Offsetting Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31, 2023 and December 31, 2022 (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
March 31, 2023
Derivative instruments, at fair value	$	325	$	—	$	325		$	—	$	—	$	325
December 31, 2022
Derivative instruments, at fair value	$	415	$	—	$	415		$	—	$	—	$	415

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See notes below.

Offsetting Liabilities


							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
March 31, 2023
Repurchase agreements - commercial mortgage loans	$	604,421	$	—	$	604,421	$	604,421	$	—	$	—
Repurchase agreements - real estate securities	228,934		—		228,934		228,934		—		—
Derivative instruments, at fair value	294		—		294		—		294		—
December 31, 2022
Repurchase agreements - commercial mortgage loans	$	680,859	$	—	$	680,859	$	680,859	$	—	$	—
Repurchase agreements - real estate securities	440,008		—		440,008		440,008		—		—
Derivative instruments, at fair value	64		—		64		—		64		—

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(1) Included in Restricted cash in the Company's consolidated balance sheets.