Company: AOMN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001766478-25-000080
Chunk: 70

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 70
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,000 143 249,857 Global Investment Bank 3200,000 40,873 159,127 Total$1,050,000 $118,619 $931,381 

Although available financing is uncommitted for each of these lines of credit, the Company’s unused borrowing capacity is available if it has eligible collateral to pledge and meets other borrowing conditions as set forth in the applicable agreements.

56

Short‑Term Repurchase Facilities. 

In addition to our existing loan financing lines, we employ short‑term repurchase facilities to borrow against U.S. Treasury securities, securities issued by AOMT, Angel Oak’s securitization platform, and other securities we may acquire in accordance with our investment guidelines.

The following table sets forth certain characteristics of our short-term repurchase facilities as of June 30, 2025 and December 31, 2024:

June 30, 2025Repurchase AgreementsAmount OutstandingWeighted Average Interest RateWeighted Average Remaining Maturity (Days)(in thousands)AOMT RMBS (1)$68,062 5.85 %11December 31, 2024Repurchase AgreementsAmount OutstandingWeighted Average Interest RateWeighted Average Remaining Maturity (Days)(in thousands)AOMT RMBS (1)$50,555 5.76 %19

(1)     A portion of repurchase debt outstanding as of both June 30, 2025 and December 31, 2024 includes borrowings against retained bonds received from on-balance sheet securitizations (i.e., consolidated VIEs).

The following table presents the amount of collateralized borrowings outstanding under repurchase facilities as of the end of each quarter, the average amount of collateralized borrowings outstanding under repurchase facilities during the quarter and the highest balance of any month end during the quarter:

Quarter EndQuarter End BalanceAverage Balance in QuarterHighest Month-End Balance in Quarter(in thousands)Q2 2023$340,701 $101,731 $340,701 Q3 2023188,101 87,279 188,101 Q4 2023193,656 62,536 193,656 Q1 2024193,493 69,254 193,493 Q2 2024201,051 66,804 201,051 Q3 2024102,876 57,842 102,876