Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 341

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 341
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 (459)4,792 Total Interest-only88,393 4,381 (10,783)81,991 83,878 843 (16,551)68,170 Total Agency RMBS4,888,646 57,271 (16,118)4,929,799 3,163,035 12,861 (39,084)3,136,812 Non-Agency RMBS36,849 5,048 (2,530)39,367 66,203 6,098 (2,614)69,687 U.S. Treasury securities141,413 429 (1,407)140,435 657,659 — (35,614)622,045 Total $5,066,908 $62,748 $(20,055)$5,109,601 $3,886,897 $18,959 $(77,312)$3,828,544 Accrued interest receivable for investment securities available for sale in the amount of $25.8 million and $22.4 million as of June 30, 2025 and December 31, 2024, respectively, is included in other assets on the Company's condensed consolidated balance sheets.For the three and six months ended June 30, 2025, the Company recognized $14.5 million and $101.0 million in net unrealized gains on investment securities available for sale, respectively. For the three and six months ended June 30, 2024, the Company recognized $14.6 million and $47.9 million in net unrealized losses on investment securities available for sale, respectively.The Company's investment securities available for sale pledged as collateral against interest rate swap agreements and repurchase agreements are included in investment securities available for sale on the accompanying condensed consolidated balance sheets with the fair value of securities pledged disclosed in Notes 10 and 13, respectively.

19

Realized Gain and Loss ActivityThe Company did not sell investment securities during the three months ended June 30, 2025. The following table summarizes our investment securities sold during the six months ended June 30, 2025 (dollar amounts in thousands):For the Six Months Ended June 30, 2025Sales Proceeds Realized GainsRealized LossesNet Realized Gains (Losses)U.S. Treasury Securities$658,763 $3,700 $(30