| Schedule of Offsetting Liabilities |
The following table presents information about our assets and liabilities that are subject to such arrangements and can potentially be offset on our Consolidated Statements of Financial Condition as of June 30, 2026 and December 31, 2025. | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | | (dollars in thousands) | | | | Gross Amounts of Recognized Assets (Liabilities) | Gross Amounts Offset in the Consolidated Statements of Financial Position | Net Amounts Offset in the Consolidated Statements of Financial Position | Gross Amounts Not Offset with Financial Assets (Liabilities) in the Consolidated Statements of Financial Position | | | | | Financial
Instruments | Cash Collateral (Received) Pledged (1) | Net Amount | | | | Secured financing agreements | $ | (7,725,542) | | $ | — | | $ | (7,725,542) | | $ | 8,882,135 | | $ | 7,756 | | $ | 1,164,349 | | | | | Interest rate swaps - Gross Assets | 41,173 | | (1,535) | | 39,638 | | — | | 65,378 | | 105,016 | | | | | Interest rate swaps - Gross Liabilities | (1,535) | | 1,535 | | — | | — | | — | | — | | | | Futures (2) - Gross Assets | 4,098 | | — | | 4,098 | | — | | 2,296 | | 6,394 | | | | Futures (2) - Gross Liabilities | — | | — | | — | | — | | — | | — | | | | | Swaptions - Gross Assets | — | | — | | — | | — | | — | | — | | | | | Swaptions - Gross Liabilities | — | | — | | — | | — | | — | | — | | | | | Interest rate cap - Gross Assets | 71,353 | | (69,445) | | 1,908 | | — | | (69,445) | | (67,537) | | | | | Interest rate cap - Gross Liabilities | — | | — | | — | | — | | — | | — | | | | | Interest Rate Lock - Gross Assets | 4,055 | | — | | 4,055 | | — | | — | | 4,055 | | | | | Interest Rate Lock - Gross Liabilities | — | | — | | — | | — | | — | | — | | | | | TBA derivatives - Gross Assets | — | | — | | — | | — | | — | | — | | | | | TBA derivatives - Gross Liabilities | (52) | | — | | (52) | | — | | | (52) | | | | | Total | $ | (7,606,450) | | $ | (69,445) | | $ | (7,675,895) | | $ | 8,882,135 | | $ | 5,985 | | $ | 1,212,225 | | | |
(1) Included in Other assets (2) Includes Futures with underlying Eris Secured Overnight Financing Rate Swaps and U.S. Treasuries | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | (dollars in thousands) | | Gross Amounts of Recognized Assets (Liabilities) | Gross Amounts Offset in the Consolidated Statements of Financial Position | Net Amounts Offset in the Consolidated Statements of Financial Position | Gross Amounts Not Offset with Financial Assets (Liabilities) in the Consolidated Statements of Financial Position | | | Financial
Instruments | Cash Collateral (Received) Pledged (1) | Net Amount | | Secured financing agreements | $ | (6,031,182) | | $ | — | | $ | (6,031,182) | | $ | 7,353,549 | | $ | 16,968 | | $ | 1,339,335 | | | Interest rate swaps - Gross Assets | 21,413 | | (255) | | 21,158 | | — | | 43,235 | | 64,393 | | | Interest rate swaps - Gross Liabilities | (115) | | 115 | | — | | — | | — | | — | | Futures (2) - Gross Assets | 57 | | — | | 57 | | — | | 5,857 | | 5,914 | | Futures (2) - Gross Liabilities | (1,759) | | — | | (1,759) | | — | | — | | (1,759) | | | Swaptions - Gross Assets | 3,927 | | (3,810) | | 117 | | — | | (3,810) | | (3,693) | | | Swaptions - Gross Liabilities | — | | — | | — | | — | | — | | — | | | Interest rate cap - Gross Assets | 115 | | (115) | | — | | — | | (440) | | (440) | | | Interest rate cap - Gross Liabilities | — | | — | | — | | — | | — | | — | | | Interest Rate Lock - Gross Assets | 3,855 | | — | | 3,855 | | — | | — | | 3,855 | | | Interest Rate Lock - Gross Liabilities | — | | — | | — | | — | | — | | — | | | Total | $ | (6,003,689) | | $ | (4,065) | | $ | (6,007,754) | | $ | 7,353,549 | | $ | 61,810 | | $ | 1,407,605 | |
(1) Included in Other assets (2) Includes Futures with underlying Eris Secured Overnight Financing Rate Swaps and U.S. Treasuries
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| Schedule of Offsetting Assets |
