$AOMR
Angel Oak Mortgage REIT, Inc. Stock $aomr

$aomr Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000176647823000073 Filed on May 09, 2023

Income Statement

Concept	2023 Q2	2023 Q1
Revenue	$23.76M	$23.74M
YoY Change	-20.0%	-12.43%
Cost Of Revenue	$1.027M	$883.0K
YoY Change		-56.27%
Gross Profit	$5.425M	$5.916M
YoY Change	-66.98%	-60.35%
Gross Profit Margin	22.83%	24.92%
Selling, General & Admin	$1.700M	$2.063M
YoY Change	-42.84%	-24.82%
% of Gross Profit	31.34%	34.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$4.521M	$4.733M
YoY Change	-33.41%	-35.89%
Operating Profit	$904.0K	$1.183M
YoY Change	-90.62%	-84.3%
Interest Expense	$17.31M	$16.94M
YoY Change	30.44%	66.58%
% of Operating Profit	1914.93%	1432.04%
Other Income/Expense, Net
YoY Change
Pretax Income	-$2.907M	$530.0K
YoY Change	-94.43%	-101.13%
Income Tax	$781.0K	$0.00
% Of Pretax Income		0.0%
Net Earnings	-$3.688M	$530.0K
YoY Change	-92.93%	-101.22%
Net Earnings / Revenue	-15.52%	2.23%
Basic Earnings Per Share	-$0.15	$0.02
Diluted Earnings Per Share	-$0.15	$0.02
COMMON SHARES
Basic Shares Outstanding	24.88M shares	24.93M shares
Diluted Shares Outstanding	24.69M shares	24.93M shares

Balance Sheet

Concept	2023 Q2	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$59.14M	$36.77M
YoY Change	267.33%	-59.34%
Cash & Equivalents	$59.10M	$36.80M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$68.98M	$50.42M
YoY Change	16.65%	-57.44%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$777.9M	$940.5M
YoY Change	-16.52%	10.47%
Other Assets	$13.03M	$24.30M
YoY Change	41.17%	346.07%
Total Long-Term Assets	$2.345B	$2.549B
YoY Change	-27.3%	-17.24%
TOTAL ASSETS
Total Short-Term Assets	$68.98M	$50.42M
Total Long-Term Assets	$2.345B	$2.549B
Total Assets	$2.414B	$2.599B
YoY Change	-26.51%	-18.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$3.132M	$3.117M
YoY Change	-53.85%	-9.47%
Deferred Revenue
YoY Change
Short-Term Debt	$340.7M	$442.2M
YoY Change	165.42%	-7.37%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$735.7M	$894.4M
YoY Change	-14.21%	14.47%
LONG-TERM LIABILITIES
Long-Term Debt	$1.445B	$1.452B
YoY Change	-29.55%	-26.94%
Other Long-Term Liabilities		$8.417M
YoY Change		4.9%
Total Long-Term Liabilities	$1.445B	$1.460B
YoY Change	-29.83%	-26.81%
TOTAL LIABILITIES
Total Short-Term Liabilities	$735.7M	$894.4M
Total Long-Term Liabilities	$1.445B	$1.460B
Total Liabilities	$2.181B	$2.355B
YoY Change	-25.24%	-15.2%
SHAREHOLDERS EQUITY
Retained Earnings	-$237.1M	-$225.5M
YoY Change	122.31%	604.19%
Common Stock	$249.0K	$249.0K
YoY Change	0.0%	-1.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$232.7M	$244.4M
YoY Change
Total Liabilities & Shareholders Equity	$2.414B	$2.599B
YoY Change	-26.51%	-18.73%

