Company: AOMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001766478-25-000099
Chunk: 72

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 72
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2025 and December 31, 2024:

September 30, 2025Repurchase AgreementsAmount OutstandingWeighted Average Interest RateWeighted Average Remaining Maturity (Days)(in thousands)AOMT RMBS (1)$54,041 5.92 %16December 31, 2024Repurchase AgreementsAmount OutstandingWeighted Average Interest RateWeighted Average Remaining Maturity (Days)(in thousands)AOMT RMBS (1)$50,555 5.76 %19

(1)     A portion of repurchase debt outstanding as of both September 30, 2025 and December 31, 2024 includes borrowings against retained bonds received from on-balance sheet securitizations (i.e., consolidated VIEs).

The following table presents the amount of collateralized borrowings outstanding under repurchase facilities as of the end of each quarter, the average amount of collateralized borrowings outstanding under repurchase facilities during the quarter and the highest balance of any month end during the quarter:

Quarter EndQuarter End BalanceAverage Balance in QuarterHighest Month-End Balance in Quarter(in thousands)Q3 2023188,101 87,279 188,101 Q4 2023193,656 62,536 193,656 Q1 2024193,493 69,254 193,493 Q2 2024201,051 66,804 201,051 Q3 2024102,876 57,842 102,876 Q4 202450,555 53,412 51,843 Q1 2025148,467 62,631 148,467 Q2 202568,062 71,980 148,467 Q3 202554,041 64,557 68,062 

We utilize short‑term repurchase facilities on our RMBS portfolio and to finance assets for REIT asset test purposes. Over time, the need to purchase securities for REIT asset test purposes will be reduced as we obtain and participate in additional securitizations and acquire assets directly for investment purposes. We will continue to use repurchase facilities on our RMBS portfolio to add additional leverage which increases the yield on those assets. Our use of repurchase facilities is generally highest at the end of any particular quarter, as shown in the table above, where the quarter-end balance and the highest month-end balance in each quarter are generally equivalent