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us-gaap:RestrictedStockUnitsRSUMember us-gaap:ShareBasedPaymentArrangementEmployeeMember 2026-01-01 2026-09-30 0000826675 us-gaap:RestrictedStockMember us-gaap:ShareBasedPaymentArrangementNonemployeeMember 2026-01-01 2026-09-30 0000826675 us-gaap:PerformanceSharesMember us-gaap:ShareBasedPaymentArrangementEmployeeMember 2026-01-01 2026-09-30 0000826675 us-gaap:PerformanceSharesMember 2026-06-30 0000826675 dx:DividendEquivalentRightsMember 2026-09-30 0000826675 dx:DividendEquivalentRightsMember 2025-12-31 0000826675 us-gaap:CommonStockMember 2026-09-30 0000826675 us-gaap:CommonStockMember 2025-12-31 0000826675 us-gaap:SeriesCPreferredStockMember 2025-12-31 0000826675 dx:UnpaidDividendsMember 2026-09-30 0000826675 dx:UnpaidDividendsMember 2025-12-31 shares iso4217:USD shares iso4217:USD pure dx:segment 0000826675 2026 Q3 --12-31 false http://fasb.org/srt/2025#ChiefExecutiveOfficerMember 10-Q true 2026-09-30 false 001-09819 DYNEX CAPITAL, INC. VA 52-1549373 140 Eastshore Drive Suite 100 Glen Allen, VA 23059-5755 (804) 217-5800 Common Stock, par value $0.01 per share DX NYSE 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share DXPRC NYSE 9.375% Series D Fixed-Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share DXPRD NYSE Yes Yes Large Accelerated Filer false false false 259627108 0.01 0.01 993008000 531043000 834736000 399344000 25239341000 14593470000 25912607000 16306988000 61439000 17425000 0 10498000 113913000 67940000 9503000 8940000 27925206000 17342178000 24190276000 13904231000 389511000 811656000 89336000 4830000 0 8373000 137153000 95196000 50580000 37171000 16295000 18577000 24873151000 14880034000 0.01 50000000 9260000 9260000 4460000 4460000 231500000 111500000 223593000 107843000 0.01 0.01 720000000 360000000 258430745 258430745 174814912 174814912 2584000 1748000 4025147000 2921551000 -164603000 -127061000 -1034666000 -441937000 3052055000 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93306 1000 -1621000 1622000 -213000 213000 133707000 133707000 7431000 7431000 174511000 174511000 38420000 38420000 4460000 107843000 145714136 1457000 2524286000 -134069000 -541969000 1957548000 -235106000 133707000 8177000 0 -1742480000 286118000 1274659000 -186875000 8734000 20371000 1587000 1556000 8307000 8316000 45973000 23090000 41957000 65845000 3727000 945000 235423000 106517000 14383146000 6130208000 1603717000 540184000 55144000 103999000 910594000 0 85000 216000 -1330151000 233678000 -8373000 18424000 -10491828000 -5701063000 202745025000 97331308000 192458980000 92140906000 115750000 0 1101051000 775946000 255000 157000 4615000 1622000 344214000 167755000 11153762000 5796814000 897357000 202268000 930387000 621539000 1827744000 823807000 576082000 219768000 382711000 263179000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:117.81pt;position:var(--position);text-decoration:none;white-space:pre">ORGANIZATION AND S</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:230.54pt;position:var(--position);text-decoration:none;white-space:pre">UMMARY OF SIGNIFICANT ACCOUNTING POLICIES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Organization</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:114pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:12.22pt">Dy</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.22pt;position:var(--position);text-decoration:none;white-space:pre;width:419.73pt">nex Capital, Inc. (“Dynex” or the “Company”) is a real estate investment trust (“REIT”) structured to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:126pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:39.23pt">deliver di</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.22999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:428.66pt">vidends to shareholders supported by long-term returns from investments in mortgage assets backed by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:138pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:167.2pt">U.S. housing and commercial real estate. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:239.2pt;position:var(--position);text-decoration:none;white-space:pre;width:300.75pt">The Company’s common stock and preferred stock trade on the New York</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:150pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:437.07pt">Stock Exchange (“NYSE”). The Company’s common stock trades under the ticker symbol “DX,” and its </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:509.07pt;position:var(--position);text-decoration:none;white-space:pre;width:30.83pt">6.900%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:162pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:174pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:30.83pt">9.375%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.83pt;position:var(--position);text-decoration:none;white-space:pre;width:437.15pt"> Series D Fixed-Rate Cumulative Redeemable Preferred Stock (the “Series D Preferred Stock”) trade under</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:186pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:235.85pt">the ticker symbols “DXPRC” and “DXPRD,” respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.93pt">The Company is internally managed and primarily earns income from investing in residential and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">commercial mortgage-backed securities (“RMBS” and “CMBS”, respectively), which are backed by residential and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:228pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">commercial mortgage loans, and which are primarily Agency securities guaranteed by U.S. government-sponsored</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:240pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">enterprises (“GSEs”). The Company may also invest in other mortgage-related assets consistent with its objectives.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:252pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">Dynex actively manages interest rate, prepayment, spread, liquidity, and counterparty risks. The Dynex approach</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:264pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">emphasizes risk management and disciplined capital allocation designed to preserve book value and support</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:276pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:126.51pt">dividends across market cycles.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:300pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:89.37pt">Basis of Presentation</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.9pt">The accompanying unaudited consolidated financial statements of the Company and its subsidiaries</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:330pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">(together, “Dynex” or, as appropriate, the “Company”) have been prepared in accordance with U.S. generally</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:342pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:354pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">and Article 10, Rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">“SEC”). Accordingly, they do not include all of the information and notes required by GAAP for complete financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">statements. In the opinion of management, all significant adjustments, consisting of normal recurring accruals,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">considered necessary for a fair statement of results for the interim period have been included. All intercompany</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:402pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:375.7pt">accounts and transactions have been eliminated in consolidation. Operating results for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:447.7pt;position:var(--position);text-decoration:none;white-space:pre;width:92.21pt">three and nine months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:414pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:23.86pt">ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:95.86pt;position:var(--position);text-decoration:none;white-space:pre;width:3.39pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99.25pt;position:var(--position);text-decoration:none;white-space:pre;width:82pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.25pt;position:var(--position);text-decoration:none;white-space:pre;width:358.71pt"> are not necessarily indicative of the results that may be expected for any other interim</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:426pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">periods or for the entire year ending December 31, 2026. The unaudited consolidated financial statements included</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:438pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">herein should be read in conjunction with the audited financial statements and notes thereto included in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:450pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:48.78pt">Company’s </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.78pt;position:var(--position);text-decoration:underline;white-space:pre;width:276.97pt"><a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0000826675/000082667526000017/dx-20251231.htm" style="color:inherit;text-decoration:inherit;z-index:1">Annual Report on Form 10-K for the year ended December 31, 2025</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.75pt;position:var(--position);text-decoration:none;white-space:pre;width:142.19pt"> (the “2025 Form 10-K”) filed with</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:462pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:38.02pt">the SEC. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:486pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Use of Estimates</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:504pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.95pt">The preparation of financial statements in conformity with GAAP requires management to make estimates</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:516pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">liabilities at the date of the financial statements as well as the reported amounts of revenue and expenses during the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:540pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">reported period. Actual results could differ from those estimates. The most significant estimate used by management</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:552pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">relates to the fair value measurement of its investments, including TBA securities accounted for as derivative</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:564pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">instruments, which is discussed further below within this note to the consolidated financial statements. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">Company believes the estimates and assumptions underlying the consolidated financial statements included herein</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:588pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:288.25pt">are reasonable and supportable based on the information available as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.25pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:442.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:612pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:188.76pt">Consolidation and Variable Interest Entities</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:630pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.97pt">The consolidated financial statements include the accounts of the Company and the accounts of its majority</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:642pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:412.56pt">owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:484.56pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:660pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:162.17pt">The Company did not consolidate any </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:270.16999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:165.41pt">variable interest entities (“VIEs”) as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:435.58pt;position:var(--position);text-decoration:none;white-space:pre;width:82.66pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:518.24pt;position:var(--position);text-decoration:none;white-space:pre;width:21.75pt">. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:672pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">Company consolidates a VIE if the Company is determined to be the VIE’s primary beneficiary, which is defined as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:684pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">the party that has both (i) the power to control the activities that most significantly impact the VIE’s financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:696pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">performance; and (ii) the right to receive benefits or absorb losses that could potentially be significant to the VIE.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:708pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">The Company reconsiders its evaluation of whether to consolidate a VIE on an ongoing basis, based on changes in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">the facts and circumstances pertaining to the VIE. Though the Company invests in Agency and non-Agency MBS</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">which are generally considered to be interests in VIEs, the Company does not consolidate these entities because it</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">does not meet the criteria to be deemed the primary beneficiary. The maximum exposure to loss for these VIEs is the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:108pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:109.06pt">carrying value of the MBS.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:132pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Income Taxes</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:150pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.97pt">The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986 (the “Tax Code”)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:162pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">and the corresponding provisions of state law. To qualify as a REIT, the Company must meet certain asset, income,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:174pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">ownership, and distribution tests. To meet these requirements, the Company’s main source of income is interest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:186pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">earned from obligations secured by mortgages on real property, and the Company must distribute at least 90% of its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:198pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">annual REIT taxable income to shareholders. The Company’s income will generally not be subject to federal income</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:280.24pt">tax to the extent its income is distributed as dividends to shareholders.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.95pt">The Company assesses its tax positions for all open tax years and determines whether the Company has any</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:246pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">material unrecognized liabilities and records these liabilities, if any, to the extent they are deemed more likely than</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:104.05pt">not to have been incurred.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:282pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:164.6pt">Net Income (Loss) Per Common Share</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:300pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.97pt">The Company calculates basic net income (loss) per common share by dividing net income (loss) to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:312pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">common shareholders for the period by weighted-average shares of common stock outstanding for that period.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:324pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:43.44pt">Please see </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.44pt;position:var(--position);text-decoration:underline;white-space:pre;width:27.01pt"><a href="#ibfd3ca21147f4107909e10438b264875_25" style="color:inherit;text-decoration:inherit;z-index:1">Note 2</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:142.45pt;position:var(--position);text-decoration:none;white-space:pre;width:397.47pt"> for the calculation of the Company’s basic and diluted net income (loss) per common share for the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:336pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:71.02pt">periods indicated.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:354pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.99pt">The Company currently has restricted stock, service-based restricted stock units (“RSUs”) and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">performance-based stock units (“PSUs”) issued and outstanding. Restricted stock awards issued under the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">Company’s 2020 Stock and Incentive Plan (the “2020 Plan”) are considered participating securities and therefore are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">included in the computation of basic net income per common share using the two-class method because holders of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:402pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:378.6pt">unvested shares of restricted stock issued are eligible to receive non-forfeitable dividends. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.6pt;position:var(--position);text-decoration:none;white-space:pre;width:89.37pt">Holders of RSUs and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:414pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">PSUs issued under the 2020 Plan as well as the Company’s 2025 Stock and Incentive Plan (the “2025 Plan”) accrue</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:426pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">forfeitable dividend equivalent rights ("DERs") over the period outstanding, receiving dividend payments only upon</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:438pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">the settlement date if the requisite service-based and performance-based conditions have been achieved, as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:450pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:46.34pt">applicable. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.34pt;position:var(--position);text-decoration:none;white-space:pre;width:421.54pt">As such, RSUs and PSUs are excluded from the computation of basic net income per common share but</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:462pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:296.7pt">are included in the computation of diluted net income per common share </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:368.7pt;position:var(--position);text-decoration:none;white-space:pre;width:123.34pt">using the treasury stock metho</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:492.04pt;position:var(--position);text-decoration:none;white-space:pre;width:47.8pt">d unless the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:474pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">effect is to reduce a net loss or increase the net income per common share (also known as “anti-dilutive”). Upon</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:486pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">vesting, restrictions on transfer expire on each share of restricted stock, RSU, and PSU, and each such share or unit</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:498pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">becomes one unrestricted share of common stock and is included in the computation of basic net income per</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:510pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:61.05pt">common share.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:133.05pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:432pt">Because the Company’s Series C Preferred Stock and Series D Preferred Stock are redeemable at the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:540pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">Company’s option for cash only and convertible into shares of common stock only upon a change of control of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:552pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">Company (and subject to other circumstances) as described in Articles IIIC and IIID of the Company’s Restated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:564pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">Articles of Incorporation, as amended, the effect of those shares and their related dividends is excluded from the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:311.84pt">calculation of diluted net income per common share for the periods presented.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:600pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:117.49pt">Cash and Cash Equivalents</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:618pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.97pt">Cash and cash equivalents include unrestricted demand deposits at highly rated financial institutions and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:630pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">highly liquid investments with original maturities of three months or less. The Company’s cash balances fluctuate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:642pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">throughout the year and may exceed Federal Deposit Insurance Corporation (“FDIC”) insured limits from time to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:654pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">time. Although the Company bears risk on amounts in excess of those insured by the FDIC, the Company believes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">the risk of loss is mitigated by the financial position, creditworthiness, and strength of the depository institutions in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:120.15pt">which those deposits are held.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:108pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:193.73pt">Cash Collateral Posted To/By Counterparties</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.92pt">The Company regularly pledges and receives amounts to cover margin requirements related to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">Company’s financing and derivative instruments. If the amount pledged to a counterparty exceeds the amount</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:147pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">received from a counterparty, the net amount is recorded as an asset within “cash collateral posted to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:159pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">counterparties,” and if the amount received from a counterparty exceeds the amount pledged to a counterparty, the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:171pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">net amount is recorded as a liability within “cash collateral posted by counterparties” on the Company’s</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:183pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:112.89pt">consolidated balance sheets.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:184.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:198pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.9pt">The following table provides a reconciliation of “cash” and “cash posted to counterparties” reported on the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:181.48pt">Company's consolidated balance sheet as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.48pt;position:var(--position);text-decoration:none;white-space:pre;width:81.48pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:334.96pt;position:var(--position);text-decoration:none;white-space:pre;width:204.93pt"> presented herein that sum to the total of the same</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:385.47pt">such amounts shown on the Company’s consolidated statement of cash flows for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.47pt;position:var(--position);text-decoration:none;white-space:pre;width:82.49pt">nine months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.22pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:246pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:375.75pt"></td><td style="padding:0;width:92.25pt"></td></tr><tr style="height:18pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:375.75pt"><div><div style="line-height:10pt;position:var(--position);top:7.41pt;width:375.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:7.58pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.34pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:18pt;width:375.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:375.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:18pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:48.04pt"></span></span><span style="left:55.67pt;position:var(--position)">993,008<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33pt;width:375.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:375.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash collateral posted to counterparties</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:33pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">834,736<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48pt;width:375.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:375.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total cash including cash posted to counterparties shown on consolidated statement of cash </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:375.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">flows</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:48pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:40.54pt"></span></span><span style="left:48.17pt;position:var(--position)">1,827,744<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:335.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Mortgage-Backed Securities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:192.69pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:353.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.86pt">The Company’s MBS are recorded at fair value on the Company’s consolidated balance sheet. Changes in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:365.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">fair value of MBS purchased prior to January 1, 2021 are designated as available-for-sale (“AFS”) with changes in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:377.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">fair value reported in other comprehensive income (“OCI”) as an unrealized gain (loss) until the security is sold or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:389.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">matures. Effective January 1, 2021, the Company elected the fair value option (“FVO”) for all MBS purchased on or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:401.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">after that date with changes in fair value reported in net income as “unrealized gain (loss) on investments, net” until</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:413.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">the security is sold or matures. Management elected the fair value option so that net income will reflect the changes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:425.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">in fair value for its future purchases of MBS in a manner consistent with the presentation and timing of the changes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:437.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:168.97pt">in fair value of its derivative instruments.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:240.97pt;position:var(--position);text-decoration:none;white-space:pre;width:298.93pt"> Upon the sale of an MBS, any unrealized gain or loss within OCI or net</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:449.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.85pt">income is reclassified to “realized gain (loss) on sale of investments, net” within net income using the specific</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:461.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:88.21pt">identification method.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:160.20999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:479.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:108pt;position:var(--position);text-decoration:underline;white-space:pre;width:262.21pt">Interest Income, Premium Amortization, and Discount Accretion.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:370.21pt;position:var(--position);text-decoration:none;white-space:pre;width:2.68pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:372.89pt;position:var(--position);text-decoration:none;white-space:pre;width:167pt">Interest income on MBS is accrued based</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:491.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.85pt">on the outstanding principal balance (or notional balance in the case of IO securities) and the contractual</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:503.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">terms. Premiums or discounts associated with the purchase of MBS are amortized or accreted into interest income</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:515.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">over the life of such securities using the effective interest method, and adjustments to premium amortization and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:527.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">discount accretion are made for actual cash payments received. On at least a quarterly basis, the Company reviews</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:539.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:415.35pt">and makes any necessary adjustments to its cash flows and updates the yield recognized on these assets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:557.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:108pt;position:var(--position);text-decoration:underline;white-space:pre;width:140.23pt">Determination of MBS Fair Value.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:248.23pt;position:var(--position);text-decoration:none;white-space:pre;width:2.8pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:251.03pt;position:var(--position);text-decoration:none;white-space:pre;width:288.82pt">The Company estimates the fair value of the majority of its MBS based</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:569.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:123.11pt">upon prices obtained from an </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.11pt;position:var(--position);text-decoration:none;white-space:pre;width:160.24pt">independent third-party pricing service.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:355.35pt;position:var(--position);text-decoration:none;white-space:pre;width:3.2pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:358.55pt;position:var(--position);text-decoration:none;white-space:pre;width:181.32pt">These prices are assessed for reasonableness</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:581.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:5pt">u</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:77pt;position:var(--position);text-decoration:none;white-space:pre;width:181.98pt">sing additional third-party pricing services.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:258.98pt;position:var(--position);text-decoration:none;white-space:pre;width:4.92pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.9pt;position:var(--position);text-decoration:none;white-space:pre;width:66.89pt">Please refer to </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:330.79pt;position:var(--position);text-decoration:underline;white-space:pre;width:29.34pt"><a href="#ibfd3ca21147f4107909e10438b264875_37" style="color:inherit;text-decoration:inherit;z-index:1">Note 6</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.13pt;position:var(--position);text-decoration:none;white-space:pre;width:179.86pt"> for further discussion of MBS fair value</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:593.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:59.64pt">measurements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:611.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:108pt;position:var(--position);text-decoration:underline;white-space:pre;width:117.5pt">Allowance for Credit Losses.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:225.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:228.5pt;position:var(--position);text-decoration:none;white-space:pre;width:311.47pt">On at least a quarterly basis, the Company evaluates any MBS designated as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:623.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">AFS with a fair value less than its amortized cost for credit losses. If the difference between the present value of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:635.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.82pt">cash flows expected to be collected on the MBS is less than its amortized cost, the difference is recorded as an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:647.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.83pt">allowance for credit loss through net income up to and not exceeding the amount that the amortized cost exceeds</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:659.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">current fair value. Subsequent changes in credit loss estimates are recognized in earnings in the period in which they</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:671.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">occur. Because the majority of the Company’s investments are higher credit quality and most are guaranteed by a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:683.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:24.49pt">GSE, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:96.49pt;position:var(--position);text-decoration:none;white-space:pre;width:443.48pt">the Company has not recorded an allowance for credit losses related to its MBS recorded on its consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:695.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:41.88pt">balance sh</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:113.88pt;position:var(--position);text-decoration:none;white-space:pre;width:14.13pt">eet.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.99pt">Interest accrued between payment dates on MBS is presented separately from the Company’s investment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">portfolio as “accrued interest receivable” on its consolidated balance sheet. The Company does not estimate an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">allowance for credit loss for its accrued interest receivable because the interest is generally received within 30 days</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:108pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:300.18pt">and amounts not received when due are written off against interest income.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:132pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Repurchase Agreement</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:172.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre">s</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:150pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.99pt">The Company’s repurchase agreements are used to finance its purchases of MBS. The Company pledges its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:162pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">securities as collateral to secure a loan, which is equal to a specified percentage of the estimated fair value of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:174pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">pledged collateral. The Company retains beneficial ownership of the pledged collateral. Pursuant to Accounting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:186pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">Standards Codification (“ASC”) Topic 860, the Company accounts for repurchase agreements as collateralized</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:198pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">financing transactions, which are carried at their contractual amounts (cost), plus accrued interest. The interest rates</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">the Company pays for these borrowings are based on a spread added to the Secured Overnight Financing Rate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">(“SOFR”). At the maturity of a repurchase agreement borrowing, the Company is required to repay the loan and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">concurrently receives back its pledged collateral from the lender, or, with the consent of the lender, the Company</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:246pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">may renew the agreement at the then prevailing financing rate. A repurchase agreement lender may require the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.85pt">Company to pledge additional collateral in the event of a decline in the fair value of the collateral</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:270pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">pledged. Repurchase agreement financing is recourse to the Company and the assets pledged. The repurchase</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:282pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:330.64pt">facilities available to the Company are uncommitted with no guarantee of renewal.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:306pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Derivative Instruments</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:324pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.9pt"> Derivative instruments are carried at fair value, and all periodic interest benefits/costs and changes in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:336pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">fair value of derivative instruments, including gains and losses realized upon termination, maturity, or settlement,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:348pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">are recorded in “gain (loss) on derivative instruments, net” on the Company’s consolidated statements of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:360pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">comprehensive income (loss). Cash receipts and payments related to derivative instruments are classified in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:372pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">investing activities section of the consolidated statements of cash flows in accordance with the underlying nature or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:384pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:152.32pt">purpose of the derivative transactions.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.32pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:402pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.96pt">The Company’s U.S. Treasury futures contracts are centrally cleared through the Chicago Mercantile</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:414pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">Exchange (“CME”), which requires the Company to post initial margin as determined by the CME. Daily variation</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:426pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.83pt">margin is exchanged, typically in cash, for the changes in the fair value of the futures contracts, which is treated as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:438pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">legal settlement of the exposure under the related futures contracts as opposed to a pledge of collateral. The effect of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:450pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">these legal settlements reduces what would have otherwise been reported as the fair value of the futures contracts,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:462pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">generally to $0. The margin requirement varies based on the market value of the open positions and the equity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:474pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:453.41pt">retained in the account. Any margin excess or deficit outstanding is recorded as a receivable or payable within “</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:525.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">due</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:486pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:89.22pt">from/to counterparties</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.22pt;position:var(--position);text-decoration:none;white-space:pre;width:378.75pt">” as of the date of the Company’s consolidated balance sheets. The Company realizes gains or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:498pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">losses on these contracts upon expiration at an amount equal to the difference between the current fair value of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:510pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:259.1pt">underlying asset and the contractual price of the futures contract.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.99pt">The Company’s interest rate swaps are pay-fixed, which involve the receipt of variable-rate amounts based</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:540pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">on SOFR from a counterparty in exchange for the Company making fixed-rate payments over the life of the interest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:552pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">rate swap without exchange of the underlying notional amount. The net periodic interest benefit (cost) is recorded in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:564pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">the period earned (incurred) in “gain (loss) on derivative instruments, net”, but the net receipt (payment) of cash is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">exchanged annually, typically on the anniversary of each agreement’s effective date. Similar to the Company’s U.S.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:588pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">Treasury futures, interest rate swap agreements are centrally cleared through the CME with requirements to post</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:600pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">initial margin and to exchange daily variation margin amounts, which are treated as legal settlements of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:612pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:419.81pt">agreements. Any margin excess or deficit outstanding is recorded as a receivable or payable within “</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:491.81pt;position:var(--position);text-decoration:none;white-space:pre;width:48.07pt">due from/to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:624pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:56.58pt">counterparties</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:128.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:249.41pt">” as of the date of the Company’s consolidated balance sheets.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:377.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:642pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.88pt">The Company’s interest rate swaptions are SOFR-based and provide the Company the right, but not the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:654pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">obligation, to enter into an interest rate swap at a predetermined notional amount with a stated term and pay and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:666pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">receive rates in the future. These agreements are entered into directly with a counterparty (a “bilateral contract”)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:678pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">with whom we may exchange margin collateral. Because these agreements are not centrally cleared, the Company</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:690pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">has exposure to counterparty risk. The Company records the premium it will pay for the swaption as a derivative</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:702pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">asset on its consolidated balance sheet and adjusts the balance for changes in fair value through “gain (loss) on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">derivative instruments” until the swaption is exercised or the contract expires. If the swaption expires unexercised,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:259.45pt">the realized loss is limited to the premium paid. If exercised, the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:331.45pt;position:var(--position);text-decoration:none;white-space:pre;width:80.26pt">realized gain or loss</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.71pt;position:var(--position);text-decoration:none;white-space:pre;width:128.14pt"> on the swaptions is equal to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:367.57pt">difference between the fair value of the underlying interest rate swap and the premium paid.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:114pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.83pt">The Company may also use options on U.S. Treasury futures, which are initially recorded at the price of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:126pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">premium paid at inception. Subsequent changes in fair value are recorded in “gain (loss) on derivative instruments”</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:138pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">until the option is exercised or the contract expires. If the option expires unexercised, the realized loss is limited to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:150pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:50.97pt">the premium</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.97pt;position:var(--position);text-decoration:none;white-space:pre;width:69.67pt"> paid at inception</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:192.64pt;position:var(--position);text-decoration:none;white-space:pre;width:347.2pt">. If exercised, the realized gain or loss on the option is equal to the difference between</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:162pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:350.44pt">the fair value of the underlying U.S. Treasury future and the premium paid at inception.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:422.44pt;position:var(--position);text-decoration:none;white-space:pre;width:5pt">  </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:180pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.97pt">The Company purchases to-be-announced (“TBA”) securities as a means of investing in non-specified</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:192pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">fixed-rate Agency RMBS and may also periodically sell TBA securities as a means of economically hedging its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">exposure to Agency RMBS. A TBA security is a forward contract (“TBA contract”) for the purchase (“long</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">position”) or sale (“short position”) of a non-specified Agency MBS at a predetermined price with certain principal</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:228pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">and interest terms and certain types of collateral, but the particular Agency securities to be delivered are not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:240pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">identified until shortly before the settlement date. The Company accounts for long and short positions in Agency</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:252pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:290.99pt">RMBS TBAs as derivative instruments in accordance with ASC 815 </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:362.99pt;position:var(--position);text-decoration:none;white-space:pre;width:25.61pt">when </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:388.6pt;position:var(--position);text-decoration:none;white-space:pre;width:151.36pt">the Company cannot assert that it is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:264pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">probable at inception and throughout the term of an individual TBA transaction that its settlement will result in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:276pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">physical delivery of the underlying Agency RMBS or that the individual TBA transaction will settle in the shortest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:288pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:83.52pt">time period possible.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:155.51999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:60.05pt">Please refer to </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.05pt;position:var(--position);text-decoration:underline;white-space:pre;width:27.06pt"><a href="#ibfd3ca21147f4107909e10438b264875_34" style="color:inherit;text-decoration:inherit;z-index:1">Note 5</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.11pt;position:var(--position);text-decoration:none;white-space:pre;width:344.76pt"> for additional information regarding the Company’s derivative instruments as well as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318pt;width:612pt"><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:underline;white-space:pre;width:26.92pt"><a href="#ibfd3ca21147f4107909e10438b264875_37" style="color:inherit;text-decoration:inherit;z-index:1">Note 6</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.92pt;position:var(--position);text-decoration:none;white-space:pre;width:288.83pt"> for information on how the fair value of these instruments is calculated.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:342pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:118pt">Share-Based Compensation</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:360pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:224.17pt">The Company’s 2025 Plan reserves for issuance up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:332.16999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:45pt">12,000,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:377.17pt;position:var(--position);text-decoration:none;white-space:pre;width:162.76pt"> common shares for eligible employees,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:372pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">non-employee directors, consultants, and advisors to the Company to be granted in the form of stock options,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:384pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">restricted stock, RSUs, stock appreciation rights, PSUs, and performance-based cash awards (collectively,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:396pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">“awards”). Awards previously granted under the 2020 Plan will remain outstanding and valid in accordance with</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:408pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:298.24pt">their terms, but no new awards will be granted under the 2020 Plan. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:370.24pt;position:var(--position);text-decoration:none;white-space:pre;width:80.28pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.52pt;position:var(--position);text-decoration:none;white-space:pre;width:49.46pt">, there were </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:499.98pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">9,455,437</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:420pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:279.69pt">common shares remaining available for issuance under the 2025 Plan.