Company: TWO-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001465740-25-000083
Chunk: 146

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 146
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ance for credit losses at end of period$(2,386)$(480)$(2,866)Year EndedDecember 31, 2023(in thousands)AgencyNon-AgencyTotalAllowance for credit losses at beginning of period$(6,785)$(173)$(6,958)Additions on securities for which credit losses were not previously recorded(55)(370)(425)(Increase) decrease on securities with previously recorded credit losses965 5 970 Write-offs2,256 214 2,470 Allowance for credit losses at end of period$(3,619)$(324)$(3,943)Year EndedDecember 31, 2022(in thousands)AgencyNon-AgencyTotalAllowance for credit losses at beginning of period$(12,851)$(1,387)$(14,238)Additions on securities for which credit losses were not previously recorded(482)(501)(983)(Increase) decrease on securities with previously recorded credit losses(3,462)1,715 (1,747)Write-offs10,010 — 10,010 Allowance for credit losses at end of period$(6,785)$(173)$(6,958)The following tables present the components comprising the carrying value of AFS securities for which an allowance for credit losses has not been recorded by length of time that the securities had an unrealized loss position as of December 31, 2024 and December 31, 2023. At December 31, 2024 and December 31, 2023, the Company held 632 and 646 AFS securities, respectively; of the securities for which an allowance for credit losses has not been recorded, 159 and 477 were in an unrealized loss position for less than twelve consecutive months and 370 and 0 were in an unrealized loss position for more than twelve consecutive months, respectively.December 31, 2024Unrealized Loss Position forLess than 12 Months12 Months or MoreTotal(in thousands)Estimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized LossesAgency$3,252,413 $(53,374)$3,845,019 $(270,700)$7,097,432 $(324,074)Non-Agency5 — — — 5 — Total$3,252,418 $(53,374)$3,845,019 $(