Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 143

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 16
Chunk 143
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Consolidated SLST (1)8,611 (8,086)(124,834)Residential loans held in securitization trust (1)(10,005)56,576 (219,647)Multi-family loans (1)(4,750)645 (1,737)Equity investments (2)(6,319)(7,958)(4,338)Equity investments in disposal group held for sale (2)— — (1,430)Mortgage servicing rights (1)616 — — LiabilitiesConsolidated SLST CDOs (1)$(5,709)$(1,930)$92,431 (1)Presented in unrealized (losses) gains, net on the Company’s consolidated statements of operations.(2)Presented in income from equity investments on the Company’s consolidated statements of operations.

F-74

The following table presents the carrying value and estimated fair value of the Company’s financial instruments at December 31, 2024 and 2023, respectively (dollar amounts in thousands):  December 31, 2024December 31, 2023 Fair ValueHierarchy LevelCarryingValueEstimatedFair ValueCarryingValueEstimatedFair ValueFinancial Assets:     Cash and cash equivalentsLevel 1$167,422 $167,422 $187,107 $187,107 Residential loansLevel 33,841,738 3,841,738 3,084,303 3,084,303 Investment securities available for saleLevel 23,828,544 3,828,544 2,013,817 2,013,817 Multi-family loansLevel 386,192 86,192 95,792 95,792 Equity investmentsLevel 3113,492 113,492 147,116 147,116 Derivative assetsLevel 256 56 6,510 6,510 Derivative assets in disposal group held for saleLevel 267 67 2,960 2,960 Mortgage servicing rightsLevel 321,003 21,003 — — Financial Liabilities:     Repurchase agreementsLevel 24,012,225 4,012,225 2,471,113 2,471,113 Collateralized debt obligations:Residential loan securitizations at amortized cost, netLevel 384