Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 107

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 107
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 for such RMBS, which considers recent bond performance and expected future performance of the underlying collateral. A summary of the credit losses allowance on available-for-sale securities for the quarters and six months ended June 30, 2025 and June 30, 2024 are presented below.For the Quarter EndedFor the Six Months EndedJune 30, 2025June 30, 2024June 30, 2025June 30, 2024(dollars in thousands)(dollars in thousands)Beginning allowance for credit losses$31,785 $19,907 $28,397 $18,560 Additions to the allowance for credit losses on securities for which credit losses were not previously recorded144 882 337 1,589 Allowance on purchased financial assets with credit deterioration— — — — Reductions for the securities sold during the period — — — — Increase/(decrease) on securities with an allowance in the prior period4,539 2,803 8,019 3,249 Write-offs charged against the allowance(284)— (589)(302)Recoveries of amounts previously written off10 — 30 496 Ending allowance for credit losses$36,194 $23,592 $36,194 $23,592 The following table presents significant credit quality indicators used for the credit loss allowance on our Non-Agency RMBS investments as of June 30, 2025 and December 31, 2024.June 30, 2025(dollars in thousands)  Prepay RateCDRLoss Severity  Amortized CostWeighted AverageWeighted AverageWeighted AverageNon-Agency RMBSSenior$143,969 6.9%1.7%32.4%Subordinated$57,976 6.2%0.4%44.6% December 31, 2024(dollars in thousands)  Prepay RateCDRLoss Severity  Amortized CostWeighted AverageWeighted AverageWeighted AverageNon-Agency RMBSSenior$130,669 7.5%1.8%32.6%Subordinated$58,914 6.2%0.3%44.5%The increase in the allowance for credit losses for the quarter and six months ended June 30, 2025, is primarily due to a deterioration in cashflows on