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Repurchase Agreements (Tables)
 9 Months Ended
Sep. 30, 2020
Repurchase Agreements [Abstract]  
Summary of Repurchase Agreements And Securities Lending Transactions

For financial statement purposes, the Company does not offset its repurchase agreements and securities lending transactions because the conditions for netting as specified by GAAP are not met. Although not offset on the Company’s Consolidated Balance Sheets, these transactions are included in the following tables ($ in thousands):

 

 

 

 

 

 

 

 

 

September 30, 2020

 

Security Interest

 

Weighted

Average

Maturity Date

 

Weighted

Average

Coupon

 

 

Collateral

Assets(1)

 

 

Outstanding

Balance

 

RMBS

 

12/16/2020

 

2.39%

 

 

$

166,709

 

 

$

112,001

 

CMBS

 

10/9/2020

 

2.92%

 

 

 

3,229

 

 

 

2,407

 

 

 

 

 

 

 

 

 

$

169,938

 

 

$

114,408

 

 

 

 

 

 

 

 

December 31, 2019

 

Security Interest

 

Weighted

Average

Coupon

 

 

Collateral

Assets(1)

 

 

Outstanding

Balance

 

RMBS

 

2.62%

 

 

$

89,784

 

 

$

74,876

 

CLO

 

4.71%

 

 

 

7,962

 

 

 

6,159

 

 

 

 

 

 

 

$

97,746

 

 

$

81,035

 

 

(1)

Represents the fair value of the Company’s investments in real estate-related securities.