REPURCHASE AGREEMENTS AND OTHER BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure of Repurchase Agreements [Abstract]

Schedule of repurchase agreements and remaining maturities

As of December 31, 2020 and 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
December 31, 2020
Fair market value of securities pledged, including
	accrued interest receivable	$	-	$	2,112,969	$	1,560,798	$	55,776	$	3,729,543
Repurchase agreement liabilities associated with
	these securities	$	-	$	2,047,897	$	1,494,500	$	53,189	$	3,595,586
Net weighted average borrowing rate			-		0.23%		0.22%		0.30%		0.23%
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%