Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 22

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 22
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 the general classification of such instruments pursuant to the Level 1, Level 2, and Level 3 valuation hierarchy.The fair value of cash, restricted cash, principal and interest receivable, other assets (excluding investments in majority-owned affiliates (“MOAs”)), notes payable, securities sold under agreements to repurchase, amounts due to broker and accrued expenses (including 

18

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

those payable to an affiliate and management fees payable to an affiliate), and interest payable approximate their carrying values due to the nature of these assets and liabilities.The Company’s “investments in majority-owned affiliates” included in other assets (see Note 13 — Other Assets) and a portion of “non-recourse securitization obligation, collateralized by residential mortgage loans” are held at amortized cost. The fair value of these assets and liabilities is disclosed further below in the section titled “Assets and Liabilities Held at Amortized Cost - Fair Value Disclosure”The following table sets forth information about the Company’s financial assets and liabilities measured at fair value as of June 30, 2025:Level 1Level 2Level 3Total(in thousands)Assets, at fair valueResidential mortgage loans$— $199,043 $1,622 $200,665 Residential mortgage loans in securitization trusts— 1,872,751 29,970 1,902,721 Investments in securitiesAOMT RMBS (1)— 104,332 — 104,332 Whole Pool Agency RMBS— 257,552 — 257,552 U.S Treasury Securities— — — — Other Assets, at fair value (2)— 10,498 — 10,498 Unrealized appreciation on futures contracts— — — — Unrealized appreciation on TBAs— — — — Total assets, at fair value$— $2,444,176 $31,592 $2,475,768 Liabilities, at fair valueNon-recourse securitization obligation, collateralized by residential mortgage loans (3)$— $1,401,980 $— $1,401,980 Unrealized depreciation on futures contracts1,147 — — 1,147 Unrealized depreciation on TBAs3,208 — —