Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 118

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 118
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$1,551 $118 7.6 %Agency CMBS35,555 1,951 5.5 %139,746 6,878 4.9 %Non-Agency RMBS661,781 44,649 6.7 %744,208 64,831 8.7 %Loans held for investment1,709,150 108,891 6.4 %1,950,810 127,627 6.5 %Securitized debt7,930,785 293,509 3.7 %8,408,355 292,920 3.5 %Long term debt (3)110,050 6,634 9.9 %— — — %Total$10,988,056 $472,494 4.3 %$11,244,670 $492,374 4.4 %Economic net interest income/net interest rate spread$281,104 1.5 %$270,659 1.3 %Net interest-earning assets/net interest margin$2,008,756 2.2 %$2,135,335 2.0 %Ratio of interest-earning assets to interest bearing liabilities1.18 1.19  (1) Interest-earning assets at amortized cost.(2) Interest includes periodic net interest cost on swaps.(3) These amounts have been adjusted to reflect the daily outstanding averages for which the financial instruments were held during the period.

Economic Net Interest Income and the Average Earning Assets

Our Economic net interest income (which is a non-GAAP measure, see “Economic net interest income” discussion earlier for details) increased by $10 million to $281 million for the year ended December 31, 2024 from $271 million for the year ended December 31, 2023. The net interest margin, which equals the Economic net interest income as a percentage of the net average balance of our interest-earning assets less our interest-bearing liabilities, increased by 20 basis points for the year ended December 31, 2024, as compared to the year ended December 31, 2023. Our Average net interest-earning assets decreased by $127 million to $2.0 billion for the year ended December 31, 2024, compared to $2.1 billion for the same period of 202