REPURCHASE AGREEMENTS AND OTHER BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2021

Disclosure of Repurchase Agreements [Abstract]

Schedule of repurchase agreements and remaining maturities

As of September 30, 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

September 30, 2021

Fair market value of securities pledged, including

accrued interest receivable

$

3,501

$

3,393,762

$

1,979,011

$

54,045

$

5,430,319

Repurchase agreement liabilities associated with

these securities

$

2,500

$

3,250,133

$

1,909,639

$

51,597

$

5,213,869

Net weighted average borrowing rate

0.63%

0.13%

0.12%

0.15%

0.13%

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%