REPURCHASE AGREEMENTS AND OTHER BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2022

Disclosure of Repurchase Agreements [Abstract]

Schedule of repurchase agreements and remaining maturities

As of March 31, 2022 and December 31, 2021, 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, 2022

Fair market value of securities pledged, including

accrued interest receivable

$

-

$

3,966,753

$

576,875

$

48,035

$

4,591,663

Repurchase agreement liabilities associated with

these securities

$

-

$

3,848,289

$

564,223

$

51,597

$

4,464,109

Net weighted average borrowing rate

-

0.36%

0.42%

0.15%

0.37%

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%