PLEDGED ASSETS (Tables)

Assets Pledged to Counterparties

The table below summarizes our assets pledged as collateral under our repurchase agreements, prime brokerage clearing accounts, derivative agreements and insurance capital by type, including securities pledged related to securities sold but not yet settled, as of September 30, 2017 and December 31, 2016.

(in thousands)
		September 30, 2017
		Repurchase		Derivative
Assets Pledged to Counterparties		Agreements		Agreements		Total
PT RMBS - fair value	$	3,779,375	$	-	$	3,779,375
Structured RMBS - fair value		138,050		-		138,050
Accrued interest on pledged securities		15,150		-		15,150
Restricted cash		11,999		7,630		19,629
Total	$	3,944,574	$	7,630	$	3,952,204

(in thousands)
		December 31, 2016
		Repurchase		Clearing		Derivative		Insurance
Assets Pledged to Counterparties		Agreements		Margin		Agreements		Capital⁽¹⁾		Total
PT RMBS - fair value	$	2,854,062	$	-	$	-	$	1,065	$	2,855,127
Structured RMBS - fair value		106,195		10,968		-		-		117,163
Accrued interest on pledged securities		10,623		266		-		4		10,893
Restricted cash		10,835		-		9,865		250		20,950
Total	$	2,981,715	$	11,234	$	9,865	$	1,319	$	3,004,133

Assets Pledged from Counterparties

The table below summarizes our assets pledged to us from counterparties under our repurchase agreements as of September 30, 2017 and December 31, 2016.

(in thousands)
	September 30, 2017							December 31, 2016
	Repurchase		Derivative				Repurchase		Derivative
Assets Pledged to Orchid	Agreements		Agreements		Total		Agreements		Agreements		Total
Cash	$	253	$	4,643	$	4,896	$	1,029	$	-	$	1,029
PT RMBS - fair value		1,768		-		1,768		-		-		-
U.S. Treasury securities - fair value		-		-		-		3,438		-		3,438
Total	$	2,021	$	4,643	$	6,664	$	4,467	$	-	$	4,467

Orchid Island Casualty, Inc. was required to maintain sufficient capital in the form of cash and securities to protect it against losses.