Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 8

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7A
Chunk 8
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. A gap is considered positive when the amount of interest-rate sensitive assets exceeds the amount of interest-rate sensitive liabilities. A gap is considered negative when the amount of interest-rate sensitive liabilities exceeds interest-rate sensitive assets. During a period of rising interest rates, a negative gap would tend to adversely affect net interest income, while a positive gap would tend to result in an increase in net interest income. During a period of falling interest rates, a negative gap would tend to result in an increase in net interest income, while a positive gap would tend to affect net interest income adversely. Because different types of assets and liabilities with the same or similar maturities may react differently to changes in overall market rates or conditions, changes in interest rates may affect net interest income positively or negatively even if an institution were perfectly matched in each maturity category.

The following table sets forth the estimated maturity or re-pricing of our interest-earning assets and interest-bearing liabilities at December 31, 2024. The amounts of assets and liabilities shown within a particular period were determined in accordance with the contractual terms of the assets and liabilities, and securities are included in the period in which their interest rates are first scheduled to adjust and not in the period in which they mature and includes the effect of the interest rate swaps, if any. The interest rate sensitivity of our assets and liabilities in the table could vary substantially based on actual prepayments.

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December 31, 2024(dollars in thousands) Within 3 Months3-12 Months1 Year to 3 YearsGreater than3 YearsTotalRate sensitive assets$1,072,126 $5,298,513 $10,520 $6,423,555 $12,804,713 Cash equivalents83,998 — — — 83,998 Total rate sensitive assets$1,156,124 $5,298,513 $10,520 $6,423,555 $12,888,712 Rate sensitive liabilities2,771,254 1,957,504 — 5,146,918 9,875,676 Interest rate sensitivity gap$(1,615,130)$3,341,009 $10,520 $1,276,637 $3,013,036 Cumulative rate sensitivity gap$(1,615,130)$1,725,879 $1,736,399 $3,013,036  Cumulative interest rate sensitivity gap as a percentage