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:438pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:316.72pt">The Company has issued restricted stock and RSUs that remain outstanding,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:424.72pt;position:var(--position);text-decoration:none;white-space:pre;width:115.16pt"> which are treated as equity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:450pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">awards and recorded at their fair value using the closing stock price on the grant date. Compensation expense is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:462pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">generally recognized over a service period specified within each award with a corresponding credit to shareholders’</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:474pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">equity using the straight-line method until the vesting date specified within each award or until the employee</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:486pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">becomes eligible for retirement, if earlier than the vesting date. Compensation expense is recognized immediately</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:498pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:352.63pt">upon the grant date for equity awards granted to an employee who is retirement eligible.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:516pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:393.95pt">The Company also has issued PSUs that remain outstanding, which are treated  as equity awards</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:501.95pt;position:var(--position);text-decoration:none;white-space:pre;width:37.99pt">. The fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">value of PSUs that are subject to Company performance-based conditions is measured using the closing stock price</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:540pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">on the grant date multiplied by the number of units expected to vest based on an assessment of the probability of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:552pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:337.42pt">achievement of the Company performance-based conditions as of the grant dat</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.42pt;position:var(--position);text-decoration:none;white-space:pre;width:130.45pt">e. The grant date fair value is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:564pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">recognized as expense using the straight-line method until the earlier of the vesting date specified within each award</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">or the date the employee becomes eligible for retirement. Adjustments are made, if necessary, based on any change</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:588pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.83pt">in probability of achievement which is re-assessed as of each reporting date and on at least a quarterly basis. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:600pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:363.28pt">Company does not have any PSUs outstanding with market-based performance conditions.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:618pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.88pt">The Company does not estimate forfeitures for any of its share-based compensation awards but adjusts for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:630pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">actual forfeitures in the periods in which they occur. Because RSUs and PSUs have forfeitable DERs, which are paid</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:642pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">in cash only upon settlement, any accrued DERs on forfeited units are reversed with a corresponding credit to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:654pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:154.81pt">“Compensation and benefits” expense.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:672pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:43.26pt">Please see </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.26pt;position:var(--position);text-decoration:underline;white-space:pre;width:26.92pt"><a href="#ibfd3ca21147f4107909e10438b264875_40" style="color:inherit;text-decoration:inherit;z-index:1">Note 7</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.18pt;position:var(--position);text-decoration:none;white-space:pre;width:335.2pt"> for additional information about the Company’s share-based compensation awards.</span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:59.95pt">Contingencies</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:90pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:432pt">From time to time, the Company may be involved in various claims and legal actions arising in the ordinary</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:102pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:26.08pt">course</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.08pt;position:var(--position);text-decoration:none;white-space:pre;width:441.86pt"> of its business. In the opinion of management, the Company did not have any material pending lawsuits,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:114pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:143.99pt">claims, or other contingencies as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.99pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:296.21000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:13.33pt"> or </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:309.53999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:388.08pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:390.58pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:138pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:192.36pt">Recently Issued Accounting Pronouncements</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:156pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.9pt">The Company evaluates Accounting Standards Updates (“ASU”) issued by the Financial Accounting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:168pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">Standards Board on at least a quarterly basis to evaluate applicability and significance of any impact on its financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:180pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:189.7pt">condition and results of operations. There are </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:261.7pt;position:var(--position);text-decoration:none;white-space:pre;width:146.61pt">no new accounting pronouncements</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:408.31pt;position:var(--position);text-decoration:none;white-space:pre;width:3.36pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.67pt;position:var(--position);text-decoration:none;white-space:pre;width:128.27pt">which are not yet effective that</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:192pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:163.07pt">are expected to have a significant impact</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:235.07pt;position:var(--position);text-decoration:none;white-space:pre;width:225.87pt"> on our consolidated financial statements upon adoption.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Organization</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:114pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:12.22pt">Dy</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.22pt;position:var(--position);text-decoration:none;white-space:pre;width:419.73pt">nex Capital, Inc. (“Dynex” or the “Company”) is a real estate investment trust (“REIT”) structured to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:126pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:39.23pt">deliver di</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.22999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:428.66pt">vidends to shareholders supported by long-term returns from investments in mortgage assets backed by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:138pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:167.2pt">U.S. housing and commercial real estate. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:239.2pt;position:var(--position);text-decoration:none;white-space:pre;width:300.75pt">The Company’s common stock and preferred stock trade on the New York</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:150pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:437.07pt">Stock Exchange (“NYSE”). The Company’s common stock trades under the ticker symbol “DX,” and its </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:509.07pt;position:var(--position);text-decoration:none;white-space:pre;width:30.83pt">6.900%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:162pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:174pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:30.83pt">9.375%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:102.83pt;position:var(--position);text-decoration:none;white-space:pre;width:437.15pt"> Series D Fixed-Rate Cumulative Redeemable Preferred Stock (the “Series D Preferred Stock”) trade under</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:186pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:235.85pt">the ticker symbols “DXPRC” and “DXPRD,” respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.93pt">The Company is internally managed and primarily earns income from investing in residential and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">commercial mortgage-backed securities (“RMBS” and “CMBS”, respectively), which are backed by residential and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:228pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">commercial mortgage loans, and which are primarily Agency securities guaranteed by U.S. government-sponsored</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:240pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">enterprises (“GSEs”). The Company may also invest in other mortgage-related assets consistent with its objectives.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:252pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">Dynex actively manages interest rate, prepayment, spread, liquidity, and counterparty risks. The Dynex approach</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:264pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">emphasizes risk management and disciplined capital allocation designed to preserve book value and support</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:276pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:126.51pt">dividends across market cycles.</span></div> 0.06900 0.09375 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:89.37pt">Basis of Presentation</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.9pt">The accompanying unaudited consolidated financial statements of the Company and its subsidiaries</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:330pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">(together, “Dynex” or, as appropriate, the “Company”) have been prepared in accordance with U.S. generally</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:342pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:354pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">and Article 10, Rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">“SEC”). Accordingly, they do not include all of the information and notes required by GAAP for complete financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">statements. In the opinion of management, all significant adjustments, consisting of normal recurring accruals,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">considered necessary for a fair statement of results for the interim period have been included. All intercompany</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:402pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:375.7pt">accounts and transactions have been eliminated in consolidation. Operating results for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:447.7pt;position:var(--position);text-decoration:none;white-space:pre;width:92.21pt">three and nine months</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:414pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:23.86pt">ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:95.86pt;position:var(--position);text-decoration:none;white-space:pre;width:3.39pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99.25pt;position:var(--position);text-decoration:none;white-space:pre;width:82pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.25pt;position:var(--position);text-decoration:none;white-space:pre;width:358.71pt"> are not necessarily indicative of the results that may be expected for any other interim</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:426pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">periods or for the entire year ending December 31, 2026. The unaudited consolidated financial statements included</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:438pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">herein should be read in conjunction with the audited financial statements and notes thereto included in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:450pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:48.78pt">Company’s </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.78pt;position:var(--position);text-decoration:underline;white-space:pre;width:276.97pt"><a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0000826675/000082667526000017/dx-20251231.htm" style="color:inherit;text-decoration:inherit;z-index:1">Annual Report on Form 10-K for the year ended December 31, 2025</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.75pt;position:var(--position);text-decoration:none;white-space:pre;width:142.19pt"> (the “2025 Form 10-K”) filed with</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div>the SEC. <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Use of Estimates</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:504pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.95pt">The preparation of financial statements in conformity with GAAP requires management to make estimates</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:516pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">liabilities at the date of the financial statements as well as the reported amounts of revenue and expenses during the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:540pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">reported period. Actual results could differ from those estimates. The most significant estimate used by management</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:552pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">relates to the fair value measurement of its investments, including TBA securities accounted for as derivative</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:564pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">instruments, which is discussed further below within this note to the consolidated financial statements. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">Company believes the estimates and assumptions underlying the consolidated financial statements included herein</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:288.25pt">are reasonable and supportable based on the information available as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.25pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:188.76pt">Consolidation and Variable Interest Entities</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:630pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.97pt">The consolidated financial statements include the accounts of the Company and the accounts of its majority</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:642pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:412.56pt">owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:484.56pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:660pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:162.17pt">The Company did not consolidate any </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:270.16999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:165.41pt">variable interest entities (“VIEs”) as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:435.58pt;position:var(--position);text-decoration:none;white-space:pre;width:82.66pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:518.24pt;position:var(--position);text-decoration:none;white-space:pre;width:21.75pt">. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:672pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">Company consolidates a VIE if the Company is determined to be the VIE’s primary beneficiary, which is defined as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:684pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">the party that has both (i) the power to control the activities that most significantly impact the VIE’s financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:696pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">performance; and (ii) the right to receive benefits or absorb losses that could potentially be significant to the VIE.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:708pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">The Company reconsiders its evaluation of whether to consolidate a VIE on an ongoing basis, based on changes in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">the facts and circumstances pertaining to the VIE. Though the Company invests in Agency and non-Agency MBS</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">which are generally considered to be interests in VIEs, the Company does not consolidate these entities because it</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">does not meet the criteria to be deemed the primary beneficiary. The maximum exposure to loss for these VIEs is the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:108pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:109.06pt">carrying value of the MBS.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Income Taxes</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:150pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.97pt">The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986 (the “Tax Code”)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:162pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">and the corresponding provisions of state law. To qualify as a REIT, the Company must meet certain asset, income,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:174pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">ownership, and distribution tests. To meet these requirements, the Company’s main source of income is interest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:186pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">earned from obligations secured by mortgages on real property, and the Company must distribute at least 90% of its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:198pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">annual REIT taxable income to shareholders. The Company’s income will generally not be subject to federal income</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:280.24pt">tax to the extent its income is distributed as dividends to shareholders.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.95pt">The Company assesses its tax positions for all open tax years and determines whether the Company has any</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:246pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">material unrecognized liabilities and records these liabilities, if any, to the extent they are deemed more likely than</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:104.05pt">not to have been incurred.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:164.6pt">Net Income (Loss) Per Common Share</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:300pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.97pt">The Company calculates basic net income (loss) per common share by dividing net income (loss) to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:312pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">common shareholders for the period by weighted-average shares of common stock outstanding for that period.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:324pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:43.44pt">Please see </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.44pt;position:var(--position);text-decoration:underline;white-space:pre;width:27.01pt"><a href="#ibfd3ca21147f4107909e10438b264875_25" style="color:inherit;text-decoration:inherit;z-index:1">Note 2</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:142.45pt;position:var(--position);text-decoration:none;white-space:pre;width:397.47pt"> for the calculation of the Company’s basic and diluted net income (loss) per common share for the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:336pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:71.02pt">periods indicated.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:354pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.99pt">The Company currently has restricted stock, service-based restricted stock units (“RSUs”) and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">performance-based stock units (“PSUs”) issued and outstanding. Restricted stock awards issued under the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">Company’s 2020 Stock and Incentive Plan (the “2020 Plan”) are considered participating securities and therefore are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">included in the computation of basic net income per common share using the two-class method because holders of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:402pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:378.6pt">unvested shares of restricted stock issued are eligible to receive non-forfeitable dividends. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.6pt;position:var(--position);text-decoration:none;white-space:pre;width:89.37pt">Holders of RSUs and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:414pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">PSUs issued under the 2020 Plan as well as the Company’s 2025 Stock and Incentive Plan (the “2025 Plan”) accrue</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:426pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">forfeitable dividend equivalent rights ("DERs") over the period outstanding, receiving dividend payments only upon</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:438pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">the settlement date if the requisite service-based and performance-based conditions have been achieved, as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:450pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:46.34pt">applicable. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.34pt;position:var(--position);text-decoration:none;white-space:pre;width:421.54pt">As such, RSUs and PSUs are excluded from the computation of basic net income per common share but</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:462pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:296.7pt">are included in the computation of diluted net income per common share </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:368.7pt;position:var(--position);text-decoration:none;white-space:pre;width:123.34pt">using the treasury stock metho</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:492.04pt;position:var(--position);text-decoration:none;white-space:pre;width:47.8pt">d unless the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:474pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">effect is to reduce a net loss or increase the net income per common share (also known as “anti-dilutive”). Upon</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:486pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">vesting, restrictions on transfer expire on each share of restricted stock, RSU, and PSU, and each such share or unit</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:498pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">becomes one unrestricted share of common stock and is included in the computation of basic net income per</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:510pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:61.05pt">common share.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:133.05pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:432pt">Because the Company’s Series C Preferred Stock and Series D Preferred Stock are redeemable at the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:540pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">Company’s option for cash only and convertible into shares of common stock only upon a change of control of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:552pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">Company (and subject to other circumstances) as described in Articles IIIC and IIID of the Company’s Restated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:564pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">Articles of Incorporation, as amended, the effect of those shares and their related dividends is excluded from the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:311.84pt">calculation of diluted net income per common share for the periods presented.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:117.49pt">Cash and Cash Equivalents</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:618pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.97pt">Cash and cash equivalents include unrestricted demand deposits at highly rated financial institutions and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:630pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">highly liquid investments with original maturities of three months or less. The Company’s cash balances fluctuate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:642pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">throughout the year and may exceed Federal Deposit Insurance Corporation (“FDIC”) insured limits from time to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:654pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">time. Although the Company bears risk on amounts in excess of those insured by the FDIC, the Company believes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">the risk of loss is mitigated by the financial position, creditworthiness, and strength of the depository institutions in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:120.15pt">which those deposits are held.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:193.73pt">Cash Collateral Posted To/By Counterparties</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:123pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.92pt">The Company regularly pledges and receives amounts to cover margin requirements related to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">Company’s financing and derivative instruments. If the amount pledged to a counterparty exceeds the amount</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:147pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">received from a counterparty, the net amount is recorded as an asset within “cash collateral posted to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:159pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">counterparties,” and if the amount received from a counterparty exceeds the amount pledged to a counterparty, the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:171pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">net amount is recorded as a liability within “cash collateral posted by counterparties” on the Company’s</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:183pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:112.89pt">consolidated balance sheets.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:184.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:198pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.9pt">The following table provides a reconciliation of “cash” and “cash posted to counterparties” reported on the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:181.48pt">Company's consolidated balance sheet as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.48pt;position:var(--position);text-decoration:none;white-space:pre;width:81.48pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:334.96pt;position:var(--position);text-decoration:none;white-space:pre;width:204.93pt"> presented herein that sum to the total of the same</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:385.47pt">such amounts shown on the Company’s consolidated statement of cash flows for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.47pt;position:var(--position);text-decoration:none;white-space:pre;width:82.49pt">nine months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.22pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:246pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:375.75pt"></td><td style="padding:0;width:92.25pt"></td></tr><tr style="height:18pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:375.75pt"><div><div style="line-height:10pt;position:var(--position);top:7.41pt;width:375.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:7.58pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.34pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:18pt;width:375.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:375.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:18pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:48.04pt"></span></span><span style="left:55.67pt;position:var(--position)">993,008<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33pt;width:375.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:375.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash collateral posted to counterparties</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:33pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">834,736<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48pt;width:375.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:375.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total cash including cash posted to counterparties shown on consolidated statement of cash </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:375.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">flows</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:48pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:40.54pt"></span></span><span style="left:48.17pt;position:var(--position)">1,827,744<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.9pt">The following table provides a reconciliation of “cash” and “cash posted to counterparties” reported on the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:181.48pt">Company's consolidated balance sheet as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.48pt;position:var(--position);text-decoration:none;white-space:pre;width:81.48pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:334.96pt;position:var(--position);text-decoration:none;white-space:pre;width:204.93pt"> presented herein that sum to the total of the same</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:385.47pt">such amounts shown on the Company’s consolidated statement of cash flows for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.47pt;position:var(--position);text-decoration:none;white-space:pre;width:82.49pt">nine months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.22pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:246pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:375.75pt"></td><td style="padding:0;width:92.25pt"></td></tr><tr style="height:18pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:375.75pt"><div><div style="line-height:10pt;position:var(--position);top:7.41pt;width:375.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:7.58pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.34pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:18pt;width:375.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:375.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:18pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:48.04pt"></span></span><span style="left:55.67pt;position:var(--position)">993,008<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33pt;width:375.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:375.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash collateral posted to counterparties</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:33pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">834,736<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48pt;width:375.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:375.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total cash including cash posted to counterparties shown on consolidated statement of cash </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:375.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">flows</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:48pt;width:92.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:92.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:40.54pt"></span></span><span style="left:48.17pt;position:var(--position)">1,827,744<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 993008000 834736000 1827744000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Mortgage-Backed Securities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:192.69pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:353.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.86pt">The Company’s MBS are recorded at fair value on the Company’s consolidated balance sheet. Changes in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:365.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">fair value of MBS purchased prior to January 1, 2021 are designated as available-for-sale (“AFS”) with changes in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:377.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">fair value reported in other comprehensive income (“OCI”) as an unrealized gain (loss) until the security is sold or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:389.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">matures. Effective January 1, 2021, the Company elected the fair value option (“FVO”) for all MBS purchased on or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:401.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">after that date with changes in fair value reported in net income as “unrealized gain (loss) on investments, net” until</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:413.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">the security is sold or matures. Management elected the fair value option so that net income will reflect the changes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:425.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">in fair value for its future purchases of MBS in a manner consistent with the presentation and timing of the changes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:437.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:168.97pt">in fair value of its derivative instruments.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:240.97pt;position:var(--position);text-decoration:none;white-space:pre;width:298.93pt"> Upon the sale of an MBS, any unrealized gain or loss within OCI or net</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:449.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.85pt">income is reclassified to “realized gain (loss) on sale of investments, net” within net income using the specific</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:461.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:88.21pt">identification method.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:160.20999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:479.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:108pt;position:var(--position);text-decoration:underline;white-space:pre;width:262.21pt">Interest Income, Premium Amortization, and Discount Accretion.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:370.21pt;position:var(--position);text-decoration:none;white-space:pre;width:2.68pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:372.89pt;position:var(--position);text-decoration:none;white-space:pre;width:167pt">Interest income on MBS is accrued based</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:491.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.85pt">on the outstanding principal balance (or notional balance in the case of IO securities) and the contractual</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:503.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">terms. Premiums or discounts associated with the purchase of MBS are amortized or accreted into interest income</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:515.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">over the life of such securities using the effective interest method, and adjustments to premium amortization and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:527.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">discount accretion are made for actual cash payments received. On at least a quarterly basis, the Company reviews</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:539.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:415.35pt">and makes any necessary adjustments to its cash flows and updates the yield recognized on these assets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:557.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:108pt;position:var(--position);text-decoration:underline;white-space:pre;width:140.23pt">Determination of MBS Fair Value.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:248.23pt;position:var(--position);text-decoration:none;white-space:pre;width:2.8pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:251.03pt;position:var(--position);text-decoration:none;white-space:pre;width:288.82pt">The Company estimates the fair value of the majority of its MBS based</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:569.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:123.11pt">upon prices obtained from an </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.11pt;position:var(--position);text-decoration:none;white-space:pre;width:160.24pt">independent third-party pricing service.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:355.35pt;position:var(--position);text-decoration:none;white-space:pre;width:3.2pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:358.55pt;position:var(--position);text-decoration:none;white-space:pre;width:181.32pt">These prices are assessed for reasonableness</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:581.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:5pt">u</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:77pt;position:var(--position);text-decoration:none;white-space:pre;width:181.98pt">sing additional third-party pricing services.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:258.98pt;position:var(--position);text-decoration:none;white-space:pre;width:4.92pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.9pt;position:var(--position);text-decoration:none;white-space:pre;width:66.89pt">Please refer to </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:330.79pt;position:var(--position);text-decoration:underline;white-space:pre;width:29.34pt"><a href="#ibfd3ca21147f4107909e10438b264875_37" style="color:inherit;text-decoration:inherit;z-index:1">Note 6</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.13pt;position:var(--position);text-decoration:none;white-space:pre;width:179.86pt"> for further discussion of MBS fair value</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:593.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:59.64pt">measurements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:611.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:108pt;position:var(--position);text-decoration:underline;white-space:pre;width:117.5pt">Allowance for Credit Losses.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:225.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:228.5pt;position:var(--position);text-decoration:none;white-space:pre;width:311.47pt">On at least a quarterly basis, the Company evaluates any MBS designated as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:623.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">AFS with a fair value less than its amortized cost for credit losses. If the difference between the present value of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:635.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.82pt">cash flows expected to be collected on the MBS is less than its amortized cost, the difference is recorded as an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:647.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.83pt">allowance for credit loss through net income up to and not exceeding the amount that the amortized cost exceeds</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:659.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">current fair value. Subsequent changes in credit loss estimates are recognized in earnings in the period in which they</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:671.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">occur. Because the majority of the Company’s investments are higher credit quality and most are guaranteed by a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:683.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:24.49pt">GSE, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:96.49pt;position:var(--position);text-decoration:none;white-space:pre;width:443.48pt">the Company has not recorded an allowance for credit losses related to its MBS recorded on its consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:695.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:41.88pt">balance sh</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:113.88pt;position:var(--position);text-decoration:none;white-space:pre;width:14.13pt">eet.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.99pt">Interest accrued between payment dates on MBS is presented separately from the Company’s investment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">portfolio as “accrued interest receivable” on its consolidated balance sheet. The Company does not estimate an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">allowance for credit loss for its accrued interest receivable because the interest is generally received within 30 days</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:108pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:300.18pt">and amounts not received when due are written off against interest income.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Repurchase Agreement</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:172.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre">s</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:150pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.99pt">The Company’s repurchase agreements are used to finance its purchases of MBS. The Company pledges its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:162pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">securities as collateral to secure a loan, which is equal to a specified percentage of the estimated fair value of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:174pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">pledged collateral. The Company retains beneficial ownership of the pledged collateral. Pursuant to Accounting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:186pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">Standards Codification (“ASC”) Topic 860, the Company accounts for repurchase agreements as collateralized</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:198pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">financing transactions, which are carried at their contractual amounts (cost), plus accrued interest. The interest rates</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">the Company pays for these borrowings are based on a spread added to the Secured Overnight Financing Rate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">(“SOFR”). At the maturity of a repurchase agreement borrowing, the Company is required to repay the loan and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">concurrently receives back its pledged collateral from the lender, or, with the consent of the lender, the Company</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:246pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">may renew the agreement at the then prevailing financing rate. A repurchase agreement lender may require the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.85pt">Company to pledge additional collateral in the event of a decline in the fair value of the collateral</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:270pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">pledged. Repurchase agreement financing is recourse to the Company and the assets pledged. The repurchase</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:282pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:330.64pt">facilities available to the Company are uncommitted with no guarantee of renewal.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Derivative Instruments</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:324pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.9pt"> Derivative instruments are carried at fair value, and all periodic interest benefits/costs and changes in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:336pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">fair value of derivative instruments, including gains and losses realized upon termination, maturity, or settlement,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:348pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">are recorded in “gain (loss) on derivative instruments, net” on the Company’s consolidated statements of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:360pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">comprehensive income (loss). Cash receipts and payments related to derivative instruments are classified in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:372pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.88pt">investing activities section of the consolidated statements of cash flows in accordance with the underlying nature or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:384pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:152.32pt">purpose of the derivative transactions.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.32pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:402pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.96pt">The Company’s U.S. Treasury futures contracts are centrally cleared through the Chicago Mercantile</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:414pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">Exchange (“CME”), which requires the Company to post initial margin as determined by the CME. Daily variation</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:426pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.83pt">margin is exchanged, typically in cash, for the changes in the fair value of the futures contracts, which is treated as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:438pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">legal settlement of the exposure under the related futures contracts as opposed to a pledge of collateral. The effect of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:450pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">these legal settlements reduces what would have otherwise been reported as the fair value of the futures contracts,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:462pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">generally to $0. The margin requirement varies based on the market value of the open positions and the equity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:474pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:453.41pt">retained in the account. Any margin excess or deficit outstanding is recorded as a receivable or payable within “</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:525.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">due</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:486pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:89.22pt">from/to counterparties</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.22pt;position:var(--position);text-decoration:none;white-space:pre;width:378.75pt">” as of the date of the Company’s consolidated balance sheets. The Company realizes gains or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:498pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">losses on these contracts upon expiration at an amount equal to the difference between the current fair value of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:510pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:259.1pt">underlying asset and the contractual price of the futures contract.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.99pt">The Company’s interest rate swaps are pay-fixed, which involve the receipt of variable-rate amounts based</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:540pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">on SOFR from a counterparty in exchange for the Company making fixed-rate payments over the life of the interest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:552pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">rate swap without exchange of the underlying notional amount. The net periodic interest benefit (cost) is recorded in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:564pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">the period earned (incurred) in “gain (loss) on derivative instruments, net”, but the net receipt (payment) of cash is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">exchanged annually, typically on the anniversary of each agreement’s effective date. Similar to the Company’s U.S.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:588pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">Treasury futures, interest rate swap agreements are centrally cleared through the CME with requirements to post</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:600pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">initial margin and to exchange daily variation margin amounts, which are treated as legal settlements of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:612pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:419.81pt">agreements. Any margin excess or deficit outstanding is recorded as a receivable or payable within “</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:491.81pt;position:var(--position);text-decoration:none;white-space:pre;width:48.07pt">due from/to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:624pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:56.58pt">counterparties</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:128.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:249.41pt">” as of the date of the Company’s consolidated balance sheets.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:377.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:642pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.88pt">The Company’s interest rate swaptions are SOFR-based and provide the Company the right, but not the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:654pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">obligation, to enter into an interest rate swap at a predetermined notional amount with a stated term and pay and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:666pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">receive rates in the future. These agreements are entered into directly with a counterparty (a “bilateral contract”)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:678pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">with whom we may exchange margin collateral. Because these agreements are not centrally cleared, the Company</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:690pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">has exposure to counterparty risk. The Company records the premium it will pay for the swaption as a derivative</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:702pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">asset on its consolidated balance sheet and adjusts the balance for changes in fair value through “gain (loss) on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">derivative instruments” until the swaption is exercised or the contract expires. If the swaption expires unexercised,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:259.45pt">the realized loss is limited to the premium paid. If exercised, the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:331.45pt;position:var(--position);text-decoration:none;white-space:pre;width:80.26pt">realized gain or loss</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.71pt;position:var(--position);text-decoration:none;white-space:pre;width:128.14pt"> on the swaptions is equal to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:367.57pt">difference between the fair value of the underlying interest rate swap and the premium paid.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:114pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.83pt">The Company may also use options on U.S. Treasury futures, which are initially recorded at the price of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:126pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">premium paid at inception. Subsequent changes in fair value are recorded in “gain (loss) on derivative instruments”</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:138pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">until the option is exercised or the contract expires. If the option expires unexercised, the realized loss is limited to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:150pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:50.97pt">the premium</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.97pt;position:var(--position);text-decoration:none;white-space:pre;width:69.67pt"> paid at inception</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:192.64pt;position:var(--position);text-decoration:none;white-space:pre;width:347.2pt">. If exercised, the realized gain or loss on the option is equal to the difference between</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:162pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:350.44pt">the fair value of the underlying U.S. Treasury future and the premium paid at inception.