Company: TWO-PC
Filing Date: 2025-04-29
Form Type: 10-Q
Source: 0001465740-25-000104
Chunk: 12

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-04-29
Form: 10-Q
Item: Item 1
Chunk 12
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,123 3,559 Amortization of deferred debt issuance costs on convertible senior notes and term notes payable362 620 Provision for credit losses on investment securities94 80 Realized and unrealized losses on investment securities32,635 10,895 Loss (gain) on servicing asset36,221 (11,012)Realized and unrealized loss (gain) on interest rate swaps and swaptions104,763 (84,216)Unrealized losses (gains) on other derivative instruments2,649 (75,520)(Gains) losses on mortgage loans held-for-sale(624)4 Equity based compensation6,523 6,083 Originations and purchases of mortgage loans held-for-sale(28,870)(1)Proceeds from sales of mortgage loans held-for-sale23,113 — Proceeds from repayment of mortgage loans held-for-sale1 50 Net change in assets and liabilities:Increase in accrued interest receivable(5,946)(148)(Increase) decrease in deferred income taxes, net(2,763)9,868 Decrease in accrued interest payable(10,640)(61,783)Change in other operating assets and liabilities, net29,327 (10,737)Net cash provided by (used in) operating activities111,913 (8,670)Cash Flows From Investing Activities:Purchases of available-for-sale securities(2,625,086)(442,831)Proceeds from sales of available-for-sale securities1,329,584 333,082 Principal payments on available-for-sale securities180,663 136,742 Purchases of mortgage servicing rights, net of purchase price adjustments(1,514)(40,072)Proceeds from sales of mortgage servicing rights— 18,221 Net (payments) proceeds on derivative instruments(146,549)202,151 Payments for reverse repurchase agreements(1,434,785)(1,080,847)Proceeds from reverse repurchase agreements1,562,942 1,013,095 Payment for acquisition of RoundPoint Mortgage Servicing LLC— (20,976)Decrease in due to counterparties, net(893,113)(466,272)Net cash used in investing activities$(2,027,858)$(347,707)

The accompanying notes are an integral part of these consolidated financial statements.

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TWO HARBORS INVESTMENT CORP.

CONSOLID