Company: AOMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001766478-25-000099
Chunk: 53

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 53
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 states such as Florida and California where natural disasters such as hurricanes, wildfires and earthquakes may occasionally occur. We require all of our collateral to be adequately insured. The graphs in the subsequent detail of residential mortgage loans, residential mortgage loans held in securitization trusts, and residential mortgage loans underlying RMBS issuances show the percentage of residential mortgage loans held in each state where there is a concentration of loans.

The following table sets forth additional information regarding our portfolio, including the manner in which our equity capital was allocated among investment types, as of September 30, 2025:

Fair ValueCollateralized DebtAllocated Capital% of Total CapitalPortfolio:($ in thousands)Residential mortgage loans$425,775 $342,608 $83,167 31.5 %Residential mortgage loans in securitization trust1,862,330 1,726,657 135,673 51.4 %Total whole loan portfolio$2,288,105 $2,069,265 $218,840 82.9 %Investment securitiesRMBS$235,024 $54,041 $180,983 68.5 %Total investment securities$235,024 $54,041 $180,983 68.5 %Investments in Majority-Owned Affiliates (1)$21,164 $— $21,164 8.0 %Total investment portfolio$2,544,293 $2,123,306 $420,987 159.4 %Target assets (2)$2,544,293 $2,123,306 $420,987 159.4 %Cash$51,598 $— $51,598 19.5 %Other assets and liabilities (3)(208,420)— (208,420)(78.9)%Total$2,387,471 $2,123,306 $264,165 100.0 %

(1)     "Investments in Majority-Owned Affiliates” is held at amortized cost.

(2)     “Target assets” as defined by us excludes U.S. Treasury securities and includes investments in Majority-Owned Affiliates.

(3)     Other assets and liabilities presented is calculated as a net liability substantially comprised of $153.8 million due to broker for our     quarter-end purchase of certain Freddie Mac and Fannie Mae-