Company: TWO-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001465740-25-000104
Chunk: 8

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 8
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TWO HARBORS INVESTMENT CORP.

CONSOLIDATED BALANCE SHEETS

(in thousands, except share data) 

March 31,2025December 31, 2024ASSETS(unaudited)Available-for-sale securities, at fair value (amortized cost $8,773,987 and $7,697,027, respectively; allowance for credit losses $2,680 and $2,866, respectively)$8,606,870 $7,371,711 Mortgage servicing rights, at fair value2,959,773 2,994,271 Mortgage loans held-for-sale, at fair value8,406 2,334 Cash and cash equivalents573,882 504,613 Restricted cash123,843 313,028 Accrued interest receivable39,277 33,331 Due from counterparties920,391 386,464 Derivative assets, at fair value27,550 10,114 Reverse repurchase agreements227,818 355,975 Other assets195,503 232,478 Total Assets (1)$13,683,313 $12,204,319 LIABILITIES AND STOCKHOLDERS’ EQUITYLiabilities:Repurchase agreements$9,740,830 $7,805,057 Revolving credit facilities933,171 1,020,171 Warehouse facilities7,971 2,032 Convertible senior notes260,591 260,229 Derivative liabilities, at fair value3,097 24,897 Due to counterparties289,457 648,643 Dividends payable60,402 58,725 Accrued interest payable75,354 85,994 Commitments and contingencies (see Note 17)— — Other liabilities165,651 176,062 Total Liabilities (1)11,536,524 10,081,810 Stockholders’ Equity:Preferred stock, par value $0.01 per share; 100,000,000 shares authorized and 24,870,817 shares issued and outstanding ($621,770 liquidation preference)601,467 601,467 Common stock, par value $0.01 per share; 175,000,000 shares authorized and 104,025,096 and 103,680,321 shares issued and outstanding, respectively1,040 1,037 Additional paid-in