Company: MITN
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001514281-25-000062
Chunk: 186

Company: AG Mortgage Investment Trust, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 186
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337,550 $— Pay Fix/Receive Float Interest Rate Swap Agreements (2) (3)Other liabilities208,000 (256)5,000 (4)Forward Purchase CommitmentsOther assets— — 30,581 204 Forward Purchase CommitmentsOther liabilities— — 35,398 (336)(1)As of March 31, 2025 and December 31, 2024, no derivatives held by the Company were designated as hedges for accounting purposes.(2)As of March 31, 2025, the Company applied a reduction in fair value of $6.4 million and $2.2 million to its interest rate swap assets and liabilities, respectively, related to variation margin with a corresponding increase or decrease in restricted cash. As of December 31, 2024, the Company applied a reduction in fair value of $11.4 million and $35.0 thousand to its interest rate swap assets and liabilities, respectively, related to variation margin with a corresponding increase or decrease in restricted cash, net of collateral posted by the Company's derivative counterparties.(3)As of March 31, 2025, the Company's pay fix/receive float interest rate swaps had a weighted average pay-fixed rate of 3.52%, a weighted average receive-variable rate of 4.41%, and a weighted average years to maturity of 4.68 years. As of December 31, 2024, the Company's pay fix/receive float interest rate swaps had a weighted average pay-fixed rate of 3.48%, a weighted average receive-variable rate of 4.49%, and a weighted average years to maturity of 4.86 years. 

26

AG Mortgage Investment Trust Inc. and SubsidiariesNotes to Consolidated Financial Statements (Unaudited)March 31, 2025

Derivative and other instruments eligible for offset are presented gross on the consolidated balance sheets as of March 31, 2025 and December 31, 2024, if applicable. The Company has not offset or netted any derivatives or other instruments with any financial instruments or cash collateral posted or received.  The Company must post cash or securities as collateral on its derivative instruments when their fair value declines. This typically occurs when prevailing market rates change adversely, with the severity of the change also dependent on the term of the derivatives involved. The posting of collateral is generally bilateral, meaning that if the fair value