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%