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:422.44pt;position:var(--position);text-decoration:none;white-space:pre;width:5pt">  </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:180pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.97pt">The Company purchases to-be-announced (“TBA”) securities as a means of investing in non-specified</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:192pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">fixed-rate Agency RMBS and may also periodically sell TBA securities as a means of economically hedging its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">exposure to Agency RMBS. A TBA security is a forward contract (“TBA contract”) for the purchase (“long</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">position”) or sale (“short position”) of a non-specified Agency MBS at a predetermined price with certain principal</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:228pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">and interest terms and certain types of collateral, but the particular Agency securities to be delivered are not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:240pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">identified until shortly before the settlement date. The Company accounts for long and short positions in Agency</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:252pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:290.99pt">RMBS TBAs as derivative instruments in accordance with ASC 815 </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:362.99pt;position:var(--position);text-decoration:none;white-space:pre;width:25.61pt">when </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:388.6pt;position:var(--position);text-decoration:none;white-space:pre;width:151.36pt">the Company cannot assert that it is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:264pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">probable at inception and throughout the term of an individual TBA transaction that its settlement will result in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:276pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">physical delivery of the underlying Agency RMBS or that the individual TBA transaction will settle in the shortest</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:288pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:83.52pt">time period possible.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:155.51999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:60.05pt">Please refer to </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.05pt;position:var(--position);text-decoration:underline;white-space:pre;width:27.06pt"><a href="#ibfd3ca21147f4107909e10438b264875_34" style="color:inherit;text-decoration:inherit;z-index:1">Note 5</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.11pt;position:var(--position);text-decoration:none;white-space:pre;width:344.76pt"> for additional information regarding the Company’s derivative instruments as well as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318pt;width:612pt"><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:underline;white-space:pre;width:26.92pt"><a href="#ibfd3ca21147f4107909e10438b264875_37" style="color:inherit;text-decoration:inherit;z-index:1">Note 6</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.92pt;position:var(--position);text-decoration:none;white-space:pre;width:288.83pt"> for information on how the fair value of these instruments is calculated.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:118pt">Share-Based Compensation</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:360pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:224.17pt">The Company’s 2025 Plan reserves for issuance up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:332.16999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:45pt">12,000,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:377.17pt;position:var(--position);text-decoration:none;white-space:pre;width:162.76pt"> common shares for eligible employees,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:372pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">non-employee directors, consultants, and advisors to the Company to be granted in the form of stock options,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:384pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">restricted stock, RSUs, stock appreciation rights, PSUs, and performance-based cash awards (collectively,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:396pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">“awards”). Awards previously granted under the 2020 Plan will remain outstanding and valid in accordance with</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:408pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:298.24pt">their terms, but no new awards will be granted under the 2020 Plan. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:370.24pt;position:var(--position);text-decoration:none;white-space:pre;width:80.28pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.52pt;position:var(--position);text-decoration:none;white-space:pre;width:49.46pt">, there were </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:499.98pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">9,455,437</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:420pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:279.69pt">common shares remaining available for issuance under the 2025 Plan.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:438pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:316.72pt">The Company has issued restricted stock and RSUs that remain outstanding,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:424.72pt;position:var(--position);text-decoration:none;white-space:pre;width:115.16pt"> which are treated as equity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:450pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">awards and recorded at their fair value using the closing stock price on the grant date. Compensation expense is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:462pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">generally recognized over a service period specified within each award with a corresponding credit to shareholders’</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:474pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">equity using the straight-line method until the vesting date specified within each award or until the employee</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:486pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">becomes eligible for retirement, if earlier than the vesting date. Compensation expense is recognized immediately</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:498pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:352.63pt">upon the grant date for equity awards granted to an employee who is retirement eligible.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:516pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:393.95pt">The Company also has issued PSUs that remain outstanding, which are treated  as equity awards</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:501.95pt;position:var(--position);text-decoration:none;white-space:pre;width:37.99pt">. The fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:528pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">value of PSUs that are subject to Company performance-based conditions is measured using the closing stock price</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:540pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">on the grant date multiplied by the number of units expected to vest based on an assessment of the probability of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:552pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:337.42pt">achievement of the Company performance-based conditions as of the grant dat</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.42pt;position:var(--position);text-decoration:none;white-space:pre;width:130.45pt">e. The grant date fair value is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:564pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">recognized as expense using the straight-line method until the earlier of the vesting date specified within each award</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">or the date the employee becomes eligible for retirement. Adjustments are made, if necessary, based on any change</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:588pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.83pt">in probability of achievement which is re-assessed as of each reporting date and on at least a quarterly basis. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:600pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:363.28pt">Company does not have any PSUs outstanding with market-based performance conditions.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:618pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.88pt">The Company does not estimate forfeitures for any of its share-based compensation awards but adjusts for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:630pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">actual forfeitures in the periods in which they occur. Because RSUs and PSUs have forfeitable DERs, which are paid</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:642pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">in cash only upon settlement, any accrued DERs on forfeited units are reversed with a corresponding credit to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:654pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:154.81pt">“Compensation and benefits” expense.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:672pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:43.26pt">Please see </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.26pt;position:var(--position);text-decoration:underline;white-space:pre;width:26.92pt"><a href="#ibfd3ca21147f4107909e10438b264875_40" style="color:inherit;text-decoration:inherit;z-index:1">Note 7</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.18pt;position:var(--position);text-decoration:none;white-space:pre;width:335.2pt"> for additional information about the Company’s share-based compensation awards.</span></div> 12000000 9455437 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:59.95pt">Contingencies</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:90pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:432pt">From time to time, the Company may be involved in various claims and legal actions arising in the ordinary</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:102pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:26.08pt">course</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.08pt;position:var(--position);text-decoration:none;white-space:pre;width:441.86pt"> of its business. In the opinion of management, the Company did not have any material pending lawsuits,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:143.99pt">claims, or other contingencies as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.99pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:296.21000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:13.33pt"> or </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:309.53999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:388.08pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:192.36pt">Recently Issued Accounting Pronouncements</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:156pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.9pt">The Company evaluates Accounting Standards Updates (“ASU”) issued by the Financial Accounting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:168pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">Standards Board on at least a quarterly basis to evaluate applicability and significance of any impact on its financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:180pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:189.7pt">condition and results of operations. There are </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:261.7pt;position:var(--position);text-decoration:none;white-space:pre;width:146.61pt">no new accounting pronouncements</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:408.31pt;position:var(--position);text-decoration:none;white-space:pre;width:3.36pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.67pt;position:var(--position);text-decoration:none;white-space:pre;width:128.27pt">which are not yet effective that</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:192pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:163.07pt">are expected to have a significant impact</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:235.07pt;position:var(--position);text-decoration:none;white-space:pre;width:225.87pt"> on our consolidated financial statements upon adoption.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:117.81pt;position:var(--position);text-decoration:none;white-space:pre;width:210.69pt">NET INCOME (LOSS) PER COMMON SHARE</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:241.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:61.76pt">Please refer to </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.76pt;position:var(--position);text-decoration:underline;white-space:pre;width:27.63pt"><a href="#ibfd3ca21147f4107909e10438b264875_22" style="color:inherit;text-decoration:inherit;z-index:1">Note 1</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:197.39pt;position:var(--position);text-decoration:none;white-space:pre;width:342.6pt"> for information regarding the Company’s treatment of its preferred stock and stock</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:253.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:376.71pt">awards in the calculation of its basic and diluted net income or loss per common share and to </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:448.71pt;position:var(--position);text-decoration:underline;white-space:pre;width:27.07pt"><a href="#ibfd3ca21147f4107909e10438b264875_40" style="color:inherit;text-decoration:inherit;z-index:1">Note 7</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:475.78pt;position:var(--position);text-decoration:none;white-space:pre;width:64.13pt"> for information</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:265.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:325.47pt">regarding the Company’s stock award activity for the periods presented. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.47pt;position:var(--position);text-decoration:none;white-space:pre;width:142.49pt">The following table presents the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:277.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:389.29pt">computations of basic and diluted net income or loss per common share for the periods indicated:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:289.2pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:218.25pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.97pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);width:123.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:123.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:19.11pt;position:var(--position);text-decoration:none;white-space:pre">Nine Months Ended</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:14.25pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:30.97pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:14.25pt;width:123.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:123.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.34pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:218.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:28.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:28.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:28.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:20.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:28.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of common shares </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">outstanding - basic</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:43.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.37pt;position:var(--position);text-decoration:none;white-space:pre">251,842,414</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:43.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.37pt;position:var(--position);text-decoration:none;white-space:pre">135,952,339</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:43.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.12pt;position:var(--position);text-decoration:none;white-space:pre">224,905,226</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:43.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.37pt;position:var(--position);text-decoration:none;white-space:pre">113,373,853</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Incremental common shares-unvested RSUs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:68.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:47.37pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:68.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.87pt;position:var(--position);text-decoration:none;white-space:pre">274,356</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:68.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:48.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:68.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.87pt;position:var(--position);text-decoration:none;white-space:pre">226,232</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Incremental common shares-unvested PSUs</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:47.37pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.87pt;position:var(--position);text-decoration:none;white-space:pre">701,290</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:83.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:48.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.87pt;position:var(--position);text-decoration:none;white-space:pre">602,317</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of common shares </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">outstanding - diluted</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.37pt;position:var(--position);text-decoration:none;white-space:pre">251,842,414</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.37pt;position:var(--position);text-decoration:none;white-space:pre">136,927,985</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:98.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.12pt;position:var(--position);text-decoration:none;white-space:pre">224,905,226</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.37pt;position:var(--position);text-decoration:none;white-space:pre">114,202,402</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138.75pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net (loss) income to common shareholders</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:138.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.46pt"></span></span><span style="left:20.09pt;position:var(--position)">(338,305)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:138.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">147,561<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:138.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.21pt"></span></span><span style="left:20.84pt;position:var(--position)">(243,182)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:138.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">126,276<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:153.75pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net (loss) income per common share-basic</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:153.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:27.46pt"></span></span><span style="left:35.09pt;position:var(--position)">(1.34)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:153.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">1.09<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:153.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.21pt"></span></span><span style="left:35.84pt;position:var(--position)">(1.08)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:153.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">1.11<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:168.75pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net (loss) income per common share-diluted</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:168.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:27.46pt"></span></span><span style="left:35.09pt;position:var(--position)">(1.34)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:168.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">1.08<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:168.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.21pt"></span></span><span style="left:35.84pt;position:var(--position)">(1.08)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:168.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">1.11<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:495.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:292.98pt">The calculation of diluted net loss per common share for the three and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:400.98pt;position:var(--position);text-decoration:none;white-space:pre;width:77.07pt">nine months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.05pt;position:var(--position);text-decoration:none;white-space:pre;width:61.8pt"> September 30,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:507.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:184.97pt">2026 excludes unvested RSUs and PSUs of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:256.97pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">1,110,881</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:296.97pt;position:var(--position);text-decoration:none;white-space:pre;width:21.91pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:318.88pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">1,041,255</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:358.88pt;position:var(--position);text-decoration:none;white-space:pre;width:181.12pt">, respectively, which would have been anti-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:519.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:102.68pt">dilutive for those periods.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.47pt;position:var(--position);text-decoration:none;white-space:pre;width:142.49pt">The following table presents the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:277.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:389.29pt">computations of basic and diluted net income or loss per common share for the periods indicated:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:289.2pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:218.25pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.97pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);width:123.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:123.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:19.11pt;position:var(--position);text-decoration:none;white-space:pre">Nine Months Ended</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:14.25pt;width:123pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:123pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:30.97pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:14.25pt;width:123.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:123.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:31.34pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:218.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:28.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:28.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:28.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:20.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:28.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:20pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of common shares </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">outstanding - basic</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:43.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.37pt;position:var(--position);text-decoration:none;white-space:pre">251,842,414</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:43.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.37pt;position:var(--position);text-decoration:none;white-space:pre">135,952,339</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:43.5pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.12pt;position:var(--position);text-decoration:none;white-space:pre">224,905,226</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:43.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.37pt;position:var(--position);text-decoration:none;white-space:pre">113,373,853</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Incremental common shares-unvested RSUs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:68.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:47.37pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:68.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.87pt;position:var(--position);text-decoration:none;white-space:pre">274,356</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:68.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:48.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:68.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.87pt;position:var(--position);text-decoration:none;white-space:pre">226,232</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Incremental common shares-unvested PSUs</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:47.37pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.87pt;position:var(--position);text-decoration:none;white-space:pre">701,290</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:83.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:48.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:24.87pt;position:var(--position);text-decoration:none;white-space:pre">602,317</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of common shares </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">outstanding - diluted</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.37pt;position:var(--position);text-decoration:none;white-space:pre">251,842,414</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.37pt;position:var(--position);text-decoration:none;white-space:pre">136,927,985</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:98.25pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.12pt;position:var(--position);text-decoration:none;white-space:pre">224,905,226</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:98.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.37pt;position:var(--position);text-decoration:none;white-space:pre">114,202,402</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138.75pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net (loss) income to common shareholders</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:138.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.46pt"></span></span><span style="left:20.09pt;position:var(--position)">(338,305)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:138.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">147,561<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:138.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.21pt"></span></span><span style="left:20.84pt;position:var(--position)">(243,182)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:138.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">126,276<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:153.75pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net (loss) income per common share-basic</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:153.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:27.46pt"></span></span><span style="left:35.09pt;position:var(--position)">(1.34)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:153.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">1.09<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:153.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.21pt"></span></span><span style="left:35.84pt;position:var(--position)">(1.08)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:153.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">1.11<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:168.75pt;width:218.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:218.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net (loss) income per common share-diluted</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:218.25pt;position:var(--position);top:168.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:27.46pt"></span></span><span style="left:35.09pt;position:var(--position)">(1.34)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:281.25pt;position:var(--position);top:168.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">1.08<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:344.25pt;position:var(--position);top:168.75pt;width:60.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.21pt"></span></span><span style="left:35.84pt;position:var(--position)">(1.08)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:168.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:38.42pt;position:var(--position)">1.11<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 251842414 135952339 224905226 113373853 0 274356 0 226232 0 701290 0 602317 251842414 136927985 224905226 114202402 -338305000 147561000 -243182000 126276000 -1.34 1.09 -1.08 1.11 -1.34 1.08 -1.08 1.11 1110881 1041255 MORTGAGE-BACKED S<span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:232.45pt;position:var(--position);text-decoration:none;white-space:pre;width:54.98pt">ECURITIES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:423.43pt">The following tables provide details on the Company’s MBS by investment type as of the dates indicated:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:108pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:186pt"></td><td style="padding:0;width:69pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:68.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:66.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);width:282pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:282pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:99.22pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:14.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:69pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.99pt;position:var(--position);white-space:pre">Agency RMBS</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:14.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:69pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.99pt;position:var(--position);white-space:pre">Agency CMBS</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:14.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:68.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.57pt;position:var(--position);white-space:pre">CMBS IO </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:53.1pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:14.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:66.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.99pt;position:var(--position);white-space:pre">Total </span></div></div></div></td></tr><tr style="height:14.25pt"><td colspan="2" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:255pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:255pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Measured at fair value through net income:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortized cost</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:43.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">25,395,940<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:43.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,463,036<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:43.5pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">26,756<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:43.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">26,885,732<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized gain</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:58.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.79pt"></span></span><span style="left:42.42pt;position:var(--position)">1,032<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:58.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:58.5pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:56.54pt"></span></span><span style="left:59.17pt;position:var(--position)">2<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:58.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">1,034<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized loss</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:73.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.96pt"></span></span><span style="left:21.59pt;position:var(--position)">(1,524,574)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:73.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.46pt"></span></span><span style="left:34.09pt;position:var(--position)">(74,724)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:73.5pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(1,618)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:73.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:16.71pt"></span></span><span style="left:19.34pt;position:var(--position)">(1,600,916)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Fair value through net income</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:88.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">23,872,398<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:88.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,388,312<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:88.5pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">25,140<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:88.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">25,285,850<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Measured at fair value through OCI:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortized cost</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:126pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">703,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:126pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:37.42pt;position:var(--position)">43,738<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:126pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">44,015<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:126pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">791,360<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized gain</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:141pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:141pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:141pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">2,117<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:141pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">2,117<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized loss</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:156pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.46pt"></span></span><span style="left:29.09pt;position:var(--position)">(161,530)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:156pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.46pt"></span></span><span style="left:39.09pt;position:var(--position)">(3,016)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:156pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(2,174)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:156pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.21pt"></span></span><span style="left:26.84pt;position:var(--position)">(166,720)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Fair value through OCI</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:171pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">542,077<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:171pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:37.42pt;position:var(--position)">40,722<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:171pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">43,958<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:171pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">626,757<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:194.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:186pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:194.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">24,414,475<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:194.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,429,034<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:194.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">69,098<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:194.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">25,912,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:225pt;width:282pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:282pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:100.62pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:240pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:69pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.99pt;position:var(--position);white-space:pre">Agency RMBS</span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:240pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:69pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.99pt;position:var(--position);white-space:pre">Agency CMBS</span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:240pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:68.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.57pt;position:var(--position);white-space:pre">CMBS IO </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:53.1pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:240pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:66.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.99pt;position:var(--position);white-space:pre">Total </span></div></div></div></td></tr><tr style="height:14.25pt"><td colspan="2" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:255pt;width:255pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:255pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Measured at fair value through net income:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:269.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortized cost</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:269.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">14,233,682<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:269.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,165,674<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:269.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">30,680<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:269.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">15,430,036<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:284.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized gain</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:284.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:32.42pt;position:var(--position)">236,304<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:284.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.79pt"></span></span><span style="left:42.42pt;position:var(--position)">8,293<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:284.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.54pt"></span></span><span style="left:54.17pt;position:var(--position)">20<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:284.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">244,617<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:299.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized loss</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:299.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.46pt"></span></span><span style="left:34.09pt;position:var(--position)">(99,899)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:299.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.96pt"></span></span><span style="left:46.59pt;position:var(--position)">(995)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:299.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(1,147)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:299.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.21pt"></span></span><span style="left:26.84pt;position:var(--position)">(102,041)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:314.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Fair value through net income</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:314.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">14,370,087<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:314.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,172,972<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:314.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">29,553<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:314.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">15,572,612<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:337.5pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Measured at fair value through OCI:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:351.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortized cost</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:351.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">757,127<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:351.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:37.42pt;position:var(--position)">47,433<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:351.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">56,877<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:351.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">861,437<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:366.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized gain</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:366.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:366.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">25<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:366.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">2,620<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:366.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">2,645<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:381.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized loss</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:381.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.46pt"></span></span><span style="left:29.09pt;position:var(--position)">(125,854)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:381.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.46pt"></span></span><span style="left:39.09pt;position:var(--position)">(2,087)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:381.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(1,765)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:381.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.21pt"></span></span><span style="left:26.84pt;position:var(--position)">(129,706)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:396.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Fair value through OCI</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:396.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">631,273<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:396.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:37.42pt;position:var(--position)">45,371<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:396.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">57,732<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:396.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">734,376<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:426.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:186pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:426.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">15,001,360<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:426.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,218,343<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:426.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">87,285<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:426.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">16,306,988<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:6.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:35.25pt"><td colspan="8" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:448.5pt;width:468pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:468pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">(1) The Company held a notional balance of CMBS IO of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:234.41pt;position:var(--position);text-decoration:none;white-space:pre">$4.8 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:280.49pt;position:var(--position);white-space:pre"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:304.65pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:384.32pt;position:var(--position);white-space:pre">, and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:406.82pt;position:var(--position);text-decoration:none;white-space:pre">$6.0 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:452.9pt;position:var(--position);white-space:pre"> as </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:13.75pt;width:468pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:30.9pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:109.44999999999999pt;position:var(--position);white-space:pre">. </span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:613.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:2.96pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:110.96pt;position:var(--position);text-decoration:none;white-space:pre;width:428.99pt">The majority of the Company’s MBS are pledged as collateral for the Company’s repurchase agreements,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:625.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:97.08pt">which are disclosed in </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.07999999999998pt;position:var(--position);text-decoration:underline;white-space:pre;width:28.3pt"><a href="#ibfd3ca21147f4107909e10438b264875_31" style="color:inherit;text-decoration:inherit;z-index:1">Note 4</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:197.38pt;position:var(--position);text-decoration:none;white-space:pre;width:342.52pt">. Actual maturities of MBS are affected by the contractual lives of the underlying</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:637.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">mortgage collateral, scheduled payments, and unscheduled prepayments of principal, and the payment priority</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:649.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">structure of the security; therefore, actual maturities are generally shorter than the securities' stated contractual</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:661.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:42.43pt">maturities.</span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.98pt">The following table presents information regarding unrealized gains and losses on investments reported</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">within net income (loss) on the Company’s consolidated statements of comprehensive income (loss) for the periods</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:39.37pt">indicated:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:111pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:207pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.97pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.74pt;position:var(--position);text-decoration:none;white-space:pre">Nine Months Ended</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:15.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:33.97pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:15.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:33.97pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:5.16pt;width:207pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:31.5pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:31.5pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:31.5pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:31.5pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:207pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Agency RMBS</span></div></div></div></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:47.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.96pt"></span></span><span style="left:15.59pt;position:var(--position)">(1,397,829)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:47.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.79pt"></span></span><span style="left:26.419999999999998pt;position:var(--position)">139,842<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:47.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.96pt"></span></span><span style="left:15.59pt;position:var(--position)">(1,659,947)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:47.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.79pt"></span></span><span style="left:26.419999999999998pt;position:var(--position)">278,204<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:207pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Agency CMBS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:62.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.46pt"></span></span><span style="left:28.09pt;position:var(--position)">(66,833)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:62.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:36.42pt;position:var(--position)">2,410<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:62.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.46pt"></span></span><span style="left:28.09pt;position:var(--position)">(82,022)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:62.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:36.42pt;position:var(--position)">6,785<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:207pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CMBS IO</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:77.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.96pt"></span></span><span style="left:40.59pt;position:var(--position)">(389)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:77.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:43.92pt;position:var(--position)">223<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:77.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.96pt"></span></span><span style="left:40.59pt;position:var(--position)">(489)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:77.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:36.42pt;position:var(--position)">1,148<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:207pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other investments</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:92.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.29pt"></span></span><span style="left:53.92pt;position:var(--position)">4<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:92.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:47.96pt"></span></span><span style="left:50.59pt;position:var(--position)">(6)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:92.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(22)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:92.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(19)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:207pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Unrealized (loss) gain on investments, net</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:107.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.96pt"></span></span><span style="left:15.59pt;position:var(--position)">(1,465,047)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:107.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.79pt"></span></span><span style="left:26.419999999999998pt;position:var(--position)">142,469<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:107.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.96pt"></span></span><span style="left:15.59pt;position:var(--position)">(1,742,480)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:107.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.79pt"></span></span><span style="left:26.419999999999998pt;position:var(--position)">286,118<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:256.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:3.07pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.07pt;position:var(--position);text-decoration:none;white-space:pre;width:428.93pt">The following table presents information regarding realized gains and losses on sales of MBS reported in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:268.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:391.49pt">the Company’s consolidated statements of comprehensive income (loss) for the periods indicated:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:286.25pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:207pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:62.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);width:129pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.97pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);width:128.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:128.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.36pt;position:var(--position);text-decoration:none;white-space:pre">Nine Months Ended</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:15pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:33.97pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:15pt;width:128.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:128.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:33.59pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:207pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:30pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:30pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:30pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:30pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:207pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.38pt;position:var(--position);white-space:pre">Realized gain on sales of MBS - FVO</span></div></div></div></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:45pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:48.