The following table presents information about our assets and liabilities that are subject to such arrangements and can potentially be offset on our Consolidated Statements of Financial Condition as of June 30, 2026 and December 31, 2025. | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | | (dollars in thousands) | | | | Gross Amounts of Recognized Assets (Liabilities) | Gross Amounts Offset in the Consolidated Statements of Financial Position | Net Amounts Offset in the Consolidated Statements of Financial Position | Gross Amounts Not Offset with Financial Assets (Liabilities) in the Consolidated Statements of Financial Position | | | | | Financial
Instruments | Cash Collateral (Received) Pledged (1) | Net Amount | | | | Secured financing agreements | $ | (7,725,542) | | $ | — | | $ | (7,725,542) | | $ | 8,882,135 | | $ | 7,756 | | $ | 1,164,349 | | | | | Interest rate swaps - Gross Assets | 41,173 | | (1,535) | | 39,638 | | — | | 65,378 | | 105,016 | | | | | Interest rate swaps - Gross Liabilities | (1,535) | | 1,535 | | — | | — | | — | | — | | | | Futures (2) - Gross Assets | 4,098 | | — | | 4,098 | | — | | 2,296 | | 6,394 | | | | Futures (2) - Gross Liabilities | — | | — | | — | | — | | — | | — | | | | | Swaptions - Gross Assets | — | | — | | — | | — | | — | | — | | | | | Swaptions - Gross Liabilities | — | | — | | — | | — | | — | | — | | | | | Interest rate cap - Gross Assets | 71,353 | | (69,445) | | 1,908 | | — | | (69,445) | | (67,537) | | | | | Interest rate cap - Gross Liabilities | — | | — | | — | | — | | — | | — | | | | | Interest Rate Lock - Gross Assets | 4,055 | | — | | 4,055 | | — | | — | | 4,055 | | | | | Interest Rate Lock - Gross Liabilities | — | | — | | — | | — | | — | | — | | | | | TBA derivatives - Gross Assets | — | | — | | — | | — | | — | | — | | | | | TBA derivatives - Gross Liabilities | (52) | | — | | (52) | | — | | | (52) | | | | | Total | $ | (7,606,450) | | $ | (69,445) | | $ | (7,675,895) | | $ | 8,882,135 | | $ | 5,985 | | $ | 1,212,225 | | | |
(1) Included in Other assets (2) Includes Futures with underlying Eris Secured Overnight Financing Rate Swaps and U.S. Treasuries | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | (dollars in thousands) | | Gross Amounts of Recognized Assets (Liabilities) | Gross Amounts Offset in the Consolidated Statements of Financial Position | Net Amounts Offset in the Consolidated Statements of Financial Position | Gross Amounts Not Offset with Financial Assets (Liabilities) in the Consolidated Statements of Financial Position | | | Financial
Instruments | Cash Collateral (Received) Pledged (1) | Net Amount | | Secured financing agreements | $ | (6,031,182) | | $ | — | | $ | (6,031,182) | | $ | 7,353,549 | | $ | 16,968 | | $ | 1,339,335 | | | Interest rate swaps - Gross Assets | 21,413 | | (255) | | 21,158 | | — | | 43,235 | | 64,393 | | | Interest rate swaps - Gross Liabilities | (115) | | 115 | | — | | — | | — | | — | | Futures (2) - Gross Assets | 57 | | — | | 57 | | — | | 5,857 | | 5,914 | | Futures (2) - Gross Liabilities | (1,759) | | — | | (1,759) | | — | | — | | (1,759) | | | Swaptions - Gross Assets | 3,927 | | (3,810) | | 117 | | — | | (3,810) | | (3,693) | | | Swaptions - Gross Liabilities | — | | — | | — | | — | | — | | — | | | Interest rate cap - Gross Assets | 115 | | (115) | | — | | — | | (440) | | (440) | | | Interest rate cap - Gross Liabilities | — | | — | | — | | — | | — | | — | | | Interest Rate Lock - Gross Assets | 3,855 | | — | | 3,855 | | — | | — | | 3,855 | | | Interest Rate Lock - Gross Liabilities | — | | — | | — | | — | | — | | — | | | Total | $ | (6,003,689) | | $ | (4,065) | | $ | (6,007,754) | | $ | 7,353,549 | | $ | 61,810 | | $ | 1,407,605 | |
(1) Included in Other assets (2) Includes Futures with underlying Eris Secured Overnight Financing Rate Swaps and U.S. Treasuries
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