Cashflow Statement

Concept	2023 Q2	2023 Q1
OPERATING ACTIVITIES
Net Income	-$3.688M	$530.0K
YoY Change	-92.93%	-101.22%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	$15.42M	$265.1M
YoY Change	-152.44%	-143.72%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$102.9M	-$409.5M
YoY Change	-57.34%	-256.7%
Cash From Investing Activities	$102.9M	-$409.5M
YoY Change	-57.34%	-256.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-107.2M	$162.2M
YoY Change	-62.49%	-58.28%
NET CHANGE
Cash From Operating Activities	15.42M	$265.1M
Cash From Investing Activities	102.9M	-$409.5M
Cash From Financing Activities	-107.2M	$162.2M
Net Change In Cash	11.10M	$17.76M
YoY Change	-115.0%	-59.26%
FREE CASH FLOW
Cash From Operating Activities	$15.42M	$265.1M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001766478
CY2023Q1	dei	Amendment Flag AmendmentFlag	false
CY2023Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023Q1	dei	Document Type DocumentType	10-Q
CY2023Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q1	dei	Document Period End Date DocumentPeriodEndDate	2023-03-31
CY2023Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q1	dei	Entity File Number EntityFileNumber	001-40495
CY2023Q1	dei	Entity Registrant Name EntityRegistrantName	Angel Oak Mortgage REIT, Inc.
CY2023Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2023Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	37-1892154
CY2023Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	3344 Peachtree Road Northeast
CY2023Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 1725
CY2023Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Atlanta
CY2023Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	GA
CY2023Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	30326
CY2023Q1	dei	City Area Code CityAreaCode	404
CY2023Q1	dei	Local Phone Number LocalPhoneNumber	953-4900
CY2023Q1	dei	Security12b Title Security12bTitle	Common stock, $0.01 par value
CY2023Q1	dei	Trading Symbol TradingSymbol	AOMR
CY2023Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2023Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2023Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q1	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	24879303	shares
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	36772000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	29272000	usd
CY2023Q1	us-gaap	Restricted Cash RestrictedCash	20845000	usd
CY2022Q4	us-gaap	Restricted Cash RestrictedCash	10589000	usd
CY2023Q1	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	13645000	usd
CY2022Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	17497000	usd
CY2023Q1	us-gaap	Derivative Assets DerivativeAssets	0	usd
CY2022Q4	us-gaap	Derivative Assets DerivativeAssets	14756000	usd
CY2023Q1	us-gaap	Other Assets OtherAssets	16244000	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	4767000	usd
CY2023Q1	us-gaap	Assets Assets	2599169000	usd
CY2022Q4	us-gaap	Assets Assets	2946212000	usd
CY2023Q1	us-gaap	Line Of Credit LineOfCredit	439252000	usd
CY2022Q4	us-gaap	Line Of Credit LineOfCredit	639870000	usd
CY2023Q1	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	442214000	usd
CY2022Q4	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	52544000	usd
CY2023Q1	us-gaap	Due To Correspondent Brokers DueToCorrespondentBrokers	447568000	usd
CY2022Q4	us-gaap	Due To Correspondent Brokers DueToCorrespondentBrokers	1006022000	usd
CY2023Q1	aomr	Unrealized Depreciation On Futures Contracts Fair Value UnrealizedDepreciationOnFuturesContractsFairValue	8417000	usd
CY2022Q4	aomr	Unrealized Depreciation On Futures Contracts Fair Value UnrealizedDepreciationOnFuturesContractsFairValue	0	usd
CY2023Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	652000	usd
CY2022Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	1288000	usd
CY2023Q1	us-gaap	Accounts Payable Related Parties Current And Noncurrent AccountsPayableRelatedPartiesCurrentAndNoncurrent	1184000	usd
CY2022Q4	us-gaap	Accounts Payable Related Parties Current And Noncurrent AccountsPayableRelatedPartiesCurrentAndNoncurrent	2006000	usd
CY2023Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	1281000	usd
CY2022Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	2551000	usd
CY2023Q1	aomr	Management Fee Payable Related Parties ManagementFeePayableRelatedParties	1519000	usd
CY2022Q4	aomr	Management Fee Payable Related Parties ManagementFeePayableRelatedParties	1967000	usd
CY2023Q1	us-gaap	Liabilities Liabilities	2354791000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	2709733000	usd
CY2023Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	350000000	shares
CY2023Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	24925357	shares
CY2023Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	24925357	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	350000000	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	24925357	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	24925357	shares
CY2023Q1	us-gaap	Common Stock Value CommonStockValue	249000	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	249000	usd
