Angel Oak Mortgage REIT Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
AOMN$24.40+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements (Unaudited)Condensed Consolidated Balance Sheets
PART I. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
Condensed Consolidated Balance Sheets
(in thousands, except for share data)
| As of: | ||
|---|---|---|
| June 30, 2024 | December 31, 2023 | |
| ASSETS | ||
| Residential mortgage loans - at fair value | $158,940 | $380,040 |
| Residential mortgage loans in securitization trusts - at fair value | 1,447,901 | 1,221,067 |
| RMBS - at fair value | 266,752 | 472,058 |
| U.S. Treasury securities - at fair value | 149,957 | 149,927 |
| Cash and cash equivalents | 43,956 | 41,625 |
| Restricted cash | 2,146 | 2,871 |
| Principal and interest receivable | 6,174 | 7,501 |
| Unrealized appreciation on TBAs and interest rate futures contracts - at fair value | 1,702 | — |
| Other assets | 36,246 | 32,922 |
| Total assets | $2,113,774 | $2,308,011 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| LIABILITIES | ||
| Notes payable | $101,200 | $290,610 |
| Non-recourse securitization obligation, collateralized by residential mortgage loans in securitization trusts (see Note 2) | 1,372,272 | 1,169,154 |
| Securities sold under agreements to repurchase | 201,051 | 193,656 |
| Unrealized depreciation on TBAs and interest rate futures contracts - at fair value | — | 1,334 |
| Due to broker | 181,847 | 391,964 |
| Accrued expenses | 653 | 985 |
| Accrued expenses payable to affiliate | 397 | 748 |
| Interest payable | 460 | 820 |
| Income taxes payable | 78 | 1,241 |
| Management fee payable to affiliate | 10 | 1,393 |
| Total liabilities | $1,857,968 | $2,051,905 |
| Commitments and contingencies | ||
| STOCKHOLDERS’ EQUITY | ||
| Common stock, $0.01 par value. As of June 30, 2024: 350,000,000 shares authorized, 24,998,549 shares issued and outstanding. As of December 31, 2023: 350,000,000 shares authorized, 24,965,274 shares issued and outstanding. | $249 | $249 |
| Additional paid-in capital | 478,328 | 477,068 |
| Accumulated other comprehensive income (loss) | (3,147) | (4,975) |
| Retained earnings (deficit) | (219,624) | (216,236) |
| Total stockholders’ equity | $255,806 | $256,106 |
| Total liabilities and stockholders’ equity | $2,113,774 | $2,308,011 |
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