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NOTE 1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES Organization and Business Description Orchid Island Capital, Inc. (“Orchid” or the “Company”) was incorporated in Maryland on August 17, 2010 for the purpose of creating and managing a leveraged investment portfolio consisting of residential mortgage-backed securities (“RMBS”). From incorporation to the completion of Orchid’s initial public offering of its common stock on February 20, 2013, Orchid was a wholly owned subsidiary of Bimini Capital Management, Inc. (“Bimini”). Orchid began operations on November 24, 2010 (the date of commencement of operations). From incorporation through November 24, 2010, Orchid’s only activity was the issuance of common stock to Bimini. On June 11, 2024, Orchid entered into an equity distribution agreement (the “June 2024 Equity Distribution Agreement”) with three sales agents pursuant to which the Company could offer and sell, from time to time, up to an aggregate amount of $250,000,000 of gross proceeds from the sales of shares of the Company’s common stock in transactions that were deemed to be “at the market” offerings and privately negotiated transactions. The Company issued a total of 30,513,253 shares under the June 2024 Equity Distribution Agreement for aggregate gross proceeds of approximately $250.0 million and net proceeds of approximately $245.8 million, after commissions and fees, prior to its termination in February 2025. On February 24, 2025, Orchid entered into an equity distribution agreement (the “February 2025 Equity Distribution Agreement”) with four sales agents pursuant to which the Company could offer and sell, from time to time, up to an aggregate amount of $350,000,000 of gross proceeds from the sales of shares of the Company’s common stock in transactions that were deemed to be “at the market” offerings and privately negotiated transactions. On July 28, 2025, the February 2025 Equity Distribution Agreement was amended to increase the aggregate amount of gross proceeds from the sales of shares that may be offered by $150,000,000 to a total of $500,000,000. The Company issued a total of 59,492,504 shares under the February 2025 Equity Distribution Agreement for aggregate gross proceeds of approximately $445.1 million and net proceeds of approximately $438.0 million, after commissions and fees, prior to its termination in October 2025. On October 27, 2025, Orchid entered into an equity distribution agreement (the “October 2025 Equity Distribution Agreement”) with four sales agents pursuant to which the Company may offer and sell, from time to time, up to an aggregate amount of $500,000,000 of gross proceeds from the sales of shares of the Company’s common stock in transactions that are deemed to be “at the market” offerings and privately negotiated transactions. From inception through June 30, 2026, the Company issued a total of 48,824,644 shares under the October 2025 Equity Distribution Agreement for aggregate gross proceeds of approximately $360.9 million, and net proceeds of approximately $355.2 million, after commissions and fees. For the six months ended June 30, 2026, the Company issued a total of 18,558,681 shares under the October 2025 Equity Distribution Agreement for aggregate gross proceeds of approximately $137.7 million, and net proceeds of approximately $135.5 million, after commissions and fees. Basis of Presentation and Use of Estimates The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair statement of results for the interim period have been included. Operating results for the six and three-month periods ended June 30, 2026 are not necessarily indicative of the results that may be expected for the year ending December 31, 2026. The balance sheet at December 31, 2025 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements. For further information, refer to the financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could significantly differ from those estimates. The significant estimates affecting the accompanying financial statements are the fair values of RMBS and derivatives. Management believes the estimates and assumptions underlying the financial statements are reasonable based on the information available as of June 30, 2026. Variable Interest Entities (“VIEs”) The Company obtains interests in VIEs through its investments in mortgage-backed securities. The Company’s interests in these VIEs are passive in nature and are not expected to result in the Company obtaining a controlling financial interest in these VIEs in the future. As a result, the Company does not consolidate these VIEs and accounts for these interests in these VIEs as mortgage-backed securities. See Note 2 for additional information regarding the Company’s investments in mortgage-backed securities. The maximum exposure to loss for these VIEs is the carrying value of the mortgage-backed securities. Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents include cash on deposit with financial institutions and highly liquid investments with original maturities of three months or less at the time of purchase. Restricted cash includes cash pledged as collateral for repurchase agreements and other borrowings, and interest rate swaps and other derivative instruments. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the statement of financial position that sum to the total of the same such amounts shown in the statement of cash flows. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 70%;"> (in thousands) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> June 30, 2026 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2025 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Cash and cash equivalents </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">682,598</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">665,865</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Restricted cash </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">131,037</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">58,696</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Total cash, cash equivalents and restricted cash </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">813,635</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">724,561</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> </tbody></table> The Company maintains cash balances at three banks, an overnight cash sweep position backed by Federal Deposit Insurance Corporation ("FDIC") insured deposit balances at participating banks, a government securities backed overnight sweep fund, and excess margin on account with three exchange clearing members. At times, balances may exceed federally insured limits. The Company has not experienced any losses related to these balances. Restricted cash balances are uninsured, but are held in separate customer accounts that are segregated from the general funds of the counterparty. The Company limits uninsured balances to only large, well-known banks and exchange clearing members and believes that it is not exposed to any significant credit risk on cash and cash equivalents or restricted cash balances. Mortgage-Backed Securities and U.S. Treasury Securities The Company invests primarily in mortgage pass-through (“PT”) residential mortgage backed securities (“RMBS”) and collateralized mortgage obligations (“CMOs”) issued by Freddie Mac, Fannie Mae or Ginnie Mae, interest-only (“IO”) securities and inverse interest-only (“IIO”) securities representing interest in or obligations backed by pools of RMBS. The Company refers to RMBS and CMOs as PT RMBS. The Company refers to IO and IIO securities as structured RMBS. The Company also invests in U.S. Treasury Notes ("T-Notes") and U.S. Treasury Bills (collectively, "U.S. Treasury securities"), primarily to satisfy collateral requirements of derivative counterparties. The Company has elected to account for its investment in RMBS under the fair value option. The Company recorded changes in fair value in net income. The Company has designated its U.S. Treasury securities as available-for-sale, and changes in fair value during the period for reasons other than expected credit losses are recognized in other comprehensive income (loss). The Company records securities transactions on the trade date. Security purchases that have not settled as of the balance sheet date are included in the portfolio balance with an offsetting liability recorded, whereas securities sold that have not settled as of the balance sheet date are removed from the portfolio balance with an offsetting receivable recorded. Fair value is defined as the price that would be received to sell the asset or paid to transfer the liability in an orderly transaction between market participants at the measurement date. The fair value measurement assumes that the transaction to sell the asset or transfer the liability either occurs in the principal market for the asset or liability, or in the absence of a principal market, occurs in the most advantageous market for the asset or liability. Estimated fair values for RMBS are based on independent pricing sources and/or third party broker quotes, when available. Estimated fair values for U.S. Treasury securities are based on quoted prices for identical assets in active markets. Income on PT RMBS is based on the stated interest rate of the security. Premiums or discounts present at the date of purchase are not amortized. Premium lost and discount accretion resulting from monthly principal repayments are reflected in unrealized gains (losses) on RMBS in the statements of comprehensive income (loss). For IO securities, the income is accrued based on the carrying value and the effective yield. The difference between income accrued and the interest received on the security is characterized as a return of investment and serves to reduce the asset’s carrying value. At each reporting date, the effective yield is adjusted prospectively for future reporting periods based on the new estimate of prepayments and the contractual terms of the security. For IIO securities, effective yield and income recognition calculations also take into account the index value applicable to the security. Income on U.S. Treasury securities is based on the stated interest rate (if any) of the security. Premiums or discounts associated with the purchase are amortized or accreted income over the life of the investment and reported in the statements of comprehensive income (loss) as interest income. Changes in fair value of investments for which the fair value option is elected are recorded in earnings and reported as unrealized gains or losses on mortgage-backed securities and U.S. Treasury securities in the accompanying statements of comprehensive income (loss). Realized gains and losses on sales of investments for which the fair value option has been elected, using the specific identification method, are reported as a separate component of net portfolio income on the statements of comprehensive income (loss). Changes in fair value of U.S. Treasury securities that are classified as available-for-sale are reported in accumulated other comprehensive income (loss) ("OCI"). Upon the sale of a security designated as available-for-sale, we determine the cost of the security and the amount of unrealized gain or loss to reclassify out of accumulated OCI into earnings based on the specific identification method. The Company evaluated securities for allowance for credit losses and since all of the Company's available-for-sale securities designated investments consist of U.S. Treasury securities, which are backed by the full faith and credit of the U.S. government, the Company does not record an allowance for credit losses. Derivative and Other Hedging Instruments The Company uses derivative and other hedging instruments to manage interest rate risk, facilitate asset/liability strategies and manage other exposures, and it may continue to do so in the future. The principal instruments that the Company has used to date are T-Note, Secured Overnight Financing Rate ("SOFR"), federal funds (“Fed Funds”) and ERIS SOFR Swap futures contracts, short positions in U.S. Treasury securities, interest rate swaps, options to enter in interest rate swaps (“interest rate swaptions”), dual digital options, interest rate caps and floors, and “to-be-announced” (“TBA”) securities transactions, but the Company may enter into other derivative and other hedging instruments in the future. The Company accounts for TBA securities as derivative instruments. Gains and losses associated with TBA securities transactions are reported in gain (loss) on derivative instruments in the accompanying statements of comprehensive income (loss). The Company enters into short-sales of U.S. Treasury securities by borrowing the securities under reverse repurchase agreements and selling them into the market. The Company accounts for these as securities borrowing transactions and recognizes an obligation to return the borrowed securities at fair value on our accompanying balance sheets based on the value of the underlying U.S. Treasury security as of the reporting date. Gains and losses associated with U.S. Treasury security short positions are recognized in gain (loss) on derivative instruments, net in our statements of comprehensive income (loss). Derivative and other hedging instruments are carried at fair value, and changes in fair value are recorded in income as gains or losses on derivative and other hedging instruments for each period. The Company’s derivative financial instruments are not designated as hedge accounting relationships, but rather are used as economic hedges of its portfolio assets and liabilities. Gains and losses on derivatives, except those that result in cash receipts or payments, are included in operating activities on the statements of cash flows. Cash payments and cash receipts from settlements of derivatives, including current period net cash settlements on interest rate swaps, are classified as an investing activity on the statements of cash flows. Holding derivatives creates exposure to credit risk related to the potential for failure on the part of counterparties and exchanges to honor their commitments. In the event of default by a counterparty, the Company may have difficulty recovering its collateral and may not receive payments provided for under the terms of the agreement. The Company’s derivative agreements require it to post or receive collateral to mitigate such risk. In addition, the Company uses only registered central clearing exchanges and well-established commercial banks as counterparties, monitors positions with individual counterparties and adjusts posted collateral as required. Financial Instruments The fair value of financial instruments for which it is practicable to estimate that value is disclosed either in the body of the financial statements or in the accompanying notes. RMBS, Fed Funds, SOFR and T-Note futures contracts, interest rate swaps, interest rate swaptions, dual digital options, interest rate floors and caps, and TBA securities are accounted for at fair value in the balance sheets. The methods and assumptions used to estimate fair value for these instruments are presented in Note 13 of the financial statements. Repurchase Agreements The Company finances the acquisition of the majority of its RMBS through the use of repurchase agreements under master repurchase agreements. Repurchase agreements are accounted for as collateralized financing transactions, which are carried at their contractual amounts, including accrued interest, as specified in the respective agreements. Reverse Repurchase Agreements and Obligations to Return Securities Borrowed under Reverse Repurchase Agreements The Company borrows securities to cover short sales of U.S. Treasury securities through reverse repurchase transactions under our master repurchase agreements. We account for these as securities borrowing transactions and recognize an obligation to return the borrowed securities at fair value on the balance sheet based on the value of the underlying borrowed securities as of the reporting date. The securities received as collateral in connection with our reverse repurchase agreements mitigate our credit risk exposure to counterparties. Our reverse repurchase agreements typically have maturities of 30 days or less. Manager Compensation The Company is externally managed by Bimini Advisors, LLC (the “Manager” or “Bimini Advisors”), a Maryland limited liability company and wholly-owned subsidiary of Bimini. The Company’s management agreement with the Manager provides for payment to the Manager of a management fee and reimbursement of certain operating expenses, which are accrued and expensed during the period for which they are earned or incurred. Refer to Note 14 for the terms of the management agreement. Earnings Per Share Basic earnings per share (“EPS”) is calculated as net income or loss attributable to common stockholders divided by the weighted average number of shares of common stock outstanding during the period. Diluted EPS is calculated using the treasury stock or two-class method, as applicable, for common stock equivalents, if any. However, the common stock equivalents are not included in computing diluted EPS if the result is anti-dilutive. Stock-Based Compensation The Company may grant equity-based compensation to non-employee members of its Board of Directors and to the executive officers and employees of the Manager. Stock-based awards issued include performance units ("PUs"), deferred stock units ("DSUs") and immediately vested common stock awards. Compensation expense is measured and recognized for all stock-based payment awards made to employees and non-employee directors based on the fair value of the Company’s common stock on the date of grant. Compensation expense is recognized over each award’s respective service period using the graded vesting attribution method. The Company does not estimate forfeiture rates; but rather, adjusts for forfeitures in the periods in which they occur. Income Taxes Orchid has elected and is organized and operated so as to qualify to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”). REITs are generally not subject to U.S. federal income tax on their REIT taxable income provided that they distribute to their stockholders all of their REIT taxable income on an annual basis. A REIT must distribute at least 90% of its REIT taxable income, determined without regard to the deductions for dividends paid and excluding net capital gain, and meet other requirements of the Code to retain its tax status. Orchid assesses the likelihood, based on their technical merit, that uncertain tax positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. All of Orchid’s tax positions are categorized as highly certain. There is no accrual for any tax, interest or penalties related to Orchid’s tax position assessment. The measurement of uncertain tax positions is adjusted when new information is available, or when an event occurs that requires a change. Recent Accounting Pronouncements In November 2024, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") No. 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses". The amendments in the ASU require disclosures about specific types of expenses included in the expense captions presented on the Statements of Income, as well as disclosures about selling expenses. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026. We are currently evaluating the impact of adoption on our financial disclosures.