CY2023Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	475920000	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	475379000	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-6323000	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-21127000	usd
CY2023Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-225468000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-218022000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	244378000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	236479000	usd
CY2023Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2599169000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2946212000	usd
CY2023Q1	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	23740000	usd
CY2022Q1	us-gaap	Interest And Dividend Income Operating InterestAndDividendIncomeOperating	27109000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	16941000	usd
CY2022Q1	us-gaap	Interest Expense InterestExpense	10170000	usd
CY2023Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	6799000	usd
CY2022Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	16939000	usd
CY2023Q1	aomr	Realized Gain Loss On Derivatives And Investments RealizedGainLossOnDerivativesAndInvestments	-10843000	usd
CY2022Q1	aomr	Realized Gain Loss On Derivatives And Investments RealizedGainLossOnDerivativesAndInvestments	26416000	usd
CY2023Q1	aomr	Unrealized Gain Loss On Derivatives And Investments UnrealizedGainLossOnDerivativesAndInvestments	10190000	usd
CY2022Q1	aomr	Unrealized Gain Loss On Derivatives And Investments UnrealizedGainLossOnDerivativesAndInvestments	-80181000	usd
CY2023Q1	aomr	Realized And Unrealized Gain Loss On Derivatives And Investments RealizedAndUnrealizedGainLossOnDerivativesAndInvestments	-653000	usd
CY2022Q1	aomr	Realized And Unrealized Gain Loss On Derivatives And Investments RealizedAndUnrealizedGainLossOnDerivativesAndInvestments	-53765000	usd
CY2023Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	2204000	usd
CY2022Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	3784000	usd
CY2023Q1	aomr	Other Operating Expenses Affiliates OtherOperatingExpensesAffiliates	466000	usd
CY2022Q1	aomr	Other Operating Expenses Affiliates OtherOperatingExpensesAffiliates	855000	usd
CY2023Q1	aomr	Noninterest Expense Due Diligence And Transaction Costs NoninterestExpenseDueDiligenceAndTransactionCosts	0	usd
CY2022Q1	aomr	Noninterest Expense Due Diligence And Transaction Costs NoninterestExpenseDueDiligenceAndTransactionCosts	770000	usd
CY2023Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	541000	usd
CY2022Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	871000	usd
CY2023Q1	aomr	Securitization Costs SecuritizationCosts	883000	usd
CY2022Q1	aomr	Securitization Costs SecuritizationCosts	2019000	usd
CY2023Q1	us-gaap	Management Fee Expense ManagementFeeExpense	1522000	usd
CY2022Q1	us-gaap	Management Fee Expense ManagementFeeExpense	1873000	usd
CY2023Q1	us-gaap	Noninterest Expense NoninterestExpense	5616000	usd
CY2022Q1	us-gaap	Noninterest Expense NoninterestExpense	10172000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	530000	usd
CY2022Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-46998000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
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CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	530000	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-43541000	usd
CY2023Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	0	usd
CY2022Q1	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	4000	usd
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CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	14804000	usd
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CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.02
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CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	24662737	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	24642961	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	24925357	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	24642961	shares
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	236479000	usd
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CY2023Q1	us-gaap	Dividends Common Stock DividendsCommonStock	7976000	usd
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CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	530000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	244378000	usd
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CY2022Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	3003000	usd
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CY2022Q1	us-gaap	Dividends Common Stock DividendsCommonStock	11290000	usd
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CY2023Q1	aomr	Unrealized Gain Loss On Derivatives And Investments Net Cash Flow Statement UnrealizedGainLossOnDerivativesAndInvestmentsNetCashFlowStatement	10190000	usd
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CY2023Q1	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	-181000	usd
