v3.26.1
Securities Purchased under Resale Agreements and Sold Under Repurchase Agreements (Tables)
 6 Months Ended
Jun. 30, 2026
Resale And Repurchase Agreements [Abstract]  
Schedule of Resale and Repurchase Agreements
The following table presents the Company’s resale agreements as of June 30, 2026 and December 31, 2025 and repurchase agreements as of June 30, 2026. There were no repurchase agreements as of December 31, 2025:
($ in thousands)
Gross Amounts of Recognized Assets / LiabilitiesGross Amounts Offset on the Consolidated Balance SheetNet Amounts of Assets / Liabilities Presented on the Consolidated Balance Sheet
Gross Amounts Not Offset on the Consolidated Balance Sheet:
Collateral Received
/ Collateral Pledged (1)
Net Amount
June 30, 2026
Resale agreements$425,000 $— $425,000 $(349,266)$75,734 
Repurchase agreements (2)
$956,894 $— $956,894 $(956,731)$163 
December 31, 2025
Resale agreements$425,000 $— $425,000 $(350,953)$74,047 
(1)Represents the fair value of assets the Company has received under resale agreements, or pledged under repurchase agreements, limited for table presentation purposes to the amount of the recognized asset due from, or liability due to, each counterparty. The application of collateral cannot reduce the net position below zero. Therefore, excess collateral, if any, is not reflected above.
(2)Matured during July 2026.