2024 Q4 Form 10-Q Financial Statement

#000143774924032105 Filed on October 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $67.65M $50.11M
YoY Change 35.0% 40.71%
Cost Of Revenue $67.31M $61.58M
YoY Change 9.3% 188.28%
Gross Profit $21.59M -$78.36M
YoY Change -127.55% -1.18%
Gross Profit Margin 31.91% -156.39%
Selling, General & Admin $1.604M $1.580M
YoY Change 1.52% -69.72%
% of Gross Profit 7.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $4.269M $1.770M
YoY Change 141.19% -66.08%
Operating Profit $17.32M -$80.13M
YoY Change -121.61% -5.19%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $17.32M -$80.13M
YoY Change -121.61% -5.19%
Income Tax
% Of Pretax Income
Net Earnings $17.32M -$80.13M
YoY Change -121.61% -5.18%
Net Earnings / Revenue 25.6% -159.92%
Basic Earnings Per Share $0.24 -$1.68
Diluted Earnings Per Share $0.24 -$1.90
COMMON SHARES
Basic Shares Outstanding 78.41M 71.34M 43.90M
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $333.7M $158.6M
YoY Change 110.41% -43.55%
Cash & Equivalents $322.1M $158.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $177.0K
Other Receivables $22.87M
Total Short-Term Assets $356.8M $175.9M
YoY Change 102.82% -26.21%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.542B $4.619B
YoY Change 20.0% 42.67%
Other Assets $11.61M $119.6M
YoY Change -90.29% 79.13%
Total Long-Term Assets $5.560B $4.761B
YoY Change 16.78% 33.46%
TOTAL ASSETS
Total Short-Term Assets $356.8M $175.9M
Total Long-Term Assets $5.560B $4.761B
Total Assets $5.916B $4.937B
YoY Change 19.84% 29.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.177M $1.300M
YoY Change -9.46% 20.93%
Accrued Expenses $16.37M $15.80M
YoY Change 3.62% 257.14%
Deferred Revenue
YoY Change
Short-Term Debt $5.231B $4.427B
YoY Change 18.16% 41.26%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.258B $4.452B
YoY Change 18.09% 41.57%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.585M $17.60M
YoY Change -85.31% -93.24%
Total Long-Term Liabilities $2.585M $17.60M
YoY Change -85.31% -93.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.258B $4.452B
Total Long-Term Liabilities $2.585M $17.60M
Total Liabilities $5.260B $4.470B
YoY Change 17.68% 31.26%
SHAREHOLDERS EQUITY
Retained Earnings -$348.3M -$407.6M
YoY Change -14.54% 8.36%
Common Stock $781.0K $523.0K
YoY Change 49.33%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $656.0M $466.8M
YoY Change
Total Liabilities & Shareholders Equity $5.916B $4.937B
YoY Change 19.84% 29.72%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $17.32M -$80.13M
YoY Change -121.61% -5.18%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$14.82M $35.50M
YoY Change -141.76% -66.51%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$877.7M -$289.8M
YoY Change 202.88% -153.6%
Cash From Investing Activities -$877.7M -$289.8M
YoY Change 202.88% -153.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 969.3M 283.2M
YoY Change 242.26% -143.63%
NET CHANGE
Cash From Operating Activities -14.82M 35.50M
Cash From Investing Activities -877.7M -289.8M
Cash From Financing Activities 969.3M 283.2M
Net Change In Cash 76.71M 28.90M
YoY Change 165.42% -1294.71%
FREE CASH FLOW
Cash From Operating Activities -$14.82M $35.50M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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67301000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
817000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
223698000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
3290000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
656024000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
438763000 usd
us-gaap Net Income Loss
NetIncomeLoss
-66353000 usd
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
16000 usd
us-gaap Adjustments To Additional Paid In Capital Dividends In Excess Of Retained Earnings
AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings
62301000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1241000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
159438000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
3963000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
466841000 usd
us-gaap Net Income Loss
NetIncomeLoss
32117000 usd
us-gaap Net Income Loss
NetIncomeLoss
-66353000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
334000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
939000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
3724000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
521000 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
510000 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-0 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
73699000 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-224576000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-93902000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
111100000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
7917000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
5797000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
159000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
108000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
8433000 usd
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
6627000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
535000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
441000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
164000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
121000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
49476000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
48825000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
196026000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
97789000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
200000000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
37500000 usd
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
126851000 usd
us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
-114494000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1597460000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1151718000 usd
orc Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
30279982000 usd
orc Proceeds From Securities Sold Under Agreements To Repurchase
ProceedsFromSecuritiesSoldUnderAgreementsToRepurchase
27780008000 usd
orc Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
28754760000 usd
orc Payments For Securities Sold Under Agreements To Repurchase
PaymentsForSecuritiesSoldUnderAgreementsToRepurchase
26731506000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
