Company: ADAMM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001273685-25-000047
Chunk: 16

Company: ADAMAS TRUST, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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4,792 Total Interest-only81,252 2,484 (13,924)69,812 83,878 843 (16,551)68,170 Total Agency RMBS4,532,616 46,108 (20,004)4,558,720 3,163,035 12,861 (39,084)3,136,812 Non-Agency RMBS60,703 5,611 (2,527)63,787 66,203 6,098 (2,614)69,687 U.S. Treasury securities25,342 — (1,037)24,305 657,659 — (35,614)622,045 Total $4,618,661 $51,719 $(23,568)$4,646,812 $3,886,897 $18,959 $(77,312)$3,828,544 Accrued interest receivable for investment securities available for sale in the amount of $21.8 million and $22.4 million as of March 31, 2025 and December 31, 2024, respectively, is included in other assets on the Company's condensed consolidated balance sheets.For the three months ended March 31, 2025 and 2024, the Company recognized $86.5 million in net unrealized gains and $33.2 million in net unrealized losses on investment securities available for sale, respectively.The Company's investment securities available for sale pledged as collateral against interest rate swap agreements and repurchase agreements are included in investment securities available for sale on the accompanying condensed consolidated balance sheets with the fair value of securities pledged disclosed in Notes 10 and 13, respectively.

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Realized Gain and Loss ActivityThe following table summarizes our investment securities sold during the three months ended March 31, 2025 (dollar amounts in thousands):Three Months Ended March 31, 2025Sales Proceeds Realized GainsRealized LossesNet Realized Gains (Losses)U.S. Treasury securities$658,763 $3,700 $(30,570)$(26,870)Non-Agency RMBS4,573 52 — 52 Total $663,336 $3,752 $(30,570)$(26,818)The Company did not sell investment securities during the three months ended March 31, 202