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:45pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:48.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:45pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">8,721<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:45pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:40.54pt"></span></span><span style="left:48.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:207pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.38pt;position:var(--position);white-space:pre">Realized loss on sale of MBS - FVO</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:60pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.96pt"></span></span><span style="left:40.59pt;position:var(--position)">(544)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:60pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.29pt"></span></span><span style="left:48.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:60pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.96pt"></span></span><span style="left:40.59pt;position:var(--position)">(544)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:60pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:45.54pt"></span></span><span style="left:48.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:207pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Total realized (loss) gain on sales of </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:207pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">investments, net</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:75pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.96pt"></span></span><span style="left:40.59pt;position:var(--position)">(544)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:75pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:48.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:75pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">8,177<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:40.54pt"></span></span><span style="left:48.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:403pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.89pt">The following table presents certain information for MBS designated as AFS that were in an unrealized loss</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:415pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:133.44pt">position as of the dates indicated:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:427pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:144.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:51pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:47.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:51pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:47.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);width:159pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:159pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:37.72pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);width:158.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:158.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:38.74pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:33.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:23.16pt;width:144.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:15pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:13.33pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:16.35pt;position:var(--position);text-decoration:none;white-space:pre">Fair </span></div><div style="line-height:10pt;position:var(--position);top:23.33pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.01pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:202.5pt;position:var(--position);top:15pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.33pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.13pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:13.33pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.32pt;position:var(--position);text-decoration:none;white-space:pre">Unrealized </span></div><div style="line-height:10pt;position:var(--position);top:23.33pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.74pt;position:var(--position);text-decoration:none;white-space:pre">Losses</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:259.5pt;position:var(--position);top:15pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.33pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.71pt;position:var(--position);text-decoration:none;white-space:pre"># of </span></div><div style="line-height:10pt;position:var(--position);top:23.33pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.82pt;position:var(--position);text-decoration:none;white-space:pre">Securities</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:15pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:13.33pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:16.35pt;position:var(--position);text-decoration:none;white-space:pre">Fair </span></div><div style="line-height:10pt;position:var(--position);top:23.33pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.01pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:15pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.33pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.13pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:13.33pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.32pt;position:var(--position);text-decoration:none;white-space:pre">Unrealized </span></div><div style="line-height:10pt;position:var(--position);top:23.33pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.74pt;position:var(--position);text-decoration:none;white-space:pre">Losses</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:15pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.33pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.71pt;position:var(--position);text-decoration:none;white-space:pre"># of </span></div><div style="line-height:10pt;position:var(--position);top:23.33pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.82pt;position:var(--position);text-decoration:none;white-space:pre">Securities</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Continuous unrealized loss </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">position for less than 12 months:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:48.75pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:202.5pt;position:var(--position);top:48.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:48.75pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:48.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">Agency MBS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:73.5pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.79pt"></span></span><span style="left:24.419999999999998pt;position:var(--position)">4,443<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:202.5pt;position:var(--position);top:73.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:23.21pt"></span></span><span style="left:30.84pt;position:var(--position)">(111)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:259.5pt;position:var(--position);top:73.5pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:73.5pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.29pt"></span></span><span style="left:31.919999999999998pt;position:var(--position)">730<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:73.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.21pt"></span></span><span style="left:40.84pt;position:var(--position)">(1)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:73.5pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">Non-Agency MBS</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:88.5pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:31.919999999999998pt;position:var(--position)">834<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:202.5pt;position:var(--position);top:88.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.21pt"></span></span><span style="left:40.84pt;position:var(--position)">(5)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:259.5pt;position:var(--position);top:88.5pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:88.5pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:31.919999999999998pt;position:var(--position)">208<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:88.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">(22)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:88.5pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:35.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.83pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Continuous unrealized loss </span></div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">position for 12 months or </span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">longer:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">Agency MBS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:147pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:6.79pt"></span></span><span style="left:14.419999999999998pt;position:var(--position)">618,036<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:202.5pt;position:var(--position);top:147pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:5.71pt"></span></span><span style="left:13.34pt;position:var(--position)">(166,604)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:259.5pt;position:var(--position);top:147pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18.62pt;position:var(--position);text-decoration:none;white-space:pre">50</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:147pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:6.79pt"></span></span><span style="left:14.419999999999998pt;position:var(--position)">721,536<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:147pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:5.71pt"></span></span><span style="left:13.34pt;position:var(--position)">(129,658)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:147pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18.62pt;position:var(--position);text-decoration:none;white-space:pre">56</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">Non-Agency MBS</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:162pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:36.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:202.5pt;position:var(--position);top:162pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:259.5pt;position:var(--position);top:162pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:162pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:31.919999999999998pt;position:var(--position)">752<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:162pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">(25)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:162pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:621pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:331.37pt">The unrealized loss positions on the Company’s MBS designated as AFS as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:439.37pt;position:var(--position);text-decoration:none;white-space:pre;width:82.48pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:521.85pt;position:var(--position);text-decoration:none;white-space:pre;width:18.06pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:633pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:79.6pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.6pt;position:var(--position);text-decoration:none;white-space:pre;width:388.27pt"> were the result of higher interest rates and wider spreads to U.S. Treasuries compared to at the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:645pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:412.24pt">time of purchase. The unrealized loss positions are not credit related; therefore, the Company did </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:484.24pt;position:var(--position);text-decoration:none;white-space:pre;width:12.77pt">not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:497.01pt;position:var(--position);text-decoration:none;white-space:pre;width:33.44pt"> record </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:530.45pt;position:var(--position);text-decoration:none;white-space:pre;width:9.43pt">an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:657pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:131.29pt">allowance for credit losses as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:203.29pt;position:var(--position);text-decoration:none;white-space:pre;width:80.52pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:283.81pt;position:var(--position);text-decoration:none;white-space:pre;width:13.63pt"> or </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.44pt;position:var(--position);text-decoration:none;white-space:pre;width:78.84pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:376.28pt;position:var(--position);text-decoration:none;white-space:pre;width:163.64pt">. The Company has the ability and intent</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:669pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">to hold any MBS with an unrealized loss until the recovery in its value. This assessment is based on the amount of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:681pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">the unrealized loss and significance of the related investment as well as the Company’s leverage and liquidity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:693pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">position. In addition, for its non-Agency MBS, which are not guaranteed by a GSE, the Company reviews the credit</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">ratings, the credit characteristics of the mortgage loans collateralizing these securities, and the estimated future cash</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:144.24pt">flows including projected collateral </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:216.24pt;position:var(--position);text-decoration:none;white-space:pre;width:26.37pt">losses.</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:423.43pt">The following tables provide details on the Company’s MBS by investment type as of the dates indicated:</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:108pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:186pt"></td><td style="padding:0;width:69pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:68.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:66.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);width:282pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:282pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:99.22pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:14.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:69pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.99pt;position:var(--position);white-space:pre">Agency RMBS</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:14.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:69pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.99pt;position:var(--position);white-space:pre">Agency CMBS</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:14.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:68.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.57pt;position:var(--position);white-space:pre">CMBS IO </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:53.1pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:14.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:66.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.99pt;position:var(--position);white-space:pre">Total </span></div></div></div></td></tr><tr style="height:14.25pt"><td colspan="2" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:255pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:255pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Measured at fair value through net income:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortized cost</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:43.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">25,395,940<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:43.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,463,036<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:43.5pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">26,756<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:43.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">26,885,732<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized gain</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:58.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.79pt"></span></span><span style="left:42.42pt;position:var(--position)">1,032<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:58.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:58.5pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:56.54pt"></span></span><span style="left:59.17pt;position:var(--position)">2<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:58.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">1,034<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized loss</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:73.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.96pt"></span></span><span style="left:21.59pt;position:var(--position)">(1,524,574)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:73.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.46pt"></span></span><span style="left:34.09pt;position:var(--position)">(74,724)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:73.5pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(1,618)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:73.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:16.71pt"></span></span><span style="left:19.34pt;position:var(--position)">(1,600,916)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Fair value through net income</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:88.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">23,872,398<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:88.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,388,312<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:88.5pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">25,140<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:88.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">25,285,850<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Measured at fair value through OCI:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortized cost</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:126pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">703,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:126pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:37.42pt;position:var(--position)">43,738<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:126pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">44,015<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:126pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">791,360<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized gain</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:141pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:141pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:141pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">2,117<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:141pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">2,117<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized loss</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:156pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.46pt"></span></span><span style="left:29.09pt;position:var(--position)">(161,530)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:156pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.46pt"></span></span><span style="left:39.09pt;position:var(--position)">(3,016)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:156pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(2,174)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:156pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.21pt"></span></span><span style="left:26.84pt;position:var(--position)">(166,720)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Fair value through OCI</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:171pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">542,077<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:171pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:37.42pt;position:var(--position)">40,722<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:171pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">43,958<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:171pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">626,757<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:194.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:186pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:194.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">24,414,475<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:194.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,429,034<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:194.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">69,098<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:194.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">25,912,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:225pt;width:282pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:282pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:100.62pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:240pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:69pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.99pt;position:var(--position);white-space:pre">Agency RMBS</span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:240pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:69pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.99pt;position:var(--position);white-space:pre">Agency CMBS</span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:240pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:68.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.57pt;position:var(--position);white-space:pre">CMBS IO </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:53.1pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:240pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:66.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.99pt;position:var(--position);white-space:pre">Total </span></div></div></div></td></tr><tr style="height:14.25pt"><td colspan="2" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:255pt;width:255pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:255pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Measured at fair value through net income:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:269.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortized cost</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:269.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">14,233,682<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:269.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,165,674<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:269.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">30,680<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:269.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">15,430,036<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:284.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized gain</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:284.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:32.42pt;position:var(--position)">236,304<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:284.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.79pt"></span></span><span style="left:42.42pt;position:var(--position)">8,293<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:284.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.54pt"></span></span><span style="left:54.17pt;position:var(--position)">20<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:284.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">244,617<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:299.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized loss</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:299.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.46pt"></span></span><span style="left:34.09pt;position:var(--position)">(99,899)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:299.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.96pt"></span></span><span style="left:46.59pt;position:var(--position)">(995)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:299.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(1,147)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:299.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.21pt"></span></span><span style="left:26.84pt;position:var(--position)">(102,041)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:314.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Fair value through net income</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:314.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">14,370,087<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:314.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,172,972<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:314.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">29,553<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:314.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">15,572,612<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:337.5pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Measured at fair value through OCI:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:351.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortized cost</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:351.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">757,127<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:351.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:37.42pt;position:var(--position)">47,433<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:351.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">56,877<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:351.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">861,437<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:366.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized gain</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:366.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:366.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">25<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:366.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">2,620<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:366.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">2,645<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:381.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized loss</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:381.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.46pt"></span></span><span style="left:29.09pt;position:var(--position)">(125,854)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:381.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.46pt"></span></span><span style="left:39.09pt;position:var(--position)">(2,087)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:381.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(1,765)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:381.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.21pt"></span></span><span style="left:26.84pt;position:var(--position)">(129,706)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:396.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Fair value through OCI</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:396.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">631,273<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:396.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:37.42pt;position:var(--position)">45,371<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:396.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">57,732<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:396.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">734,376<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:426.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:186pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:426.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">15,001,360<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:426.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,218,343<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:426.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">87,285<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:426.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">16,306,988<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:6.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:35.25pt"><td colspan="8" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:448.5pt;width:468pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:468pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">(1) The Company held a notional balance of CMBS IO of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:234.41pt;position:var(--position);text-decoration:none;white-space:pre">$4.8 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:280.49pt;position:var(--position);white-space:pre"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:304.65pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:384.32pt;position:var(--position);white-space:pre">, and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:406.82pt;position:var(--position);text-decoration:none;white-space:pre">$6.0 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:452.9pt;position:var(--position);white-space:pre"> as </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:13.75pt;width:468pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:30.9pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:109.44999999999999pt;position:var(--position);white-space:pre">. </span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:423.43pt">The following tables provide details on the Company’s MBS by investment type as of the dates indicated:</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:108pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:186pt"></td><td style="padding:0;width:69pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:68.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:66.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);width:282pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:282pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:99.22pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:14.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:69pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.99pt;position:var(--position);white-space:pre">Agency RMBS</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:14.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:69pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.99pt;position:var(--position);white-space:pre">Agency CMBS</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:14.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:68.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.57pt;position:var(--position);white-space:pre">CMBS IO </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:53.1pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:14.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:66.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.99pt;position:var(--position);white-space:pre">Total </span></div></div></div></td></tr><tr style="height:14.25pt"><td colspan="2" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:255pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:255pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Measured at fair value through net income:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortized cost</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:43.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">25,395,940<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:43.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,463,036<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:43.5pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">26,756<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:43.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">26,885,732<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized gain</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:58.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.79pt"></span></span><span style="left:42.42pt;position:var(--position)">1,032<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:58.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:58.5pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:56.54pt"></span></span><span style="left:59.17pt;position:var(--position)">2<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:58.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">1,034<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized loss</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:73.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.96pt"></span></span><span style="left:21.59pt;position:var(--position)">(1,524,574)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:73.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.46pt"></span></span><span style="left:34.09pt;position:var(--position)">(74,724)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:73.5pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(1,618)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:73.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:16.71pt"></span></span><span style="left:19.34pt;position:var(--position)">(1,600,916)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Fair value through net income</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:88.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">23,872,398<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:88.5pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,388,312<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:88.5pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">25,140<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:88.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">25,285,850<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Measured at fair value through OCI:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortized cost</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:126pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">703,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:126pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:37.42pt;position:var(--position)">43,738<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:126pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">44,015<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:126pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">791,360<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized gain</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:141pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:141pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:141pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">2,117<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:141pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">2,117<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized loss</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:156pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.46pt"></span></span><span style="left:29.09pt;position:var(--position)">(161,530)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:156pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.46pt"></span></span><span style="left:39.09pt;position:var(--position)">(3,016)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:156pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(2,174)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:156pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.21pt"></span></span><span style="left:26.84pt;position:var(--position)">(166,720)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Fair value through OCI</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:171pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">542,077<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:171pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:37.42pt;position:var(--position)">40,722<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:171pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">43,958<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:171pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">626,757<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:194.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:186pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:194.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">24,414,475<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:194.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,429,034<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:194.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">69,098<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:194.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">25,912,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:225pt;width:282pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:282pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:100.62pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:240pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:69pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.99pt;position:var(--position);white-space:pre">Agency RMBS</span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:240pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:69pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.99pt;position:var(--position);white-space:pre">Agency CMBS</span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:240pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:68.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.57pt;position:var(--position);white-space:pre">CMBS IO </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:53.1pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:240pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:66.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.99pt;position:var(--position);white-space:pre">Total </span></div></div></div></td></tr><tr style="height:14.25pt"><td colspan="2" style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:255pt;width:255pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:255pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Measured at fair value through net income:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:269.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortized cost</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:269.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">14,233,682<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:269.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,165,674<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:269.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">30,680<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:269.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">15,430,036<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:284.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized gain</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:284.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:32.42pt;position:var(--position)">236,304<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:284.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.79pt"></span></span><span style="left:42.42pt;position:var(--position)">8,293<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:284.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.54pt"></span></span><span style="left:54.17pt;position:var(--position)">20<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:284.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">244,617<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:299.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized loss</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:299.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.46pt"></span></span><span style="left:34.09pt;position:var(--position)">(99,899)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:299.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.96pt"></span></span><span style="left:46.59pt;position:var(--position)">(995)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:299.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(1,147)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:299.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.21pt"></span></span><span style="left:26.84pt;position:var(--position)">(102,041)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:314.25pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Fair value through net income</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:314.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">14,370,087<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:314.25pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,172,972<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:314.25pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">29,553<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:314.25pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">15,572,612<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:337.5pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Measured at fair value through OCI:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:351.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortized cost</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:351.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">757,127<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:351.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:37.42pt;position:var(--position)">47,433<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:351.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">56,877<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:351.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">861,437<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:366.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized gain</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:366.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:366.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:52.29pt"></span></span><span style="left:54.92pt;position:var(--position)">25<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:366.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.04pt"></span></span><span style="left:41.67pt;position:var(--position)">2,620<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:366.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.54pt"></span></span><span style="left:40.17pt;position:var(--position)">2,645<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:381.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Gross unrealized loss</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:381.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.46pt"></span></span><span style="left:29.09pt;position:var(--position)">(125,854)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:381.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.46pt"></span></span><span style="left:39.09pt;position:var(--position)">(2,087)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:381.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.71pt"></span></span><span style="left:38.34pt;position:var(--position)">(1,765)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:381.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.21pt"></span></span><span style="left:26.84pt;position:var(--position)">(129,706)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:396.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:186pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Fair value through OCI</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:396.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:32.42pt;position:var(--position)">631,273<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:396.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.79pt"></span></span><span style="left:37.42pt;position:var(--position)">45,371<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:396.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">57,732<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:396.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.54pt"></span></span><span style="left:30.169999999999998pt;position:var(--position)">734,376<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:426.75pt;width:186pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:186pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:186pt;position:var(--position);top:426.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.29pt"></span></span><span style="left:19.919999999999998pt;position:var(--position)">15,001,360<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:426.75pt;width:69pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.29pt"></span></span><span style="left:24.919999999999998pt;position:var(--position)">1,218,343<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330pt;position:var(--position);top:426.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.04pt"></span></span><span style="left:36.67pt;position:var(--position)">87,285<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:426.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.04pt"></span></span><span style="left:17.669999999999998pt;position:var(--position)">16,306,988<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:6.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:35.25pt"><td colspan="8" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:448.5pt;width:468pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.75pt;width:468pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">(1) The Company held a notional balance of CMBS IO of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:234.41pt;position:var(--position);text-decoration:none;white-space:pre">$4.8 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:280.49pt;position:var(--position);white-space:pre"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:304.65pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:384.32pt;position:var(--position);white-space:pre">, and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:406.82pt;position:var(--position);text-decoration:none;white-space:pre">$6.0 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:452.9pt;position:var(--position);white-space:pre"> as </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:13.75pt;width:468pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:20.63pt;position:var(--position);white-space:pre">of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:30.9pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:109.44999999999999pt;position:var(--position);white-space:pre">. </span></div></div></div></td></tr></tbody></table></div></div></div> 25395940000 1463036000 26756000 26885732000 1032000 0 2000 1034000 1524574000 74724000 1618000 1600916000 23872398000 1388312000 25140000 25285850000 703607000 43738000 44015000 791360000 0 0 2117000 2117000 161530000 3016000 2174000 166720000 542077000 40722000 43958000 626757000 24414475000 1429034000 69098000 25912607000 14233682000 1165674000 30680000 15430036000 236304000 8293000 20000 244617000 99899000 995000 1147000 102041000 14370087000 1172972000 29553000 15572612000 757127000 47433000 56877000 861437000 0 25000 2620000 2645000 125854000 2087000 1765000 129706000 631273000 45371000 57732000 734376000 15001360000 1218343000 87285000 16306988000 4800000000 6000000000.0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.98pt">The following table presents information regarding unrealized gains and losses on investments reported</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">within net income (loss) on the Company’s consolidated statements of comprehensive income (loss) for the periods</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:39.37pt">indicated:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:111pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:207pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.97pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.74pt;position:var(--position);text-decoration:none;white-space:pre">Nine Months Ended</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:15.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:33.97pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:15.75pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:33.97pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:5.16pt;width:207pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:31.5pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:31.5pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:31.5pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:31.5pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:207pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Agency RMBS</span></div></div></div></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:47.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.96pt"></span></span><span style="left:15.59pt;position:var(--position)">(1,397,829)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:47.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.79pt"></span></span><span style="left:26.419999999999998pt;position:var(--position)">139,842<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:47.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.96pt"></span></span><span style="left:15.59pt;position:var(--position)">(1,659,947)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:47.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.79pt"></span></span><span style="left:26.419999999999998pt;position:var(--position)">278,204<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:62.25pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:207pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Agency CMBS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:62.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.46pt"></span></span><span style="left:28.09pt;position:var(--position)">(66,833)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:62.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:36.42pt;position:var(--position)">2,410<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:62.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.46pt"></span></span><span style="left:28.09pt;position:var(--position)">(82,022)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:62.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:36.42pt;position:var(--position)">6,785<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:207pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">CMBS IO</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:77.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.96pt"></span></span><span style="left:40.59pt;position:var(--position)">(389)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:77.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:43.92pt;position:var(--position)">223<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:77.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.96pt"></span></span><span style="left:40.59pt;position:var(--position)">(489)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:77.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.79pt"></span></span><span style="left:36.42pt;position:var(--position)">1,148<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:207pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other investments</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:92.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.29pt"></span></span><span style="left:53.92pt;position:var(--position)">4<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:92.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:47.96pt"></span></span><span style="left:50.59pt;position:var(--position)">(6)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:92.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(22)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:92.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(19)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:207pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Unrealized (loss) gain on investments, net</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:107.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.96pt"></span></span><span style="left:15.59pt;position:var(--position)">(1,465,047)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:107.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.79pt"></span></span><span style="left:26.419999999999998pt;position:var(--position)">142,469<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339pt;position:var(--position);top:107.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.96pt"></span></span><span style="left:15.59pt;position:var(--position)">(1,742,480)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:107.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.79pt"></span></span><span style="left:26.419999999999998pt;position:var(--position)">286,118<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> -1397829000 139842000 -1659947000 278204000 -66833000 2410000 -82022000 6785000 -389000 223000 -489000 1148000 4000 -6000 -22000 -19000 -1465047000 142469000 -1742480000 286118000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.07pt;position:var(--position);text-decoration:none;white-space:pre;width:428.93pt">The following table presents information regarding realized gains and losses on sales of MBS reported in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:268.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:391.49pt">the Company’s consolidated statements of comprehensive income (loss) for the periods indicated:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:286.25pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:207pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:63pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:62.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);width:129pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.97pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);width:128.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:128.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.36pt;position:var(--position);text-decoration:none;white-space:pre">Nine Months Ended</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:15pt;width:129pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:129pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:33.97pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:15pt;width:128.