Company: TWO-PC
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001465740-25-000140
Chunk: 39

Company: TWO HARBORS INVESTMENT CORP.
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 39
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TWO HARBORS INVESTMENT CORP.

CONSOLIDATED BALANCE SHEETS

(in thousands, except share data) 

June 30,2025December 31,2024ASSETS(unaudited)Available-for-sale securities, at fair value (amortized cost $8,436,743 and $7,697,027, respectively; allowance for credit losses $2,235 and $2,866, respectively)$8,320,757 $7,371,711 Mortgage servicing rights, at fair value3,015,643 2,994,271 Mortgage loans held-for-sale, at fair value9,888 2,334 Cash and cash equivalents657,816 504,613 Restricted cash140,481 313,028 Accrued interest receivable36,768 33,331 Due from counterparties285,570 386,464 Derivative assets, at fair value88,651 10,114 Reverse repurchase agreements228,587 355,975 Other assets174,977 232,478 Total Assets (1)$12,959,138 $12,204,319 LIABILITIES AND STOCKHOLDERS’ EQUITYLiabilities:Repurchase agreements$8,782,622 $7,805,057 Revolving credit facilities1,011,871 1,020,171 Warehouse lines of credit9,275 2,032 Senior notes110,867 — Convertible senior notes260,944 260,229 Derivative liabilities, at fair value2,701 24,897 Due to counterparties388,508 648,643 Dividends payable54,195 58,725 Accrued interest payable80,167 85,994 Loss contingency accrual199,935 — Other liabilities172,027 176,062 Total Liabilities (1)11,073,112 10,081,810 Commitments and contingencies (see Note 14)Stockholders’ Equity:Preferred stock, par value $0.01 per share; 100,000,000 shares authorized and 24,870,817 shares issued and outstanding ($621,770 liquidation preference)601,467 601,467 Common stock, par value $0.01 per share; 175,000,000 shares authorized and 104,132,453 and 103,680,