Company: AOMN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001766478-25-000099
Chunk: 29

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 29
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The Company, from time to time, may be party to litigation relating to claims arising in the normal course of business. As of September 30, 2025, the Company was not aware of any legal claims that could materially impact its financial condition. As of September 30, 2025, the Company had no unfunded commitments.The Company has entered into forward purchase commitments with counterparties whereby the Company commits to purchasing residential mortgage loans at a particular price, provided the residential mortgage loans close with the counterparties. As of September 30, 2025 the Company had total purchase commitments of $186.8 million related to both Angel Oak Mortgage Lending and third parties. These commitments represent off-balance sheet risk where the Company may be required to extend credit. As of December 31, 2024, the Company had total purchase commitments of $152.6 million related to both Angel Oak Mortgage Lending and third parties.

11.    Accumulated Other Comprehensive Income (Loss)

The following table sets forth the net unrealized gain/(loss) on available-for-sale (“AFS”) securities for the three and nine months ended September 30, 2025 and 2024, which is the sole component of the changes in the Company’s Accumulated Other Comprehensive Income/(Loss) (“AOCI”) for the three and nine months ended September 30, 2025 and 2024:Three Months Ended September 30, 2025Three Months Ended September 30, 2024(in thousands)AOCI balance, beginning of period$(4,661)$(3,147)Net unrealized gain/(loss) on AFS securities3,665 2,706 AOCI balance, end of period$(996)$(441)Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024(in thousands)AOCI balance, beginning of period$(3,475)$(4,975)Net unrealized gain/(loss) on AFS securities2,479 4,534 AOCI balance, end of period$(996)$(441)

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Angel Oak Mortgage REIT, Inc.Notes to the Condensed Consolidated Financial Statements(Unaudited)

12.    Other Assets

The following table sets forth the detail of other assets included in the condensed consolidated balance sheets as of September 30, 2025 and December 31, 2024:September 30, 2025December 31, 2024(in thousands