CY2022Q1	us-gaap	Depreciation Amortization And Accretion Net DepreciationAmortizationAndAccretionNet	0	usd
CY2023Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	367000	usd
CY2022Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	257000	usd
CY2023Q1	aomr	Amortization Of Discounts And Premiums Investments AmortizationOfDiscountsAndPremiumsInvestments	846000	usd
CY2022Q1	aomr	Amortization Of Discounts And Premiums Investments AmortizationOfDiscountsAndPremiumsInvestments	3695000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	541000	usd
CY2022Q1	us-gaap	Share Based Compensation ShareBasedCompensation	871000	usd
CY2023Q1	aomr	Increase Decrease In Payments To Purchase Mortgage Loans IncreaseDecreaseInPaymentsToPurchaseMortgageLoans	0	usd
CY2022Q1	aomr	Increase Decrease In Payments To Purchase Mortgage Loans IncreaseDecreaseInPaymentsToPurchaseMortgageLoans	330299000	usd
CY2023Q1	aomr	Increase Decrease In Payments To Purchase Mortgage Loans Related Party IncreaseDecreaseInPaymentsToPurchaseMortgageLoansRelatedParty	0	usd
CY2022Q1	aomr	Increase Decrease In Payments To Purchase Mortgage Loans Related Party IncreaseDecreaseInPaymentsToPurchaseMortgageLoansRelatedParty	347086000	usd
CY2023Q1	aomr	Increase Decrease In Principal Payments On Residential Mortgage Loans In Securitization Trusts IncreaseDecreaseInPrincipalPaymentsOnResidentialMortgageLoansInSecuritizationTrusts	18916000	usd
CY2022Q1	aomr	Increase Decrease In Principal Payments On Residential Mortgage Loans In Securitization Trusts IncreaseDecreaseInPrincipalPaymentsOnResidentialMortgageLoansInSecuritizationTrusts	0	usd
CY2023Q1	aomr	Increase Decrease In Principal Payments Received On Mortgage Loans IncreaseDecreaseInPrincipalPaymentsReceivedOnMortgageLoans	18328000	usd
CY2022Q1	aomr	Increase Decrease In Principal Payments Received On Mortgage Loans IncreaseDecreaseInPrincipalPaymentsReceivedOnMortgageLoans	18239000	usd
CY2023Q1	us-gaap	Increase Decrease Cash Collateral From Counterparties IncreaseDecreaseCashCollateralFromCounterparties	0	usd
CY2022Q1	us-gaap	Increase Decrease Cash Collateral From Counterparties IncreaseDecreaseCashCollateralFromCounterparties	8024000	usd
CY2023Q1	aomr	Increase Decrease On Margin Received From Posted On Derivatives IncreaseDecreaseOnMarginReceivedFromPostedOnDerivatives	6662000	usd
CY2022Q1	aomr	Increase Decrease On Margin Received From Posted On Derivatives IncreaseDecreaseOnMarginReceivedFromPostedOnDerivatives	33827000	usd
CY2023Q1	aomr	Increase Decrease In Sales Of Residential Mortgage Loans Into Affiliate Securitization Trust IncreaseDecreaseInSalesOfResidentialMortgageLoansIntoAffiliateSecuritizationTrust	229279000	usd
CY2022Q1	aomr	Increase Decrease In Sales Of Residential Mortgage Loans Into Affiliate Securitization Trust IncreaseDecreaseInSalesOfResidentialMortgageLoansIntoAffiliateSecuritizationTrust	0	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Investment Income Receivable IncreaseDecreaseInAccruedInvestmentIncomeReceivable	-3852000	usd
CY2022Q1	us-gaap	Increase Decrease In Accrued Investment Income Receivable IncreaseDecreaseInAccruedInvestmentIncomeReceivable	2028000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	11477000	usd
CY2022Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	2447000	usd
CY2023Q1	us-gaap-supplement	Increase Decrease In Management Fee Payable IncreaseDecreaseInManagementFeePayable	-448000	usd
CY2022Q1	us-gaap-supplement	Increase Decrease In Management Fee Payable IncreaseDecreaseInManagementFeePayable	12000	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-636000	usd
CY2022Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	83000	usd
CY2023Q1	aomr	Increase Decrease In Accrued Expenses Payable To Affiliates IncreaseDecreaseInAccruedExpensesPayableToAffiliates	-822000	usd
CY2022Q1	aomr	Increase Decrease In Accrued Expenses Payable To Affiliates IncreaseDecreaseInAccruedExpensesPayableToAffiliates	-221000	usd
CY2023Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-1270000	usd
CY2022Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	426000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	265140000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-606423000	usd
CY2023Q1	us-gaap	Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale	10363000	usd
CY2022Q1	us-gaap	Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale	0	usd
CY2023Q1	aomr	Payments To Acquire Debt Securities Available For Sale Other PaymentsToAcquireDebtSecuritiesAvailableForSaleOther	399456000	usd
CY2022Q1	aomr	Payments To Acquire Debt Securities Available For Sale Other PaymentsToAcquireDebtSecuritiesAvailableForSaleOther	349992000	usd
CY2023Q1	aomr	Proceeds From Sale Of Debt Securities Available For Sale Other ProceedsFromSaleOfDebtSecuritiesAvailableForSaleOther	0	usd
CY2022Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	11290000	usd
CY2022Q1	aomr	Proceeds From Sale Of Debt Securities Available For Sale Other ProceedsFromSaleOfDebtSecuritiesAvailableForSaleOther	249999000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale	164000	usd
CY2022Q1	us-gaap	Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale	271995000	usd
