Company: RWT-PA
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000930236-25-000007
Chunk: 142

Company: REDWOOD TRUST INC
Filing Date: 2025-03-03
Form: 10-K
Item: Item 16
Chunk 142
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 to have a material adverse effect on the Company’s results of operations, financial position, or liquidity.

Note 19. Equity 

The following table provides a summary of changes to accumulated other comprehensive income by component for the years ended December 31, 2024 and 2023. Table 19.1 – Changes in Accumulated Other Comprehensive Income (Loss) by ComponentYears Ended December 31,20242023(In Thousands)Available-for-Sale SecuritiesInterest Rate Agreements Accounted for as Cash Flow HedgesTotalAvailable-for-Sale SecuritiesInterest Rate Agreements Accounted for as Cash Flow HedgesTotalBalance at beginning of year$10,219 $(68,176)$(57,957)$3,435 $(72,303)$(68,868)Other comprehensive income before reclassifications12,345 — 12,345 6,230 — 6,230 Amounts reclassified from other accumulated comprehensive income (loss)(1,597)4,138 2,541 554 4,127 4,681 Net current-period other comprehensive income10,748 4,138 14,886 6,784 4,127 10,911 Balance at End of Year$20,967 $(64,038)$(43,071)$10,219 $(68,176)$(57,957)

F- 68

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2024Note 19. Equity - (continued)

The following table provides a summary of reclassifications out of accumulated other comprehensive income (loss) for the years ended December 31, 2024 and 2023.Table 19.2 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss)Amount Reclassified From Accumulated Other Comprehensive LossAffected Line Item in theYear Ended December 31,(In Thousands)Income Statement20242023Net Realized (Gain) Loss on AFS SecuritiesDecrease in allowance for credit losses on AFS securitiesInvestment fair value changes, net$(1,561)$(58)(Gain) loss on sales of AFS securitiesRealized gains, net(36)612 $(1,597)$554 Net Realized Loss on Interest Rate   Agreements Designated as Cash Flow HedgesAmortization of deferred lossInterest expense$4,138 $4,127 $4,138