Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 393

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 15
Chunk 393
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 to the baseline.Financial instruments not carried at fair valueThe following table presents the carrying value and fair value, as described above, of the Company’s financial instruments not carried at fair value on a recurring basis at December 31, 2024 and December 31, 2023.December 31, 2024 (dollars in thousands)Level in Fair Value HierarchyCarrying AmountFair ValueEquity method investments (1)3$63,947 $63,947 Secured financing agreements22,504,915 2,534,652 Securitized debt, collateralized by Non-Agency RMBS371,247 49,022 Long term debt2134,646 140,563  (1) Included in other assets on the Consolidated Statements of Financial Condition

119

December 31, 2023 (dollars in thousands)Level in Fair Value HierarchyCarrying AmountFair ValueEquity method investments (1)3$45,053 $45,053 Secured financing agreements22,081,877 2,111,855 Securitized debt, collateralized by Non-Agency RMBS375,012 50,430    (1) Included in other assets on the Consolidated Statements of Financial Condition

6. Secured Financing Agreements

Secured financing agreements include short term repurchase agreements with original maturity dates of less than one-year, long-term financing agreements with original maturity dates of more than one year and loan warehouse credit facilities collateralized by loans acquired by the Company. At December 31, 2024 and December 31, 2023, the repurchase agreements are collateralized by Agency and Non-Agency mortgage-backed securities with interest rates generally indexed to the Secured Overnight Financing Rate (“SOFR”). The maturity dates on the repurchase agreements are all less than one year and generally are less than 180 days. The collateral pledged as security on the repurchase agreements may include the Company’s investments in bonds issued by consolidated VIEs, which are eliminated in consolidation.The long-term financing agreements include secured financing arrangements with an original term of one year or greater which is secured by Non-Agency RMBS pledged as collateral. These long-term secured financing agreements have a maturity date of October 2025. The collateral pledged as security on the long-term financing agreements may include the Company’s investments in bonds issued by consolidated VIEs, which are eliminated in consolidation. The warehouse credit facilities collateralized by loans are rep