64065000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
59762000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
223698000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
159438000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3443000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4287000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1681412000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1143891000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
133428000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
40998000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
200289000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
237219000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
333717000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
278217000 usd
us-gaap Interest Paid Net
InterestPaidNet
163995000 usd
us-gaap Interest Paid Net
InterestPaidNet
142965000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
322105000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
171893000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
11612000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
28396000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
333717000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
200289000 usd
CY2024Q3 orc Financial Instruments Owned Mortgages Mortgagebacked And Assetbacked Securities At Par Value
FinancialInstrumentsOwnedMortgagesMortgagebackedAndAssetbackedSecuritiesAtParValue
5487831000 usd
CY2024Q3 orc Financial Instruments Owned Mortgages Mortgagebacked And Assetbacked Securities At Cost
FinancialInstrumentsOwnedMortgagesMortgagebackedAndAssetbackedSecuritiesAtCost
5632872000 usd
CY2024Q3 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
5442804000 usd
CY2023Q4 orc Financial Instruments Owned Mortgages Mortgagebacked And Assetbacked Securities At Par Value
FinancialInstrumentsOwnedMortgagesMortgagebackedAndAssetbackedSecuritiesAtParValue
4051145000 usd
CY2023Q4 orc Financial Instruments Owned Mortgages Mortgagebacked And Assetbacked Securities At Cost
FinancialInstrumentsOwnedMortgagesMortgagebackedAndAssetbackedSecuritiesAtCost
4220088000 usd
CY2023Q4 us-gaap Financial Instruments Owned Mortgages Mortgage Backed And Asset Backed Securities At Fair Value
FinancialInstrumentsOwnedMortgagesMortgageBackedAndAssetBackedSecuritiesAtFairValue
3894012000 usd
CY2024Q3 orc Notional Balance Interest Only Securities Portfolio Amount
NotionalBalanceInterestOnlySecuritiesPortfolioAmount
88800000 usd
CY2023Q4 orc Notional Balance Interest Only Securities Portfolio Amount
NotionalBalanceInterestOnlySecuritiesPortfolioAmount
98600000 usd
CY2024Q3 orc Notional Balance Inverse Interest Only Securities Portfolio Amount
NotionalBalanceInverseInterestOnlySecuritiesPortfolioAmount
23400000 usd
CY2023Q4 orc Notional Balance Inverse Interest Only Securities Portfolio Amount
NotionalBalanceInverseInterestOnlySecuritiesPortfolioAmount
26800000 usd
orc Proceeds From Sales Of Investments
ProceedsFromSalesOfInvestments
288242000 usd
orc Proceeds From Sales Of Investments
ProceedsFromSalesOfInvestments
0 usd
orc Investment Sold At Carrying Value
InvestmentSoldAtCarryingValue
-287732000 usd
orc Investment Sold At Carrying Value
InvestmentSoldAtCarryingValue
0 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
510000 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
510000 usd
us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
0 usd
us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
0 usd
us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
0 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
510000 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
0 usd
us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: &quot;Times New Roman&quot;; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 40%;"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; margin: 0pt;"><i>($ in thousands)</i></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><i> </i></td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><i> </i></td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><i> </i></td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><i> </i></td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><i> </i></td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">OVERNIGHT</em></b></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">BETWEEN 2</em></b></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">BETWEEN 31</em></b></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">GREATER</em></b></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"><em style="font: inherit;"> </em></td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"><b> </b></td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">(1 DAY OR</em></b></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">AND</em></b></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">AND</em></b></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">THAN</em></b></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"><em style="font: inherit;"> </em></td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"><b> </b></td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">LESS)</em></b></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">30 DAYS</em></b></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">90 DAYS</em></b></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">90 DAYS</em></b></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; text-align: center; margin: 0pt;"><b><em style="font: inherit;">TOTAL</em></b></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; margin: 0pt;"><b>September 30, 2024</b></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;">Fair market value of securities pledged, including accrued interest receivable</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">4,117,723</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">1,343,315</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">5,461,038</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;">Repurchase agreement liabilities associated with these securities</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">3,938,523</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">1,292,348</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">5,230,871</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; margin: 0pt;">Net weighted average borrowing rate</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">5.23</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">5.25</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">5.24</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; margin: 