v3.19.1
Offsetting of Assets and Liabilities (Details) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Financial derivatives–assets    
Financial derivatives–assets, at fair value- [1] $ 15,356 $ 20,001
Financial Instruments Available for Offset (12,082) (10,910)
Cash Collateral (Received) Pledged [2],[3] (1,232) (2,514)
Net Amount 2,042 6,577
Reverse repurchase agreements    
Amount of Assets (Liabilities) Presented in the Condensed Consolidated Balance Sheet(1) [1] 25,381 61,274
Financial Instruments Available for Offset (25,381) (61,274)
Cash Collateral (Received) Pledged [2],[3] 0 0
Net Amount 0 0
Repurchase agreements    
Amount of Assets (Liabilities) Presented in the Condensed Consolidated Balance Sheet(1) [1] (1,550,016) (1,498,849)
Financial Instruments Available for Offset 25,381 61,274
Cash Collateral (Received) Pledged [2],[3] 13,873 16,974
Net Amount 0 0
Financial derivatives–liabilities    
Amount of Assets (Liabilities) Presented in the Condensed Consolidated Balance Sheet(1) [1] (26,904) (20,806)
Financial Instruments Available for Offset 12,082 10,910
Cash Collateral (Received) Pledged [2],[3] 10,373 9,896
Net Amount (4,449) 0
Securities Collateral relating to Reverse Repurchase Agreements 1,850,000 1,790,000
Financial Derivatives - Assets    
Financial derivatives–assets    
Financial derivatives–assets, at fair value-   20,001
Financial Instruments Transferred or Pledged as Collateral [2],[3] 0 0
Financial derivatives–liabilities    
Excess cash collateral 3,000 100
Repurchase Agreements [Member]    
Financial derivatives–assets    
Financial Instruments Transferred or Pledged as Collateral [2],[3] 0 0
Reverse repurchase agreements    
Amount of Assets (Liabilities) Presented in the Condensed Consolidated Balance Sheet(1)   61,274
Financial Derivatives - Liabilities    
Financial derivatives–assets    
Financial Instruments Transferred or Pledged as Collateral [2],[3] 0 0
Financial derivatives–liabilities    
Amount of Assets (Liabilities) Presented in the Condensed Consolidated Balance Sheet(1)   20,806
Excess cash collateral 13,800 16,400
Reverse repurchase agreements    
Financial derivatives–assets    
Financial Instruments Transferred or Pledged as Collateral [2],[3] $ 1,510,762 $ 1,420,601
[1] In the Company's Consolidated Statement of Assets, Liabilities, and Equity, all balances associated with repurchase agreements, reverse repurchase agreements, and financial derivatives are presented on a gross basis.
[2] For the purpose of this presentation, for each row the total amount of financial instruments transferred or pledged and cash collateral (received) or pledged may not exceed the applicable gross amount of assets or (liabilities) as presented here. Therefore, the Company has reduced the amount of financial instruments transferred or pledged as collateral related to the Company's reverse repurchase agreements and cash collateral pledged on the Company's financial derivative liabilities. Total financial instruments transferred or pledged as collateral on the Company's reverse repurchase agreements as of December 31, 2018 were $1.79 billion. As of December 31, 2018 total cash collateral on financial derivative assets excludes excess net cash collateral pledged of $0.1 million. As of December 31, 2018 total cash collateral on financial derivative liabilities excludes excess cash collateral pledged of $16.4 million
[3] When collateral is pledged to or pledged by a counterparty, it is often pledged or posted with respect to all positions with such counterparty, and in such cases such collateral cannot be specifically identified as relating to a specific asset or liability. As a result, in preparing the above tables, the Company has made assumptions in allocating pledged or posted collateral among the various rows.