SECURED BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2021

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
March 31, 2021
Borrowings under repurchase arrangements    with maturities of 30 days or less	$	6,420,936	$	14,801	$	6,095,509		0.16	%
Borrowings under repurchase arrangements     with maturities of 31 to 90 days		217,480		464		209,552		0.16
Borrowings under repurchase arrangements     with maturities of greater than 90 days		520,869		1,132		500,000		0.29
	$	7,159,285	$	16,397	$	6,805,061		0.17
December 31, 2020
Borrowings under repurchase arrangements    with maturities of 30 days or less	$	5,249,989	$	12,597	$	4,972,181		0.21	%
Borrowings under repurchase arrangements     with maturities of 31 to 90 days		1,939,034		4,225		1,846,902		0.20
Borrowings under repurchase arrangements     with maturities of greater than 90 days		522,969		1,167		500,000		0.29
	$	7,711,992	$	17,989	$	7,319,083		0.21