OFFSETTING ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2017

Offsetting Assets And Liabilities [Abstract]

Offsetting of Assets [Table Text Block]

The following table presents information regarding those assets and liabilities subject to such arrangements as if the Company had presented them on a net basis as of December 31, 2017 and 2016.

(in thousands)
Offsetting of Assets
					Net Amount		Gross Amount Not Offset in the
					of Assets		Consolidated Balance Sheet
			Gross Amount		Presented		Financial
	Gross Amount		Offset in the		in the		Instruments		Cash
	of Recognized		Consolidated		Consolidated		Received as		Received as		Net
	Assets		Balance Sheet		Balance Sheet		Collateral		Collateral		Amount
December 31, 2017
Interest rate swaps	$	13,745	$	-	$	13,745	$	-	$	-	$	13,745
Interest rate swaptions		3,405		-		3,405		-		(3,405)		-
TBA securities		10		-		10		-		(10)		-
	$	17,160	$	-	$	17,160	$	-	$	(3,415)	$	13,745
December 31, 2016
Interest rate swaps	$	10,302	$	-	$	10,302	$	-	$	-	$	10,302
TBA securities		63		-		63		-		(63)		-
	$	10,365	$	-	$	10,365	$	-	$	(63)	$	10,302

Offsetting of Liabilties [Table Text Block]

(in thousands)
Offsetting of Liabilities
					Net Amount		Gross Amount Not Offset in the
					of Assets		Consolidated Balance Sheet
			Gross Amount		Presented		Financial
	Gross Amount		Offset in the		in the		Instruments
	of Recognized		Consolidated		Consolidated		Posted as		Cash Posted		Net
	Liabilities		Balance Sheet		Balance Sheet		Collateral		Collateral		Amount
December 31, 2017
Repurchase Agreements	$	3,533,786	$	-	$	3,533,786	$	(3,508,490)	$	(25,296)	$	-
Interest rate swaps		215		-		215		-		-		215
TBA securities		1,823		-		1,823		-		(1,508)		315
	$	3,535,824	$	-	$	3,535,824	$	(3,508,490)	$	(26,804)	$	530
December 31, 2016
Repurchase Agreements	$	2,793,705	$	-	$	2,793,705	$	(2,782,870)	$	(10,835)	$	-
Interest rate swaps		802		-		802		-		(802)		-
TBA securities		1,180		-		1,180		-		(848)		332
	$	2,795,687	$	-	$	2,795,687	$	(2,782,870)	$	(12,485)	$	332