REPURCHASE AGREEMENTS (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure of Repurchase Agreements [Abstract]

Schedule of repurchase agreements and remaining maturities

As of December 31, 2019 and December 31, 2018, 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
December 31, 2019
Fair value of securities pledged, including accrued
	interest receivable	$	-	$	137,992	$	80,550	$	-	$	218,542
Repurchase agreement liabilities associated with
	these securities	$	-	$	132,573	$	77,381	$	-	$	209,954
Net weighted average borrowing rate			-		2.02%		1.92%		-		1.98%
December 31, 2018
Fair value of securities pledged, including accrued
	interest receivable	$	-	$	107,876	$	105,251	$	-	$	213,127
Repurchase agreement liabilities associated with
	these securities	$	-	$	101,327	$	99,069	$	-	$	200,396
Net weighted average borrowing rate			-		2.56%		2.56%		-		2.56%