OFFSETTING ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2017

Offsetting [Abstract]

Schedule of offsetting of financial assets

As of March 31, 2017

Offsetting of Financial Assets and Derivative Assets

($ in thousands)

Description	Gross amounts of recognized assets		Gross amounts offset in the balance sheet		Net amounts of assets presented in the balance sheet		Gross amounts not offset in the balance sheet				Net amount
							Financial instruments		Cash collateral received/(posted)(1)
Derivatives	$	108	$	—	$	108	$	—	$	—	$	108
Total	$	108	$	—	$	108	$	—	$	—	$	108

(1) Included in restricted cash on consolidated balance sheets.As of December 31, 2016

Offsetting of Financial Assets and Derivative Assets

($ in thousands)

Description	Gross amounts of recognized assets		Gross amounts offset in the balance sheet		Net amounts of assets presented in the balance sheet		Gross amounts not offset in the balance sheet				Net amount
							Financial instruments		Cash collateral received/(posted)(1)
Derivatives	$	5,018	$	—	$	5,018	$	—	$	—	$	5,018
Total	$	5,018	$	—	$	5,018	$	—	$	—	$	5,018

(1) Included in restricted cash on consolidated balance sheets.

Schedule of offsetting of financial liabilities

As of March 31, 2017

Offsetting of Financial Liabilities and Derivative Liabilities

($ in thousands)

Description	Gross amounts of recognized liabilities		Gross amounts offset in the balance sheet		Net amounts of liabilities presented in the balance sheet		Gross amounts not offset in the balance sheet				Net amount
							Financial instruments collateral		Cash collateral posted/(received)(1)
Derivatives	$	4,207	$	—	$	4,207	$	—	$	4,207	$	—
Repurchase agreements	1,039,355		—		1,039,355		1,039,355		—		—
Total	$	1,043,562	$	—	$	1,043,562	$	1,039,355	$	4,207	$	—

 

(1) Included in restricted cash on consolidated balance sheets.As of December 31, 2016

Offsetting of Financial Liabilities and Derivative Liabilities

($ in thousands)

Description	Gross amounts of recognized liabilities		Gross amounts offset in the balance sheet		Net amounts of liabilities presented in the balance sheet		Gross amounts not offset in the balance sheet				Net amount
							Financial instruments collateral		Cash collateral posted/(received)(1)
Derivatives	$	3,446	$	—	$	3,446	$	—	$	3,446	$	—
Repurchase agreements	1,107,185		—		1,107,185		1,107,185		—		—
Total	$	1,110,631	$	—	$	1,110,631	$	1,107,185	$	3,446	$	—

(1) Included in restricted cash on consolidated balance sheets.