
Net weighted average borrowing rate			-		0.49%		-		-		0.49%
December 31, 2011
Fair market value of securities pledged, including
	accrued interest receivable	$	-	$	46,788	$	-	$	-	$	46,788
Repurchase agreement liabilities associated with
	these securities	$	-	$	44,325	$	-	$	-	$	44,325
Net weighted average borrowing rate			-		0.44%		-		-		0.44%

Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets

Summary information regarding the Company's amounts at risk with individual counterparties greater than 10% of the Company's equity at December 31, 2012 and 2011 is as follows:

(in thousands)
			Amount	Weighted Average Maturity of Repurchase
Repurchase Agreement Counterparties			at Risk⁽¹⁾	Agreements in Days
December 31, 2012
	Citigroup Global Markets, Inc.	$	3,714	18
	South Street Securities, LLC		1,802	7
December 31, 2011
	Nomura Securities International, Inc.	$	2,100	30

(1) Equal to the fair value of securities sold, cash posted as collateral, plus accrued interest receivable, minus the sum of repurchase agreement liabilities and accrued interest payable.