250000000

30513253

250000000

245800000

350000000 150000000 500000000

59492504

445100000

438000000

500000000

48824644

360900000

355200000

18558681

137700000

135500000

Basis of Presentation and Use of Estimates The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair statement of results for the interim period have been included. Operating results for the six and three-month periods ended June 30, 2026 are not necessarily indicative of the results that may be expected for the year ending December 31, 2026. The balance sheet at December 31, 2025 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements. For further information, refer to the financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could significantly differ from those estimates. The significant estimates affecting the accompanying financial statements are the fair values of RMBS and derivatives. Management believes the estimates and assumptions underlying the financial statements are reasonable based on the information available as of June 30, 2026.

Variable Interest Entities (“VIEs”) The Company obtains interests in VIEs through its investments in mortgage-backed securities. The Company’s interests in these VIEs are passive in nature and are not expected to result in the Company obtaining a controlling financial interest in these VIEs in the future. As a result, the Company does not consolidate these VIEs and accounts for these interests in these VIEs as mortgage-backed securities. See Note 2 for additional information regarding the Company’s investments in mortgage-backed securities. The maximum exposure to loss for these VIEs is the carrying value of the mortgage-backed securities.

Cash and Cash Equivalents and Restricted Cash Cash and cash equivalents include cash on deposit with financial institutions and highly liquid investments with original maturities of three months or less at the time of purchase. Restricted cash includes cash pledged as collateral for repurchase agreements and other borrowings, and interest rate swaps and other derivative instruments. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the statement of financial position that sum to the total of the same such amounts shown in the statement of cash flows. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 70%;"> (in thousands) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> June 30, 2026 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2025 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Cash and cash equivalents </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">682,598</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">665,865</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Restricted cash </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">131,037</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">58,696</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Total cash, cash equivalents and restricted cash </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">813,635</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">724,561</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> </tbody></table> The Company maintains cash balances at three banks, an overnight cash sweep position backed by Federal Deposit Insurance Corporation ("FDIC") insured deposit balances at participating banks, a government securities backed overnight sweep fund, and excess margin on account with three exchange clearing members. At times, balances may exceed federally insured limits. The Company has not experienced any losses related to these balances. Restricted cash balances are uninsured, but are held in separate customer accounts that are segregated from the general funds of the counterparty. The Company limits uninsured balances to only large, well-known banks and exchange clearing members and believes that it is not exposed to any significant credit risk on cash and cash equivalents or restricted cash balances.

682598000

665865000

131037000

58696000

813635000

724561000

Mortgage-Backed Securities and U.S. Treasury Securities The Company invests primarily in mortgage pass-through (“PT”) residential mortgage backed securities (“RMBS”) and collateralized mortgage obligations (“CMOs”) issued by Freddie Mac, Fannie Mae or Ginnie Mae, interest-only (“IO”) securities and inverse interest-only (“IIO”) securities representing interest in or obligations backed by pools of RMBS. The Company refers to RMBS and CMOs as PT RMBS. The Company refers to IO and IIO securities as structured RMBS. The Company also invests in U.S. Treasury Notes ("T-Notes") and U.S. Treasury Bills (collectively, "U.S. Treasury securities"), primarily to satisfy collateral requirements of derivative counterparties. The Company has elected to account for its investment in RMBS under the fair value option. The Company recorded changes in fair value in net income. The Company has designated its U.S. Treasury securities as available-for-sale, and changes in fair value during the period for reasons other than expected credit losses are recognized in other comprehensive income (loss). The Company records securities transactions on the trade date. Security purchases that have not settled as of the balance sheet date are included in the portfolio balance with an offsetting liability recorded, whereas securities sold that have not settled as of the balance sheet date are removed from the portfolio balance with an offsetting receivable recorded. Fair value is defined as the price that would be received to sell the asset or paid to transfer the liability in an orderly transaction between market participants at the measurement date. The fair value measurement assumes that the transaction to sell the asset or transfer the liability either occurs in the principal market for the asset or liability, or in the absence of a principal market, occurs in the most advantageous market for the asset or liability. Estimated fair values for RMBS are based on independent pricing sources and/or third party broker quotes, when available. Estimated fair values for U.S. Treasury securities are based on quoted prices for identical assets in active markets. Income on PT RMBS is based on the stated interest rate of the security. Premiums or discounts present at the date of purchase are not amortized. Premium lost and discount accretion resulting from monthly principal repayments are reflected in unrealized gains (losses) on RMBS in the statements of comprehensive income (loss). For IO securities, the income is accrued based on the carrying value and the effective yield. The difference between income accrued and the interest received on the security is characterized as a return of investment and serves to reduce the asset’s carrying value. At each reporting date, the effective yield is adjusted prospectively for future reporting periods based on the new estimate of prepayments and the contractual terms of the security. For IIO securities, effective yield and income recognition calculations also take into account the index value applicable to the security. Income on U.S. Treasury securities is based on the stated interest rate (if any) of the security. Premiums or discounts associated with the purchase are amortized or accreted income over the life of the investment and reported in the statements of comprehensive income (loss) as interest income. Changes in fair value of investments for which the fair value option is elected are recorded in earnings and reported as unrealized gains or losses on mortgage-backed securities and U.S. Treasury securities in the accompanying statements of comprehensive income (loss). Realized gains and losses on sales of investments for which the fair value option has been elected, using the specific identification method, are reported as a separate component of net portfolio income on the statements of comprehensive income (loss). Changes in fair value of U.S. Treasury securities that are classified as available-for-sale are reported in accumulated other comprehensive income (loss) ("OCI"). Upon the sale of a security designated as available-for-sale, we determine the cost of the security and the amount of unrealized gain or loss to reclassify out of accumulated OCI into earnings based on the specific identification method. The Company evaluated securities for allowance for credit losses and since all of the Company's available-for-sale securities designated investments consist of U.S. Treasury securities, which are backed by the full faith and credit of the U.S. government, the Company does not record an allowance for credit losses.

Derivative and Other Hedging Instruments The Company uses derivative and other hedging instruments to manage interest rate risk, facilitate asset/liability strategies and manage other exposures, and it may continue to do so in the future. The principal instruments that the Company has used to date are T-Note, Secured Overnight Financing Rate ("SOFR"), federal funds (“Fed Funds”) and ERIS SOFR Swap futures contracts, short positions in U.S. Treasury securities, interest rate swaps, options to enter in interest rate swaps (“interest rate swaptions”), dual digital options, interest rate caps and floors, and “to-be-announced” (“TBA”) securities transactions, but the Company may enter into other derivative and other hedging instruments in the future. The Company accounts for TBA securities as derivative instruments. Gains and losses associated with TBA securities transactions are reported in gain (loss) on derivative instruments in the accompanying statements of comprehensive income (loss). The Company enters into short-sales of U.S. Treasury securities by borrowing the securities under reverse repurchase agreements and selling them into the market. The Company accounts for these as securities borrowing transactions and recognizes an obligation to return the borrowed securities at fair value on our accompanying balance sheets based on the value of the underlying U.S. Treasury security as of the reporting date. Gains and losses associated with U.S. Treasury security short positions are recognized in gain (loss) on derivative instruments, net in our statements of comprehensive income (loss). Derivative and other hedging instruments are carried at fair value, and changes in fair value are recorded in income as gains or losses on derivative and other hedging instruments for each period. The Company’s derivative financial instruments are not designated as hedge accounting relationships, but rather are used as economic hedges of its portfolio assets and liabilities. Gains and losses on derivatives, except those that result in cash receipts or payments, are included in operating activities on the statements of cash flows. Cash payments and cash receipts from settlements of derivatives, including current period net cash settlements on interest rate swaps, are classified as an investing activity on the statements of cash flows. Holding derivatives creates exposure to credit risk related to the potential for failure on the part of counterparties and exchanges to honor their commitments. In the event of default by a counterparty, the Company may have difficulty recovering its collateral and may not receive payments provided for under the terms of the agreement. The Company’s derivative agreements require it to post or receive collateral to mitigate such risk. In addition, the Company uses only registered central clearing exchanges and well-established commercial banks as counterparties, monitors positions with individual counterparties and adjusts posted collateral as required.

Financial Instruments The fair value of financial instruments for which it is practicable to estimate that value is disclosed either in the body of the financial statements or in the accompanying notes. RMBS, Fed Funds, SOFR and T-Note futures contracts, interest rate swaps, interest rate swaptions, dual digital options, interest rate floors and caps, and TBA securities are accounted for at fair value in the balance sheets. The methods and assumptions used to estimate fair value for these instruments are presented in Note 13 of the financial statements.

Repurchase Agreements The Company finances the acquisition of the majority of its RMBS through the use of repurchase agreements under master repurchase agreements. Repurchase agreements are accounted for as collateralized financing transactions, which are carried at their contractual amounts, including accrued interest, as specified in the respective agreements.

Reverse Repurchase Agreements and Obligations to Return Securities Borrowed under Reverse Repurchase Agreements The Company borrows securities to cover short sales of U.S. Treasury securities through reverse repurchase transactions under our master repurchase agreements. We account for these as securities borrowing transactions and recognize an obligation to return the borrowed securities at fair value on the balance sheet based on the value of the underlying borrowed securities as of the reporting date. The securities received as collateral in connection with our reverse repurchase agreements mitigate our credit risk exposure to counterparties. Our reverse repurchase agreements typically have maturities of 30 days or less. Manager Compensation The Company is externally managed by Bimini Advisors, LLC (the “Manager” or “Bimini Advisors”), a Maryland limited liability company and wholly-owned subsidiary of Bimini. The Company’s management agreement with the Manager provides for payment to the Manager of a management fee and reimbursement of certain operating expenses, which are accrued and expensed during the period for which they are earned or incurred. Refer to Note 14 for the terms of the management agreement.

Earnings Per Share Basic earnings per share (“EPS”) is calculated as net income or loss attributable to common stockholders divided by the weighted average number of shares of common stock outstanding during the period. Diluted EPS is calculated using the treasury stock or two-class method, as applicable, for common stock equivalents, if any. However, the common stock equivalents are not included in computing diluted EPS if the result is anti-dilutive.

Stock-Based Compensation The Company may grant equity-based compensation to non-employee members of its Board of Directors and to the executive officers and employees of the Manager. Stock-based awards issued include performance units ("PUs"), deferred stock units ("DSUs") and immediately vested common stock awards. Compensation expense is measured and recognized for all stock-based payment awards made to employees and non-employee directors based on the fair value of the Company’s common stock on the date of grant. Compensation expense is recognized over each award’s respective service period using the graded vesting attribution method. The Company does not estimate forfeiture rates; but rather, adjusts for forfeitures in the periods in which they occur.

