REPURCHASE AGREEMENTS AND OTHER BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2020

Disclosure of Repurchase Agreements [Abstract]

Schedule of repurchase agreements and remaining maturities

As of March 31, 2020 and December 31, 2019, 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
March 31, 2020
Fair market value of securities pledged, including
	accrued interest receivable	$	-	$	1,856,721	$	1,090,882	$	-	$	2,947,603
Repurchase agreement liabilities associated with
	these securities	$	-	$	1,768,968	$	1,041,282	$	-	$	2,810,250
Net weighted average borrowing rate			-		1.11%		1.76%		-		1.35%
December 31, 2019
Fair market value of securities pledged, including
	accrued interest receivable	$	-	$	2,470,263	$	1,005,517	$	120,941	$	3,596,721
Repurchase agreement liabilities associated with
	these securities	$	-	$	2,361,378	$	964,368	$	122,360	$	3,448,106
Net weighted average borrowing rate			-		2.04%		1.94%		2.60%		2.03%