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:128.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:33.59pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:207pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:30pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:30pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:30pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.5pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:30pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:207pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.38pt;position:var(--position);white-space:pre">Realized gain on sales of MBS - FVO</span></div></div></div></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:45pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:48.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:45pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:48.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:45pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">8,721<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:45pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:40.54pt"></span></span><span style="left:48.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:207pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.38pt;position:var(--position);white-space:pre">Realized loss on sale of MBS - FVO</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:60pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.96pt"></span></span><span style="left:40.59pt;position:var(--position)">(544)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:60pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.29pt"></span></span><span style="left:48.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:60pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.96pt"></span></span><span style="left:40.59pt;position:var(--position)">(544)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:60pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:45.54pt"></span></span><span style="left:48.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:207pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:207pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Total realized (loss) gain on sales of </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:207pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">investments, net</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:75pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.96pt"></span></span><span style="left:40.59pt;position:var(--position)">(544)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:75pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:48.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:339.75pt;position:var(--position);top:75pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.79pt"></span></span><span style="left:36.42pt;position:var(--position)">8,177<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:75pt;width:62.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:62.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:40.54pt"></span></span><span style="left:48.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 0 0 8721000 0 544000 0 544000 0 -544000 0 8177000 0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.89pt">The following table presents certain information for MBS designated as AFS that were in an unrealized loss</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:415pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:133.44pt">position as of the dates indicated:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:427pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:144.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:51pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:47.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:51pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:47.25pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);width:159pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:159pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:37.72pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);width:158.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:158.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:38.74pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:33.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:23.16pt;width:144.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:15pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:13.33pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:16.35pt;position:var(--position);text-decoration:none;white-space:pre">Fair </span></div><div style="line-height:10pt;position:var(--position);top:23.33pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.01pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:202.5pt;position:var(--position);top:15pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.33pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.13pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:13.33pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.32pt;position:var(--position);text-decoration:none;white-space:pre">Unrealized </span></div><div style="line-height:10pt;position:var(--position);top:23.33pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.74pt;position:var(--position);text-decoration:none;white-space:pre">Losses</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:259.5pt;position:var(--position);top:15pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.33pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.71pt;position:var(--position);text-decoration:none;white-space:pre"># of </span></div><div style="line-height:10pt;position:var(--position);top:23.33pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.82pt;position:var(--position);text-decoration:none;white-space:pre">Securities</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:15pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:13.33pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:16.35pt;position:var(--position);text-decoration:none;white-space:pre">Fair </span></div><div style="line-height:10pt;position:var(--position);top:23.33pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.01pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:15pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.33pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.13pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:13.33pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.32pt;position:var(--position);text-decoration:none;white-space:pre">Unrealized </span></div><div style="line-height:10pt;position:var(--position);top:23.33pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.74pt;position:var(--position);text-decoration:none;white-space:pre">Losses</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:15pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.33pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.71pt;position:var(--position);text-decoration:none;white-space:pre"># of </span></div><div style="line-height:10pt;position:var(--position);top:23.33pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.82pt;position:var(--position);text-decoration:none;white-space:pre">Securities</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Continuous unrealized loss </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">position for less than 12 months:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:48.75pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:202.5pt;position:var(--position);top:48.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:48.75pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:48.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">Agency MBS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:73.5pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.79pt"></span></span><span style="left:24.419999999999998pt;position:var(--position)">4,443<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:202.5pt;position:var(--position);top:73.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:23.21pt"></span></span><span style="left:30.84pt;position:var(--position)">(111)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:259.5pt;position:var(--position);top:73.5pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">4</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:73.5pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.29pt"></span></span><span style="left:31.919999999999998pt;position:var(--position)">730<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:73.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.21pt"></span></span><span style="left:40.84pt;position:var(--position)">(1)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:73.5pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">Non-Agency MBS</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:88.5pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:31.919999999999998pt;position:var(--position)">834<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:202.5pt;position:var(--position);top:88.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.21pt"></span></span><span style="left:40.84pt;position:var(--position)">(5)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:259.5pt;position:var(--position);top:88.5pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:88.5pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:31.919999999999998pt;position:var(--position)">208<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:88.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">(22)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:88.5pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:35.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.83pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Continuous unrealized loss </span></div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">position for 12 months or </span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">longer:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">Agency MBS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:147pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:6.79pt"></span></span><span style="left:14.419999999999998pt;position:var(--position)">618,036<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:202.5pt;position:var(--position);top:147pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:5.71pt"></span></span><span style="left:13.34pt;position:var(--position)">(166,604)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:259.5pt;position:var(--position);top:147pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18.62pt;position:var(--position);text-decoration:none;white-space:pre">50</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:147pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:6.79pt"></span></span><span style="left:14.419999999999998pt;position:var(--position)">721,536<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:147pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:5.71pt"></span></span><span style="left:13.34pt;position:var(--position)">(129,658)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:147pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18.62pt;position:var(--position);text-decoration:none;white-space:pre">56</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162pt;width:144.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:15.38pt;position:var(--position);text-decoration:none;white-space:pre">Non-Agency MBS</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:162pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:36.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:202.5pt;position:var(--position);top:162pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:259.5pt;position:var(--position);top:162pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:18.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:309.75pt;position:var(--position);top:162pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:31.919999999999998pt;position:var(--position)">752<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:363.75pt;position:var(--position);top:162pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.21pt"></span></span><span style="left:35.84pt;position:var(--position)">(25)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:420.75pt;position:var(--position);top:162pt;width:47.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:47.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td></tr></tbody></table></div></div></div> 4443000 111000 4 730000 1000 2 834000 5000 1 208000 22000 3 618036000 166604000 50 721536000 129658000 56 0 0 0 752000 25000 3 0 0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:117.81pt;position:var(--position);text-decoration:none;white-space:pre;width:142.41pt">REPURCHASE AGREEMENTS</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:126pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:235.13pt">The Company’s repurchase agreements outstanding as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:343.13pt;position:var(--position);text-decoration:none;white-space:pre;width:81.36pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:424.49pt;position:var(--position);text-decoration:none;white-space:pre;width:20.57pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:445.06pt;position:var(--position);text-decoration:none;white-space:pre;width:79.68pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.74pt;position:var(--position);text-decoration:none;white-space:pre;width:15.26pt"> are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:138pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:143.71pt">summarized in the following tables:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.71pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:168pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:119.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:48pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);width:169.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:169.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:42.97pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:296.25pt;position:var(--position);width:171.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:171.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:45.49pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:44.25pt"><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15pt;width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Collateral Type</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:15pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.57pt;position:var(--position);text-decoration:none;white-space:pre">Balance</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:15pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.46pt;position:var(--position);text-decoration:none;white-space:pre">Weighted</span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.24pt;position:var(--position);text-decoration:none;white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.01pt;position:var(--position);text-decoration:none;white-space:pre">Rate</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:235.5pt;position:var(--position);top:15pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.61pt;position:var(--position);white-space:pre">Fair Value </span></div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:24.33pt;position:var(--position);white-space:pre">of </span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.14pt;position:var(--position);white-space:pre">Collateral </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.98pt;position:var(--position);white-space:pre">Pledged</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:40.83pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre"> (1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:296.25pt;position:var(--position);top:15pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.57pt;position:var(--position);text-decoration:none;white-space:pre">Balance</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:15pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.58pt;position:var(--position);text-decoration:none;white-space:pre">Weighted</span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.37pt;position:var(--position);text-decoration:none;white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.13pt;position:var(--position);text-decoration:none;white-space:pre">Rate</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:15pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.61pt;position:var(--position);white-space:pre">Fair Value </span></div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:24.33pt;position:var(--position);white-space:pre">of </span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.14pt;position:var(--position);white-space:pre">Collateral </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.98pt;position:var(--position);white-space:pre">Pledged</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:40.83pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre"> (1)</span></div></div></div></td></tr><tr style="height:15pt"><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:119.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Agency RMBS</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">22,756,369<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:74.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:18.09pt;position:var(--position)"></span><span style="left:18.09pt;position:var(--position)">3.91<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:235.5pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">23,782,830<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:296.25pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">12,857,827<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:74.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:20.34pt;position:var(--position)"></span><span style="left:20.34pt;position:var(--position)">4.09<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">13,496,489<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Agency CMBS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:89.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:10.29pt"></span></span><span style="left:12.919999999999998pt;position:var(--position)">1,370,224<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:89.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:18.09pt;position:var(--position)"></span><span style="left:18.09pt;position:var(--position)">3.92<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:235.5pt;position:var(--position);top:89.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:10.29pt"></span></span><span style="left:12.919999999999998pt;position:var(--position)">1,390,727<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:296.25pt;position:var(--position);top:89.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:17.79pt"></span></span><span style="left:20.419999999999998pt;position:var(--position)">967,024<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:89.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:20.34pt;position:var(--position)"></span><span style="left:20.34pt;position:var(--position)">4.07<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:89.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:10.29pt"></span></span><span style="left:12.919999999999998pt;position:var(--position)">1,012,532<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Agency CMBS IO</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:104.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.79pt"></span></span><span style="left:25.419999999999998pt;position:var(--position)">63,683<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:104.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:18.09pt;position:var(--position)"></span><span style="left:18.09pt;position:var(--position)">4.24<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:235.5pt;position:var(--position);top:104.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.79pt"></span></span><span style="left:25.419999999999998pt;position:var(--position)">65,784<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:296.25pt;position:var(--position);top:104.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.79pt"></span></span><span style="left:25.419999999999998pt;position:var(--position)">77,057<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:104.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:20.34pt;position:var(--position)"></span><span style="left:20.34pt;position:var(--position)">4.41<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:104.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.79pt"></span></span><span style="left:25.419999999999998pt;position:var(--position)">81,913<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:119.25pt;width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-Agency CMBS IO</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.29pt"></span></span><span style="left:42.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:119.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:25.59pt;position:var(--position)"></span><span style="left:25.59pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:235.5pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.29pt"></span></span><span style="left:42.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:296.25pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.79pt"></span></span><span style="left:30.419999999999998pt;position:var(--position)">2,323<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:20.34pt;position:var(--position)"></span><span style="left:20.34pt;position:var(--position)">4.72<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.79pt"></span></span><span style="left:30.419999999999998pt;position:var(--position)">2,536<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:119.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:134.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">24,190,276<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:134.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:18.09pt;position:var(--position)"></span><span style="left:18.09pt;position:var(--position)">3.91<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:235.5pt;position:var(--position);top:134.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">25,239,341<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:296.25pt;position:var(--position);top:134.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">13,904,231<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:134.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:20.34pt;position:var(--position)"></span><span style="left:20.34pt;position:var(--position)">4.10<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:134.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">14,593,470<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:322.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt"> (1)  Amounts disclosed for fair value of collateral pledged include amounts pledged to cover margin calls, which may differ in</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:333.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:165.15pt">collateral type from the initial collateral type </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:255.15pt;position:var(--position);text-decoration:none;white-space:pre;width:30.73pt">pledged.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:354.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:118.77pt">The Company’s equity at risk</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:81.59pt"> did not exceed 10%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.36pt;position:var(--position);text-decoration:none;white-space:pre;width:140.69pt"> with any single counterparty as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:449.05pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:529.27pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:531.77pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:372.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:432pt">The following table provides information on the remaining term to maturity and original term to maturity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:384.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:269.93pt">for the Company’s repurchase agreements as of the dates indicated:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.93pt;position:var(--position);text-decoration:none;white-space:pre;width:5pt">  </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:396.65pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:97.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:101.25pt;position:var(--position);width:181.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:181.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:48.97pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:286.5pt;position:var(--position);width:181.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:181.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:44.25pt"><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:97.5pt"><div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:97.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Remaining Term to </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:97.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Maturity</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:101.25pt;position:var(--position);top:14.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.07pt;position:var(--position);text-decoration:none;white-space:pre">Balance</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:165pt;position:var(--position);top:14.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.96pt;position:var(--position);text-decoration:none;white-space:pre">Weighted</span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.74pt;position:var(--position);text-decoration:none;white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.51pt;position:var(--position);text-decoration:none;white-space:pre">Rate</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:14.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.39pt;position:var(--position);text-decoration:none;white-space:pre">WAVG </span></div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.46pt;position:var(--position);text-decoration:none;white-space:pre">Original </span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.16pt;position:var(--position);text-decoration:none;white-space:pre">Term to </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.07pt;position:var(--position);text-decoration:none;white-space:pre">Maturity</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:286.5pt;position:var(--position);top:14.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.07pt;position:var(--position);text-decoration:none;white-space:pre">Balance</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:14.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.96pt;position:var(--position);text-decoration:none;white-space:pre">Weighted</span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.74pt;position:var(--position);text-decoration:none;white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.51pt;position:var(--position);text-decoration:none;white-space:pre">Rate</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:14.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.39pt;position:var(--position);text-decoration:none;white-space:pre">WAVG </span></div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.46pt;position:var(--position);text-decoration:none;white-space:pre">Original </span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.16pt;position:var(--position);text-decoration:none;white-space:pre">Term to </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.07pt;position:var(--position);text-decoration:none;white-space:pre">Maturity</span></div></div></div></td></tr><tr style="height:15pt"><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:97.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:97.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:97.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:97.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less than 30 days</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:101.25pt;position:var(--position);top:73.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:3.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">10,662,438<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:165pt;position:var(--position);top:73.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.09pt;position:var(--position)"></span><span style="left:27.09pt;position:var(--position)">3.88<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:73.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.37pt;position:var(--position);text-decoration:none;white-space:pre">79</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:286.5pt;position:var(--position);top:73.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:8.29pt"></span></span><span style="left:15.919999999999998pt;position:var(--position)">9,146,566<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:73.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.09pt;position:var(--position)"></span><span style="left:27.09pt;position:var(--position)">4.11<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:73.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.37pt;position:var(--position);text-decoration:none;white-space:pre">75</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:97.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:97.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">30 to 90 days</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:101.25pt;position:var(--position);top:88.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">12,563,547<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:165pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.09pt;position:var(--position)"></span><span style="left:27.09pt;position:var(--position)">3.93<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.37pt;position:var(--position);text-decoration:none;white-space:pre">88</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:286.5pt;position:var(--position);top:88.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:13.29pt"></span></span><span style="left:15.919999999999998pt;position:var(--position)">4,757,665<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.09pt;position:var(--position)"></span><span style="left:27.09pt;position:var(--position)">4.07<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.37pt;position:var(--position);text-decoration:none;white-space:pre">94</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:97.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:97.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">91 to 180 days</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:101.25pt;position:var(--position);top:103.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">964,291<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:165pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.09pt;position:var(--position)"></span><span style="left:27.09pt;position:var(--position)">4.00<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.37pt;position:var(--position);text-decoration:none;white-space:pre">179</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:286.5pt;position:var(--position);top:103.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.59pt;position:var(--position)"></span><span style="left:34.59pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.29pt"></span></span><span style="left:42.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:118.5pt;width:97.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:97.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:101.25pt;position:var(--position);top:118.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:3.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">24,190,276<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:165pt;position:var(--position);top:118.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.09pt;position:var(--position)"></span><span style="left:27.09pt;position:var(--position)">3.91<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:118.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.29pt"></span></span><span style="left:42.92pt;position:var(--position)">87<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:286.5pt;position:var(--position);top:118.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:3.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">13,904,231<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:118.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.09pt;position:var(--position)"></span><span style="left:27.09pt;position:var(--position)">4.10<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:118.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.29pt"></span></span><span style="left:42.92pt;position:var(--position)">81<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:548.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:411.96pt">The Company’s accrued interest payable related to its repurchase agreement borrowings increased to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:519.96pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">$137</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:560.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:28.85pt">million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:100.85pt;position:var(--position);text-decoration:none;white-space:pre;width:24.15pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:125pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.22pt;position:var(--position);text-decoration:none;white-space:pre;width:24.43pt"> from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:229.65pt;position:var(--position);text-decoration:none;white-space:pre;width:46.35pt">$95 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276pt;position:var(--position);text-decoration:none;white-space:pre;width:24.15pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:300.15pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:378.69pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:381.19pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:575.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.89pt">The Company’s counterparties, as set forth in the master repurchase agreement with each counterparty,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:587.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">require the Company to comply with various customary operating and financial covenants, including, but not limited</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:599.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.85pt">to, minimum net worth, maximum declines in net worth in a given period, and maximum leverage requirements as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:611.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">well as maintaining the Company’s REIT status. In addition, some of the agreements contain cross default features,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:623.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.93pt">whereby default under an agreement with one lender simultaneously causes default under agreements with other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:635.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.85pt">lenders. To the extent that the Company fails to comply with the covenants contained in these financing agreements</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:647.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">or is otherwise found to be in default under the terms of such agreements, the counterparty has the right to accelerate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:659.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.86pt">amounts due under the master repurchase agreement. The Company believes it was in full compliance with all</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:671.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:379.28pt">covenants in master repurchase agreements under which there were amounts outstanding as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:451.28pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:531.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:686.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:432pt">The Company's repurchase agreements are subject to underlying agreements with master netting or similar</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:698.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">arrangements, which provide for the right of set off in the event of default or in the event of bankruptcy of either</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">party to the transactions. The Company reports its repurchase agreements to these arrangements on a gross basis.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">The following table presents information regarding the Company's repurchase agreements as if the Company had</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:141.51pt">presented them on a net basis as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:213.51pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:293.73pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:313.15999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.7pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:108pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:110.25pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:48pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51pt"></td></tr><tr style="height:24pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:57.66pt;width:110.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td rowspan="2" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:110.25pt;position:var(--position);width:60pt"><div><div style="line-height:10pt;position:var(--position);top:27.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.51pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:37.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.08pt;position:var(--position);text-decoration:none;white-space:pre">Amount of </span></div><div style="line-height:10pt;position:var(--position);top:47.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.58pt;position:var(--position);text-decoration:none;white-space:pre">Recognized </span></div><div style="line-height:10pt;position:var(--position);top:57.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.64pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:174pt;position:var(--position);width:48pt"><div><div style="line-height:10pt;position:var(--position);top:7.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.51pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:17.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.5pt;position:var(--position);text-decoration:none;white-space:pre">Amount </span></div><div style="line-height:10pt;position:var(--position);top:27.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.54pt;position:var(--position);text-decoration:none;white-space:pre">Offset in </span></div><div style="line-height:10pt;position:var(--position);top:37.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.34pt;position:var(--position);text-decoration:none;white-space:pre">the </span></div><div style="line-height:10pt;position:var(--position);top:47.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.07pt;position:var(--position);text-decoration:none;white-space:pre">Balance </span></div><div style="line-height:10pt;position:var(--position);top:57.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.34pt;position:var(--position);text-decoration:none;white-space:pre">Sheet</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);width:60pt"><div><div style="line-height:10pt;position:var(--position);top:17.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.76pt;position:var(--position);text-decoration:none;white-space:pre">Net Amount </span></div><div style="line-height:10pt;position:var(--position);top:27.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.22pt;position:var(--position);text-decoration:none;white-space:pre">of Liabilities </span></div><div style="line-height:10pt;position:var(--position);top:37.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.5pt;position:var(--position);text-decoration:none;white-space:pre">Presented in </span></div><div style="line-height:10pt;position:var(--position);top:47.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.16pt;position:var(--position);text-decoration:none;white-space:pre">the Balance </span></div><div style="line-height:10pt;position:var(--position);top:57.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.34pt;position:var(--position);text-decoration:none;white-space:pre">Sheet</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);width:123.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.58pt;width:123.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.32pt;position:var(--position);white-space:pre">Gross Amount Not Offset </span></div><div style="line-height:10pt;position:var(--position);top:13.58pt;width:123.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.68pt;position:var(--position);white-space:pre">in the Balance Sheet </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:102.49000000000001pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);width:51pt"><div><div style="line-height:10pt;position:var(--position);top:47.83pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.01pt;position:var(--position);text-decoration:none;white-space:pre">Net </span></div><div style="line-height:10pt;position:var(--position);top:57.83pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td></tr><tr style="height:44.25pt"><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:24pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.02pt;position:var(--position);text-decoration:none;white-space:pre">Financial </span></div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.9pt;position:var(--position);text-decoration:none;white-space:pre">Instruments </span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Posted as </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.64pt;position:var(--position);text-decoration:none;white-space:pre">Collateral</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:24pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.76pt;position:var(--position);text-decoration:none;white-space:pre">Cash Posted </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.94pt;position:var(--position);text-decoration:none;white-space:pre">as Collateral </span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026:</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Repurchase agreements</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:110.25pt;position:var(--position);top:81pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:3.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">24,190,276<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:174pt;position:var(--position);top:81pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:81pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:3.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">24,190,276<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:81pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:7.63pt;position:var(--position)">(24,190,276)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:81pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:81pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:36.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025:</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Repurchase agreements</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:110.25pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:3.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">13,904,231<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:174pt;position:var(--position);top:116.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:3.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">13,904,231<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:7.63pt;position:var(--position)">(13,904,231)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:116.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:36.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:246.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:15.1pt">(1)  </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:87.1pt;position:var(--position);text-decoration:none;white-space:pre;width:452.74pt">Amounts disclosed for collateral received by or posted to the same counterparty include cash and the fair value of MBS up to</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:257.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.86pt">and not exceeding the net amount of the repurchase agreement liability presented in the balance sheet. The fair value of the</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:268.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.92pt">total collateral received by or posted to the same counterparty may exceed the amounts presented. Please refer to the</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:278.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:450pt">consolidated balance sheets for the total fair value of financial instruments pledged as collateral for derivatives and</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:289.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.95pt">repurchase agreements, which is shown parenthetically, and the total cash pledged or received as collateral, which is</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:300.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:212.65pt">disclosed as “cash collateral posted to/by counterparties.”</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:323.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:49.22pt">Please see </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:157.22pt;position:var(--position);text-decoration:underline;white-space:pre;width:29.9pt"><a href="#ibfd3ca21147f4107909e10438b264875_34" style="color:inherit;text-decoration:inherit;z-index:1">Note 5</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:187.12pt;position:var(--position);text-decoration:none;white-space:pre;width:352.88pt"> for information related to the Company’s derivatives, which are also subject to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:270.77pt">underlying agreements with master netting or similar arrangements.</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:235.13pt">The Company’s repurchase agreements outstanding as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:343.13pt;position:var(--position);text-decoration:none;white-space:pre;width:81.36pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:424.49pt;position:var(--position);text-decoration:none;white-space:pre;width:20.57pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:445.06pt;position:var(--position);text-decoration:none;white-space:pre;width:79.68pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.74pt;position:var(--position);text-decoration:none;white-space:pre;width:15.26pt"> are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:138pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:143.71pt">summarized in the following tables:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.71pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:168pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:119.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:48pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);width:169.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:169.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:42.97pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:296.25pt;position:var(--position);width:171.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:171.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:45.49pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:44.25pt"><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15pt;width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Collateral Type</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:15pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.57pt;position:var(--position);text-decoration:none;white-space:pre">Balance</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:15pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.46pt;position:var(--position);text-decoration:none;white-space:pre">Weighted</span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.24pt;position:var(--position);text-decoration:none;white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.01pt;position:var(--position);text-decoration:none;white-space:pre">Rate</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:235.5pt;position:var(--position);top:15pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.61pt;position:var(--position);white-space:pre">Fair Value </span></div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:24.33pt;position:var(--position);white-space:pre">of </span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.14pt;position:var(--position);white-space:pre">Collateral </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.98pt;position:var(--position);white-space:pre">Pledged</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:40.83pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre"> (1)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:296.25pt;position:var(--position);top:15pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.57pt;position:var(--position);text-decoration:none;white-space:pre">Balance</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:15pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.58pt;position:var(--position);text-decoration:none;white-space:pre">Weighted</span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.37pt;position:var(--position);text-decoration:none;white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:15.13pt;position:var(--position);text-decoration:none;white-space:pre">Rate</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:15pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.61pt;position:var(--position);white-space:pre">Fair Value </span></div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:24.33pt;position:var(--position);white-space:pre">of </span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.14pt;position:var(--position);white-space:pre">Collateral </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.98pt;position:var(--position);white-space:pre">Pledged</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:40.83pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre"> (1)</span></div></div></div></td></tr><tr style="height:15pt"><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:119.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Agency RMBS</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">22,756,369<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:74.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:18.09pt;position:var(--position)"></span><span style="left:18.09pt;position:var(--position)">3.91<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:235.5pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">23,782,830<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:296.25pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">12,857,827<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:74.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:20.34pt;position:var(--position)"></span><span style="left:20.34pt;position:var(--position)">4.09<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">13,496,489<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Agency CMBS</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:89.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:10.29pt"></span></span><span style="left:12.919999999999998pt;position:var(--position)">1,370,224<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:89.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:18.09pt;position:var(--position)"></span><span style="left:18.09pt;position:var(--position)">3.92<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:235.5pt;position:var(--position);top:89.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:10.29pt"></span></span><span style="left:12.919999999999998pt;position:var(--position)">1,390,727<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:296.25pt;position:var(--position);top:89.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:17.79pt"></span></span><span style="left:20.419999999999998pt;position:var(--position)">967,024<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:89.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:20.34pt;position:var(--position)"></span><span style="left:20.34pt;position:var(--position)">4.07<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:89.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:10.29pt"></span></span><span style="left:12.919999999999998pt;position:var(--position)">1,012,532<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Agency CMBS IO</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:104.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.79pt"></span></span><span style="left:25.419999999999998pt;position:var(--position)">63,683<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:104.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:18.09pt;position:var(--position)"></span><span style="left:18.09pt;position:var(--position)">4.24<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:235.5pt;position:var(--position);top:104.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.79pt"></span></span><span style="left:25.419999999999998pt;position:var(--position)">65,784<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:296.25pt;position:var(--position);top:104.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.79pt"></span></span><span style="left:25.419999999999998pt;position:var(--position)">77,057<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:104.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:20.34pt;position:var(--position)"></span><span style="left:20.34pt;position:var(--position)">4.41<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:104.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.79pt"></span></span><span style="left:25.419999999999998pt;position:var(--position)">81,913<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:119.25pt;width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:119.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-Agency CMBS IO</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.29pt"></span></span><span style="left:42.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:119.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:25.59pt;position:var(--position)"></span><span style="left:25.59pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:235.5pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.29pt"></span></span><span style="left:42.