REPURCHASE AGREEMENTS AND OTHER BORROWINGS (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of Repurchase Agreements [Abstract]

Schedule of repurchase agreements and remaining maturities

As of December 31, 2021 and 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

December 31, 2021

Fair market value of securities pledged, including

accrued interest receivable

$

-

$

4,624,396

$

1,848,080

$

52,699

$

6,525,175

Repurchase agreement liabilities associated with

these securities

$

-

$

4,403,182

$

1,789,327

$

51,597

$

6,244,106

Net weighted average borrowing rate

-

0.15%

0.13%

0.15%

0.15%

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%