Company: AOMN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001766478-25-000042
Chunk: 0

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
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PART I. FINANCIAL INFORMATIONITEM 1. FINANCIAL STATEMENTSAngel Oak Mortgage REIT, Inc.Condensed Consolidated Balance Sheets(Unaudited)(in thousands, except for share data)

As of:March 31, 2025December 31, 2024ASSETSResidential mortgage loans - at fair value$439,460 $183,064 Residential mortgage loans in securitization trusts - at fair value1,672,189 1,696,995 RMBS - at fair value398,272 300,243 U.S. Treasury securities - at fair value74,959 — Cash and cash equivalents38,696 40,762 Restricted cash4,774 2,131 Principal and interest receivable9,823 8,141 TBA derivatives and interest rate futures derivatives - at fair value1,421 1,515 Other assets36,941 36,918 Total assets$2,676,535 $2,269,769 LIABILITIES AND STOCKHOLDERS’ EQUITYLIABILITIESNotes payable$360,470 $129,459 Non-recourse securitization obligation, collateralized by residential mortgage loans in securitization trusts (see Note 2)1,556,075 1,593,612 Securities sold under agreements to repurchase148,467 50,555 Interest rate futures derivatives - at fair value947 — Due to broker302,619 201,994 Senior unsecured notes47,865 47,740 Accrued expenses2,539 2,291 Accrued expenses payable to affiliate248 766 Interest payable1,865 934 Income taxes payable2,785 2,785 Management fee payable to affiliate1,175 666 Total liabilities$2,425,055 $2,030,802 STOCKHOLDERS’ EQUITYCommon stock, $0.01 par value. As of March 31, 2025: 350,000,000 shares authorized, 23,500,175 shares issued and outstanding. As of December 31, 2024: 350,000,000 shares authorized, 23,500,175 shares issued and outstanding.$234 $234 Additional paid-in capital461,294 461,057 Accumulated other comprehensive income (loss)(4,170)(3