PLEDGED ASSETS

3 Months Ended

Mar. 31, 2021

Financial Instruments Pledged as Collateral [Abstract]

Pledged Assets [Text Block]

NOTE 6. PLEDGED ASSETS

Assets Pledged to Counterparties

The table below summarizes Bimini’s assets pledged as collateral under its repurchase agreements and derivative agreements as of

March 31, 2021 and December 31, 2020.

($ in thousands)

March 31, 2021

December 31, 2020

Repurchase

Derivative

Repurchase

Derivative

Assets Pledged to Counterparties

Agreements

Agreements

Total

Agreements

Agreements

Total

PT MBS - at fair value

$

72,504

$

-

$

72,504

$

64,902

$

-

$

64,902

Structured MBS - at fair value

329

-

329

251

-

251

Accrued interest on pledged securities

212

-

212

201

-

201

Restricted cash

4,037

1

4,038

3,352

1

3,353

Total

$

77,082

$

1

$

77,083

$

68,706

$

1

$

68,707

Assets Pledged from Counterparties

The table below summarizes cash pledged to Bimini from counterparties under repurchase agreements and derivative agreements as

of March 31, 2021 and December 31, 2020. Cash received as margin is recognized in cash and cash equivalents with a corresponding

amount recognized as an increase in repurchase agreements or other liabilities in the consolidated balance sheets.

($ in thousands)

Assets Pledged to Bimini

March 31, 2021

December 31, 2020

Repurchase agreements

$

-

$

80

Total

$

-

$

80