Income Taxes Orchid has elected and is organized and operated so as to qualify to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”). REITs are generally not subject to U.S. federal income tax on their REIT taxable income provided that they distribute to their stockholders all of their REIT taxable income on an annual basis. A REIT must distribute at least 90% of its REIT taxable income, determined without regard to the deductions for dividends paid and excluding net capital gain, and meet other requirements of the Code to retain its tax status. Orchid assesses the likelihood, based on their technical merit, that uncertain tax positions will be sustained upon examination based on the facts, circumstances and information available at the end of each period. All of Orchid’s tax positions are categorized as highly certain. There is no accrual for any tax, interest or penalties related to Orchid’s tax position assessment. The measurement of uncertain tax positions is adjusted when new information is available, or when an event occurs that requires a change.

Recent Accounting Pronouncements In November 2024, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") No. 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses". The amendments in the ASU require disclosures about specific types of expenses included in the expense captions presented on the Statements of Income, as well as disclosures about selling expenses. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026. We are currently evaluating the impact of adoption on our financial disclosures.

NOTE 2. MORTGAGE-BACKED SECURITIES, AT FAIR VALUE The following table presents the Company’s RMBS portfolio that are remeasured at fair value through earnings as of June 30, 2026 and December 31, 2025: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 28%;"> (in thousands) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; 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: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="10" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> June 30, 2026 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="10" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2025 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Par Value </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Cost(1) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Fair Value </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Par Value </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Cost(1) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Fair Value </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Fixed-rate RMBS </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">11,396,946</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">11,602,269</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">11,528,198</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">10,345,029</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">10,558,236</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">10,615,570</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> Other(2)(3)(4) </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">14,963</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">11,966</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"></td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">16,103</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">13,088</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Total </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">11,396,946</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">11,617,232</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">11,540,164</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">10,345,029</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">10,574,339</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">10,628,658</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-size: 9pt;"><tbody><tr style="vertical-align: top; font-size: 9pt;"><td style="width: 18pt; font-size: 9pt;"> (1) </td><td style="width: auto; font-size: 9pt;">The cost information in the table above represents the aggregate current par value, multiplied by the purchase price of each security in the portfolio.</td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-size: 9pt;"><tbody><tr><td style="width: 18pt; font-size: 9pt;">(2)</td><td style="width: auto; font-size: 9pt;">Other securities are comprised of interest-only and inverse interest-only securities.</td></tr> <tr style="vertical-align: top; font-size: 9pt;"><td style="width: 18pt; font-size: 9pt;"> (3) </td><td style="width: auto; font-size: 9pt;">The notional balance for the interest-only securities portfolio was $68.5 million and $72.9 million as of June 30, 2026 and December 31, 2025, respectively.</td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-size: 9pt;"><tbody><tr style="vertical-align: top; font-size: 9pt;"><td style="width: 18pt; font-size: 9pt;"> (4) </td><td style="width: auto; font-size: 9pt;">The notional balance for the inverse interest-only securities portfolio was $14.1 million and $17.7 million as of June 30, 2026 and December 31, 2025, respectively.</td></tr> </tbody></table> The following table is a summary of the Company’s net gain (loss) from the sale of RMBS for the six months ended June 30, 2026 and 2025. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 70%;"> (in thousands) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; 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: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Six Months Ended June 30, </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2026 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2025 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Proceeds from sales of RMBS </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">356,475</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">733,904</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Carrying value of RMBS sold </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black;">(355,551</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black;">(743,192</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black;">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Net gain (loss) on sales of RMBS </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">924</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(9,288</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Gross gain on sales of RMBS </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">924</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Gross loss on sales of RMBS </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(9,288</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Net gain (loss) on sales of RMBS </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">924</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(9,288</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;">)</td></tr> </tbody></table>

11396946000 11602269000

11528198000

10345029000 10558236000

10615570000

0 14963000

11966000

16103000

13088000

11396946000 11617232000

11540164000

10345029000 10574339000

10628658000

68500000 72900000 14100000 17700000

356475000 733904000 -355551000 -743192000

924000

-9288000

924000

-0

9288000

924000

-9288000

NOTE 3. U.S. TREASURY SECURITIES, AVAILABLE-FOR-SALE The following table presents the amortized cost, gross unrealized holding gains and losses, and fair value of available-for-sale investments as of June 30, 2026 and December 31, 2025. U.S. Treasury securities are held primarily to satisfy collateral requirements of the Company's repurchase and derivative counterparties. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> (in thousands) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Gross </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Gross </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Amortized </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Unrealized </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Unrealized </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Fair </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Cost </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Gains </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Losses </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Value </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; width: 52%; padding: 0; margin: 0"> June 30, 2026 </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> U.S. Treasury Note, 4.125%, 10/31/2026 Maturity </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">20,032</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">(20</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">20,012</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> U.S. Treasury Note, 4.50%, 5/15/2027 Maturity </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">65,818</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(92</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">65,726</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> U.S. Treasury Note, 0.50%, 4/30/2027 Maturity </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">97,150</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(26</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">97,124</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">183,000</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">(138</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">182,862</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; width: 52%; padding: 0; margin: 0"> December 31, 2025 </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> U.S. Treasury Note, 4.625%, 6/30/2026 Maturity </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">100,136</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">395</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">100,531</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> U.S. Treasury Note, 0.75%, 5/31/2026 Maturity </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">34,579</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">23</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"></td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">34,602</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">134,715</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">418</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">135,133</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td></tr> </tbody></table> Because all of the Company's available-for-sale securities are backed by the full faith and credit of the U.S. government, the Company has not recorded an allowance for credit losses.

20032000

20000

20012000

65818000

92000

65726000

97150000

26000

97124000

183000000

138000

182862000

100136000

395000

-0

100531000

34579000

23000

34602000

134715000

418000

-0

135133000

NOTE 4. REPURCHASE AGREEMENTS AND REVERSE REPURCHASE AGREEMENTS Repurchase Agreements The Company pledges certain of its RMBS as collateral under repurchase agreements with financial institutions. Interest rates are generally fixed based on prevailing rates corresponding to the terms of the borrowings, and interest is generally paid at the termination of a borrowing. If the fair value of the pledged securities declines, lenders will typically require the Company to post additional collateral or pay down borrowings to re-establish agreed upon collateral requirements, referred to as "margin calls." Similarly, if the fair value of the pledged securities increases, lenders may release collateral back to the Company. As of June 30, 2026, the Company had met all margin call requirements. As of June 30, 2026 and December 31, 2025, the Company’s repurchase agreements had remaining maturities as summarized below: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 40%;"> ($ in thousands) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> OVERNIGHT </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> BETWEEN 2 </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> BETWEEN 31 </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> GREATER </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> (1 DAY OR </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> AND </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> AND </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> THAN </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> LESS) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 30 DAYS </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 90 DAYS </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 90 DAYS </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> TOTAL </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> June 30, 2026 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Fair value of securities pledged, including accrued interest receivable </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">7,522,852</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3,876,650</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">99,663</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">11,499,165</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Repurchase agreement liabilities associated with these securities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">7,254,945</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3,750,480</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">81,490</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">11,086,915</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Net weighted average borrowing rate </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">3.77</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">3.78</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">3.80</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">3.77</td><td style="width: 1%; font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2025 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Fair value of securities pledged, including accrued interest receivable </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">6,821,306</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3,445,678</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">284,296</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">10,551,280</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Repurchase agreement liabilities associated with these securities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">6,544,072</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3,297,567</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">273,827</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">10,115,466</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Net weighted average borrowing rate </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">4.00</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">3.96</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">3.92</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">3.98</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td></tr> </tbody></table> In addition, cash pledged to counterparties for repurchase agreements was approximately $111.5 million and $51.2 million as of June 30, 2026 and December 31, 2025, respectively. If, during the term of a repurchase agreement, a lender files for bankruptcy, the Company might experience difficulty recovering its pledged assets, which could result in an unsecured claim against the lender for the difference between the amount loaned to the Company plus interest due to the counterparty and the fair value of the collateral pledged to such lender, including the accrued interest receivable and cash posted by the Company as collateral. At June 30, 2026, the Company had an aggregate amount at risk (the difference between the amount loaned to the Company, including interest payable and securities posted by the counterparty (if any), and the fair value of securities and cash pledged (if any), including accrued interest on such securities) with all counterparties of approximately $472.2 million. The Company did not have an amount at risk with any individual counterparty that was greater than 10% of the Company’s equity at June 30, 2026 or December 31, 2025. Reverse Repurchase Agreements As of June 30, 2026 and December 31, 2025, the Company had $495.8 million and $128.6 million of reverse repurchase agreements outstanding, respectively, for which we had associated obligations to return borrowed securities at fair value of $496.0 million and $128.7 million.

