SECURED BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2020

Disclosure Of Repurchase Agreements [Abstract]

Schedule of Secured Borrowings

Secured borrowings (and related pledged collateral, including accrued interest receivable), classified by collateral type and remaining maturities, and related weighted average borrowing rates as of the indicated dates were as follows (dollars in thousands):

Collateral Type	Agency Securities Pledged		Accrued Interest Receivable		Borrowings Outstanding		Average Borrowing Rates
June 30, 2020
Borrowings under repurchase arrangements    with maturities of 30 days or less	$	7,797,998	$	19,744	$	7,412,866		0.25	%
Borrowings under repurchase arrangements     with maturities of 31 to 90 days		170,253		443		161,572		0.23
Similar borrowings secured by    collateral for structured financings		856	–			856		7.97
	$	7,969,107	$	20,187	$	7,575,294		0.26
December 31, 2019
Borrowings under repurchase arrangements    with maturities of 30 days or less	$	9,484,275	$	27,826	$	9,002,527		2.12	%
Borrowings under repurchase arrangements     with maturities of 31 to 90 days		1,344,437		3,742		1,271,971		1.98
Similar borrowings secured by    collateral for structured financings		915	–			915		7.99
	$	10,829,627	$	31,568	$	10,275,413		2.10