Company: AOMN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001766478-25-000042
Chunk: 16

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 16
---
 March 31, 2025 and December 31, 2024, respectively, in the amounts of $302.6 million and $202.0 million relates to the purchase of Whole Pool Agency RMBS at quarter-end in the first and fourth quarters of 2025 and 2024, respectively. Purchases are accounted for on a trade date basis, and, at times, there may be a timing difference between accounting periods for the trade date and the settlement date of a trade. The trade dates of these purchases were prior to the applicable quarter-end dates. These trades settled during April 2025 and January 2025, respectively, at which time these assets were simultaneously sold.The purchase transactions of these Whole Pool Agency RMBS are excluded from the condensed consolidated statements of cash flows until settled as they are noncash transactions.

7.    Securities Sold Under Agreements to Repurchase

Transactions involving securities sold under agreements to repurchase are treated as collateralized financial transactions, and are recorded at their contracted repurchase amounts. Margin (if required) for securities sold under agreements to repurchase represents margin collateral amounts held to ensure that the Company has sufficient coverage for securities sold under agreements to repurchase in case of adverse price changes. Restricted cash of margin collateral for securities sold under agreements to repurchase was $1.2 million and $1.2 million as of March 31, 2025 and December 31, 2024, respectively.The following table summarizes certain characteristics of the Company’s repurchase agreements as of March 31, 2025 and December 31, 2024:March 31, 2025Repurchase AgreementsAmount OutstandingWeighted Average Interest RateWeighted Average Remaining Maturity (Days)($ in thousands)U.S. Treasury securities$74,564 4.60 %3AOMT RMBS (1)73,903 5.70 %17Total$148,467 5.15 %10December 31, 2024Repurchase AgreementsAmount OutstandingWeighted Average Interest RateWeighted Average Remaining Maturity (Days)U.S. Treasury securities$— — %0AOMT RMBS (1)50,555 5.76 %19Total$50,555 5.76 %19(1)     A portion of repurchase debt outstanding as of both March 31, 2025 and December 31, 2024 includes borrowings against retained bonds received from