REPURCHASE AGREEMENTS AND OTHER BORROWINGS (Tables)

9 Months Ended

Sep. 30, 2022

Disclosure of Repurchase Agreements [Abstract]

Schedule of repurchase agreements and remaining maturities

As of September 30, 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

(1)

September 30, 2022

Fair market value of securities pledged, including

accrued interest receivable

$

-

$

1,731,976

$

1,413,061

$

61,316

$

3,206,353

Repurchase agreement liabilities associated with

these securities

$

-

$

1,707,215

$

1,372,870

$

53,776

$

3,133,861

Net weighted average borrowing rate

- 

2.96%

3.07%

2.84%

3.00%

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%