CY2023Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS	101000	usd
CY2022Q1	us-gaap	Proceeds From Maturities Prepayments And Calls Of Mortgage Backed Securities Mbs ProceedsFromMaturitiesPrepaymentsAndCallsOfMortgageBackedSecuritiesMBS	3635000	usd
CY2023Q1	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	0	usd
CY2022Q1	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	88228000	usd
CY2023Q1	aomr	Payments For Origination Of Mortgage Loans Held For Investment PaymentsForOriginationOfMortgageLoansHeldForInvestment	0	usd
CY2022Q1	aomr	Payments For Origination Of Mortgage Loans Held For Investment PaymentsForOriginationOfMortgageLoansHeldForInvestment	3180000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Loans Held For Investment ProceedsFromSaleOfLoansHeldForInvestment	0	usd
CY2022Q1	us-gaap	Proceeds From Sale Of Loans Held For Investment ProceedsFromSaleOfLoansHeldForInvestment	640000	usd
CY2023Q1	aomr	Proceeds Payments Received On Mortgage Loans Held For Investment ProceedsPaymentsReceivedOnMortgageLoansHeldForInvestment	10000	usd
CY2022Q1	aomr	Proceeds Payments Received On Mortgage Loans Held For Investment ProceedsPaymentsReceivedOnMortgageLoansHeldForInvestment	38000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-409544000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	261363000	usd
CY2023Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	7976000	usd
CY2023Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
CY2022Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	3003000	usd
CY2023Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	18916000	usd
CY2022Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	88228000	usd
CY2023Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	usd
CY2022Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	24000	usd
CY2023Q1	aomr	Proceeds From Securitization Financing Activities ProceedsFromSecuritizationFinancingActivities	0	usd
CY2022Q1	aomr	Proceeds From Securitization Financing Activities ProceedsFromSecuritizationFinancingActivities	520262000	usd
CY2023Q1	us-gaap	Proceeds From Payments For In Securities Sold Under Agreements To Repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase	389670000	usd
CY2022Q1	us-gaap	Proceeds From Payments For In Securities Sold Under Agreements To Repurchase ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase	-131830000	usd
CY2023Q1	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	-200618000	usd
CY2022Q1	us-gaap	Proceeds From Repayments Of Notes Payable ProceedsFromRepaymentsOfNotesPayable	102757000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	162160000	usd
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	388644000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	17756000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	43584000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	39861000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	52309000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	57617000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	95893000	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	18210000	usd
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	9744000	usd
CY2023Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	36800000	usd
CY2023Q1	us-gaap	Restricted Cash RestrictedCash	20800000	usd
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	90400000	usd
CY2022Q1	us-gaap	Restricted Cash RestrictedCash	5400000	usd
CY2023Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The preparation of financial statements requires the Company to make a number of significant estimates. These include estimates of fair value of certain assets and liabilities, amounts and timing of credit losses, prepayment rates, and other estimates that affect the reported amounts of certain assets and liabilities as of the date of the condensed consolidated financial statements and the reported amounts of certain revenues and expenses during the reported periods. It is likely that changes in these estimates (e.g., fair value changes due to inputs and underlying assumptions as described in Note 10 — </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Fair Value</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">, credit performance, prepayments, interest rates, or other reasons) will occur in the near term. The Company’s estimates are inherently subjective in nature and actual results could differ from the Company’s estimates and the differences could be material.</span></div>