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:296.25pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.79pt"></span></span><span style="left:30.419999999999998pt;position:var(--position)">2,323<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:119.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:20.34pt;position:var(--position)"></span><span style="left:20.34pt;position:var(--position)">4.72<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.79pt"></span></span><span style="left:30.419999999999998pt;position:var(--position)">2,536<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:119.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:119.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:134.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">24,190,276<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:183.75pt;position:var(--position);top:134.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:18.09pt;position:var(--position)"></span><span style="left:18.09pt;position:var(--position)">3.91<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:38.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:235.5pt;position:var(--position);top:134.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">25,239,341<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:296.25pt;position:var(--position);top:134.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">13,904,231<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357pt;position:var(--position);top:134.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:20.34pt;position:var(--position)"></span><span style="left:20.34pt;position:var(--position)">4.10<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:41.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:134.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">14,593,470<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:322.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt"> (1)  Amounts disclosed for fair value of collateral pledged include amounts pledged to cover margin calls, which may differ in</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:333.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:165.15pt">collateral type from the initial collateral type </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:255.15pt;position:var(--position);text-decoration:none;white-space:pre;width:30.73pt">pledged.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:354.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:118.77pt">The Company’s equity at risk</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:81.59pt"> did not exceed 10%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.36pt;position:var(--position);text-decoration:none;white-space:pre;width:140.69pt"> with any single counterparty as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:449.05pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:529.27pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:531.77pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:372.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:432pt">The following table provides information on the remaining term to maturity and original term to maturity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:384.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:269.93pt">for the Company’s repurchase agreements as of the dates indicated:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.93pt;position:var(--position);text-decoration:none;white-space:pre;width:5pt">  </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:396.65pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:97.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:101.25pt;position:var(--position);width:181.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:181.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:48.97pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="5" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:286.5pt;position:var(--position);width:181.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:181.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:50.37pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:44.25pt"><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:97.5pt"><div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:97.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Remaining Term to </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:97.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Maturity</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:101.25pt;position:var(--position);top:14.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.07pt;position:var(--position);text-decoration:none;white-space:pre">Balance</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:165pt;position:var(--position);top:14.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.96pt;position:var(--position);text-decoration:none;white-space:pre">Weighted</span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.74pt;position:var(--position);text-decoration:none;white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.51pt;position:var(--position);text-decoration:none;white-space:pre">Rate</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:14.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.39pt;position:var(--position);text-decoration:none;white-space:pre">WAVG </span></div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.46pt;position:var(--position);text-decoration:none;white-space:pre">Original </span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.16pt;position:var(--position);text-decoration:none;white-space:pre">Term to </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.07pt;position:var(--position);text-decoration:none;white-space:pre">Maturity</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:286.5pt;position:var(--position);top:14.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.07pt;position:var(--position);text-decoration:none;white-space:pre">Balance</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:14.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.96pt;position:var(--position);text-decoration:none;white-space:pre">Weighted</span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.74pt;position:var(--position);text-decoration:none;white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.51pt;position:var(--position);text-decoration:none;white-space:pre">Rate</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:14.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.39pt;position:var(--position);text-decoration:none;white-space:pre">WAVG </span></div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.46pt;position:var(--position);text-decoration:none;white-space:pre">Original </span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.16pt;position:var(--position);text-decoration:none;white-space:pre">Term to </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.07pt;position:var(--position);text-decoration:none;white-space:pre">Maturity</span></div></div></div></td></tr><tr style="height:15pt"><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:97.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:97.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:73.5pt;width:97.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:97.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less than 30 days</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:101.25pt;position:var(--position);top:73.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:3.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">10,662,438<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:165pt;position:var(--position);top:73.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.09pt;position:var(--position)"></span><span style="left:27.09pt;position:var(--position)">3.88<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:73.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.37pt;position:var(--position);text-decoration:none;white-space:pre">79</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:286.5pt;position:var(--position);top:73.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:8.29pt"></span></span><span style="left:15.919999999999998pt;position:var(--position)">9,146,566<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:73.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.09pt;position:var(--position)"></span><span style="left:27.09pt;position:var(--position)">4.11<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:73.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.37pt;position:var(--position);text-decoration:none;white-space:pre">75</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:97.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:97.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">30 to 90 days</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:101.25pt;position:var(--position);top:88.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:8.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">12,563,547<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:165pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.09pt;position:var(--position)"></span><span style="left:27.09pt;position:var(--position)">3.93<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.37pt;position:var(--position);text-decoration:none;white-space:pre">88</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:286.5pt;position:var(--position);top:88.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:13.29pt"></span></span><span style="left:15.919999999999998pt;position:var(--position)">4,757,665<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.09pt;position:var(--position)"></span><span style="left:27.09pt;position:var(--position)">4.07<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:44.37pt;position:var(--position);text-decoration:none;white-space:pre">94</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:97.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:97.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">91 to 180 days</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:101.25pt;position:var(--position);top:103.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">964,291<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:165pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.09pt;position:var(--position)"></span><span style="left:27.09pt;position:var(--position)">4.00<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:39.37pt;position:var(--position);text-decoration:none;white-space:pre">179</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:286.5pt;position:var(--position);top:103.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.59pt;position:var(--position)"></span><span style="left:34.59pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.29pt"></span></span><span style="left:42.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:118.5pt;width:97.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:97.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:101.25pt;position:var(--position);top:118.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:3.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">24,190,276<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:165pt;position:var(--position);top:118.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.09pt;position:var(--position)"></span><span style="left:27.09pt;position:var(--position)">3.91<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:118.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.29pt"></span></span><span style="left:42.92pt;position:var(--position)">87<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:286.5pt;position:var(--position);top:118.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:3.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">13,904,231<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:118.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.09pt;position:var(--position)"></span><span style="left:27.09pt;position:var(--position)">4.10<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:47.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:118.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.29pt"></span></span><span style="left:42.92pt;position:var(--position)">81<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 22756369000 0.0391 23782830000 12857827000 0.0409 13496489000 1370224000 0.0392 1390727000 967024000 0.0407 1012532000 63683000 0.0424 65784000 77057000 0.0441 81913000 0 0 0 2323000 0.0472 2536000 24190276000 0.0391 25239341000 13904231000 0.0410 14593470000 10662438000 0.0388 79 9146566000 0.0411 75 12563547000 0.0393 88 4757665000 0.0407 94 964291000 0.0400 179 0 0 0 24190276000 0.0391 87 13904231000 0.0410 81 137000000 95000000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">The following table presents information regarding the Company's repurchase agreements as if the Company had</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:141.51pt">presented them on a net basis as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:213.51pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:293.73pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:313.15999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.7pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:108pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:110.25pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:48pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51pt"></td></tr><tr style="height:24pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:57.66pt;width:110.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">($s in thousands)</span></div></div></div></td><td rowspan="2" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:110.25pt;position:var(--position);width:60pt"><div><div style="line-height:10pt;position:var(--position);top:27.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.51pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:37.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.08pt;position:var(--position);text-decoration:none;white-space:pre">Amount of </span></div><div style="line-height:10pt;position:var(--position);top:47.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.58pt;position:var(--position);text-decoration:none;white-space:pre">Recognized </span></div><div style="line-height:10pt;position:var(--position);top:57.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.64pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:174pt;position:var(--position);width:48pt"><div><div style="line-height:10pt;position:var(--position);top:7.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.51pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:17.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.5pt;position:var(--position);text-decoration:none;white-space:pre">Amount </span></div><div style="line-height:10pt;position:var(--position);top:27.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.54pt;position:var(--position);text-decoration:none;white-space:pre">Offset in </span></div><div style="line-height:10pt;position:var(--position);top:37.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.34pt;position:var(--position);text-decoration:none;white-space:pre">the </span></div><div style="line-height:10pt;position:var(--position);top:47.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.07pt;position:var(--position);text-decoration:none;white-space:pre">Balance </span></div><div style="line-height:10pt;position:var(--position);top:57.83pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.34pt;position:var(--position);text-decoration:none;white-space:pre">Sheet</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);width:60pt"><div><div style="line-height:10pt;position:var(--position);top:17.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.76pt;position:var(--position);text-decoration:none;white-space:pre">Net Amount </span></div><div style="line-height:10pt;position:var(--position);top:27.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.22pt;position:var(--position);text-decoration:none;white-space:pre">of Liabilities </span></div><div style="line-height:10pt;position:var(--position);top:37.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.5pt;position:var(--position);text-decoration:none;white-space:pre">Presented in </span></div><div style="line-height:10pt;position:var(--position);top:47.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.16pt;position:var(--position);text-decoration:none;white-space:pre">the Balance </span></div><div style="line-height:10pt;position:var(--position);top:57.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.34pt;position:var(--position);text-decoration:none;white-space:pre">Sheet</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);width:123.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.58pt;width:123.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.32pt;position:var(--position);white-space:pre">Gross Amount Not Offset </span></div><div style="line-height:10pt;position:var(--position);top:13.58pt;width:123.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.68pt;position:var(--position);white-space:pre">in the Balance Sheet </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:102.49000000000001pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);width:51pt"><div><div style="line-height:10pt;position:var(--position);top:47.83pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.01pt;position:var(--position);text-decoration:none;white-space:pre">Net </span></div><div style="line-height:10pt;position:var(--position);top:57.83pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td></tr><tr style="height:44.25pt"><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:24pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.02pt;position:var(--position);text-decoration:none;white-space:pre">Financial </span></div><div style="line-height:10pt;position:var(--position);top:13.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.9pt;position:var(--position);text-decoration:none;white-space:pre">Instruments </span></div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Posted as </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.64pt;position:var(--position);text-decoration:none;white-space:pre">Collateral</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:24pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.76pt;position:var(--position);text-decoration:none;white-space:pre">Cash Posted </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.94pt;position:var(--position);text-decoration:none;white-space:pre">as Collateral </span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026:</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Repurchase agreements</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:110.25pt;position:var(--position);top:81pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:3.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">24,190,276<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:174pt;position:var(--position);top:81pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:81pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:3.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">24,190,276<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:81pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:7.63pt;position:var(--position)">(24,190,276)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:81pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:81pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:36.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025:</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:110.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:110.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Repurchase agreements</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:110.25pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:3.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">13,904,231<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:174pt;position:var(--position);top:116.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:48pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:3.29pt"></span></span><span style="left:10.919999999999998pt;position:var(--position)">13,904,231<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:7.63pt;position:var(--position)">(13,904,231)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:116.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:36.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:246.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:15.1pt">(1)  </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:87.1pt;position:var(--position);text-decoration:none;white-space:pre;width:452.74pt">Amounts disclosed for collateral received by or posted to the same counterparty include cash and the fair value of MBS up to</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:257.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.86pt">and not exceeding the net amount of the repurchase agreement liability presented in the balance sheet. The fair value of the</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:268.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.92pt">total collateral received by or posted to the same counterparty may exceed the amounts presented. Please refer to the</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:278.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:450pt">consolidated balance sheets for the total fair value of financial instruments pledged as collateral for derivatives and</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:289.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.95pt">repurchase agreements, which is shown parenthetically, and the total cash pledged or received as collateral, which is</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:300.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:212.65pt">disclosed as “cash collateral posted to/by counterparties.”</span></div> 24190276000 0 24190276000 24190276000 0 0 13904231000 0 13904231000 13904231000 0 0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:117.81pt;position:var(--position);text-decoration:none;white-space:pre;width:69.42pt">DERIVATIVES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:377.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Types and Uses of Derivative Instruments</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:395.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:104.8pt">Interest Rate Derivatives.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:212.8pt;position:var(--position);text-decoration:none;white-space:pre;width:327.19pt"> The Company frequently changes the type of derivative instruments it uses to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:407.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">mitigate the impact of changing interest rates on its repurchase agreement financing costs and the fair value of its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:419.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:50.22pt">investments.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.22pt;position:var(--position);text-decoration:none;white-space:pre;width:59.63pt"> Please refer to</span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.85pt;position:var(--position);text-decoration:underline;white-space:pre;width:29.42pt"><a href="#ibfd3ca21147f4107909e10438b264875_22" style="color:inherit;text-decoration:inherit;z-index:1"> Note 1</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:211.27pt;position:var(--position);text-decoration:none;white-space:pre;width:317.2pt"> for descriptions of these instruments and how the Company accounts for them.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:437.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:78pt">TBA Transactions. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:186pt;position:var(--position);text-decoration:none;white-space:pre;width:353.96pt">The Company purchases TBA securities as a means of investing in non-specified fixed-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:449.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.85pt">rate Agency RMBS and may also periodically sell TBA securities as a means of economically hedging its exposure</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:461.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:74.12pt">to Agency RMBS.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.12pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.62pt;position:var(--position);text-decoration:none;white-space:pre;width:59.63pt">Please refer to </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.25pt;position:var(--position);text-decoration:underline;white-space:pre;width:26.92pt"><a href="#ibfd3ca21147f4107909e10438b264875_22" style="color:inherit;text-decoration:inherit;z-index:1">Note 1</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:235.17pt;position:var(--position);text-decoration:none;white-space:pre;width:177.29pt"> for more information about these securities.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:479.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.93pt">The table below provides detail of the Company’s gains and losses by type of derivative instrument for the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:491.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:71.29pt">periods indicated:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.29000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:503.3pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:188.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:5.25pt"></td><td style="padding:0;width:67.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:66.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);width:133.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.22pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);width:137.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:137.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:25.86pt;position:var(--position);text-decoration:none;white-space:pre">Nine Months Ended</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:14.25pt;width:133.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.22pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:14.25pt;width:137.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:137.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:38.09pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Type of Derivative Instrument</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:28.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:260.25pt;position:var(--position);top:28.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:28.5pt;width:67.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:67.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:23.75pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:28.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:23.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">U.S. Treasury futures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">377,310<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:260.25pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(20,423)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:57.75pt;width:67.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:67.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:23.29pt"></span></span><span style="left:30.919999999999998pt;position:var(--position)">429,186<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:57.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.21pt"></span></span><span style="left:31.84pt;position:var(--position)">(58,451)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaps</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:72.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">790,517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:260.25pt;position:var(--position);top:72.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(16,055)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:72.75pt;width:67.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:67.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">1,012,587<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:72.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.21pt"></span></span><span style="left:26.84pt;position:var(--position)">(204,985)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaptions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(2,581)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:260.25pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(1,279)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:87.75pt;width:67.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:67.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.96pt"></span></span><span style="left:37.59pt;position:var(--position)">(7,190)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:87.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.71pt"></span></span><span style="left:44.34pt;position:var(--position)">(286)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options on U.S. Treasury futures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">743<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:260.25pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.21pt"></span></span><span style="left:42.84pt;position:var(--position)">(508)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:102.75pt;width:67.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:67.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.96pt"></span></span><span style="left:37.59pt;position:var(--position)">(1,914)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:102.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.71pt"></span></span><span style="left:44.34pt;position:var(--position)">(508)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:117.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:25.34pt;position:var(--position)">(124,902)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:260.25pt;position:var(--position);top:117.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">27,571<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:117.75pt;width:67.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:67.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.96pt"></span></span><span style="left:27.59pt;position:var(--position)">(158,010)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:117.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.54pt"></span></span><span style="left:35.17pt;position:var(--position)">77,355<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Gain (loss) on derivative instruments, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:132.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,041,087<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:260.25pt;position:var(--position);top:132.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(10,694)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:132.75pt;width:67.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:67.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">1,274,659<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:132.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:19.21pt"></span></span><span style="left:26.84pt;position:var(--position)">(186,875)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:668.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.96pt">The table below provides the carrying amount by type of derivative instrument comprising the Company’s</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:680.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:360.86pt">derivative assets and liabilities on its consolidated balance sheets as of the dates indicated:</span></div><div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:136.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:105.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:83.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:63.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:63.75pt"></td></tr><tr style="height:24.75pt"><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Type of Derivative Instrument</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:140.25pt;position:var(--position);width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:105.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance Sheet Location</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Purpose</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.84pt;position:var(--position);text-decoration:none;white-space:pre">September </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.37pt;position:var(--position);text-decoration:none;white-space:pre">30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:404.25pt;position:var(--position);width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.74pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.87pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24.75pt;width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39.75pt;width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options on U.S. Treasury </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">futures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:140.25pt;position:var(--position);top:39.75pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:105.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:39.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Economic hedging</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:39.75pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:49.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:404.25pt;position:var(--position);top:39.75pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.54pt"></span></span><span style="left:37.17pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:140.25pt;position:var(--position);top:64.5pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:105.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:64.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investing</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:64.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:47.04pt"></span></span><span style="left:49.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:404.25pt;position:var(--position);top:64.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:37.17pt;position:var(--position)">7,841<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:79.5pt;width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Total derivatives assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:79.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:49.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:404.25pt;position:var(--position);top:79.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.54pt"></span></span><span style="left:32.17pt;position:var(--position)">10,498<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaptions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:140.25pt;position:var(--position);top:110.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:105.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:110.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Economic hedging</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:110.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.54pt"></span></span><span style="left:32.17pt;position:var(--position)">11,236<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:404.25pt;position:var(--position);top:110.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.54pt"></span></span><span style="left:37.17pt;position:var(--position)">4,045<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:125.25pt;width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:140.25pt;position:var(--position);top:125.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:105.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:125.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investing</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:125.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.54pt"></span></span><span style="left:32.17pt;position:var(--position)">78,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:404.25pt;position:var(--position);top:125.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">785<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Total derivatives liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:140.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.54pt"></span></span><span style="left:32.17pt;position:var(--position)">89,336<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:404.25pt;position:var(--position);top:140.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.54pt"></span></span><span style="left:37.17pt;position:var(--position)">4,830<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:238.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:388.84pt">The Company’s U.S. Treasury futures and interest rate swaps have a carrying value of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.84pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">$0</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:506.84pt;position:var(--position);text-decoration:none;white-space:pre;width:33.12pt"> on the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">Company’s consolidated balance sheets because the daily margin exchanged for these instruments is considered</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">legal settlement of the derivatives as opposed to a pledge of collateral. The Company’s U.S. Treasury futures,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:274.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:313.48pt">excluding the recognition of variation margin settlements, were in a net </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:385.48pt;position:var(--position);text-decoration:none;white-space:pre;width:19.41pt">asset</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:404.89pt;position:var(--position);text-decoration:none;white-space:pre;width:4.82pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.71pt;position:var(--position);text-decoration:none;white-space:pre;width:32.2pt">position</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:441.91pt;position:var(--position);text-decoration:none;white-space:pre;width:17.97pt"> of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:459.88pt;position:var(--position);text-decoration:none;white-space:pre;width:53.67pt">$240 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:513.55pt;position:var(--position);text-decoration:none;white-space:pre;width:26.29pt"> as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:286.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:80.28pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.28pt;position:var(--position);text-decoration:none;white-space:pre;width:57.82pt"> and a net asse</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:210.1pt;position:var(--position);text-decoration:none;white-space:pre;width:50.89pt">t position of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:260.99pt;position:var(--position);text-decoration:none;white-space:pre;width:46.38pt">$22 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:307.37pt;position:var(--position);text-decoration:none;white-space:pre;width:6.96pt"> a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:314.33000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:17.28pt">s of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:331.61pt;position:var(--position);text-decoration:none;white-space:pre;width:78.6pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:410.21pt;position:var(--position);text-decoration:none;white-space:pre;width:129.73pt">, and its interest rate swaps were</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:298.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:102.79pt">in a net asset position of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.79000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:3.69pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.48000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:52.54pt">$947 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:231.02pt;position:var(--position);text-decoration:none;white-space:pre;width:8.12pt"> a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:239.14pt;position:var(--position);text-decoration:none;white-space:pre;width:19.6pt">s of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:258.74pt;position:var(--position);text-decoration:none;white-space:pre;width:82.6pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.34pt;position:var(--position);text-decoration:none;white-space:pre;width:120.35pt"> and net liability position of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:461.69pt;position:var(--position);text-decoration:none;white-space:pre;width:54.2pt">$(46) million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:515.89pt;position:var(--position);text-decoration:none;white-space:pre;width:24.03pt"> as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:310.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:82.36pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:154.36pt;position:var(--position);text-decoration:none;white-space:pre;width:385.49pt">. The amount of cash posted by the Company to cover required initial margin for its U.S.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:322.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:195.48pt">Treasury futures and its interest rate swaps wa</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:267.48pt;position:var(--position);text-decoration:none;white-space:pre;width:7.88pt">s </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:275.36pt;position:var(--position);text-decoration:none;white-space:pre;width:52.84pt">$737 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:328.2pt;position:var(--position);text-decoration:none;white-space:pre;width:8.42pt"> a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.62pt;position:var(--position);text-decoration:none;white-space:pre;width:20.2pt">s of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:356.82pt;position:var(--position);text-decoration:none;white-space:pre;width:83.2pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.02pt;position:var(--position);text-decoration:none;white-space:pre;width:22.41pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:462.43pt;position:var(--position);text-decoration:none;white-space:pre;width:52.84pt">$392 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:515.27pt;position:var(--position);text-decoration:none;white-space:pre;width:24.63pt"> as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:334.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:81.74pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:153.74pt;position:var(--position);text-decoration:none;white-space:pre;width:386.17pt">, which was recorded within “cash collateral posted to counterparties.” The Company had a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:346.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:89.5pt">margin receivable of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.5pt;position:var(--position);text-decoration:none;white-space:pre;width:47.8pt">$52 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:209.3pt;position:var(--position);text-decoration:none;white-space:pre;width:28.5pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:237.8pt;position:var(--position);text-decoration:none;white-space:pre;width:83.12pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:320.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:22.33pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:343.25pt;position:var(--position);text-decoration:none;white-space:pre;width:47.8pt">$17 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.05pt;position:var(--position);text-decoration:none;white-space:pre;width:28.5pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:419.55pt;position:var(--position);text-decoration:none;white-space:pre;width:81.44pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:500.99pt;position:var(--position);text-decoration:none;white-space:pre;width:38.9pt"> recorded</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:358.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:32.46pt">within “</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.46000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:91.55pt">due from counterpartie</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.01pt;position:var(--position);text-decoration:none;white-space:pre;width:10.82pt">s.”</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:376.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.9pt">The table below presents information regarding the Company’s short positions in SOFR-based interest rate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:388.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:145.37pt">swaps held as of the dates indicated:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:406.25pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:146.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:77.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:78pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:77.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:77.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);width:158.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:158.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:37.34pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);width:157.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:157.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:38.37pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:35.25pt"><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.67pt;width:146.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Pay Fixed Interest Rate Swaps - </span></div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:146.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Years to Maturity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:79.78pt;position:var(--position);white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:15.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:20.3pt;position:var(--position);text-decoration:none;white-space:pre">Notional </span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:15.75pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:4.83pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.46pt;position:var(--position);text-decoration:none;white-space:pre">Weighted </span></div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.24pt;position:var(--position);text-decoration:none;white-space:pre">Average</span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.53pt;position:var(--position);text-decoration:none;white-space:pre">Pay Fixed Rate</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:15.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:20.3pt;position:var(--position);text-decoration:none;white-space:pre">Notional </span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:15.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.83pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.08pt;position:var(--position);text-decoration:none;white-space:pre">Weighted </span></div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:20.87pt;position:var(--position);text-decoration:none;white-space:pre">Average</span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.15pt;position:var(--position);text-decoration:none;white-space:pre">Pay Fixed Rate</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.16pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">1-3 years</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:66.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:33.17pt;position:var(--position)">1,925,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:66.75pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.09pt;position:var(--position)"></span><span style="left:48.09pt;position:var(--position)">3.63<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:66.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:66.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:54.84pt;position:var(--position)"></span><span style="left:54.84pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">3-5 years</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:81.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">4,080,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:81.75pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.09pt;position:var(--position)"></span><span style="left:48.09pt;position:var(--position)">3.63<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:81.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">2,450,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:81.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:47.34pt;position:var(--position)"></span><span style="left:47.34pt;position:var(--position)">3.42<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">5-7 years </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:96.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">4,820,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:96.75pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.09pt;position:var(--position)"></span><span style="left:48.09pt;position:var(--position)">3.85<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:96.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">4,070,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:96.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:47.34pt;position:var(--position)"></span><span style="left:47.34pt;position:var(--position)">3.66<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:112.5pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">7-10 years</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:112.5pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">5,845,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:112.5pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.09pt;position:var(--position)"></span><span style="left:48.09pt;position:var(--position)">3.93<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:112.5pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">3,090,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:112.5pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:47.34pt;position:var(--position)"></span><span style="left:47.34pt;position:var(--position)">3.87<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">10-15 years </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:128.25pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">142,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:128.25pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.09pt;position:var(--position)"></span><span style="left:48.09pt;position:var(--position)">4.79<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:128.25pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.04pt"></span></span><span style="left:45.67pt;position:var(--position)">75,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:128.25pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:47.34pt;position:var(--position)"></span><span style="left:47.34pt;position:var(--position)">3.77<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:144pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">15-20 years</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:144pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">785,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:144pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.09pt;position:var(--position)"></span><span style="left:48.09pt;position:var(--position)">4.39<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:144pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:144pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:54.84pt;position:var(--position)"></span><span style="left:54.84pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:159.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:28.169999999999998pt;position:var(--position)">17,597,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:159.75pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.09pt;position:var(--position)"></span><span style="left:48.09pt;position:var(--position)">3.83<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:159.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:33.17pt;position:var(--position)">9,685,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:159.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:47.34pt;position:var(--position)"></span><span style="left:47.34pt;position:var(--position)">3.66<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.17pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:592.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.89pt">The table below presents information regarding the short positions in U.S. Treasury futures held as of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:604.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:62.39pt">dates indicated:</span></div></div><div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:276pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:93pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:93pt"></td></tr><tr style="height:15.75pt"><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">U.S. Treasury Futures</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.72pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.12pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.16pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">5-year U.S. Treasury futures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:31.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.46pt"></span></span><span style="left:53.09pt;position:var(--position)">(650,000)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:31.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.46pt"></span></span><span style="left:58.09pt;position:var(--position)">(30,000)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">10-year U.S. Treasury futures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:47.25pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(2,893,700)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:47.25pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(1,475,000)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">30-year U.S. Treasury futures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:63pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(3,132,800)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:63pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(1,153,500)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:78.75pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(6,676,500)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:78.75pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(2,658,500)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:177.