Offsetting Assets and Liabilities

6 Months Ended

Jun. 30, 2021

Offsetting [Abstract]

Offsetting Assets and Liabilities

Offsetting Assets and Liabilities

The Company's consolidated balance sheets used a gross presentation of repurchase agreements and collateral pledged. 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 June 30, 2021 and December 31, 2020 (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
June 30, 2021
Derivative instruments, at fair value	$	5	$	—	$	5		$	—	$	—	$	5
December 31, 2020
Derivative instruments, at fair value	$	25	$	—	$	25		$	—	$	—	$	25

							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
June 30, 2021
Repurchase agreements - commercial mortgage loans	$	287,462	$	—	$	287,462		$	494,472	$	5,015	$	—
Repurchase agreements - real estate securities	46,510		—		46,510			59,297		—		—
Derivative instruments, at fair value	2,285		—		2,285			—		8,679		—
December 31, 2020
Repurchase agreements - commercial mortgage loans	$	276,340	$	—	$	276,340		$	496,030	$	5,016	$	—
Repurchase agreements - real estate securities	186,828		—		186,828			245,956		1,146		—
Derivative instruments, at fair value	403		—		403			—		3,435		—

________________________

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