Company: MITN
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050624
Chunk: 262

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 262
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AG Mortgage Investment Trust Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)September 30, 2025

DerivativesThe following table presents information related to the Company's derivatives and other instruments and their balance sheet location as of September 30, 2025 and December 31, 2024 (in thousands). Balance Sheet LocationSeptember 30, 2025December 31, 2024Derivatives and Other Instruments (1)NotionalFair ValueNotionalFair ValuePay Fix/Receive Float Interest Rate Swap Agreements (2) (3)Other assets$231,500 $56 $337,550 $— Pay Fix/Receive Float Interest Rate Swap Agreements (2) (3)Other liabilities213,560 — 5,000 (4)Short TBAsOther assets— 820 — — Short TBAsOther liabilities— (1,688)— — Forward Purchase CommitmentsOther assets32,446 128 30,581 204 Forward Purchase CommitmentsOther liabilities30,096 (221)35,398 (336)(1)As of September 30, 2025 and December 31, 2024, no derivatives held by the Company were designated as hedges for accounting purposes.(2)As of September 30, 2025, the Company applied a reduction in fair value of $4.9 million and $2.3 million to its interest rate swap assets and liabilities, respectively, related to variation margin with a corresponding increase or decrease in restricted cash. As of December 31, 2024, the Company applied a reduction in fair value of $11.4 million and $35.0 thousand to its interest rate swap assets and liabilities, respectively, related to variation margin with a corresponding increase or decrease in restricted cash, net of collateral posted by the Company's derivative counterparties.(3)As of September 30, 2025, the Company's pay fix/receive float interest rate swaps had a weighted average pay-fixed rate of 3.34%, a weighted average receive-variable rate of 4.24%, and a weighted average years to maturity of 4.66 years. As of December 31, 2024, the Company's pay fix/receive float interest rate swaps had a weighted average pay-fixed rate of 3.48%, a weighted average receive-variable rate of