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.89pt">The table below presents information regarding the long positions in SOFR-based interest rate swaptions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:189.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:336.9pt">and options on U.S. Treasury futures held by the Company as of the dates indicated:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:207.5pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:105pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:68.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:105pt;position:var(--position);width:223.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:223.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:96.75pt;position:var(--position);text-decoration:none;white-space:pre">Option</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:22.87pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Financial </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:44.09pt;position:var(--position);text-decoration:none;white-space:pre">Instrument</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24.75pt;width:105pt"><div><div style="line-height:10pt;position:var(--position);top:14.16pt;width:105pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:105pt;position:var(--position);top:24.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.62pt;position:var(--position);white-space:pre">Cost </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:34.56pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162.75pt;position:var(--position);top:24.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.48pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:220.5pt;position:var(--position);top:24.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:50.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.42pt;position:var(--position);white-space:pre">Carrying </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:50.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.6pt;position:var(--position);white-space:pre">Value </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:35.08pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273.75pt;position:var(--position);top:24.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.05pt;position:var(--position);text-decoration:none;white-space:pre">Notional </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.87pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:24.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.19pt;position:var(--position);text-decoration:none;white-space:pre">Average Fixed </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.53pt;position:var(--position);text-decoration:none;white-space:pre">Receive Rate</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:24.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:16.38pt;position:var(--position);text-decoration:none;white-space:pre">Type of </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.47pt;position:var(--position);text-decoration:none;white-space:pre">Instrument</span></div></div></div></td></tr><tr style="height:14.25pt"><td colspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:159.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.83pt;width:159.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:27.07pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:110.63pt;position:var(--position);white-space:pre">:</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:105pt"><div><div style="line-height:10pt;position:var(--position);top:13.42pt;width:105pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaptions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:105pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">11,725<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:162.75pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.04pt"></span></span><span style="left:35.67pt;position:var(--position)">489<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:220.5pt;position:var(--position);top:63.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.71pt"></span></span><span style="left:15.34pt;position:var(--position)">(11,236)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:273.75pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">750,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:63.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.15pt;position:var(--position);text-decoration:none;white-space:pre">3.25%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:63.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">5 year SOFR-</span></div><div style="line-height:10pt;position:var(--position);top:13.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">based swap</span></div></div></div></td></tr><tr style="height:35.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:105pt"><div><div style="line-height:10pt;position:var(--position);top:14.67pt;width:105pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options on U.S. </span></div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:105pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury futures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:105pt;position:var(--position);top:87.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:162.75pt;position:var(--position);top:87.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:220.5pt;position:var(--position);top:87.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.54pt"></span></span><span style="left:36.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:273.75pt;position:var(--position);top:87.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:87.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.96pt;position:var(--position);text-decoration:none;white-space:pre">n/a</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">10-year U.S. </span></div><div style="line-height:10pt;position:var(--position);top:14.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury </span></div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">future</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td colspan="2" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:159.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:159.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31, 2025:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147pt;width:105pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:105pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaptions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:105pt;position:var(--position);top:147pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">11,725<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:162.75pt;position:var(--position);top:147pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:28.169999999999998pt;position:var(--position)">7,680<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:220.5pt;position:var(--position);top:147pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.71pt"></span></span><span style="left:20.34pt;position:var(--position)">(4,045)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:273.75pt;position:var(--position);top:147pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">750,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:147pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.15pt;position:var(--position);text-decoration:none;white-space:pre">3.25%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:147pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">5 year SOFR-</span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">based swap</span></div></div></div></td></tr><tr style="height:35.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171.75pt;width:105pt"><div><div style="line-height:10pt;position:var(--position);top:14.67pt;width:105pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options on U.S. </span></div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:105pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury futures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:105pt;position:var(--position);top:171.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:28.169999999999998pt;position:var(--position)">3,981<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:162.75pt;position:var(--position);top:171.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:28.169999999999998pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:220.5pt;position:var(--position);top:171.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:23.669999999999998pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:273.75pt;position:var(--position);top:171.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">500,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:171.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.96pt;position:var(--position);text-decoration:none;white-space:pre">n/a</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:171.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">10-year U.S. </span></div><div style="line-height:10pt;position:var(--position);top:14.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury </span></div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">future</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:425.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:10.48pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:450pt">The Company pays the premium for its interest rate swaptions at the end of the option period, so the carrying value on the</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.96pt">Company's consolidated balance sheets is fair value, net of the payable for the unpaid premium as of the periods indicated.</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.84pt">The Company pays the premium for its options on U.S. Treasury futures at inception, so the carrying value is equal to the</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:457.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:134.69pt">fair value as of the periods indicated.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:474.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.94pt">The following table summarizes information about the notional amounts of the Company's long positions in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:486.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:161.43pt">TBA securities as of the dates indicated:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:233.43pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:498.7pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:261pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:100.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:100.5pt"></td></tr><tr style="height:14.25pt"><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:261pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:261pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.47pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.87pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:261pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:261pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:261pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:261pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Implied market value </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:90.56pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:29.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:48.79pt"></span></span><span style="left:56.42pt;position:var(--position)">2,417,275<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:29.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:48.79pt"></span></span><span style="left:56.42pt;position:var(--position)">3,121,122<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:44.25pt;width:261pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:261pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Implied cost basis </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:77.27pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:44.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:56.42pt;position:var(--position)">2,495,375<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:44.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:56.42pt;position:var(--position)">3,114,066<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:261pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:261pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Net carrying value </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:79.47pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:59.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:57.96pt"></span></span><span style="left:65.59pt;position:var(--position)">(78,100)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:59.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:66.29pt"></span></span><span style="left:73.92pt;position:var(--position)">7,056<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:577.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:12.73pt">(1) </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:84.73pt;position:var(--position);text-decoration:none;white-space:pre;width:404.95pt">Implied market value represents the estimated fair value of the underlying Agency MBS as of the dates indicated</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:489.68pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt">.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:588.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:12.73pt">(2) </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:84.73pt;position:var(--position);text-decoration:none;white-space:pre;width:413.51pt">Implied cost basis represents the forward price to be paid for the underlying Agency MBS as of the dates indicated</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:498.24pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt">.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:599.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:13.36pt">(3) </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:85.36pt;position:var(--position);text-decoration:none;white-space:pre;width:454.52pt">Net carrying value represents the difference between the implied market value and the implied cost basis of the Company’s</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:610.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:454.33pt">TBA securities as of the dates indicated. The total shown is the net amount included on the consolidated balance sheets as</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:621.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:72.4pt">derivative assets of </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:157.9pt;position:var(--position);text-decoration:none;white-space:pre;width:12.5pt">$—</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:170.4pt;position:var(--position);text-decoration:none;white-space:pre;width:103.7pt"> and derivative liabilities of </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:274.1pt;position:var(--position);text-decoration:none;white-space:pre;width:29.25pt">$78,100</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:303.35pt;position:var(--position);text-decoration:none;white-space:pre;width:22.95pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:326.3pt;position:var(--position);text-decoration:none;white-space:pre;width:72.51pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:398.81pt;position:var(--position);text-decoration:none;white-space:pre;width:16.15pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:414.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.65pt"> </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:417.61pt;position:var(--position);text-decoration:none;white-space:pre;width:24.75pt">$7,841</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:442.36pt;position:var(--position);text-decoration:none;white-space:pre;width:18.8pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:461.16pt;position:var(--position);text-decoration:none;white-space:pre;width:18pt">$785</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:479.16pt;position:var(--position);text-decoration:none;white-space:pre;width:60.74pt">, respectively, as</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:631.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:9.25pt">of </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:94.75pt;position:var(--position);text-decoration:none;white-space:pre;width:70.69pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:165.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:654.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:76.55pt">Volume of Activity</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:672.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:354.94pt">The table below summarizes changes in the Company’s derivative instruments for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:462.94pt;position:var(--position);text-decoration:none;white-space:pre;width:77.03pt">nine months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:684.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.22pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div></div><div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:144pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:85.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:84pt"></td></tr><tr style="height:35.25pt"><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:144pt"><div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Type of Derivative Instrument</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.09pt;position:var(--position);text-decoration:none;white-space:pre">Beginning</span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.67pt;position:var(--position);text-decoration:none;white-space:pre">Notional Amount</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.04pt;position:var(--position);text-decoration:none;white-space:pre">Additions</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.83pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.93pt;position:var(--position);text-decoration:none;white-space:pre">Settlements,</span></div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.76pt;position:var(--position);text-decoration:none;white-space:pre">Terminations,</span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.93pt;position:var(--position);text-decoration:none;white-space:pre">or Pair-Offs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);width:84pt"><div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:26.44pt;position:var(--position);text-decoration:none;white-space:pre">Ending</span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.92pt;position:var(--position);text-decoration:none;white-space:pre">Notional Amount</span></div></div></div></td></tr><tr style="height:15pt"><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:35.25pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:50.25pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Short positions:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">U.S. Treasury futures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:64.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.46pt"></span></span><span style="left:38.09pt;position:var(--position)">(2,658,500)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:64.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.71pt"></span></span><span style="left:17.34pt;position:var(--position)">(30,585,500)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:64.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.04pt"></span></span><span style="left:20.669999999999998pt;position:var(--position)">26,567,500<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:64.5pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.96pt"></span></span><span style="left:36.59pt;position:var(--position)">(6,676,500)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Pay-fixed interest rate swaps</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:78.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.79pt"></span></span><span style="left:41.42pt;position:var(--position)">9,685,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:78.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:23.04pt"></span></span><span style="left:25.669999999999998pt;position:var(--position)">8,892,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:78.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.21pt"></span></span><span style="left:29.84pt;position:var(--position)">(980,000)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:78.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.29pt"></span></span><span style="left:34.92pt;position:var(--position)">17,597,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:21.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:11.33pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Long positions: </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:115.5pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaptions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:115.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.29pt"></span></span><span style="left:48.92pt;position:var(--position)">750,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:115.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:115.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:115.5pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.79pt"></span></span><span style="left:47.42pt;position:var(--position)">750,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:130.5pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options on U.S. Treasury futures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:130.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.29pt"></span></span><span style="left:48.92pt;position:var(--position)">500,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:130.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">887,600<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:130.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.71pt"></span></span><span style="left:22.34pt;position:var(--position)">(1,387,600)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:130.5pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:67.29pt"></span></span><span style="left:69.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:145.5pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:145.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.79pt"></span></span><span style="left:41.42pt;position:var(--position)">3,189,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:145.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.04pt"></span></span><span style="left:20.669999999999998pt;position:var(--position)">33,500,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:145.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.71pt"></span></span><span style="left:17.34pt;position:var(--position)">(34,126,000)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:145.5pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.29pt"></span></span><span style="left:39.92pt;position:var(--position)">2,563,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:249.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:41.07pt">Offsetting</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:267.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.91pt">The Company's derivatives are subject to underlying agreements with master netting or similar</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:279.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">arrangements, which provide for the right of set off in the event of default or in the event of bankruptcy of either</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:291.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">party to the transactions. The Company reports its derivative assets and liabilities subject to these arrangements on a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:303.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:98.25pt">gross basis. Please see </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:170.25pt;position:var(--position);text-decoration:underline;white-space:pre;width:28.52pt"><a href="#ibfd3ca21147f4107909e10438b264875_31" style="color:inherit;text-decoration:inherit;z-index:1">Note 4</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:198.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:341.09pt"> for information related to the Company’s repurchase agreements, which are also</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:315.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:344.73pt">subject to underlying agreements with master netting or similar arrangements. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:416.73pt;position:var(--position);text-decoration:none;white-space:pre;width:123.15pt">The following tables present</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:327.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">information regarding those derivative assets and liabilities subject to such arrangements as if the Company had</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:339.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:141.51pt">presented them on a net basis as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:213.51pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:293.73pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:313.15999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.7pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:351.5pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:98.25pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="11" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);width:369.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:369.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:143.51pt;position:var(--position);text-decoration:none;white-space:pre">Offsetting of Assets</span></div></div></div></td></tr><tr style="height:24pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:62.16pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:12.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:32.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.51pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:42.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.08pt;position:var(--position);text-decoration:none;white-space:pre">Amount of </span></div><div style="line-height:10pt;position:var(--position);top:52.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.58pt;position:var(--position);text-decoration:none;white-space:pre">Recognized </span></div><div style="line-height:10pt;position:var(--position);top:62.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:16.67pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:12.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:22.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.51pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:32.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.5pt;position:var(--position);text-decoration:none;white-space:pre">Amount </span></div><div style="line-height:10pt;position:var(--position);top:42.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.63pt;position:var(--position);text-decoration:none;white-space:pre">Offset in the </span></div><div style="line-height:10pt;position:var(--position);top:52.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.07pt;position:var(--position);text-decoration:none;white-space:pre">Balance </span></div><div style="line-height:10pt;position:var(--position);top:62.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.34pt;position:var(--position);text-decoration:none;white-space:pre">Sheet</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:12.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:22.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.76pt;position:var(--position);text-decoration:none;white-space:pre">Net Amount </span></div><div style="line-height:10pt;position:var(--position);top:32.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.26pt;position:var(--position);text-decoration:none;white-space:pre">of Assets </span></div><div style="line-height:10pt;position:var(--position);top:42.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.5pt;position:var(--position);text-decoration:none;white-space:pre">Presented in </span></div><div style="line-height:10pt;position:var(--position);top:52.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.16pt;position:var(--position);text-decoration:none;white-space:pre">the Balance </span></div><div style="line-height:10pt;position:var(--position);top:62.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.34pt;position:var(--position);text-decoration:none;white-space:pre">Sheet</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:12.75pt;width:123.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.58pt;width:123.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.32pt;position:var(--position);white-space:pre">Gross Amount Not Offset </span></div><div style="line-height:10pt;position:var(--position);top:13.58pt;width:123.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.68pt;position:var(--position);white-space:pre">in the Balance Sheet </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:102.49000000000001pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:12.75pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:52.33pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.01pt;position:var(--position);text-decoration:none;white-space:pre">Net </span></div><div style="line-height:10pt;position:var(--position);top:62.33pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td></tr><tr style="height:48.75pt"><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:36.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:8.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.02pt;position:var(--position);text-decoration:none;white-space:pre">Financial </span></div><div style="line-height:10pt;position:var(--position);top:18.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.9pt;position:var(--position);text-decoration:none;white-space:pre">Instruments </span></div><div style="line-height:10pt;position:var(--position);top:28.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.17pt;position:var(--position);text-decoration:none;white-space:pre">Received as </span></div><div style="line-height:10pt;position:var(--position);top:38.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.64pt;position:var(--position);text-decoration:none;white-space:pre">Collateral</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:36.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:18.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:19.16pt;position:var(--position);text-decoration:none;white-space:pre">Cash </span></div><div style="line-height:10pt;position:var(--position);top:28.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.17pt;position:var(--position);text-decoration:none;white-space:pre">Received as </span></div><div style="line-height:10pt;position:var(--position);top:38.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.64pt;position:var(--position);text-decoration:none;white-space:pre">Collateral </span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options on U.S. </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury futures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:101.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:36.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:126pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:126pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:126pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:126pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:126pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:126pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:36.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative assets</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:141pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:141pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:141pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:141pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:141pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:141pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:36.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:170.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options on U.S. </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury futures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:170.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:170.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:170.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:170.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:170.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:170.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.79pt"></span></span><span style="left:24.419999999999998pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:195pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:195pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">7,841<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:195pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:195pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">7,841<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:195pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.96pt"></span></span><span style="left:37.59pt;position:var(--position)">(689)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:195pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.46pt"></span></span><span style="left:30.09pt;position:var(--position)">(6,333)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:195pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:31.919999999999998pt;position:var(--position)">819<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:210pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative assets</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:210pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">10,498<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:210pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:210pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">10,498<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:210pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.96pt"></span></span><span style="left:37.59pt;position:var(--position)">(689)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:210pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.46pt"></span></span><span style="left:30.09pt;position:var(--position)">(6,333)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:210pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.79pt"></span></span><span style="left:24.419999999999998pt;position:var(--position)">3,476<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:98.25pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="11" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);width:369.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:369.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:135.48pt;position:var(--position);text-decoration:none;white-space:pre">Offsetting of Liabilities</span></div></div></div></td></tr><tr style="height:24pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:63.66pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:12.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.51pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:43.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.08pt;position:var(--position);text-decoration:none;white-space:pre">Amount of </span></div><div style="line-height:10pt;position:var(--position);top:53.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.58pt;position:var(--position);text-decoration:none;white-space:pre">Recognized </span></div><div style="line-height:10pt;position:var(--position);top:63.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.64pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:12.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.51pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.5pt;position:var(--position);text-decoration:none;white-space:pre">Amount </span></div><div style="line-height:10pt;position:var(--position);top:43.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.63pt;position:var(--position);text-decoration:none;white-space:pre">Offset in the </span></div><div style="line-height:10pt;position:var(--position);top:53.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.07pt;position:var(--position);text-decoration:none;white-space:pre">Balance </span></div><div style="line-height:10pt;position:var(--position);top:63.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.34pt;position:var(--position);text-decoration:none;white-space:pre">Sheet</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:12.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.76pt;position:var(--position);text-decoration:none;white-space:pre">Net Amount </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.22pt;position:var(--position);text-decoration:none;white-space:pre">of Liabilities </span></div><div style="line-height:10pt;position:var(--position);top:43.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.5pt;position:var(--position);text-decoration:none;white-space:pre">Presented in </span></div><div style="line-height:10pt;position:var(--position);top:53.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.16pt;position:var(--position);text-decoration:none;white-space:pre">the Balance </span></div><div style="line-height:10pt;position:var(--position);top:63.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.34pt;position:var(--position);text-decoration:none;white-space:pre">Sheet</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:12.75pt;width:123.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.58pt;width:123.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.32pt;position:var(--position);white-space:pre">Gross Amount Not Offset </span></div><div style="line-height:10pt;position:var(--position);top:13.58pt;width:123.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.68pt;position:var(--position);white-space:pre">in the Balance Sheet </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:102.49000000000001pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:12.75pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:53.83pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.01pt;position:var(--position);text-decoration:none;white-space:pre">Net </span></div><div style="line-height:10pt;position:var(--position);top:63.83pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td></tr><tr style="height:50.25pt"><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:36.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:9.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.02pt;position:var(--position);text-decoration:none;white-space:pre">Financial </span></div><div style="line-height:10pt;position:var(--position);top:19.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.9pt;position:var(--position);text-decoration:none;white-space:pre">Instruments </span></div><div style="line-height:10pt;position:var(--position);top:29.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Posted as </span></div><div style="line-height:10pt;position:var(--position);top:39.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.64pt;position:var(--position);text-decoration:none;white-space:pre">Collateral</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:36.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:29.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.76pt;position:var(--position);text-decoration:none;white-space:pre">Cash Posted </span></div><div style="line-height:10pt;position:var(--position);top:39.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.94pt;position:var(--position);text-decoration:none;white-space:pre">as Collateral </span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaptions</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">11,236<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">11,236<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:101.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:11.79pt"></span></span><span style="left:19.419999999999998pt;position:var(--position)">11,236<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">78,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">78,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.46pt"></span></span><span style="left:25.09pt;position:var(--position)">(75,391)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:116.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.79pt"></span></span><span style="left:24.419999999999998pt;position:var(--position)">2,709<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:131.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:131.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">89,336<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:131.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:131.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">89,336<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:131.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:131.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.46pt"></span></span><span style="left:25.09pt;position:var(--position)">(75,391)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:131.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:11.79pt"></span></span><span style="left:19.419999999999998pt;position:var(--position)">13,945<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:167.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaptions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:167.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">4,045<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:167.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:167.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">4,045<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:167.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:167.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:167.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.79pt"></span></span><span style="left:24.419999999999998pt;position:var(--position)">4,045<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:182.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:182.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">785<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:182.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:182.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">785<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:182.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.96pt"></span></span><span style="left:37.59pt;position:var(--position)">(689)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:182.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.96pt"></span></span><span style="left:42.59pt;position:var(--position)">(96)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:182.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:36.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:197.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative liabilities</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:197.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">4,830<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:197.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:197.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">4,830<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:197.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.96pt"></span></span><span style="left:37.59pt;position:var(--position)">(689)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:197.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.96pt"></span></span><span style="left:42.59pt;position:var(--position)">(96)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:197.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.79pt"></span></span><span style="left:24.419999999999998pt;position:var(--position)">4,045<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:292.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:10.48pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.83pt">Amounts disclosed for collateral received by or posted to the same counterparty include cash and the fair value of MBS up</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:303.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.94pt">to and not exceeding the net amount of the derivative asset or liability presented in the balance sheet. The fair value of the</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:313.85pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.92pt">total collateral received by or posted to the same counterparty may exceed the amounts presented. Please refer to the</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:324.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:450pt">consolidated balance sheets for the total fair value of financial instruments pledged as collateral for derivatives and</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:335.45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.94pt">repurchase agreements, which is shown parenthetically, and the total cash pledged or received as collateral which is</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:346.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:212.65pt">disclosed as “cash collateral posted to/by counterparties.”</span></div> Interest Rate Derivatives. The Company frequently changes the type of derivative instruments it uses to mitigate the impact of changing interest rates on its repurchase agreement financing costs and the fair value of its investments. TBA Transactions. The Company purchases TBA securities as a means of investing in non-specified fixed-rate Agency RMBS and may also periodically sell TBA securities as a means of economically hedging its exposure to Agency RMBS. <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.93pt">The table below provides detail of the Company’s gains and losses by type of derivative instrument for the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:491.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:71.29pt">periods indicated:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.29000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:503.3pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:188.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:5.25pt"></td><td style="padding:0;width:67.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:66.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);width:133.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.22pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);width:137.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:137.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:25.86pt;position:var(--position);text-decoration:none;white-space:pre">Nine Months Ended</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:14.25pt;width:133.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:36.22pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:14.25pt;width:137.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:137.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:38.09pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Type of Derivative Instrument</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:28.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:260.25pt;position:var(--position);top:28.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:22.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:28.5pt;width:67.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:67.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:23.75pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:28.5pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:23.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">U.S. Treasury futures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">377,310<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:260.25pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(20,423)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:57.75pt;width:67.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:67.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:23.29pt"></span></span><span style="left:30.919999999999998pt;position:var(--position)">429,186<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:57.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.21pt"></span></span><span style="left:31.84pt;position:var(--position)">(58,451)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaps</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:72.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">790,517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:260.25pt;position:var(--position);top:72.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(16,055)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:72.75pt;width:67.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:67.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">1,012,587<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:72.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.21pt"></span></span><span style="left:26.84pt;position:var(--position)">(204,985)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaptions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(2,581)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:260.25pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(1,279)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:87.75pt;width:67.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:67.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.96pt"></span></span><span style="left:37.59pt;position:var(--position)">(7,190)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:87.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.71pt"></span></span><span style="left:44.34pt;position:var(--position)">(286)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options on U.S. Treasury futures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">743<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:260.25pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.21pt"></span></span><span style="left:42.84pt;position:var(--position)">(508)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:102.75pt;width:67.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:67.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.96pt"></span></span><span style="left:37.59pt;position:var(--position)">(1,914)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:102.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.71pt"></span></span><span style="left:44.34pt;position:var(--position)">(508)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:117.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:25.34pt;position:var(--position)">(124,902)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:260.25pt;position:var(--position);top:117.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">27,571<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:117.75pt;width:67.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:67.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.96pt"></span></span><span style="left:27.59pt;position:var(--position)">(158,010)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:117.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.54pt"></span></span><span style="left:35.17pt;position:var(--position)">77,355<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:188.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:188.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Gain (loss) on derivative instruments, net</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:192pt;position:var(--position);top:132.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,041,087<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:260.25pt;position:var(--position);top:132.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(10,694)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:330.75pt;position:var(--position);top:132.75pt;width:67.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:67.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">1,274,659<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:401.25pt;position:var(--position);top:132.75pt;width:66.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:66.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:19.21pt"></span></span><span style="left:26.84pt;position:var(--position)">(186,875)</span></span></div></div></div></td></tr></tbody></table></div></div></div> 377310000 -20423000 429186000 -58451000 790517000 -16055000 1012587000 -204985000 -2581000 -1279000 -7190000 -286000 743000 -508000 -1914000 -508000 -124902000 27571000 -158010000 77355000 1041087000 -10694000 1274659000 -186875000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.96pt">The table below provides the carrying amount by type of derivative instrument comprising the Company’s</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:680.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:360.86pt">derivative assets and liabilities on its consolidated balance sheets as of the dates indicated:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:136.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:105.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:83.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:63.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:63.75pt"></td></tr><tr style="height:24.75pt"><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Type of Derivative Instrument</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:140.25pt;position:var(--position);width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:105.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance Sheet Location</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Purpose</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.84pt;position:var(--position);text-decoration:none;white-space:pre">September </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.37pt;position:var(--position);text-decoration:none;white-space:pre">30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:404.25pt;position:var(--position);width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.74pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.87pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24.75pt;width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39.75pt;width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options on U.S. Treasury </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">futures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:140.25pt;position:var(--position);top:39.75pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:105.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:39.75pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Economic hedging</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:39.75pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:49.