Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 86

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 86
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P.Notes to the Consolidated Financial Statements (unaudited)

The following table presents the carrying values and estimated fair values of assets and liabilities that are required to be recorded or disclosed at fair value at June 30, 2025 and December 31, 2024:June 30, 2025December 31, 2024(in thousands)Carrying ValueFair ValueCarrying ValueFair ValueAssets:Available-for-sale securities$8,320,757 $8,320,757 $7,371,711 $7,371,711 Mortgage servicing rights$3,015,643 $3,015,643 $2,994,271 $2,994,271 Mortgage loans held-for-sale$9,888 $9,888 $2,334 $2,334 Cash and cash equivalents$657,816 $657,816 $504,613 $504,613 Restricted cash$140,481 $140,481 $313,028 $313,028 Derivative assets$88,651 $88,651 $10,114 $10,114 Reverse repurchase agreements$228,587 $228,587 $355,975 $355,975 Other assets$31,283 $31,283 $31,283 $31,283 Liabilities:Repurchase agreements$8,782,622 $8,782,622 $7,805,057 $7,805,057 Revolving credit facilities$1,011,871 $1,011,871 $1,020,171 $1,020,171 Warehouse lines of credit$9,275 $9,275 $2,032 $2,032 Senior notes$110,867 $117,760 $— $— Convertible senior notes$260,944 $259,660 $260,229 $259,241 Derivative liabilities$2,701 $2,701 $24,897 $24,897 

Note 13. Financing

Secured FinancingThe following tables summarize the Company’s secured financing arrangements by collateral type:June 30, 2025Collateral Type(in thousands)RMBS (1)Mortgage Servicing Rights and AdvancesMortgage Loans Held-for-SaleTotal Secured FinancingRepurchase