Company: ADAMM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001273685-25-000047
Chunk: 63

Company: ADAMAS TRUST, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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 31, 2025December 31, 2024 Fair ValueHierarchy LevelCarryingValueEstimatedFair ValueCarryingValueEstimatedFair ValueFinancial Assets:     Cash and cash equivalentsLevel 1$177,072 $177,072 $167,422 $167,422 Residential loansLevel 33,913,268 3,913,268 3,841,738 3,841,738 Investment securities available for saleLevel 24,646,812 4,646,812 3,828,544 3,828,544 Multi-family loansLevel 387,222 87,222 86,192 86,192 Equity investmentsLevel 393,999 93,999 113,492 113,492 Derivative assetsLevel 23,530 3,530 56 56 Derivative assets in disposal group held for saleLevel 2222 222 67 67 Mortgage servicing rightsLevel 320,297 20,297 21,003 21,003 Financial Liabilities:     Repurchase agreementsLevel 24,485,716 4,485,716 4,012,225 4,012,225 Collateralized debt obligations:Residential loan securitizations at amortized cost, netLevel 3757,673 740,808 842,764 818,482 Residential loan securitizations at fair valueLevel 21,554,353 1,554,353 1,253,332 1,253,332 Consolidated SLSTLevel 3805,273 805,273 811,591 811,591 Non-Agency RMBS re-securitizationLevel 269,515 69,515 70,757 70,757 Subordinated debenturesLevel 345,000 38,976 45,000 38,918 Senior unsecured notes:Senior unsecured notes at amortized cost, netLevel 299,087 99,488 98,886 98,632 Senior unsecured notes at fair valueLevel 2139,761 139,761 60,310 60,310 Mortgages payable on real estateLevel 3365,455 353,914 366,606 347,915 Mortgages payable on real estate in disposal group held for saleLevel 389,364