7522852000

3876650000

99663000

11499165000

7254945000

3750480000

81490000

11086915000

0.0377

0.0378

0.038

0.0377

6821306000

3445678000

284296000

10551280000

6544072000

3297567000

273827000

10115466000

0.04

0.0396

0.0392

0.0398

111500000

51200000

472200000

495800000

128600000

496000000 128700000

NOTE 5. DERIVATIVE AND OTHER HEDGING INSTRUMENTS The table below summarizes fair value information about the Company’s derivative and other hedging instruments assets and liabilities as of June 30, 2026 and December 31, 2025. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 43.7%;"> (in thousands) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Derivative and Other Hedging Instruments </td><td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 26.3%;"> Balance Sheet Location </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> June 30, 2026 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2025 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Assets </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Interest rate swaps </td><td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Derivative assets, at fair value </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">11,520</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">8,238</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> Payer swaptions </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> Derivative assets, at fair value </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3,542</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> TBA securities </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> Derivative assets, at fair value </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">1,015</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td colspan="2" style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Total derivative assets, at fair value </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">15,062</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">9,253</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Liabilities </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> TBA securities </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> Derivative liabilities, at fair value </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">4,723</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">1,846</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td colspan="2" style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Total derivative liabilities, at fair value </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">4,723</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">1,846</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td><td style="font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Margin Balances Posted to (from) Counterparties </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Futures contracts </td><td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Restricted cash </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">4,140</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">5,131</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> Interest rate swaps </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> Restricted cash </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">9,479</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> TBA securities (including margin paid on unsettled trades) </td><td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Restricted cash </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">5,949</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">2,394</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> TBA securities (including margin received on unsettled trades) </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> Other liabilities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">(2,020</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">(360</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> Swaption margin </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> Other liabilities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(1,120</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td colspan="2" style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Total margin balances on derivative contracts </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">16,428</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">7,165</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> </tbody></table> T-Note and SOFR futures are cash and securities settled futures contracts on their respective underlying or delivery eligible underlying U.S. Treasury security, with gains and losses credited or charged to the Company’s cash accounts on a daily basis. A minimum balance, or “margin,” is required to be maintained in the account on a daily basis. The tables below present information related to the Company’s T-Note and SOFR futures positions at June 30, 2026 and December 31, 2025. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> ($ in thousands) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="14" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> June 30, 2026 </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Weighted </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Weighted </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Contract </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Notional </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Entry </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Effective </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Open </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Expiration Year </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Rate </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Rate </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Equity(1) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> U.S. Treasury Note Futures Contracts (Short Positions)(2) </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> September 2026 10-year T-Note futures (Sep 2026 - Sep 2036 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">188,600</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">4.46</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">4.31</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(1,773</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> September 2026 10-year Ultra futures (Sep 2026 - Sep 2036 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">60,000</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">4.62</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">4.43</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(954</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> SOFR Futures Contracts (Short Positions) </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> September 2026 3-Month SOFR futures (Jun 2026 - Sep 2026 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.38</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.70</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">316</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> December 2026 3-Month SOFR futures (Sep 2026 - Dec 2026 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.27</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.92</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">630</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> March 2027 3-Month SOFR futures (Dec 2026 - Mar 2027 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">3.22</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">4.04</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">802</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> June 2027 3-Month SOFR futures (Mar 2027 - Jun 2027 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">3.21</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">4.08</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">851</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> ERIS SOFR Swap Futures Contracts (Short Positions)(3) </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> September 2026 5-Year Term, 3.75% fixed rate, (Sep 2026 - Sep 2031 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">10,000</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">4.01</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">3.91</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(38</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> ($ in thousands) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="14" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2025 </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Weighted </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Weighted </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Contract </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Notional </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Entry </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Effective </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Open </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Expiration Year </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Rate </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Rate </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Equity(1) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> U.S. Treasury Note Futures Contracts (Short Positions)(2) </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> March 2026 5-year T-Note futures (Mar 2026 - Mar 2031 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">122,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.65</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.65</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">10</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> March 2026 10-year T-Note futures (Mar 2026 - Mar 2036 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">90,000</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.79</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.91</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">739</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> March 2026 10-year Ultra futures (Mar 2026 - Mar 2036 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">60,000</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">4.03</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">4.14</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">575</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> SOFR Futures Contracts (Short Positions) </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> March 2026 3-Month SOFR futures (Dec 2025 - Mar 2026 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.73</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.69</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(44</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> June 2026 3-Month SOFR futures (Mar 2026 - Jun 2026 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.55</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.52</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(33</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> September 2026 3-Month SOFR futures (Jun 2026 - Sep 2026 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.38</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.31</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(66</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> December 2026 3-Month SOFR futures (Sep 2026 - Dec 2026 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.27</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.16</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(111</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> March 2027 3-Month SOFR futures (Dec 2026 - Mar 2027 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.22</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.11</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(105</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> June 2027 3-Month SOFR futures (Mar 2027 - Jun 2027 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.21</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.11</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(90</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> ERIS SOFR Swap Futures Contracts (Short Positions)(3) </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> March 2026 5-Year Term, 3.75% fixed rate (Mar 2026 - Mar 2031 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">10,000</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">3.48</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">3.45</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(13</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-size: 9pt;"><tbody><tr style="vertical-align: top; font-size: 9pt;"><td style="width: 18pt; font-size: 9pt;"> (1) </td><td style="width: auto; font-size: 9pt;"> Open equity represents the cumulative gains (losses) recorded on open futures positions from inception. </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-size: 9pt;"><tbody><tr style="vertical-align: top; font-size: 9pt;"><td style="width: 18pt; font-size: 9pt;"> (2) </td><td style="width: auto; font-size: 9pt;"> 5-Year T-Note futures contracts were valued at a price $109.30 of at December 31, 2025. The contract values of the short positions were $133.9 million at December 31, 2025. 10-Year T-Note futures contracts were valued at a price of $109.89 at June 30, 2026 and $112.44 at December 31, 2025. The contract values of the short positions were $207.3 million and $101.2 million at June 30, 2026 and December 31, 2025, respectively. 10-Year Ultra futures contracts were valued at a price of $112.47 at June 30, 2026 and $115.02 at December 31, 2025. The contract values of the short positions were $67.5 million and $69.0 million at June 30, 2026 and December 31, 2025, respectively. </td></tr> <tr><td style="width: 18pt; font-size: 9pt;"> (3) </td><td style="width: auto; font-size: 9pt;"> ERIS swap futures are exchange traded futures that replicate the cash flows of an underlying swap position. </td></tr> </tbody></table> Under its interest rate swap agreements, the Company typically pays a fixed rate and receives a floating rate ("payer swaps") based on an index, such as SOFR. The floating rate the Company receives under its swap agreements has the effect of offsetting the repricing characteristics of its repurchase agreements and cash flows on such liabilities. The Company is typically required to post margin on its interest rate swap agreements. The table below presents information related to the Company’s interest rate swap positions at June 30, 2026 and December 31, 2025. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> ($ in thousands) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Fixed </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Notional </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Pay </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Receive </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Maturity </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Rate </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Rate </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> (Years) </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> June 30, 2026 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Expiration > 1 to ≤ 5 years </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">5,292,800</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.46</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.68</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.0</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Expiration > 5 years </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">2,521,400</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">3.92</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">3.68</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">8.0</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">7,814,200</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">3.61</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">3.68</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">4.6</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> December 31, 2025 </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Expiration > 1 to ≤ 5 years </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">4,162,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.38</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.87</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.2</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Expiration > 5 years </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">1,695,800</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">3.87</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">3.87</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">7.1</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double black;">5,858,300</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double black;">3.53</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double black;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double black;">3.87</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double black;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double black;">4.3</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double black;"> </td></tr> </tbody></table> Our interest rate swaps are centrally cleared through two registered commodities exchanges, the Chicago Mercantile Exchange ("CME") and the London Clearing House (“LCH”). The clearing exchanges require that we post an "initial margin" amount determined by the exchanges. Initial margin is intended to be set at a level sufficient to protect the exchange against potential losses that could arise during the period required to close out or hedge the interest rate swap positions following a participant default. The amount is determined using risk-based models that consider potential market movements over a multi-day liquidation period and is subject to adjustment based on changes in market volatility, portfolio composition, liquidity, concentration and other factors. We also exchange daily settlements of "variation margin" based upon changes in fair value, as measured by the exchanges. Pursuant to rules governing central clearing activities, we recognize variation margin settlements as a direct reduction of the carrying value of the interest rate swap asset or liability. The table below presents information related to the Company’s payer swaption positions as of June 30, 2026. The Company did not have any open swaption positions as of December 31, 2025. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 20.4%;"> ($ in thousands) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; 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: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="10" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Option </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="11" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Underlying Swap </td><td style="font-family: "Times New Roman", Times, serif; 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: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Weighted </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Weighted </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 7.6%;"> Adjustable </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Fair </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Months to </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Notional </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Fixed </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Rate </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Term </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Cost </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Value </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Expiration </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Rate </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Index </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> (Years) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> June 30, 2026 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Payer Swaption (long position) </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">7,124</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">5,633</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; text-align: center;">5.0</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">1,000,000</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">4.11</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">%</td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> SOFR </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; text-align: center;">5.0</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> Payer Swaption (short position) </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black;">(3,024</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black;">(2,091</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 9%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black; text-align: center;">5.0</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black;">1,000,000</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black;">4.51</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black;">%</td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black;"> SOFR </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="width: 9%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black; text-align: center;">5.0</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> Total </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">4,100</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">3,542</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">2,000,000</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td></tr> </tbody></table> We purchase interest rate swaptions to help mitigate the potential impact of larger, more rapid changes in interest rates on the performance of our investment portfolio. Interest rate swaptions provide us the option to enter into an interest rate swap agreement for a predetermined notional amount, stated term and pay and receive interest rates in the future. Our interest rate swaption agreements are not subject to central clearing. The difference between the premium paid and the fair value of the swaption is reported in gain (loss) on derivative and other hedging instruments in our statements of comprehensive income (loss). If a swaption expires unexercised, the realized loss on the swaption would be equal to the premium paid. If we sell or exercise a swaption, the realized gain or loss on the swaption would be equal to the difference between the cash or the fair value of the underlying interest rate swap and the premium paid. The following table summarizes the Company’s contracts to purchase and sell TBA securities as of June 30, 2026 and December 31, 2025. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;"><tbody><tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 48%;"> ($ in thousands) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 48%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 1%;"> Notional </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 48%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 1%;"> Amount </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 1%;"> Net </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 48%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 1%;"> Long </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 1%;"> Cost </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 1%;"> Market </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 1%;"> Carrying </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 48%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> (Short)(1) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> Basis(2) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> Value(3) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> Value(4) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 48%; padding: 0px; margin: 0px; border-bottom: 1px solid black;">June 30, 2026</td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 48%;"> 30-Year TBA securities: </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">5.0%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">(145,000</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">(141,270</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">(142,689</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">(1,419</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">5.5%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(449,900</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(448,564</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(451,868</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(3,304</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 48%; padding: 0; margin: 0"> Total </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(594,900</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(589,834</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(594,557</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(4,723</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 48%;"> December 31, 2025 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 48%; padding: 0; margin: 0">15-Year TBA securities:</td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">4.5%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">250,000</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">249,998</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">250,186</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">188</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 48%; padding: 0; margin: 0">30-Year TBA securities:</td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">3.0%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">(343</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">343</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">3.5%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">34</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(34</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding-left: 0pt;">4.0%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(215</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">215</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">5.0%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">218</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(218</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding-left: 0pt;">5.5%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(275,000</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(277,696</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(278,996</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(1,300</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">6.5%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(155,000</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(161,103</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(161,127</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(24</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0); width: 48%;"> Total </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(180,000</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(189,107</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(189,937</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(830</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-size: 9pt;"><tbody><tr style="vertical-align: top; font-size: 9pt;"><td style="width: 18pt; font-size: 9pt;"> (1) </td><td style="width: auto; font-size: 9pt;"> Notional amount represents the par value (or principal balance) of the underlying Agency RMBS. </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-size: 9pt;"><tbody><tr style="vertical-align: top; font-size: 9pt;"><td style="width: 18pt; font-size: 9pt;"> (2) </td><td style="width: auto; font-size: 9pt;"> Cost basis represents the forward price to be paid (received) for the underlying Agency RMBS. </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-size: 9pt;"><tbody><tr style="vertical-align: top; font-size: 9pt;"><td style="width: 18pt; font-size: 9pt;"> (3) </td><td style="width: auto; font-size: 9pt;"> Market value represents the current market value of the TBA securities (or of the underlying Agency RMBS) as of period-end. </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-size: 9pt;"><tbody><tr style="vertical-align: top; font-size: 9pt;"><td style="width: 18pt; font-size: 9pt;"> (4) </td><td style="width: auto; font-size: 9pt;"> Net carrying value represents the difference between the market value and the cost basis of the TBA securities as of period-end and is reported in derivative assets (liabilities) at fair value in the balance sheets. </td></tr> </tbody></table> Gain (Loss) From Derivative and Other Hedging Instruments, Net The table below presents the effect of the Company’s derivative and other hedging instruments on the statements of comprehensive income (loss) for the six and three months ended June 30, 2026 and 2025. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse: collapse; width: 100%; font-size: 9pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;"><tbody><tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> (in thousands) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Six Months Ended June 30, </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Three Months Ended June 30, </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2026 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2025 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2026 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2025 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Interest rate futures contracts (short position) </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">8,659</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(23,630</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">4,222</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(8,688</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Interest rate swaps </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">104,355</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(100,251</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">63,353</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(37,408</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> Payer swaptions (short positions) </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">932</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">932</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> Payer swaptions (long positions) </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(1,490</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(1,490</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> TBA securities (short positions) </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(3,033</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(4,636</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(3,228</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(7,662</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> TBA securities (long positions) </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">930</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">572</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(347</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">472</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> U.S. Treasury securities (short positions) </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(1,645</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(1,042</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Total </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">108,708</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(127,945</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">62,400</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(53,286</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td></tr> </tbody></table> Credit Risk-Related Contingent Features The use of derivatives and other hedging instruments creates exposure to credit risk relating to potential losses that could be recognized in the event that the counterparties to these instruments fail to perform their obligations under the contracts. The Company attempts to minimize this risk by limiting its counterparties for instruments which are not centrally cleared on a registered exchange to major financial institutions with acceptable credit ratings and monitoring positions with individual counterparties. In addition, the Company may be required to pledge assets as collateral for its derivatives, whose amounts vary over time based on the market value, notional amount and remaining term of the derivative contract. In the event of a default by a counterparty, the Company may not receive payments provided for under the terms of its derivative agreements and may have difficulty obtaining its assets pledged as collateral for its derivatives. The cash and cash equivalents pledged as collateral for the Company's derivative instruments are included in restricted cash on its balance sheets. It is the Company's policy not to offset assets and liabilities associated with open derivative contracts. However, CME and LCH rules characterize variation margin transfers as settlement payments, as opposed to adjustments to collateral. As a result, derivative assets and liabilities associated with centrally cleared derivatives for which the CME or LCH serves as the central clearing party are presented as if these derivatives had been settled as of the reporting date.

