Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 89

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 16
Chunk 89
---
 The Company did not recognize any write-downs for the year ended December 31, 2022. Weighted Average LifeActual maturities of our investment securities available for sale are generally shorter than stated contractual maturities (with contractual maturities up to 39 years), as they are affected by periodic payments and prepayments of principal on the underlying mortgages. As of December 31, 2024 and 2023, based on management’s estimates, the weighted average life of the Company’s investment securities available for sale portfolio was approximately 7.4 years and 6.9 years, respectively.The following table sets forth the weighted average lives of our investment securities available for sale as of December 31, 2024 and 2023, respectively (dollar amounts in thousands):Weighted Average LifeDecember 31, 2024December 31, 20230 to 5 years$604,459 $283,554 Over 5 to 10 years2,923,871 1,727,269 10+ years300,214 2,994 Total$3,828,544 $2,013,817 

F-28

Unrealized Losses in Other Comprehensive Income (Loss)The Company had no CECL Securities as of December 31, 2024. The Company evaluated its CECL Securities that were in an unrealized loss position as of December 31, 2023 and determined that no allowance for credit losses was necessary. The Company did not recognize credit losses for its CECL Securities through earnings for the years ended December 31, 2024, 2023 and 2022.The following table presents the Company’s CECL securities in an unrealized loss position with no credit losses reported, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2023 (dollar amounts in thousands):December 31, 2023Less than 12 MonthsGreater than 12 monthsTotalCarryingValueGrossUnrealizedLossesCarryingValueGrossUnrealizedLossesCarryingValueGrossUnrealizedLossesNon-Agency RMBS$— $— $31 $(4)$31 $(4)Total $— $— $31 $(4)$31 $(4)

Credit risk associated with non-Agency RMBS was regularly assessed as new information regarding the underlying collateral became available and based on updated estimates