Repurchase Agreements (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure of Repurchase Agreements [Abstract]

Schedule of Repurchase Agreements

As of September 30, 2014 and December 31, 2013, 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
September 30, 2014
Fair market value of securities pledged, including
	accrued interest receivable	$	48,439	$	695,152	$	462,617	$	119,449	$	1,325,657
Repurchase agreement liabilities associated with
	these securities	$	47,080	$	660,293	$	436,110	$	112,495	$	1,255,978
Net weighted average borrowing rate			0.32%		0.34%		0.34%		0.38%		0.34%
December 31, 2013
Fair market value of securities pledged, including
	accrued interest receivable	$	-	$	326,348	$	10,650	$	-	$	336,998
Repurchase agreement liabilities associated with
	these securities	$	-	$	308,402	$	10,155	$	-	$	318,557
Net weighted average borrowing rate			-		0.39%		0.37%		-		0.39%

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 September 30, 2014 and December 31, 2013 is as follows:

($ in thousands)
			% of	Weighted
			Stockholders'	Average
		Amount	Equity	Maturity
Repurchase Agreement Counterparties		at Risk	at Risk	(in Days)
September 30, 2014
Citigroup Global Markets, Inc.	$	19,074	11.0%	20
December 31, 2013
Citigroup Global Markets, Inc.	$	5,487	12.3%	11