11520000

8238000

3542000

1015000

15062000

9253000

4723000

1846000

4723000

1846000

4140000

5131000

9479000

5949000

2394000

2020000

360000

1120

-0

16428000 7165000

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> ($ in thousands) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="14" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> June 30, 2026 </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Weighted </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Weighted </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Contract </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Notional </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Entry </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Effective </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Open </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Expiration Year </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Rate </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Rate </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Equity(1) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> U.S. Treasury Note Futures Contracts (Short Positions)(2) </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> September 2026 10-year T-Note futures (Sep 2026 - Sep 2036 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">188,600</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">4.46</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">4.31</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(1,773</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> September 2026 10-year Ultra futures (Sep 2026 - Sep 2036 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">60,000</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">4.62</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">4.43</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(954</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> SOFR Futures Contracts (Short Positions) </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> September 2026 3-Month SOFR futures (Jun 2026 - Sep 2026 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.38</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.70</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">316</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> December 2026 3-Month SOFR futures (Sep 2026 - Dec 2026 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.27</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.92</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">630</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> March 2027 3-Month SOFR futures (Dec 2026 - Mar 2027 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">3.22</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">4.04</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">802</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> June 2027 3-Month SOFR futures (Mar 2027 - Jun 2027 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">3.21</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">4.08</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">851</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> ERIS SOFR Swap Futures Contracts (Short Positions)(3) </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> September 2026 5-Year Term, 3.75% fixed rate, (Sep 2026 - Sep 2031 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">10,000</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">4.01</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">3.91</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(38</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> ($ in thousands) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="14" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2025 </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Weighted </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Weighted </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Contract </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Notional </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Entry </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Effective </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Open </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Expiration Year </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Rate </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Rate </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Equity(1) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> U.S. Treasury Note Futures Contracts (Short Positions)(2) </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> March 2026 5-year T-Note futures (Mar 2026 - Mar 2031 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">122,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.65</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.65</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">10</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> March 2026 10-year T-Note futures (Mar 2026 - Mar 2036 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">90,000</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.79</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.91</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">739</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> March 2026 10-year Ultra futures (Mar 2026 - Mar 2036 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">60,000</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">4.03</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">4.14</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">575</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> SOFR Futures Contracts (Short Positions) </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> March 2026 3-Month SOFR futures (Dec 2025 - Mar 2026 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.73</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.69</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(44</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> June 2026 3-Month SOFR futures (Mar 2026 - Jun 2026 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.55</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.52</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(33</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> September 2026 3-Month SOFR futures (Jun 2026 - Sep 2026 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.38</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.31</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(66</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> December 2026 3-Month SOFR futures (Sep 2026 - Dec 2026 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.27</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.16</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(111</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> March 2027 3-Month SOFR futures (Dec 2026 - Mar 2027 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.22</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.11</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(105</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> June 2027 3-Month SOFR futures (Mar 2027 - Jun 2027 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">97,500</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.21</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3.11</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(90</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> ERIS SOFR Swap Futures Contracts (Short Positions)(3) </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> March 2026 5-Year Term, 3.75% fixed rate (Mar 2026 - Mar 2031 Hedge Period) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">10,000</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">3.48</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">3.45</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">%</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(13</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td></tr> </tbody></table>

188600000

0.0446

0.0431

-1773000

60000000

0.0462

0.0443

-954000

97500000

0.0338

0.037

316000

97500000

0.0327

0.0392

630000

97500000

0.0322

0.0404

802000

97500000

0.0321

0.0408

851000

10000000

0.0401

0.0391

-38000

122500000

0.0365

10000

90000000

0.0379

0.0391

739000

60000000

0.0403

0.0414

575000

97500000

0.0373

0.0369

-44000

97500000

0.0355

0.0352

-33000

97500000

0.0338

0.0331

-66000

97500000

0.0327

0.0316

-111000

97500000

0.0322

0.0311

-105000

97500000

0.0321

0.0311

-90000

10000000

0.0348

0.0345

-13000

109300000

133900000

109890000

112440000

207300000

101200000

112470000

115020000.00

67500000

69000000

5292800000

0.0346

0.0368

P3Y

2521400000

0.0392

0.0368

P8Y

7814200000

0.0361

0.0368

P4Y7M6D

4162500000

0.0338

0.0387

P3Y2M12D

1695800000

0.0387

P7Y1M6D

5858300000

0.0353

0.0387

P4Y3M18D

5633000

P5Y

1000000000

0.0411

P5Y

3024000

2091000

P5Y

1000000000

0.0451

P5Y

4100000

3542000

2000000000

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;"><tbody><tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 48%;"> ($ in thousands) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 48%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 1%;"> Notional </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 48%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 1%;"> Amount </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 1%;"> Net </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 48%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 1%;"> Long </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 1%;"> Cost </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 1%;"> Market </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 1%;"> Carrying </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 48%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> (Short)(1) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> Basis(2) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> Value(3) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> Value(4) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 48%; padding: 0px; margin: 0px; border-bottom: 1px solid black;">June 30, 2026</td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; width: 48%;"> 30-Year TBA securities: </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">5.0%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">(145,000</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">(141,270</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">(142,689</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">(1,419</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">5.5%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(449,900</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(448,564</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(451,868</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(3,304</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 48%; padding: 0; margin: 0"> Total </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(594,900</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(589,834</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(594,557</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(4,723</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 48%;"> December 31, 2025 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 10%;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 48%; padding: 0; margin: 0">15-Year TBA securities:</td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">4.5%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">250,000</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">249,998</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">250,186</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">188</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 48%; padding: 0; margin: 0">30-Year TBA securities:</td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 10%; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 1%; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">3.0%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">(343</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;">343</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">3.5%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">34</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(34</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding-left: 0pt;">4.0%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(215</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">215</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">5.0%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">218</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(218</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding-left: 0pt;">5.5%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(275,000</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(277,696</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(278,996</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(1,300</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="width: 48%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">6.5%</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(155,000</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(161,103</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(161,127</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(24</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td colspan="1" style="font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0); width: 48%;"> Total </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(180,000</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(189,107</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(189,937</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(830</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td></tr> </tbody></table> 145000000 -141270000 -142689000

1419000

449900000 -448564000 -451868000

3304000

594900000 -589834000 -594557000

4723000

250000000 249998000 250186000

-188000

-343000 0

-343000

34000 0

34000

-215000 0

-215000

218000 0

218000

275000000 -277696000 -278996000

1300000

155000000 -161103000 -161127000

24000

180000000

-189107000 -189937000

830000

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse: collapse; width: 100%; font-size: 9pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;"><tbody><tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> (in thousands) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Six Months Ended June 30, </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Three Months Ended June 30, </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2026 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2025 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2026 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2025 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Interest rate futures contracts (short position) </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">8,659</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(23,630</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">4,222</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(8,688</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Interest rate swaps </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">104,355</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(100,251</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">63,353</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(37,408</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> Payer swaptions (short positions) </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">932</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">932</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> Payer swaptions (long positions) </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(1,490</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">(1,490</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> TBA securities (short positions) </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(3,033</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(4,636</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(3,228</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(7,662</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> TBA securities (long positions) </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">930</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">572</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(347</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">472</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> U.S. Treasury securities (short positions) </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(1,645</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(1,042</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Total </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">108,708</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(127,945</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">62,400</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(53,286</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td></tr> </tbody></table>

8659000

-23630000

4222000

-8688000

104355000

-100251000

63353000

-37408000

932000

-1490000

-3033000

-4636000

-3228000

-7662000

930000

572000

-347000

472000

-1645000

-1042000

108708000

-127945000

62400000

-53286000

NOTE 6. PLEDGED ASSETS Assets Pledged to Counterparties The table below summarizes the Company’s assets pledged as collateral under repurchase agreements and derivative agreements by type, including securities pledged related to securities sold but not yet settled, as of June 30, 2026 and December 31, 2025. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 28%;"> (in thousands) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="10" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> June 30, 2026 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="10" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2025 </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Repurchase </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Derivative </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Repurchase </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Derivative </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Assets Pledged to Counterparties </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Agreements </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Agreements </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Total </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Agreements </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Agreements </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Total </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> PT RMBS - fair value </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">11,434,805</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">11,434,805</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">10,489,655</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">10,489,655</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Structured RMBS - fair value </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">11,966</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">11,966</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">13,088</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">13,088</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> U.S. Treasury securities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">182,862</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">182,862</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">135,133</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">135,133</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Accrued interest on pledged securities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">52,394</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">600</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">52,994</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">48,537</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">36</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">48,573</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Restricted cash </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">111,469</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">19,568</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">131,037</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">51,171</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">7,525</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">58,696</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Total </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">11,610,634</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">203,030</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">11,813,664</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">10,602,451</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">142,694</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">10,745,145</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> </tbody></table> Assets Pledged from Counterparties The table below summarizes assets pledged to the Company from counterparties under repurchase agreements and derivative agreements as of June 30, 2026 and December 31, 2025. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;"><tbody><tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 52%; border-bottom: 1px solid rgb(0, 0, 0);"> (in thousands) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Reverse </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Repurchase </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Repurchase </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Derivative </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding-bottom: 1px;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Agreements </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding-bottom: 1px;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Agreements </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding-bottom: 1px;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Agreements </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding-bottom: 1px;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Total </td><td style="font-family: "Times New Roman", Times, serif; 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: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> June 30, 2026 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Cash </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">9,363</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">3,140</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">12,503</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> U.S. Treasury securities - fair value </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">2,345</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">496,036</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">498,381</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; 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: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> Total </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">11,708</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">496,036</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">3,140</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">510,884</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2025 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; 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: "Times New Roman", Times, serif; font-size: 9pt;"> Cash </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">12,549</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">360</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">12,909</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> U.S. Treasury securities - fair value </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">128,724</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">128,724</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; 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: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Total </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">12,549</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">128,724</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">360</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">141,633</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td></tr> </tbody></table> U.S. Treasury securities received as margin under the Company's repurchase agreements are not recorded in the balance sheets because the counterparty retains ownership of the security. Cash received as margin is recognized in cash and cash equivalents with a corresponding amount recognized as an increase in repurchase agreements or other liabilities in the balance sheets.

11434805000

10489655000

11966000

13088000

182862000

135133000

52394000

600000

52994000

48537000

36000

48573000

111469000

19568000

131037000

51171000

7525000

58696000

11610634000 203030000 11813664000 10602451000 142694000 10745145000 <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;"><tbody><tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; width: 52%; border-bottom: 1px solid rgb(0, 0, 0);"> (in thousands) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Reverse </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Repurchase </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Repurchase </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Derivative </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding-bottom: 1px;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Agreements </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding-bottom: 1px;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Agreements </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding-bottom: 1px;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Agreements </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding-bottom: 1px;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Total </td><td style="font-family: "Times New Roman", Times, serif; 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: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> June 30, 2026 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Cash </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">9,363</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">3,140</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">12,503</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> U.S. Treasury securities - fair value </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">2,345</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">496,036</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">498,381</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; 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: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> Total </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">11,708</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">496,036</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">3,140</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">510,884</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2025 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; 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: "Times New Roman", Times, serif; font-size: 9pt;"> Cash </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">12,549</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">360</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">12,909</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> U.S. Treasury securities - fair value </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">128,724</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">128,724</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; 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: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Total </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">12,549</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">128,724</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">360</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">141,633</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td></tr> </tbody></table> 9363000 0 3140000 12503000 2345000 496036000 0 498381000 11708000 496036000 3140000 510884000 12549000 0 360000 12909000 0 128724000 0 128724000 12549000 128724000 360000 141633000 NOTE 7. OFFSETTING ASSETS AND LIABILITIES The Company’s derivative agreements and repurchase agreements are subject to underlying agreements with master netting or similar arrangements, which provide for the right of offset in the event of default or in the event of bankruptcy of either party to the transactions. The Company reports its assets and liabilities subject to these arrangements on a gross basis in the case of repurchase agreements and for certain derivative agreements. CME and LCH rules characterize variation margin transfers as settlement payments, as opposed to adjustments to collateral. As a result, derivative assets and liabilities associated with centrally cleared derivatives for which the CME or LCH serves as the central clearing party are presented as if these derivatives had been settled as of the reporting date. The following table presents information regarding those assets and liabilities subject to such arrangements as if the Company had presented them on a net basis as of June 30, 2026 and December 31, 2025. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 28%;"> (in thousands) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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 colspan="24" style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Offsetting of Assets </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Net Amount </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Gross Amount Not </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Gross</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Gross</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">of Assets</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="6" rowspan="1" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">Offset in the Balance Sheet</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Amount</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Amount</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Presented</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Financial</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> of </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Offset in the </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> in the </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Instruments </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Cash </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Recognized </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Balance </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Balance </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Received as </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Received as </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Net </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Assets </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Sheet </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Sheet </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Collateral </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Collateral </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> June 30, 2026 </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> Interest rate swaps </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">13,041</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(1,521</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">11,520</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(11,520</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> Payer swaptions </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">3,542</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">3,542</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">(1,120</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">2,422</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> Reverse repurchase agreements </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">495,828</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">495,828</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(495,828</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">512,411</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">(1,521</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">510,890</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">(495,828</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">(12,640</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">2,422</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2025 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> Interest rate swaps </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">8,237</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">8,237</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">8,237</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> TBA securities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">1,015</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">1,015</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">(360</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">655</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> Reverse repurchase agreement </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">128,613</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">128,613</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(128,613</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">137,865</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">137,865</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(128,613</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(360</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">8,892</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 28%;"> (in thousands) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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 colspan="24" style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Offsetting of Liabilities </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Net Amount </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Gross Amount Not </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Gross</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Gross</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">of Liabilities</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="6" rowspan="1" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">Offset in the Balance Sheet</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Amount </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Amount </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Presented </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Financial </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">of</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Offset in the</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">in the</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Instruments</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Recognized </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Balance </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Balance </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Posted as </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Cash Posted </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Net </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Liabilities </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Sheet </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Sheet </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Collateral </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> as Collateral </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> June 30, 2026 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Repurchase Agreements </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">11,086,915</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">11,086,915</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">(10,975,446</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">(111,469</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> Interest rate swaps </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">1,521</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(1,521</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> TBA securities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">4,723</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">4,723</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(3,929</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">794</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">11,093,159</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">(1,521</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">11,091,638</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">(10,975,446</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">(115,398</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">794</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> December 31, 2025 </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Repurchase Agreements </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">10,115,466</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">10,115,466</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">(10,064,295</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">(51,171</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> TBA securities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">1,846</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">1,846</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(1,846</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">10,117,312</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">10,117,312</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(10,064,295</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(53,017</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> </tbody></table> The amounts disclosed for collateral received by or posted to the same counterparty up to and not exceeding the net amount of the asset or liability presented in the balance sheets. The fair value of the actual collateral received by or posted to the same counterparty typically exceeds the amounts presented. See Note 6 for a discussion of collateral posted or received against or for repurchase obligations and derivative and other hedging instruments.

