Offsetting assets and liabilities (Tables)

12 Months Ended

Dec. 31, 2020

Offsetting assets and liabilities

Schedule of effect of offsetting recognized assets and liabilities

							Gross amounts not offset in the Consolidated Balance Sheets(1)
(in thousands)	Gross amounts of recognized Assets / Liabilities		Gross amounts offset in the Consolidated Balance Sheets		Amounts presented in the Consolidated Balance Sheets		Financial Instruments		Cash Collateral Received / Paid		Net Amount
December 31, 2020
Assets
Derivative instruments - Interest rate lock commitments		16,363		—		16,363		—	$	—	$	16,363
Total	$	16,363	$	—	$	16,363	$	—	$	—	$	16,363
Liabilities
Derivative instruments - Interest rate swaps	$	11,670	$	5,017	$	6,653	$	—	$	6,653	$	—
Derivative instruments - Credit default swaps		174		—		174		—		174		—
Derivative instruments - TBA Agency Securities		4,004		—		4,004		—		—		4,004
Derivative instruments - FX forwards		773				773		—		—		773
Secured borrowings		1,370,519		—		1,370,519		1,370,519		—		—
Total	$	1,387,140	$	5,017	$	1,382,123	$	1,370,519	$	6,827	$	4,776
December 31, 2019
Assets
Derivative instruments - Interest rate lock commitments	$	2,814	$	—	$	2,814	$	—	$	2,814	$	—
Total	$	2,814	$	—	$	2,814	$	—	$	2,814	$	—
Liabilities
Derivative instruments - Interest rate swaps	$	4,374	$	—	$	4,374	$	—	$	4,374	$	—
Derivative instruments - TBA Agency Securities		516				516				—		516
Derivative instruments - Credit default swaps		110		—		110		—		110		—
Derivative instruments - FX forwards		250		—		250		—		250		—
Secured borrowings		1,189,392		—		1,189,392		1,189,392		—		—
Total	$	1,194,642	$	—	$	1,194,642	$	1,189,392	$	4,734	$	516

(1) Amounts presented in these columns are limited in total to the net amount of assets or liabilities presented in the prior column by instrument. In certain cases, there is excess cash collateral or financial assets we have pledged to a counterparty that exceed the financial liabilities subject to a master netting repurchase arrangement or similar agreement. Additionally, in certain cases, counterparties may have pledged excess cash collateral to us that exceeds our corresponding financial assets. In each case, any of these excess amounts are excluded from the table although they are separately reported in our consolidated balance sheets as assets or liabilities, respectively.