0pt;"><b>December 31, 2023</b></p> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"><b> </b></td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;">Fair market value of securities pledged, including accrued interest receivable</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">3,125,315</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">710,055</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">65,106</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">3,900,476</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt; text-indent: -9pt;">Repurchase agreement liabilities associated with these securities</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">2,966,650</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">674,696</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">64,303</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;">3,705,649</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 9pt; font-variant: normal; margin: 0pt;">Net weighted average borrowing rate</p> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">5.55</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">5.54</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">5.46</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">5.55</td><td style="width: 1%; font-family: &quot;Times New Roman&quot;; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td></tr> </tbody></table>
CY2024Q3 us-gaap Assets Sold Under Agreements To Repurchase Market Value
AssetsSoldUnderAgreementsToRepurchaseMarketValue
5461038000 usd
CY2024Q3 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
5230871000 usd
CY2024Q3 us-gaap Assets Sold Under Agreements To Repurchase Interest Rate
AssetsSoldUnderAgreementsToRepurchaseInterestRate
0.0524 pure
CY2023Q4 us-gaap Assets Sold Under Agreements To Repurchase Market Value
AssetsSoldUnderAgreementsToRepurchaseMarketValue
3900476000 usd
CY2023Q4 us-gaap Assets Sold Under Agreements To Repurchase Repurchase Liability
AssetsSoldUnderAgreementsToRepurchaseRepurchaseLiability
3705649000 usd
CY2023Q4 us-gaap Assets Sold Under Agreements To Repurchase Interest Rate
AssetsSoldUnderAgreementsToRepurchaseInterestRate
0.0555 pure
CY2024Q3 us-gaap Repurchase Agreement Counterparty Amount At Risk
RepurchaseAgreementCounterpartyAmountAtRisk
221000000 usd
us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-26858000 usd
us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
194253000 usd
CY2024Q3 us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
-140825000 usd
CY2023Q3 us-gaap Gain Loss On Derivative Instruments Held For Trading Purposes Net
GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet
142042000 usd
CY2024Q3 orc Assets Pledged From Counterparties
AssetsPledgedFromCounterparties
8470000 usd
CY2023Q4 orc Assets Pledged From Counterparties
AssetsPledgedFromCounterparties
52608000 usd
CY2024Q3 us-gaap Share Price
SharePrice
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
26794480
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
223698000 usd
CY2023Q4 us-gaap Share Price
SharePrice
CY2023 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
15880039
CY2023 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
159438000 usd
CY2013 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
6.975
CY2013 us-gaap Dividends
Dividends
4662000 usd
CY2014 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
10.8
CY2014 us-gaap Dividends
Dividends
22643000 usd
CY2015 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
9.6
CY2015 us-gaap Dividends
Dividends
38748000 usd
CY2016 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
8.4
CY2016 us-gaap Dividends
Dividends
41388000 usd
CY2017 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
8.4
CY2017 us-gaap Dividends
Dividends
70717000 usd
CY2018 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
5.35
CY2018 us-gaap Dividends
Dividends
55814000 usd
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
4.8
CY2019 us-gaap Dividends
Dividends
54421000 usd
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.95
CY2020 us-gaap Dividends
Dividends
53570000 usd
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
3.9
CY2021 us-gaap Dividends
Dividends
97601000 usd
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.475
CY2022 us-gaap Dividends
Dividends
87906000 usd
CY2023 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.8
CY2023 us-gaap Dividends
Dividends
81127000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.2
us-gaap Dividends
Dividends
76738000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
67.65
us-gaap Dividends
Dividends
685335000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
32117000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-66353000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
17320000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-80132000 usd
CY2024Q3 us-gaap Shares Outstanding
SharesOutstanding
78083000
CY2023Q3 us-gaap Shares Outstanding
SharesOutstanding
52332000
CY2024Q3 us-gaap Shares Outstanding
SharesOutstanding
78083000
CY2023Q3 us-gaap Shares Outstanding
SharesOutstanding
52332000
orc Unvested Dividend Eligible Share Based Compensation Outstanding
UnvestedDividendEligibleShareBasedCompensationOutstanding
227000
orc Unvested Dividend Eligible Share Based Compensation Outstanding
UnvestedDividendEligibleShareBasedCompensationOutstanding
0
CY2024Q3 orc Unvested Dividend Eligible Share Based Compensation Outstanding
UnvestedDividendEligibleShareBasedCompensationOutstanding
227000
CY2023Q3 orc Unvested Dividend Eligible Share Based Compensation Outstanding
UnvestedDividendEligibleShareBasedCompensationOutstanding
0
orc Shares Outstanding Effect Of Weighing
SharesOutstandingEffectOfWeighing
-17609000
orc Shares Outstanding Effect Of Weighing
SharesOutstandingEffectOfWeighing
-10228000
CY2024Q3 orc Shares Outstanding Effect Of Weighing
SharesOutstandingEffectOfWeighing
-5933000
CY2023Q3 orc Shares Outstanding Effect Of Weighing
SharesOutstandingEffectOfWeighing
-4559000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60701000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42104000
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72377000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47773000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.58
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.68
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
184000
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
184000

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