Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 261

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 8
Chunk 261
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%235,055 5,108 4.3 %Other6,694 13,898 Total interest income/net asset yield$8,799,020 $117,082 5.3 %$8,732,672 $228,464 5.2 %Interest-bearing liabilities:Borrowings collateralized by:Available-for-sale securities$8,262,110 $93,702 4.5 %$8,072,935 $184,836 4.6 %Agency Derivatives (2)26,948 329 4.9 %16,002 391 4.9 %Mortgage servicing rights and advances (3)1,861,010 36,600 7.9 %1,852,201 72,608 7.8 %Mortgage loans held-for-sale7,651 129 6.7 %5,398 184 6.8 %Unsecured borrowings:Senior notes58,467 1,496 10.2 %29,234 1,496 10.2 %Convertible senior notes260,827 4,445 6.8 %260,651 8,900 6.8 %Total interest expense/cost of funds$10,477,013 $136,701 5.2 %$10,236,421 $268,415 5.2 %Net interest expense/spread$(19,619)0.1 %$(39,951)— %

Three Months Ended June 30, 2024Six Months Ended June 30, 2024(dollars in thousands)Average Balance (1)Interest Income/ExpenseNet Yield/Cost of FundsAverage Balance (1)Interest Income/ExpenseNet Yield/Cost of FundsInterest-earning assets:Available-for-sale securities$8,300,435 $99,211 4.8 %$8,434,340 $199,816 4.7 %Mortgage loans held-for-sale279 3 4.3 %292 4 2.7 %Reverse repurchase agreements349,962 4,700 5.4 %347,980 9,359 5.4 %Other12,039 24,557 Total interest income/net asset yield$8,650,676 $115,953