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 28%;"> (in thousands) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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 colspan="24" style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Offsetting of Assets </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Net Amount </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Gross Amount Not </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Gross</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Gross</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">of Assets</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="6" rowspan="1" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">Offset in the Balance Sheet</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Amount</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Amount</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Presented</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">Financial</td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> of </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Offset in the </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> in the </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Instruments </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Cash </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Recognized </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Balance </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Balance </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Received as </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Received as </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Net </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Assets </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Sheet </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Sheet </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Collateral </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Collateral </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Amount </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> June 30, 2026 </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> Interest rate swaps </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">13,041</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(1,521</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">11,520</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(11,520</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> Payer swaptions </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">3,542</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">3,542</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">(1,120</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">2,422</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> Reverse repurchase agreements </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">495,828</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">495,828</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(495,828</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">512,411</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">(1,521</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">510,890</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">(495,828</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">(12,640</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">2,422</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2025 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> Interest rate swaps </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">8,237</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">8,237</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">8,237</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> TBA securities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">1,015</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">1,015</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">(360</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">655</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> Reverse repurchase agreement </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">128,613</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">128,613</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(128,613</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">137,865</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">137,865</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(128,613</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(360</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">8,892</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> </tbody></table>

13041000 -1521000 11520000 -0 11520000 0 3542000 0 3542000 -0 1120000 2422000 495828000 0 495828000 495828000 -0 0 512411000 -1521000 510890000 495828000 12640000 2422000 8237000 0 8237000 -0 -0 8237000 1015000 0 1015000 -0 360000 655000 128613000 0 128613000 128613000 -0 0 137865000 0 137865000 128613000 360000 8892000

11086915000 0 11086915000 10975446000 111469000 0 1521000 -1521000 0 -0 -0 0 4723000 0 4723000 -0 3929000 794000 11093159000 -1521000 11091638000 10975446000 115398000 794000 10115466000 0 10115466000 10064295000 51171000 0 1846000 0 1846000 -0 1846000 0 10117312000 0 10117312000 10064295000 53017000 0

NOTE 8. CAPITAL STOCK Common Stock Issuances During the six months ended June 30, 2026 and the year ended December 31, 2025, the Company completed the following public offerings of shares of its common stock. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; width: 39.9%; border-bottom: 1px solid black;"> ($ in thousands, except per share amounts) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Weighted </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Price </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Received </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Net </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Type of Offering </td><td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 15.1%;"> Period </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Per Share(1) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Shares </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Proceeds(2) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; width: 39.9%; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> 2026 </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> At the Market Offering Program(3) </td><td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> First Quarter </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">7.40</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">14,558,681</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">107,767</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> At the Market Offering Program(3) </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> Second Quarter </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">6.94</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">4,000,000</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">27,758</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> Total </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">18,558,681</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">135,525</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; width: 39.9%; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> 2025 </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; 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: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> At the Market Offering Program(3) </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> First Quarter </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">8.17</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">25,142,046</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;">205,424</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> At the Market Offering Program(3) </td><td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Second Quarter </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">7.01</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">19,884,204</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">139,416</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> At the Market Offering Program(3) </td><td style="font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Third Quarter </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">7.03</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">21,664,659</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">152,345</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> At the Market Offering Program(3) </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> Fourth Quarter </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">7.24</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">33,738,722</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">244,238</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> Total </td><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">100,429,631</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;">741,423</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 3px double black;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-size: 9pt;"><tbody><tr style="vertical-align: top; font-size: 9pt;"><td style="width: 18pt; font-size: 9pt;"> (1) </td><td style="width: auto; font-size: 9pt;"> Weighted average price received per share is after deducting the underwriters’ discount, if applicable, and other offering costs. </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-size: 9pt;"><tbody><tr style="vertical-align: top; font-size: 9pt;"><td style="width: 18pt; font-size: 9pt;"> (2) </td><td style="width: auto; font-size: 9pt;"> Net proceeds are net of the underwriters’ discount, if applicable, and other offering costs. </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-size: 9pt;"><tbody><tr style="vertical-align: top; font-size: 9pt;"><td style="width: 18pt; font-size: 9pt;"> (3) </td><td style="width: auto; font-size: 9pt;"> The Company has entered into 14 equity distribution agreements, 13 of which have either been terminated because all shares were sold or were replaced with a subsequent agreement. </td></tr> </tbody></table> Stock Repurchase Program On July 29, 2015, the Company’s Board of Directors authorized the repurchase of up to 400,000 shares of the Company’s common stock. On February 8, 2018, the Board of Directors approved an increase in the stock repurchase program for up to an additional 904,564 shares of the Company's common stock. Coupled with the 156,751 shares remaining from the original 400,000 share authorization, the increased authorization brought the total authorization to 1,061,315 shares, representing 10% of the Company’s then outstanding share count. On December 9, 2021, the Board of Directors approved an increase in the number of shares of the Company’s common stock available in the stock repurchase program for up to an additional 3,372,399 shares, bringing the remaining authorization under the stock repurchase program to 3,539,861 shares, representing approximately 10% of the Company’s then outstanding shares of common stock. On October 12, 2022, the Board of Directors approved an increase in the number of shares of the Company’s common stock available in the stock repurchase program for up to an additional 4,300,000 shares, bringing the remaining authorization under the stock repurchase program to 6,183,601 shares, representing approximately 18% of the Company’s then outstanding shares of common stock. On June 22, 2026, the Board of Directors approved an increase in the number of shares of the Company’s common stock available in the stock repurchase program for up to an additional 25,000,000 shares, bringing the remaining authorization under the stock repurchase program to 26,612,580 shares, representing approximately 13.3% of the Company’s currently outstanding shares of common stock. As part of the stock repurchase program, shares may be purchased in open market transactions, block purchases, through privately negotiated transactions, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Open market repurchases will be made in accordance with Exchange Act Rule 10b-18, which sets certain restrictions on the method, timing, price and volume of open market stock repurchases. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The authorization does not obligate the Company to acquire any particular amount of common stock. The stock repurchase program may be suspended or discontinued at the Company’s discretion without prior notice and has no termination date. From the inception of the stock repurchase program through June 30, 2026, the Company repurchased a total of 7,364,383 shares at an aggregate cost of approximately $92.1 million, including commissions and fees, for a weighted average price of $12.51 per share. During the six and three months ended June 30, 2026, the Company repurchased a total of 1,106,557 shares at an aggregate cost of approximately $7.3 million, including commissions and fees, for a weighted average price of $6.64 per share. During the year ended December 31, 2025, the Company repurchased a total of 1,113,224 shares at an aggregate cost of approximately $7.3 million, including commissions and fees, for a weighted average price of $6.52 per share. The remaining authorization under the stock repurchase program as of July 23, 2026 was 26,612,580 shares. Cash Dividends The table below presents the cash dividends declared on the Company’s common stock. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td colspan="8" style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> (in thousands, except per share amounts) </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 70%;"> Year </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Per Share Amount </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Total </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> 2013 </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">6.975</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">4,662</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> 2014 </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">10.800</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">22,643</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> 2015 </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">9.600</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">38,748</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> 2016 </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">8.400</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">41,388</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> 2017 </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">8.400</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">70,717</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> 2018 </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">5.350</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">55,814</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> 2019 </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">4.800</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">54,421</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> 2020 </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.950</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">53,570</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> 2021 </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">3.900</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">97,601</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> 2022 </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">2.475</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">87,906</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> 2023 </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">1.800</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">81,127</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> 2024 </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">1.440</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">96,309</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> 2025 </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">1.440</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">190,930</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid black;"> 2026 - YTD(1) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid black;">0.760</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid black;">149,256</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding-top: 0px; padding-right: 0px; padding-left: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Totals </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">70.090</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">1,045,092</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px; font-size: 9pt;"><tbody><tr style="vertical-align: top; font-size: 9pt;"><td style="width: 18pt; font-size: 9pt;"> (1) </td><td style="width: auto; font-size: 9pt;"> On July 8, 2026, the Company declared a dividend of $0.10 per share to be paid on August 28, 2026. The effect of this dividend is included in the table above but is not reflected in the Company’s financial statements as of June 30, 2026. </td></tr> </tbody></table>

