REPURCHASE AGREEMENTS AND OTHER BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2021

Disclosure of Repurchase Agreements [Abstract]

Schedule of repurchase agreements and remaining maturities

As of March 31, 2021 and December 31, 2020, 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, 2021

Fair market value of securities pledged, including

accrued interest receivable

$

58,219

$

2,288,135

$

1,316,896

$

622,666

$

4,285,916

Repurchase agreement liabilities associated with

these securities

$

53,526

$

2,233,561

$

1,289,617

$

604,976

$

4,181,680

Net weighted average borrowing rate

0.24%

0.18%

0.18%

0.18%

0.18%

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%