Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 53

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 53
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,374 $135,743 $(71,116)$7,665,001 $— $2,789 $(321,829)$7,345,961 Interest-only462,886 27,747 — 27,747 (2,386)473 (3,818)22,016 Total Agency8,063,260 163,490 (71,116)7,692,748 (2,386)3,262 (325,647)7,367,977 Non-Agency503,924 3,724 (16)4,279 (480)244 (309)3,734 Total$8,567,184 $167,214 $(71,132)$7,697,027 $(2,866)$3,506 $(325,956)$7,371,711 The following table presents the Company’s AFS securities according to their estimated weighted average life classifications as of June 30, 2025:June 30, 2025(in thousands) Agency Non-Agency Total< 1 year$275 $— $275 ≥ 1 and < 3 years9,604 — 9,604 ≥ 3 and < 5 years34,328 115 34,443 ≥ 5 and < 10 years8,273,101 3,058 8,276,159 ≥ 10 years— 276 276 Total$8,317,308 $3,449 $8,320,757 

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Table of ContentsTWO HARBORS INVESTMENT CORP.Notes to the Consolidated Financial Statements (unaudited)

Measurement of Allowances for Credit Losses on AFS Securities The Company uses a discounted cash flow method to estimate and recognize an allowance for credit losses on both Agency and non-Agency AFS securities that are not accounted for under the fair value option. The following tables present the changes in the allowance for credit losses on Agency and non-Agency AFS securities for the three and six months ended June 30, 2025 and 2024:Three Months EndedSix Months EndedJune 30, 2025June 30, 2025(in thousands)AgencyNon-AgencyTotalAgencyNon-AgencyTotalAllowance for credit losses at beginning of period$(2,273)$(407)$(2,