Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 1

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7A
Chunk 1
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 for investment portfolios. We estimate future credit losses based on historical experience, market trends, current delinquencies as well as expected recoveries. The net present value of these expected credit losses can change, sometimes significantly from period to period as new information becomes available. When credit loss experience and expectations improve, we will collect more principal on our investments. If credit loss experience deteriorates, we will collect less principal on our investments. The favorable or unfavorable changes in credit losses are reflected in the yield on our investments in mortgage loans and recognized in earnings over the remaining life of our investments. The following table presents changes to net present value of expected credit losses for our Non-Agency RMBS and Loans held for investment portfolios during the previous five quarters. Gross losses are discounted at the rate used to amortize any discounts or premiums on our investments into income. A decrease (negative balance) in the "Increase/(decrease)" line item in the tables below represents a favorable change in expected credit losses. An increase (positive balance) in the "Increase/(decrease)" line item in the tables below represents an unfavorable change in expected credit losses.

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 For the Quarters Ended(dollars in thousands)Non-Agency RMBSDecember 31, 2024September 30, 2024June 30, 2024March 31, 2024December 31, 2023Balance, beginning of period$81,368 $78,366 $98,035 $95,366 $81,236 Realized losses(1,182)534 (1,940)(345)(1,225)Accretion2,820 2,926 3,140 2,978 2,569 Losses on purchases— — — — — Losses on sold/paid-off48 — (2)— — Increase/(decrease)2,251 (458)(20,867)36 12,786 Balance, end of period$85,305 $81,368 $78,366 $98,035 $95,366 

 For the Quarters Ended(dollars in thousands)Loans held for investmentDecember 31, 2024September 30, 2024June 30, 2024March 31, 2024December 31, 2023Balance, beginning of period$181,895 $190,675 $213,050 $