REPURCHASE AGREEMENTS AND OTHER BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2017

Disclosure of Repurchase Agreements [Abstract]

Schedule of repurchase agreements and remaining maturities

As of September 30, 2017 and 2016, 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, 2017
Fair market value of securities pledged, including
	accrued interest receivable	$	-	$	2,506,628	$	941,339	$	484,607	$	3,932,574
Repurchase agreement liabilities associated with
	these securities	$	-	$	2,358,459	$	897,376	$	454,242	$	3,710,077
Net weighted average borrowing rate			-		1.34%		1.34%		1.57%		1.37%
December 31, 2016
Fair market value of securities pledged, including
	accrued interest receivable	$	-	$	2,284,815	$	686,065	$	-	$	2,970,880
Repurchase agreement liabilities associated with
	these securities	$	-	$	2,154,766	$	638,939	$	-	$	2,793,705
Net weighted average borrowing rate			-		1.01%		0.96%		-		1.00%