REPURCHASE AGREEMENTS AND OTHER BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2019

Disclosure of Repurchase Agreements [Abstract]

Schedule of repurchase agreements and remaining maturities

As of June 30, 2019 and 2018, 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
June 30, 2019
Fair market value of securities pledged, including
	accrued interest receivable	$	102,468	$	1,269,340	$	1,226,313	$	920,415	$	3,518,536
Repurchase agreement liabilities associated with
	these securities	$	95,931	$	1,204,004	$	1,164,163	$	865,429	$	3,329,527
Net weighted average borrowing rate			2.73%		2.65%		2.62%		2.61%		2.63%
December 31, 2018
Fair market value of securities pledged, including
	accrued interest receivable	$	-	$	1,720,804	$	1,493,565	$	-	$	3,214,369
Repurchase agreement liabilities associated with
	these securities	$	-	$	1,611,185	$	1,413,867	$	-	$	3,025,052
Net weighted average borrowing rate			-		2.72%		2.57%		-		2.65%