Offsetting Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2020

The table below provides a gross presentation, the effects of offsetting and a net presentation of the Company's derivative instruments and repurchase agreements within the scope of ASC 210-20, Balance Sheet—Offsetting, as of March 31, 2020 and December 31, 2019 (dollars in thousands):



							Gross Amounts Not Offset on the Balance Sheet
Assets	Gross Amounts of Recognized Assets		Gross Amounts Offset on the Balance Sheet		Net Amount of Assets Presented on the Balance Sheet			Financial Instruments		Cash Collateral⁽¹⁾		Net Amount
March 31, 2020
Derivative instruments, at fair value	$	1,173	$	—	$	1,173		$	—	$	—	$	1,173
December 31, 2019
Derivative instruments, at fair value	$	1,119	$	—	$	1,119		$	—	$	10,895	$	—

Schedule of offsetting liabilities



							Gross Amounts Not Offset on the Balance Sheet
Liabilities	Gross Amounts of Recognized Liabilities		Gross Amounts Offset on the Balance Sheet		Net Amount of Liabilities Presented on the Balance Sheet		Financial Instruments		Cash Collateral⁽¹⁾		Net Amount
March 31, 2020
Repurchase agreements - commercial mortgage loans	$	234,524	$	—	$	234,524	$	370,760	$	5,015	$	—
Repurchase agreements - real estate securities	$	496,880	$	—	$	496,880	$	609,776	$	76,157	$	—
Derivative instruments, at fair value	$	5,528	$	—	$	5,528			$	8,584	$	—
December 31, 2019
Repurchase agreements - commercial mortgage loans	$	252,543	$	—	$	252,543	$	394,229	$	5,011	$	—
Repurchase agreements - real estate securities	$	394,359	$	—	$	394,359	$	455,301	$	1,657	$	—
Derivative instruments, at fair value	$	1,581	$	—	$	1,581	$	—	$	3,679	$	—

_______________________

⁽¹⁾ These cash collateral amounts are recorded within the Restricted cash balance on the consolidated balance sheets.