Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 29

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 29
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 Company commits to purchasing residential mortgage loans at a particular price, provided the residential mortgage loans close with the counterparties. As of June 30, 2025 the Company had total purchase commitments of $181.0 million related to both Angel Oak Mortgage Lending and third parties. These commitments represent off-balance sheet risk where the Company may be required to extend credit. As of December 31, 2024, the Company had total purchase commitments of $152.6 million related to both Angel Oak Mortgage Lending and third parties.

12.    Accumulated Other Comprehensive Income/(Loss)

The following table sets forth the net unrealized gain/(loss) on available-for-sale (“AFS”) securities for the three and six months ended June 30, 2025 and 2024, which is the sole component of the changes in the Company’s Accumulated Other Comprehensive Income/(Loss) (“AOCI”) for the three and six months ended June 30, 2025 and 2024:Three Months Ended June 30, 2025Three Months Ended June 30, 2024(in thousands)AOCI balance, beginning of period$(4,170)$(3,272)Net unrealized gain/(loss) on AFS securities(491)125 AOCI balance, end of period$(4,661)$(3,147)Six Months Ended June 30, 2025Six Months Ended June 30, 2024(in thousands)AOCI balance, beginning of period$(3,475)$(4,975)Net unrealized gain/(loss) on AFS securities(1,186)1,828 AOCI balance, end of period$(4,661)$(3,147)

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Angel Oak Mortgage REIT, Inc.Notes to the Condensed Consolidated Financial Statements(Unaudited)

13.    Other Assets

The following table sets forth the detail of other assets included in the condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024:June 30, 2025December 31, 2024(in thousands)Investments in Majority-Owned Affiliates$20,992 $20,680 Commercial Mortgage Loans, at fair value5,201 5,214 CMBS, at fair value5,297 5,593 Deferred tax asset3,457 3,457 Prepaid expenses2,447 1,095 Protective advances and