Company: RWT-PA
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000930236-25-000037
Chunk: 261

Company: REDWOOD TRUST INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 261
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 on a net basis, and instead present them on a gross basis on our consolidated balance sheets. Refer to Note 3 to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2024 for additional information regarding our master netting arrangements.The following table presents financial assets and liabilities that are subject to master netting arrangements or similar agreements categorized by financial instrument, together with the corresponding financial instruments and corresponding collateral received or pledged at September 30, 2025 and December 31, 2024.Table 14.1 – Offsetting of Financial Assets, Liabilities, and CollateralGross Amounts of Recognized Assets (Liabilities)Gross Amounts Offset in Consolidated Balance SheetNet Amounts of Assets (Liabilities) Presented in Consolidated Balance SheetGross Amounts Not Offset in Consolidated Balance Sheet (1)Net AmountSeptember 30, 2025 (In Thousands)Financial InstrumentsCash Collateral (Received) PledgedAssets (2)Swaptions$35,352 $— $35,352 $— $(21,851)$13,501 TBAs25,583 — 25,583 (16,643)(8,939)1 Interest rate futures2,573 — 2,573 (2,573)— — Total Assets$63,508 $— $63,508 $(19,216)$(30,790)$13,502 Liabilities (2)TBAs$(27,722)$— $(27,722)$16,643 $1,164 $(9,915)Interest rate futures(21,108)— (21,108)2,573 18,535 — Loan warehouse debt(935,932)— (935,932)935,932 — — Total Liabilities$(984,762)$— $(984,762)$955,148 $19,699 $(9,915)

41

REDWOOD TRUST, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS September 30, 2025(Unaudited) Note 14. Offsetting Assets and Liabilities - (continued)

Gross Amounts of Recognized Assets (Liabilities)Gross Amounts Offset in Consolidated Balance SheetNet Amounts of Assets (Liabilities) Presented in Consolidated Balance SheetGross Amounts Not Offset in Consolid