CY2023Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Reclassifications</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Certain amounts reported in prior periods in the financial statements have been reclassified to conform to the current year’s presentation. For comparative purposes, and to simplify the presentation of the Company’s condensed consolidated balance sheet, the deferred tax asset has been reclassified to “other assets” on the condensed consolidated balance sheet as of December 31, 2022. See Note 14 — </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Other Assets</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:700;line-height:120%">Summary of Significant Accounting Policies</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company’s summary of significant accounting policies as set forth in its Annual Report on Form 10-K remain unchanged. During the period ended March 31, 2023, the Company elected a new accounting classification regarding certain of its investments in debt securities, as further described below, as the Company classifies securities on a trade-by-trade basis upon purchase. The Company did not transfer any securities between classifications.</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company classifies its investments in debt securities in accordance with Accounting Standards Codification 320 - </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Investments - Debt Securities</span> (“ASC 320”) as “trading,” “available for sale,” or “held to maturity”. Historically, the Company had classified all of its investments in debt securities as available for sale (“AFS”). In the first quarter of 2023, the Company designated its new purchases of Freddie Mac and Fannie Mae-issued whole pool agency residential mortgage-backed securities (“Whole Pool Agency RMBS”) and new purchases of U.S. Treasury securities as trading securities.
CY2023Q1	aomr	Non Recourse Securitization Obligation Fair Value Disclosure NonRecourseSecuritizationObligationFairValueDisclosure	550540000	usd
CY2023Q1	us-gaap	Due To And From Broker Dealers And Clearing Organizations Disclosure DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure	Due to Broker<div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The “Due to broker” account on the condensed consolidated balance sheets as of March 31, 2023 and December 31, 2022, respectively, in the amounts of $447.6 million and $1.0 billion relates to the purchase of Whole Pool Agency RMBS at quarter-end in the first and fourth quarters of 2023 and 2022, respectively. Purchases are accounted for on a trade date basis, and, at times, there may be a timing difference between the trade date and the settlement date of a trade. The trade dates of these purchases were prior to the applicable quarter-end dates. These trades settled on April 13, 2023 and January 13, 2023 respectively, at which time these assets were simultaneously sold.</span></div><div style="margin-top:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The purchase transactions of these Whole Pool Agency RMBS are excluded from the condensed consolidated statements of cash flows as they are noncash transactions.</span></div>
CY2023Q1	us-gaap	Due To Correspondent Brokers DueToCorrespondentBrokers	447600000	usd
CY2022Q4	us-gaap	Due To Correspondent Brokers DueToCorrespondentBrokers	1000000000	usd
CY2023Q1	us-gaap	Schedule Of Repurchase Agreements ScheduleOfRepurchaseAgreements	<div style="margin-bottom:9pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The following table summarizes certain characteristics of the Company’s repurchase agreements as of March 31, 2023 and December 31, 2022:</span></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"/><td style="width:37.113%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.532%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.080%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.532%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:18.080%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.532%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:20.131%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">March 31, 2023</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Repurchase Agreements</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Amount Outstanding</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted Average Interest Rate</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted Average Remaining Maturity (Days)</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">($ in thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">U.S. Treasury securities</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">397,503 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.65 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">RMBS</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">44,711 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.55 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">12</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">442,214 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">3.94 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">11</span></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2022</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Repurchase Agreements</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Amount Outstanding</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted Average Interest Rate</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Weighted Average Remaining Maturity (Days)</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:100%">($ in