7.4

14558681

107767000

6.94

4000000

27758000

18558681

135525000

8.17

25142046

205424000

7.01

19884204

139416000

7.03

21664659

152345000

7.24

33738722

244238000

100429631

741423000

400000 904564

156751

400000

1061315

3372399

3539861

4300000

6183601

25000000

26612580

7364383

92100000

12.51

1106557

7300000

6.64

1113224

7300000

6.52

26612580

6.975

4662000

10.8

22643000

9.6

38748000

8.4

41388000

8.4

70717000

5.35

55814000

4.8

54421000

3.95

53570000

3.9

97601000

2.475

87906000

1.8

81127000

1.44

96309000

1.44

190930000

0.76

149256000

70.09

1045092000

0.1

NOTE 9. STOCK INCENTIVE PLAN In 2021, the Company’s Board of Directors adopted, and the stockholders approved, the Orchid Island Capital, Inc. 2021 Equity Incentive Plan (the “2021 Incentive Plan”) to replace the Orchid Island Capital, Inc. 2012 Equity Incentive Plan (the “2012 Incentive Plan” and together with the 2021 Incentive Plan, the “Incentive Plans”). The 2021 Incentive Plan provides for the award of stock options, stock appreciation rights, stock awards, PUs, other equity-based awards (and dividend equivalents with respect to awards of PUs and other equity-based awards) and incentive awards. The 2021 Incentive Plan is administered by the Compensation Committee of the Company’s Board of Directors except that the Company’s full Board of Directors will administer awards made to directors who are not employees of the Company or its affiliates. The 2021 Incentive Plan provides for awards of up to an aggregate of 10% of the issued and outstanding shares of the Company’s common stock (on a fully diluted basis) at the time of the awards, subject to a maximum aggregate 1,473,324 shares of the Company’s common stock that may be issued under the 2021 Incentive Plan. Performance Units The Company has issued, and may in the future issue additional, PUs under the Incentive Plans to certain executive officers and employees of its Manager. PUs vest after the end of a defined performance period, based on satisfaction of the performance conditions set forth in the PU agreement. When earned, each PU will be settled by the issuance of one share of the Company’s common stock, at which time the PU will be cancelled. The PUs contain dividend equivalent rights, which entitle the Participants to receive distributions declared by the Company on common stock, but do not include the right to vote the underlying shares of common stock. PUs are subject to forfeiture should the participant no longer serve as an executive officer or employee of the Company or the Manager. Compensation expense for the PUs, included in incentive compensation on the statements of comprehensive income (loss), is recognized over the remaining vesting period once it becomes probable that the performance conditions will be achieved. The dividend payable on the PUs as of June 30, 2026 and December 31, 2025 was $27,000 and $6,000, respectively, and is included in “Due to affiliates” in the Company's balance sheet. The following table presents information related to PUs outstanding during the six months ended June 30, 2026 and 2025. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> ($ in thousands, except per share data) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="14" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Six Months Ended June 30, </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2026 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2025 </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Weighted </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Weighted </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Grant Date </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Grant Date </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Shares </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Fair Value </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Shares </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Fair Value </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Unvested, beginning of period </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">51,463</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">9.05</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">80,201</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">10.12</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Granted </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">240,486</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">7.23</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">18,137</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">8.27</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> Forfeited(1) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(2,393</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">9.13</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Vested and issued </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(23,416</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">9.77</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(24,476</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">11.17</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Unvested, end of period </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">268,533</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">7.36</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">71,469</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">9.32</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td><td style="font-size: 9pt; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Compensation expense during period </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: right; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">349</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: right; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">171</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Unrecognized compensation expense, end of period </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: right; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">1,547</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: right; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">286</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Intrinsic value, end of period </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: right; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">1,872</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: right; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">501</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Weighted-average remaining vesting term (in years) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="text-align: right; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">1.8</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="text-align: right; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">1.1</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;"><tbody><tr><td style="vertical-align: middle; width: 21px;"> (1) </td><td style="vertical-align: middle; width: 2953px;"> During 2025, a participant's service as an employee of the Manager ended, resulting in the forfeiture of 2,393 PUs as provided in the Plans. </td></tr> </tbody></table> Stock Awards The Company has issued, and may in the future issue additional, immediately vested common stock under the Incentive Plans to certain executive officers and employees of its Manager. The following table presents information related to fully vested common stock issued during the six months ended June 30, 2026 and 2025. All of the fully vested shares of common stock issued during the six months ended June 30, 2026 and 2025, and the related compensation expense, were granted with respect to service performed during the fiscal years ended December 31, 2025 and 2024, respectively. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 70%;"> ($ in thousands, except per share data) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Six Months Ended June 30, </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2026 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2025 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Fully vested shares granted </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">240,486</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">18,137</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Weighted average grant date price per share </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">7.23</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">8.27</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Compensation expense related to fully vested shares of common stock awards (1) </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">1,739</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">150</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="font-family: "Times New Roman"; font-size: 9pt; width: 100%; margin-left: auto; margin-right: auto;"><tbody><tr style="font-size: 9pt;"><td style="vertical-align: top; width: 21px; font-size: 9pt;"> (1) </td><td style="vertical-align: middle; width: 2953px; font-size: 9pt;"> The awards issued during the three months ended March 31, 2026 and 2025 were granted with respect to service performed in 2025 and 2024, respectively. </td></tr> </tbody></table> Deferred Stock Units Non-employee directors receive a portion of their compensation in the form of DSU awards pursuant to the Incentive Plans. Each DSU represents a right to receive one share of the Company’s common stock. Each non-employee director may elect to receive all of his or her compensation in the form of DSUs. The DSUs are immediately vested and are settled at a future date based on the election of the individual participant. Compensation expense for the DSUs is included in directors’ fees and liability insurance in the statements of comprehensive income (loss). The DSUs contain dividend equivalent rights, which entitle the participant to receive distributions declared by the Company on common stock. These dividend equivalent rights are settled in cash or additional DSUs at the participant’s election. The DSUs do not include the right to vote the underlying shares of common stock. The dividend payable on the DSUs as of June 30, 2026 and December 31, 2025 was $75,000 and $74,000, respectively, and is included in “Other liabilities” in the Company's balance sheet. The following table presents information related to the DSUs outstanding during the six months ended June 30, 2026 and 2025. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> ($ in thousands, except per share data) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="14" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Six Months Ended June 30, </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2026 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2025 </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Weighted </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Weighted </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Average </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Grant Date </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Grant Date </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Shares </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Fair Value </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Shares </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> Fair Value </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Outstanding, beginning of period </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">232,968</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">11.07</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">154,385</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">12.98</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Granted and vested </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">38,464</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">7.13</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">36,797</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">7.63</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Outstanding, end of period </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">271,432</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">10.51</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">191,182</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">11.95</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td><td style="border-bottom: 1px solid rgb(0, 0, 0); font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Compensation expense during period </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: right; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">186</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: right; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">229</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Intrinsic value, end of period </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="text-align: right; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">1,892</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="text-align: right; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">1,340</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> </tbody></table>

0.10

1473324

27000

6000

51463

9.05

80201

10.12

240486

7.23

18137

8.27

-0

2393

9.13

23416

9.77

24476

11.17

268533

7.36

71469

9.32

349000

171000

1547000

286000

1872000

501000

P1Y9M18D

P1Y1M6D

2393

240486

18137

7.23

8.27

1739000

150000

75000

74000

232968

11.07

154385

12.98

38464

7.13

36797

7.63

271432

10.51

191182

11.95

186000

229000

1892000

1340000

NOTE 10. COMMITMENTS AND CONTINGENCIES From time to time, the Company may become involved in various claims and legal actions arising in the ordinary course of business. Management is not aware of any reported or unreported contingencies as of June 30, 2026.

NOTE 11. INCOME TAXES The Company will generally not be subject to U.S. federal income tax on its REIT taxable income to the extent that it distributes its REIT taxable income to its stockholders and satisfies the ongoing REIT requirements, including meeting certain asset, income and stock ownership tests. A REIT must generally distribute at least 90% of its REIT taxable income, determined without regard to the deductions for dividends paid and excluding net capital gain, to its stockholders, annually to maintain REIT status. An amount equal to the sum of which 85% of its REIT ordinary income and 95% of its REIT capital gain net income, plus certain undistributed income from prior taxable years, must be distributed within the taxable year, in order to avoid the imposition of a 4% excise tax. The remaining balance may be distributed up to the end of the following taxable year, provided the REIT elects to treat such amount as a prior year distribution and meets certain other requirements.

NOTE 12. EARNINGS PER SHARE (EPS) The Company had dividend eligible PUs and DSUs that were outstanding during the six and three months ended June 30, 2026 and 2025. The basic and diluted per share computations include these unvested PUs and DSUs if there is income available to common stock, as they have dividend participation rights. The unvested PUs and DSUs have no contractual obligation to share in losses. Because there is no such obligation, the unvested PUs and DSUs are not included in the basic and diluted EPS computations when no income is available to common stock even though they are considered participating securities. The table below reconciles the numerator and denominator of EPS for the six and three months ended June 30, 2026 and 2025. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse: collapse; width: 100%; font-size: 9pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;"><tbody><tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> (in thousands, except per share information) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Six Months Ended June 30, </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Three Months Ended June 30, </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2026 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2025 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2026 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2025 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Basic and diluted EPS per common share: </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Numerator for basic and diluted EPS per share of common stock: </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Net income (loss) - Basic and diluted </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">69,237</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(16,456</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">89,192</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(33,578</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Weighted average shares of common stock: </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Shares of common stock outstanding at the balance sheet date </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">199,603</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">126,567</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">199,603</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">126,567</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Unvested dividend eligible share based compensation outstanding at the balance sheet date </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">540</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">540</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Effect of weighting </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(5,002</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(21,824</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">789</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(12,114</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; 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: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Weighted average shares-basic and diluted </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">195,141</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">104,743</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">200,932</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">114,453</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Net income (loss) per common share: </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Basic and diluted </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">0.35</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(0.16</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">0.44</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(0.29</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> Anti-dilutive incentive shares not included in calculation </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">263</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">263</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td></tr> </tbody></table>

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse: collapse; width: 100%; font-size: 9pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;"><tbody><tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 52%;"> (in thousands, except per share information) </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Six Months Ended June 30, </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> Three Months Ended June 30, </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr class="finHeading" style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2026 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2025 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2026 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> 2025 </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Basic and diluted EPS per common share: </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Numerator for basic and diluted EPS per share of common stock: </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Net income (loss) - Basic and diluted </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">69,237</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(16,456</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">89,192</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">(33,578</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;">)</td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Weighted average shares of common stock: </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Shares of common stock outstanding at the balance sheet date </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">199,603</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">126,567</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">199,603</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">126,567</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Unvested dividend eligible share based compensation outstanding at the balance sheet date </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">540</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">540</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> Effect of weighting </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(5,002</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(21,824</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">789</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(12,114</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; 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: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> Weighted average shares-basic and diluted </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">195,141</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">104,743</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">200,932</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0);"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">114,453</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; border-bottom: 3px double rgb(0, 0, 0); margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Net income (loss) per common share: </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt;"> Basic and diluted </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">0.35</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(0.16</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">0.44</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">(0.29</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; margin-left: 0pt;">)</td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> Anti-dilutive incentive shares not included in calculation </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">263</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0">263</td><td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 9pt; padding: 0; margin: 0"> </td></tr> </tbody></table>

69237000

-16456000

89192000

-33578000

199603000

126567000

199603000

126567000

540000 0 540000 0 -5002000 -21824000 789000 -12114000

195141000

104743000

200932000

114453000

0.35

-0.16

0.44

-0.29

263000

NOTE 13. FAIR VALUE The framework for using fair value to measure assets and liabilities defines fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price). A fair value measure should reflect the assumptions that market participants would use in pricing the asset or liability, including the assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset and the risk of non-performance. Required disclosures include presentation of balance sheet amounts measured at fair value based on inputs the Company uses to derive fair value measurements. These inputs are: <table border="0" cellpadding="0" cellspacing="0" style="width:100%;font-family:Times New Roman;font-size:10pt;"><tbody><tr><td style="width:18pt;"> </td><td style="vertical-align:top;width:18pt;"> ● </td><td style="vertical-align:top;"> Level 1 valuations, where the valuation is based on quoted market prices for identical assets or liabilities traded in active markets (which include exchanges and over-the-counter markets with sufficient volume), </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width:100%;font-family:Times New Roman;font-size:10pt;"><tbody><tr><td style="width:18pt;"> </td><td style="vertical-align:top;width:18pt;"> ● </td><td style="vertical-align:top;"> Level 2 valuations, where the valuation is based on quoted market prices for similar instruments traded in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market, and </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width:100%;font-family:Times New Roman;font-size:10pt;"><tbody><tr><td style="width:18pt;"> </td><td style="vertical-align:top;width:18pt;"> ● </td><td style="vertical-align:top;"> Level 3 valuations, where the valuation is generated from model-based techniques that use significant assumptions not observable in the market, but observable based on Company-specific data. These unobservable assumptions reflect the Company’s own estimates for assumptions that market participants would use in pricing the asset or liability. Valuation techniques typically include option pricing models, discounted cash flow models and similar techniques, but may also include the use of market prices of assets or liabilities that are not directly comparable to the subject asset or liability. </td></tr> </tbody></table> The Company's RMBS and TBA securities are Level 2 valuations, and such valuations currently are determined by the Company based on independent pricing sources and/or third party broker quotes. Because the price estimates may vary, the Company must make certain judgments and assumptions about the appropriate price to use to calculate the fair values. The Company and the independent pricing sources use various valuation techniques to determine the price of the Company’s securities. These techniques include observing the most recent market for like or identical assets (including security coupon, maturity, yield, and prepayment speeds), spread pricing techniques to determine market credit spreads (option adjusted spread, zero volatility spread, spread to the U.S. Treasury curve or spread to a benchmark such as a TBA), and model driven approaches (the discounted cash flow method, Black Scholes and SABR models which rely upon observable market rates such as the term structure of interest rates and volatility). The appropriate spread pricing method used is based on market convention. The pricing source determines the spread of recently observed trade activity or observable markets for assets similar to those being priced. The spread is then adjusted based on variances in certain characteristics between the market observation and the asset being priced. Those characteristics include: type of asset, the expected life of the asset, the stability and predictability of the expected future cash flows of the asset, whether the coupon of the asset is fixed or adjustable, the guarantor of the security if applicable, the coupon, the maturity, the issuer, size of the underlying loans, year in which the underlying loans were originated, loan to value ratio, state in which the underlying loans reside, credit score of the underlying borrowers and other variables if appropriate. The fair value of the security is determined by using the adjusted spread. The Company’s U.S. Treasury securities that are based on quoted prices for identical instruments in active markets are classified as Level 1 assets. U.S. Treasury securities are considered Level 2 investments when they were issued before the most recent issue and were still outstanding at measurement day. The Company’s futures contracts are Level 1 valuations, as they are exchange-traded instruments and quoted market prices are readily available. Futures contracts are settled daily. The Company’s interest rate swaps, interest rate swaptions and dual digital options are Level 2 valuations. The fair value of interest rate swaps is determined using a discounted cash flow approach using forward market interest rates and discount rates, which are observable inputs. The fair value of interest rate swaptions and dual digital options are determined using an option pricing model. RMBS, U.S. Treasury securities, derivatives and TBA securities were recorded at fair value on a recurring basis during the six and three months ended June 30, 2026 and 2025. When determining fair value measurements, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset. When possible, the Company looks to active and observable markets to price identical assets. When identical assets are not traded in active markets, the Company looks to market observable data for similar assets. The estimated fair value of cash and cash equivalents, restricted cash, accrued interest receivable, receivable for securities sold, other assets, due to affiliates, repurchase agreements, payable for unsettled securities purchased, accrued interest payable and other liabilities generally approximates their carrying values due to the short-term nature of these financial instruments as of June 30, 2026 and December 31, 2025. The Company estimates the fair value of the cash and cash equivalents using Level 1 inputs, and the accrued interest receivable, receivable for securities sold, other assets, due to affiliates, repurchase agreements, payable for unsettled securities purchased, accrued interest payable and other liabilities using Level 2 inputs. The following table presents financial assets (liabilities) measured at fair value on a recurring basis as of June 30, 2026 and December 31, 2025. Derivative contracts are reported as a net position by contract type, and not based on master netting arrangements. <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 9pt; font-family: "Times New Roman"; text-indent: 0px;"><tbody><tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0); width: 55%;"> (in thousands) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Quoted Prices </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> in Active </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Significant </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="text-align: center; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Markets for </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Other </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Significant </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Identical </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Observable </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Unobservable </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Assets </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Inputs </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> Inputs </td><td style="font-family: "Times New Roman"; font-size: 9pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> (Level 1) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> (Level 2) </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> (Level 3) </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> June 30, 2026 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Mortgage-backed securities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">11,540,164</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> U.S. Treasury securities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">182,862</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Interest rate swaps </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">11,520</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> Interest rate swaptions </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">3,542</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> TBA securities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">(4,723</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0; margin: 0"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> Obligation to return securities borrowed under reverse repurchase agreements </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"></td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(496,036</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"></td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> December 31, 2025 </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; font-size: 9pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td><td style="font-family: "Times New Roman"; 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: "Times New Roman"; font-size: 9pt;"> Mortgage-backed securities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">10,628,658</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">$</td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> U.S. Treasury securities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">135,133</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> Interest rate swaps </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">8,238</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(204, 238, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt;"> TBA securities </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">(831</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;">-</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; margin-left: 0pt;"> </td></tr> <tr style="background-color: rgb(255, 255, 255); vertical-align: bottom"><td style="font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> Obligation to return securities borrowed under reverse repurchase agreements </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"></td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">(128,724</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;">)</td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td><td style="width: 12%; text-align: right; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"></td><td style="width: 1%; font-family: "Times New Roman"; font-size: 9pt; padding: 0px; margin: 0px; border-bottom: 1px solid black;"> </td></tr> </tbody></table> During the six and three months ended June 30, 2026 and 2025, there were no transfers of financial assets or liabilities between levels 1, 2 or 3.

