Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 54

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 54
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680)$(2,386)$(480)$(2,866)Additions on securities for which credit losses were not previously recorded(3)— (3)(34)— (34)Decrease (increase) on securities with previously recorded credit losses58 61 119 (51)107 56 Write-offs324 5 329 577 32 609 Allowance for credit losses at end of period$(1,894)$(341)$(2,235)$(1,894)$(341)$(2,235)Three Months EndedSix Months EndedJune 30, 2024June 30, 2024(in thousands)AgencyNon-AgencyTotalAgencyNon-AgencyTotalAllowance for credit losses at beginning of period$(3,217)$(390)$(3,607)$(3,619)$(324)$(3,943)Additions on securities for which credit losses were not previously recorded(3)(12)(15)(40)(29)(69)Increase on securities with previously recorded credit losses(100)(56)(156)(76)(106)(182)Write-offs427 11 438 842 12 854 Allowance for credit losses at end of period$(2,893)$(447)$(3,340)$(2,893)$(447)$(3,340)The following tables present the components comprising the carrying value of AFS securities for which an allowance for credit losses has not been recorded by length of time that the securities had an unrealized loss position as of June 30, 2025 and December 31, 2024. At June 30, 2025 and December 31, 2024, the Company held 1,154 and 632 AFS securities, respectively; of the securities for which an allowance for credit losses has not been recorded, 158 and 159 were in an unrealized loss position for less than twelve consecutive months and 305 and 370 were in an unrealized loss position for more than twelve consecutive months, respectively.June 30, 2025Unrealized Loss Position forLess than 12 Months12 Months or MoreTotal(in thousands)Estimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized LossesEstimated Fair ValueGross Unrealized LossesAgency$1,750,300 $(6,316)$2,794,020 $(135,393)$4,544,320 $(141,709)Non-Agency