thousands)</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">RMBS</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:100%;position:relative;top:-3.15pt;vertical-align:baseline"> (1)</span></div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">52,544 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.07 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt 2px 7.75pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Total</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">52,544 </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">6.07 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">%</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:100%">13</span></td></tr></table></div><div style="text-indent:36pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:5.85pt;font-weight:400;line-height:120%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> A portion of repurchase debt outstanding as of both March 31, 2023 and December 31, 2022 includes borrowings against retained bonds received from on-balance sheet securitizations (i.e., consolidated VIEs). See Note 5 - </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-style:italic;font-weight:400;line-height:120%">Investment Securities.</span></div>
CY2023Q1	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	442214000	usd
CY2023Q1	us-gaap	Assets Sold Under Agreements To Repurchase Interest Rate AssetsSoldUnderAgreementsToRepurchaseInterestRate	0.0394
CY2023Q1	us-gaap	Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1 RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1	P11D
CY2022Q4	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	52544000	usd
CY2022Q4	us-gaap	Assets Sold Under Agreements To Repurchase Interest Rate AssetsSoldUnderAgreementsToRepurchaseInterestRate	0.0607
CY2022	us-gaap	Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1 RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1	P13D
CY2023Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	2511663000	usd
CY2023Q1	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	558957000	usd
CY2023Q1	aomr	Amortized Cost Of Investment AmortizedCostOfInvestment	11500000	usd
CY2023Q1	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	12000000	usd
CY2022Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	2884087000	usd
CY2022Q4	aomr	Non Recourse Securitization Obligation Fair Value Disclosure NonRecourseSecuritizationObligationFairValueDisclosure	530560000	usd
CY2022Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	530560000	usd
CY2023Q1	us-gaap	Investments In And Advances To Affiliates Amount Of Equity InvestmentsInAndAdvancesToAffiliatesAmountOfEquity	11464000	usd
CY2022Q4	us-gaap	Investments In And Advances To Affiliates Amount Of Equity InvestmentsInAndAdvancesToAffiliatesAmountOfEquity	0	usd
CY2023Q1	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	3457000	usd
CY2022Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	3457000	usd
CY2023Q1	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1323000	usd
CY2022Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1310000	usd
CY2023Q1	us-gaap	Other Assets OtherAssets	16244000	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	4767000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	530000	usd
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-43545000	usd
CY2023Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	85000	usd
CY2022Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	0	usd
CY2023Q1	us-gaap	Undistributed Earnings UndistributedEarnings	445000	usd
CY2022Q1	us-gaap	Undistributed Earnings UndistributedEarnings	-43545000	usd
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	24662737	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	24642961	shares
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.02
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.77
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	530000	usd
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-43545000	usd
CY2023Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	85000	usd
CY2022Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	0	usd
CY2023Q1	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	445000	usd
CY2022Q1	us-gaap	Undistributed Earnings Diluted UndistributedEarningsDiluted	-43545000	usd
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	24662737	shares
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	24642961	shares
CY2023Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	262620	shares
CY2022Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	24925357	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	24642961	shares
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.02
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.77

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2023 Q2 Form 10-Q Financial Statement

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$AOMR Angel Oak Mortgage REIT, Inc. Stock $aomr

2023 Q2 Form 10-Q Financial Statement

#000176647823000073 Filed on May 09, 2023

Income Statement

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