11540164000

182862000

11520000

3542000

-4723000

-496036000

10628658000

135133000

8238000

-831000

-128724000

NOTE 14. RELATED PARTY TRANSACTIONS Management Agreement The Company is externally managed and advised by Bimini Advisors, LLC (the “Manager”) pursuant to the terms of a management agreement. The management agreement has been renewed through February 20, 2027 and provides for automatic one-year extension options thereafter and is subject to certain termination rights. Under the terms of the management agreement, the Manager is responsible for administering the business activities and day-to-day operations of the Company. The Manager receives a monthly management fee in the amount of: <table border="0" cellpadding="0" cellspacing="0" style="width:100%;font-family:Times New Roman;font-size:10pt;"><tbody><tr><td style="width:18pt;"> </td><td style="vertical-align:top;width:18pt;"> ● </td><td style="vertical-align:top;"> One-twelfth of 1.5% of the first $250 million of the Company’s month-end equity, as defined in the management agreement, </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width:100%;font-family:Times New Roman;font-size:10pt;"><tbody><tr><td style="width:18pt;"> </td><td style="vertical-align:top;width:18pt;"> ● </td><td style="vertical-align:top;"> One-twelfth of 1.25% of the Company’s month-end equity that is greater than $250 million and less than or equal to $500 million, and </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width:100%;font-family:Times New Roman;font-size:10pt;"><tbody><tr><td style="width:18pt;"> </td><td style="vertical-align:top;width:18pt;"> ● </td><td style="vertical-align:top;"> One-twelfth of 1.00% of the Company’s month-end equity that is greater than $500 million. </td></tr> </tbody></table> The Manager also provides certain repurchase agreement trading, clearing and administrative services to the Company. In consideration for such services, the Company pays the following fees to the Manager: <table border="0" cellpadding="0" cellspacing="0" style="width:100%;font-family:Times New Roman;font-size:10pt;"><tbody><tr><td style="width:18pt;"> </td><td style="vertical-align:top;width:18pt;"> ● </td><td style="vertical-align:top;"> A daily fee equal to the outstanding principal balance of repurchase agreement funding in place as of the end of such day multiplied by 1.5 basis points for the amount of aggregate outstanding principal balance less than or equal to $5 billion, and multiplied by 1.0 basis point for any amount of aggregate outstanding principal balance in excess of $5 billion, and </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" style="width:100%;font-family:Times New Roman;font-size:10pt;"><tbody><tr><td style="width:18pt;"> </td><td style="vertical-align:top;width:18pt;"> ● </td><td style="vertical-align:top;"> A fee for the clearing and operational services provided by personnel of the Manager equal to $10,000 per month. </td></tr> </tbody></table> The Company is obligated to reimburse the Manager for any direct expenses incurred on its behalf and to pay the Manager the Company’s pro rata portion of certain overhead costs set forth in the management agreement. Should the Company terminate the management agreement without cause, it will pay the Manager a termination fee equal to three times the average annual management fee, as defined in the management agreement, before or on the last day of the term of the agreement. Total expenses recorded for the management fee, allocated overhead and repurchase agreement trading, clearing and administrative services were approximately $10.2 million and $5.1 million for the six and three months ended June 30, 2026, respectively, and $7.4 million and $3.8 million for the six and three months ended June 30, 2025, respectively. At June 30, 2026 and December 31, 2025, the net amount due to affiliates was approximately $1.8 million and $1.7 million, respectively. Other Relationships with Bimini Robert Cauley, the Company’s Chief Executive Officer and Chairman of the Board of Directors, also serves as Chief Executive Officer and Chairman of the Board of Directors of Bimini and owns shares of common stock of Bimini. George H. Haas, IV, the Company’s Chief Financial Officer, Chief Investment Officer, Secretary and a member of the Board of Directors, also serves as the Chief Financial Officer, Chief Investment Officer and Treasurer of Bimini and owns shares of common stock of Bimini. In addition, as of June 30, 2026, Bimini owned 569,071 shares, or 0.3%, of the Company’s common stock.

10200000 5100000 7400000 3800000

1800000

1700000

569071 0.003

NOTE 15. SEGMENT INFORMATION The Company follows ASC 280, Segment Reporting, which establishes standards for the way public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in financial statements issued to shareholders. The Company’s Chief Operating Decision Maker ("CODM"), its CEO, assesses performance and allocates resources based on company-wide financial information. The Company derives nearly all of its income from interest on its RMBS portfolio. Consequently, the Company has determined that it operates in a single reportable segment and the strategic purpose of all operating activities is to support that one segment. The CODM evaluates company-wide performance based on multiple performance measures, including net income, which is the Company's primary measure of segment performance. The CODM does not generally evaluate our performance using asset or historical cash flow information. Since the Company operates in one operating segment, all required financial segment information can be found in the financial statements. Significant expenses within net income that are used to evaluate performance are each separately presented in the statements of comprehensive income (loss). The Company does not distinguish between markets or segments for the purpose of internal reporting. The Company's segment assets are presented in the Company's Balance Sheets under total assets.

<a href="#" id="otherinfo" title="otherinfo"></a>ITEM 5. OTHER INFORMATION Trading Arrangements During the quarter ended June 30, 2026, none of the Company’s directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified or terminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as each term is defined in Item 408 of Regulation S-K). Cost basis represents the forward price to be paid (received) for the underlying Agency RMBS. The notional balance for the interest-only securities portfolio was $68.5 million and $72.9 million as of June 30, 2026 and December 31, 2025, respectively. Weighted average price received per share is after deducting the underwriters’ discount, if applicable, and other offering costs. Net proceeds are net of the underwriters’ discount, if applicable, and other offering costs. As of December 31, 2025, the Company had entered into twelve equity distribution agreements, eleven of which have either been terminated because all shares were sold or were replaced with a subsequent agreement. The notional balance for the inverse interest-only securities portfolio was $14.1 million and $17.7 million as of June 30, 2026 and December 31, 2025, respectively. On April 15, 2026, the Company declared a dividend of $0.10 per share to be paid on May 28, 2026. The effect of this dividend is included in the table above but is not reflected in the Company’s financial statements as of March 31, 2026. Open equity represents the cumulative gains (losses) recorded on open futures positions from inception. The Company has entered into 14 equity distribution agreements, 13 of which have either been terminated because all shares were sold or were replaced with a subsequent agreement. On January 7, 2026, the Company declared a dividend of $0.12 per share to be paid on February 26, 2026. On February 11, 2026, the Company declared a dividend of $0.12 per share to be paid on March 30, 2026. The effect of these dividends are included in the table above, but are not reflected in the Company’s financial statements as of December 31, 2025 5-Year T-Note futures contracts were valued at a price $109.30 of at December 31, 2025. The contract values of the short positions were $133.9 million at December 31, 2025. 10-Year T-Note futures contracts were valued at a price of $109.89 at June 30, 2026 and $112.44 at December 31, 2025. The contract values of the short positions were $207.3 million and $101.2 million at June 30, 2026 and December 31, 2025, respectively. 10-Year Ultra futures contracts were valued at a price of $112.47 at June 30, 2026 and $115.02 at December 31, 2025. The contract values of the short positions were $67.5 million and $69.0 million at June 30, 2026 and December 31, 2025, respectively. The Company has entered into offsetting long and short positions for these coupons. The awards issued during the years ended December 31, 2025 and 2024 were granted with respect to service performed in 2024 and 2023, respectively. Compensation expense accrued related to the share awards was $0.2 million for both nine month periods ended September 30, 2025 and 2024. Notional amount represents the par value (or principal balance) of the underlying Agency RMBS. The awards issued during the three months ended March 31, 2026 and 2025 were granted with respect to service performed in 2025 and 2024, respectively. Other securities are comprised of interest-only and inverse interest-only securities. The awards issued during the years ended December 31, 2025 and 2024 were granted with respect to service performed in 2024 and 2023, respectively. Compensation expense accrued related to the share awards was $0.2 million for both six month periods ended June 30, 2025 and 2024. Net carrying value represents the difference between the market value and the cost basis of the TBA securities as of period-end and is reported in derivative assets (liabilities), at fair value in the balance sheets. 5-Year T-Note futures contracts were valued at a price of $108.18 at March 31, 2026 and $109.30 at December 31, 2025. The contract values of the short positions were $194.7 million and $133.9 million at March 31, 2026 and December 31, 2025, respectively. 10-Year T-Note futures contracts were valued at a price of $111.05 at March 31, 2026 and $112.44 at December 31, 2025. The contract values of the short positions were $58.9 million and $101.2 million at March 31, 2026 and December 31, 2025, respectively. 10-Year Ultra futures contracts were valued at a price of $113.52 at March 31, 2026 and $115.02 at December 31, 2025. The contract values of the short positions were $68.1 million and $69.0 million at March 31, 2026 and December 31, 2025, respectively. The cost information in the table above represents the aggregate current par value, multiplied by the purchase price of each security in the portfolio. ERIS swap futures are exchange traded futures that replicate the cash flows of an underlying swap position. Market value represents the current market value of the TBA securities (or of the underlying Agency RMBS) as of period-end. During 2025, a participant's service as an employee of the Manager ended, resulting in the forfeiture of 2,393 PUs as provided in the Plans.