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:404.25pt;position:var(--position);top:39.75pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.54pt"></span></span><span style="left:37.17pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:140.25pt;position:var(--position);top:64.5pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:105.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:64.5pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investing</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:64.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:47.04pt"></span></span><span style="left:49.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:404.25pt;position:var(--position);top:64.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.54pt"></span></span><span style="left:37.17pt;position:var(--position)">7,841<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:79.5pt;width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Total derivatives assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:79.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:49.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:404.25pt;position:var(--position);top:79.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.54pt"></span></span><span style="left:32.17pt;position:var(--position)">10,498<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaptions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:140.25pt;position:var(--position);top:110.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:105.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:110.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Economic hedging</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:110.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.54pt"></span></span><span style="left:32.17pt;position:var(--position)">11,236<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:404.25pt;position:var(--position);top:110.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.54pt"></span></span><span style="left:37.17pt;position:var(--position)">4,045<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:125.25pt;width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:140.25pt;position:var(--position);top:125.25pt;width:105.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:105.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative liabilities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:249.75pt;position:var(--position);top:125.25pt;width:83.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:83.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investing</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:125.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.54pt"></span></span><span style="left:32.17pt;position:var(--position)">78,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:404.25pt;position:var(--position);top:125.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">785<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Total derivatives liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336.75pt;position:var(--position);top:140.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.54pt"></span></span><span style="left:32.17pt;position:var(--position)">89,336<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:404.25pt;position:var(--position);top:140.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.54pt"></span></span><span style="left:37.17pt;position:var(--position)">4,830<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 0 2657000 0 7841000 0 10498000 11236000 4045000 78100000 785000 89336000 4830000 0 0 240000000 22000000 947000000 46000000 737000000 392000000 52000000 17000000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.9pt">The table below presents information regarding the Company’s short positions in SOFR-based interest rate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:388.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:145.37pt">swaps held as of the dates indicated:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:406.25pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:146.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:77.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:78pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:77.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:77.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);width:158.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:158.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:37.34pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);width:157.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:157.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:38.37pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:35.25pt"><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.67pt;width:146.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Pay Fixed Interest Rate Swaps - </span></div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:146.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Years to Maturity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:79.78pt;position:var(--position);white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:15.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:20.3pt;position:var(--position);text-decoration:none;white-space:pre">Notional </span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:15.75pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:4.83pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.46pt;position:var(--position);text-decoration:none;white-space:pre">Weighted </span></div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.24pt;position:var(--position);text-decoration:none;white-space:pre">Average</span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.53pt;position:var(--position);text-decoration:none;white-space:pre">Pay Fixed Rate</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:15.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:20.3pt;position:var(--position);text-decoration:none;white-space:pre">Notional </span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:15.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.83pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.08pt;position:var(--position);text-decoration:none;white-space:pre">Weighted </span></div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:20.87pt;position:var(--position);text-decoration:none;white-space:pre">Average</span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.15pt;position:var(--position);text-decoration:none;white-space:pre">Pay Fixed Rate</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.16pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">1-3 years</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:66.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:33.17pt;position:var(--position)">1,925,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:66.75pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.09pt;position:var(--position)"></span><span style="left:48.09pt;position:var(--position)">3.63<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:66.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:55.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:66.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:54.84pt;position:var(--position)"></span><span style="left:54.84pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">3-5 years</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:81.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">4,080,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:81.75pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.09pt;position:var(--position)"></span><span style="left:48.09pt;position:var(--position)">3.63<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:81.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">2,450,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:81.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:47.34pt;position:var(--position)"></span><span style="left:47.34pt;position:var(--position)">3.42<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">5-7 years </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:96.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">4,820,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:96.75pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.09pt;position:var(--position)"></span><span style="left:48.09pt;position:var(--position)">3.85<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:96.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">4,070,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:96.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:47.34pt;position:var(--position)"></span><span style="left:47.34pt;position:var(--position)">3.66<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:112.5pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">7-10 years</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:112.5pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">5,845,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:112.5pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.09pt;position:var(--position)"></span><span style="left:48.09pt;position:var(--position)">3.93<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:112.5pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">3,090,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:112.5pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:47.34pt;position:var(--position)"></span><span style="left:47.34pt;position:var(--position)">3.87<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">10-15 years </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:128.25pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">142,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:128.25pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.09pt;position:var(--position)"></span><span style="left:48.09pt;position:var(--position)">4.79<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:128.25pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.04pt"></span></span><span style="left:45.67pt;position:var(--position)">75,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:128.25pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:47.34pt;position:var(--position)"></span><span style="left:47.34pt;position:var(--position)">3.77<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:144pt;width:146.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:146.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">15-20 years</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:144pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">785,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:144pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.09pt;position:var(--position)"></span><span style="left:48.09pt;position:var(--position)">4.39<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:144pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:60.54pt"></span></span><span style="left:63.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:144pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:54.84pt;position:var(--position)"></span><span style="left:54.84pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:149.25pt;position:var(--position);top:159.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:28.169999999999998pt;position:var(--position)">17,597,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:229.5pt;position:var(--position);top:159.75pt;width:78pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:78pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:48.09pt;position:var(--position)"></span><span style="left:48.09pt;position:var(--position)">3.83<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.92pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:159.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:33.17pt;position:var(--position)">9,685,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:390.75pt;position:var(--position);top:159.75pt;width:77.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:77.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:47.34pt;position:var(--position)"></span><span style="left:47.34pt;position:var(--position)">3.66<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:68.17pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:592.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.89pt">The table below presents information regarding the short positions in U.S. Treasury futures held as of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:604.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:62.39pt">dates indicated:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:276pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:93pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:93pt"></td></tr><tr style="height:15.75pt"><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">U.S. Treasury Futures</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.72pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.12pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.16pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">5-year U.S. Treasury futures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:31.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.46pt"></span></span><span style="left:53.09pt;position:var(--position)">(650,000)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:31.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:50.46pt"></span></span><span style="left:58.09pt;position:var(--position)">(30,000)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">10-year U.S. Treasury futures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:47.25pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(2,893,700)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:47.25pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(1,475,000)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">30-year U.S. Treasury futures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:63pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(3,132,800)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:63pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(1,153,500)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:78.75pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(6,676,500)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:78.75pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.96pt"></span></span><span style="left:45.59pt;position:var(--position)">(2,658,500)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:177.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.89pt">The table below presents information regarding the long positions in SOFR-based interest rate swaptions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:189.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:336.9pt">and options on U.S. Treasury futures held by the Company as of the dates indicated:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:207.5pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:105pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:68.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:105pt;position:var(--position);width:223.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:223.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:96.75pt;position:var(--position);text-decoration:none;white-space:pre">Option</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);width:136.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:22.87pt;position:var(--position);text-decoration:none;white-space:pre">Underlying Financial </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:136.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:44.09pt;position:var(--position);text-decoration:none;white-space:pre">Instrument</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24.75pt;width:105pt"><div><div style="line-height:10pt;position:var(--position);top:14.16pt;width:105pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:105pt;position:var(--position);top:24.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:54.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.62pt;position:var(--position);white-space:pre">Cost </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:34.56pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162.75pt;position:var(--position);top:24.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.48pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:220.5pt;position:var(--position);top:24.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:50.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.42pt;position:var(--position);white-space:pre">Carrying </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:50.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.6pt;position:var(--position);white-space:pre">Value </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:35.08pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273.75pt;position:var(--position);top:24.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.05pt;position:var(--position);text-decoration:none;white-space:pre">Notional </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.87pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:24.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.19pt;position:var(--position);text-decoration:none;white-space:pre">Average Fixed </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.53pt;position:var(--position);text-decoration:none;white-space:pre">Receive Rate</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:24.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:16.38pt;position:var(--position);text-decoration:none;white-space:pre">Type of </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.47pt;position:var(--position);text-decoration:none;white-space:pre">Instrument</span></div></div></div></td></tr><tr style="height:14.25pt"><td colspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:159.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.83pt;width:159.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:27.07pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:110.63pt;position:var(--position);white-space:pre">:</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:105pt"><div><div style="line-height:10pt;position:var(--position);top:13.42pt;width:105pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaptions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:105pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">11,725<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:162.75pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.04pt"></span></span><span style="left:35.67pt;position:var(--position)">489<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:220.5pt;position:var(--position);top:63.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:7.71pt"></span></span><span style="left:15.34pt;position:var(--position)">(11,236)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:273.75pt;position:var(--position);top:63.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">750,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:63.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.42pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.15pt;position:var(--position);text-decoration:none;white-space:pre">3.25%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:63.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">5 year SOFR-</span></div><div style="line-height:10pt;position:var(--position);top:13.75pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">based swap</span></div></div></div></td></tr><tr style="height:35.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:105pt"><div><div style="line-height:10pt;position:var(--position);top:14.67pt;width:105pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options on U.S. </span></div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:105pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury futures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:105pt;position:var(--position);top:87.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:162.75pt;position:var(--position);top:87.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:220.5pt;position:var(--position);top:87.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.54pt"></span></span><span style="left:36.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:273.75pt;position:var(--position);top:87.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:87.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.96pt;position:var(--position);text-decoration:none;white-space:pre">n/a</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">10-year U.S. </span></div><div style="line-height:10pt;position:var(--position);top:14.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury </span></div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">future</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td colspan="2" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:159.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:159.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31, 2025:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147pt;width:105pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:105pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaptions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:105pt;position:var(--position);top:147pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">11,725<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:162.75pt;position:var(--position);top:147pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:28.169999999999998pt;position:var(--position)">7,680<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:220.5pt;position:var(--position);top:147pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:12.71pt"></span></span><span style="left:20.34pt;position:var(--position)">(4,045)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:273.75pt;position:var(--position);top:147pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:10.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">750,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:147pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.15pt;position:var(--position);text-decoration:none;white-space:pre">3.25%</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:147pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">5 year SOFR-</span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">based swap</span></div></div></div></td></tr><tr style="height:35.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171.75pt;width:105pt"><div><div style="line-height:10pt;position:var(--position);top:14.67pt;width:105pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options on U.S. </span></div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:105pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury futures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:105pt;position:var(--position);top:171.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:28.169999999999998pt;position:var(--position)">3,981<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:162.75pt;position:var(--position);top:171.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:28.169999999999998pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:220.5pt;position:var(--position);top:171.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:23.669999999999998pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:273.75pt;position:var(--position);top:171.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:18.169999999999998pt;position:var(--position)">500,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:171.75pt;width:68.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:68.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:28.96pt;position:var(--position);text-decoration:none;white-space:pre">n/a</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:402.75pt;position:var(--position);top:171.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">10-year U.S. </span></div><div style="line-height:10pt;position:var(--position);top:14.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury </span></div><div style="line-height:10pt;position:var(--position);top:24.67pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">future</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:425.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:10.48pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:450pt">The Company pays the premium for its interest rate swaptions at the end of the option period, so the carrying value on the</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.96pt">Company's consolidated balance sheets is fair value, net of the payable for the unpaid premium as of the periods indicated.</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.84pt">The Company pays the premium for its options on U.S. Treasury futures at inception, so the carrying value is equal to the</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:457.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:134.69pt">fair value as of the periods indicated.</span></div> 1925000000 0.0363 0 0 4080000000 0.0363 2450000000 0.0342 4820000000 0.0385 4070000000 0.0366 5845000000 0.0393 3090000000 0.0387 142000000 0.0479 75000000 0.0377 785000000 0.0439 0 0 17597000000 0.0383 9685000000 0.0366 650000000 30000000 2893700000 1475000000 3132800000 1153500000 6676500000 2658500000 11725000 489000 -11236000 750000000 0.0325 0 0 0 0 11725000 7680000 -4045000 750000000 0.0325 3981000 2657000 2657000 500000000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.94pt">The following table summarizes information about the notional amounts of the Company's long positions in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:486.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:161.43pt">TBA securities as of the dates indicated:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:233.43pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:498.7pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:261pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:100.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:100.5pt"></td></tr><tr style="height:14.25pt"><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:261pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:261pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.47pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.87pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:261pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:261pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:261pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:261pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Implied market value </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:90.56pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:29.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:48.79pt"></span></span><span style="left:56.42pt;position:var(--position)">2,417,275<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:29.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:48.79pt"></span></span><span style="left:56.42pt;position:var(--position)">3,121,122<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:44.25pt;width:261pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:261pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Implied cost basis </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:77.27pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:44.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:56.42pt;position:var(--position)">2,495,375<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:44.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:56.42pt;position:var(--position)">3,114,066<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:261pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:261pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Net carrying value </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:79.47pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:59.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:57.96pt"></span></span><span style="left:65.59pt;position:var(--position)">(78,100)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:59.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:66.29pt"></span></span><span style="left:73.92pt;position:var(--position)">7,056<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:577.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:12.73pt">(1) </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:84.73pt;position:var(--position);text-decoration:none;white-space:pre;width:404.95pt">Implied market value represents the estimated fair value of the underlying Agency MBS as of the dates indicated</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:489.68pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt">.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:588.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:12.73pt">(2) </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:84.73pt;position:var(--position);text-decoration:none;white-space:pre;width:413.51pt">Implied cost basis represents the forward price to be paid for the underlying Agency MBS as of the dates indicated</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:498.24pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt">.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:599.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:13.36pt">(3) </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:85.36pt;position:var(--position);text-decoration:none;white-space:pre;width:454.52pt">Net carrying value represents the difference between the implied market value and the implied cost basis of the Company’s</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:610.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:454.33pt">TBA securities as of the dates indicated. The total shown is the net amount included on the consolidated balance sheets as</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:621.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:72.4pt">derivative assets of </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:157.9pt;position:var(--position);text-decoration:none;white-space:pre;width:12.5pt">$—</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:170.4pt;position:var(--position);text-decoration:none;white-space:pre;width:103.7pt"> and derivative liabilities of </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:274.1pt;position:var(--position);text-decoration:none;white-space:pre;width:29.25pt">$78,100</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:303.35pt;position:var(--position);text-decoration:none;white-space:pre;width:22.95pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:326.3pt;position:var(--position);text-decoration:none;white-space:pre;width:72.51pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:398.81pt;position:var(--position);text-decoration:none;white-space:pre;width:16.15pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:414.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.65pt"> </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:417.61pt;position:var(--position);text-decoration:none;white-space:pre;width:24.75pt">$7,841</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:442.36pt;position:var(--position);text-decoration:none;white-space:pre;width:18.8pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:461.16pt;position:var(--position);text-decoration:none;white-space:pre;width:18pt">$785</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:479.16pt;position:var(--position);text-decoration:none;white-space:pre;width:60.74pt">, respectively, as</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:631.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;white-space:pre;width:9.25pt">of </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:94.75pt;position:var(--position);text-decoration:none;white-space:pre;width:70.69pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:165.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt">.</span></div> 2417275000 3121122000 2495375000 3114066000 -78100000 7056000 0 78100000 7841000 785000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:354.94pt">The table below summarizes changes in the Company’s derivative instruments for the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:462.94pt;position:var(--position);text-decoration:none;white-space:pre;width:77.03pt">nine months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:684.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.22pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:144pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:85.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:84pt"></td></tr><tr style="height:35.25pt"><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:144pt"><div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Type of Derivative Instrument</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:21.09pt;position:var(--position);text-decoration:none;white-space:pre">Beginning</span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.67pt;position:var(--position);text-decoration:none;white-space:pre">Notional Amount</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.04pt;position:var(--position);text-decoration:none;white-space:pre">Additions</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.83pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.93pt;position:var(--position);text-decoration:none;white-space:pre">Settlements,</span></div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.76pt;position:var(--position);text-decoration:none;white-space:pre">Terminations,</span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.93pt;position:var(--position);text-decoration:none;white-space:pre">or Pair-Offs</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);width:84pt"><div><div style="line-height:10pt;position:var(--position);top:14.83pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:26.44pt;position:var(--position);text-decoration:none;white-space:pre">Ending</span></div><div style="line-height:10pt;position:var(--position);top:24.83pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.92pt;position:var(--position);text-decoration:none;white-space:pre">Notional Amount</span></div></div></div></td></tr><tr style="height:15pt"><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:35.25pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:4.41pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:50.25pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Short positions:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">U.S. Treasury futures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:64.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.46pt"></span></span><span style="left:38.09pt;position:var(--position)">(2,658,500)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:64.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:9.71pt"></span></span><span style="left:17.34pt;position:var(--position)">(30,585,500)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:64.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.04pt"></span></span><span style="left:20.669999999999998pt;position:var(--position)">26,567,500<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:64.5pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:3.67pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.96pt"></span></span><span style="left:36.59pt;position:var(--position)">(6,676,500)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Pay-fixed interest rate swaps</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:78.75pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.79pt"></span></span><span style="left:41.42pt;position:var(--position)">9,685,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:78.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:23.04pt"></span></span><span style="left:25.669999999999998pt;position:var(--position)">8,892,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:78.75pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.21pt"></span></span><span style="left:29.84pt;position:var(--position)">(980,000)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:78.75pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.29pt"></span></span><span style="left:34.92pt;position:var(--position)">17,597,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:21.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:11.33pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Long positions: </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:115.5pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaptions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:115.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.29pt"></span></span><span style="left:48.92pt;position:var(--position)">750,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:115.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:115.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:115.5pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:44.79pt"></span></span><span style="left:47.42pt;position:var(--position)">750,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:130.5pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options on U.S. Treasury futures</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:130.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.29pt"></span></span><span style="left:48.92pt;position:var(--position)">500,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:130.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.54pt"></span></span><span style="left:33.17pt;position:var(--position)">887,600<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:130.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.71pt"></span></span><span style="left:22.34pt;position:var(--position)">(1,387,600)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:130.5pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:67.29pt"></span></span><span style="left:69.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:145.5pt;width:144pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:144pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:145.5pt;width:85.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:85.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.79pt"></span></span><span style="left:41.42pt;position:var(--position)">3,189,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:237pt;position:var(--position);top:145.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.04pt"></span></span><span style="left:20.669999999999998pt;position:var(--position)">33,500,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:310.5pt;position:var(--position);top:145.5pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.71pt"></span></span><span style="left:17.34pt;position:var(--position)">(34,126,000)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:145.5pt;width:84pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.29pt"></span></span><span style="left:39.92pt;position:var(--position)">2,563,000<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 2658500000 30585500000 26567500000 6676500000 9685000000 8892000000 -980000000 17597000000 750000000 0 750000000 500000000 887600000 1387600000 0 3189000000 33500000000 34126000000 2563000000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:416.73pt;position:var(--position);text-decoration:none;white-space:pre;width:123.15pt">The following tables present</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:327.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">information regarding those derivative assets and liabilities subject to such arrangements as if the Company had</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:339.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:141.51pt">presented them on a net basis as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:213.51pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:293.73pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:313.15999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:391.7pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:351.5pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:98.25pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="11" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);width:369.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:369.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:143.51pt;position:var(--position);text-decoration:none;white-space:pre">Offsetting of Assets</span></div></div></div></td></tr><tr style="height:24pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:62.16pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:12.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:32.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.51pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:42.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.08pt;position:var(--position);text-decoration:none;white-space:pre">Amount of </span></div><div style="line-height:10pt;position:var(--position);top:52.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.58pt;position:var(--position);text-decoration:none;white-space:pre">Recognized </span></div><div style="line-height:10pt;position:var(--position);top:62.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:16.67pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:12.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:22.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.51pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:32.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.5pt;position:var(--position);text-decoration:none;white-space:pre">Amount </span></div><div style="line-height:10pt;position:var(--position);top:42.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.63pt;position:var(--position);text-decoration:none;white-space:pre">Offset in the </span></div><div style="line-height:10pt;position:var(--position);top:52.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.07pt;position:var(--position);text-decoration:none;white-space:pre">Balance </span></div><div style="line-height:10pt;position:var(--position);top:62.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.34pt;position:var(--position);text-decoration:none;white-space:pre">Sheet</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:12.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:22.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.76pt;position:var(--position);text-decoration:none;white-space:pre">Net Amount </span></div><div style="line-height:10pt;position:var(--position);top:32.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.26pt;position:var(--position);text-decoration:none;white-space:pre">of Assets </span></div><div style="line-height:10pt;position:var(--position);top:42.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.5pt;position:var(--position);text-decoration:none;white-space:pre">Presented in </span></div><div style="line-height:10pt;position:var(--position);top:52.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.16pt;position:var(--position);text-decoration:none;white-space:pre">the Balance </span></div><div style="line-height:10pt;position:var(--position);top:62.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.34pt;position:var(--position);text-decoration:none;white-space:pre">Sheet</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:12.75pt;width:123.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.58pt;width:123.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.32pt;position:var(--position);white-space:pre">Gross Amount Not Offset </span></div><div style="line-height:10pt;position:var(--position);top:13.58pt;width:123.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.68pt;position:var(--position);white-space:pre">in the Balance Sheet </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:102.49000000000001pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:12.75pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:52.33pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.01pt;position:var(--position);text-decoration:none;white-space:pre">Net </span></div><div style="line-height:10pt;position:var(--position);top:62.33pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td></tr><tr style="height:48.75pt"><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:36.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:8.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.02pt;position:var(--position);text-decoration:none;white-space:pre">Financial </span></div><div style="line-height:10pt;position:var(--position);top:18.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.9pt;position:var(--position);text-decoration:none;white-space:pre">Instruments </span></div><div style="line-height:10pt;position:var(--position);top:28.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.17pt;position:var(--position);text-decoration:none;white-space:pre">Received as </span></div><div style="line-height:10pt;position:var(--position);top:38.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.64pt;position:var(--position);text-decoration:none;white-space:pre">Collateral</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:36.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:18.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:19.16pt;position:var(--position);text-decoration:none;white-space:pre">Cash </span></div><div style="line-height:10pt;position:var(--position);top:28.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.17pt;position:var(--position);text-decoration:none;white-space:pre">Received as </span></div><div style="line-height:10pt;position:var(--position);top:38.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.64pt;position:var(--position);text-decoration:none;white-space:pre">Collateral </span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options on U.S. </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury futures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:101.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:36.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:126pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:126pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:126pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:126pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:126pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:126pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:36.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative assets</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:141pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:141pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:141pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:141pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:141pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:141pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:36.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:170.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Options on U.S. </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury futures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:170.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:170.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:170.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:170.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:170.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:170.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.79pt"></span></span><span style="left:24.419999999999998pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:195pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:195pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">7,841<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:195pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:195pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">7,841<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:195pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.96pt"></span></span><span style="left:37.59pt;position:var(--position)">(689)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:195pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.46pt"></span></span><span style="left:30.09pt;position:var(--position)">(6,333)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:195pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:29.29pt"></span></span><span style="left:31.919999999999998pt;position:var(--position)">819<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:210pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative assets</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:210pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">10,498<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:210pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:210pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">10,498<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:210pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.96pt"></span></span><span style="left:37.59pt;position:var(--position)">(689)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:210pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.46pt"></span></span><span style="left:30.09pt;position:var(--position)">(6,333)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:210pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.79pt"></span></span><span style="left:24.419999999999998pt;position:var(--position)">3,476<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.83pt">Amounts disclosed for collateral received by or posted to the same counterparty include cash and the fair value of MBS up</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:303.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.94pt">to and not exceeding the net amount of the derivative asset or liability presented in the balance sheet. The fair value of the</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:313.85pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.92pt">total collateral received by or posted to the same counterparty may exceed the amounts presented. Please refer to the</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:324.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:450pt">consolidated balance sheets for the total fair value of financial instruments pledged as collateral for derivatives and</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:335.45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.94pt">repurchase agreements, which is shown parenthetically, and the total cash pledged or received as collateral which is</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:346.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:212.65pt">disclosed as “cash collateral posted to/by counterparties.”</span></div> 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2657000 0 2657000 0 0 2657000 7841000 0 7841000 689000 6333000 819000 10498000 0 10498000 689000 6333000 3476000 <div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:98.25pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:51pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="11" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);width:369.75pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:369.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:135.48pt;position:var(--position);text-decoration:none;white-space:pre">Offsetting of Liabilities</span></div></div></div></td></tr><tr style="height:24pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:63.66pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:12.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.51pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:43.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.08pt;position:var(--position);text-decoration:none;white-space:pre">Amount of </span></div><div style="line-height:10pt;position:var(--position);top:53.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.58pt;position:var(--position);text-decoration:none;white-space:pre">Recognized </span></div><div style="line-height:10pt;position:var(--position);top:63.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.64pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:12.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.51pt;position:var(--position);text-decoration:none;white-space:pre">Gross </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.5pt;position:var(--position);text-decoration:none;white-space:pre">Amount </span></div><div style="line-height:10pt;position:var(--position);top:43.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.63pt;position:var(--position);text-decoration:none;white-space:pre">Offset in the </span></div><div style="line-height:10pt;position:var(--position);top:53.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.07pt;position:var(--position);text-decoration:none;white-space:pre">Balance </span></div><div style="line-height:10pt;position:var(--position);top:63.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.34pt;position:var(--position);text-decoration:none;white-space:pre">Sheet</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:12.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:23.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.76pt;position:var(--position);text-decoration:none;white-space:pre">Net Amount </span></div><div style="line-height:10pt;position:var(--position);top:33.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.22pt;position:var(--position);text-decoration:none;white-space:pre">of Liabilities </span></div><div style="line-height:10pt;position:var(--position);top:43.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.5pt;position:var(--position);text-decoration:none;white-space:pre">Presented in </span></div><div style="line-height:10pt;position:var(--position);top:53.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.16pt;position:var(--position);text-decoration:none;white-space:pre">the Balance </span></div><div style="line-height:10pt;position:var(--position);top:63.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.34pt;position:var(--position);text-decoration:none;white-space:pre">Sheet</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:12.75pt;width:123.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.58pt;width:123.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.32pt;position:var(--position);white-space:pre">Gross Amount Not Offset </span></div><div style="line-height:10pt;position:var(--position);top:13.58pt;width:123.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.68pt;position:var(--position);white-space:pre">in the Balance Sheet </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:bold;left:102.49000000000001pt;position:var(--position);top:-2.369pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td rowspan="2" style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:12.75pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:53.83pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:18.01pt;position:var(--position);text-decoration:none;white-space:pre">Net </span></div><div style="line-height:10pt;position:var(--position);top:63.83pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td></tr><tr style="height:50.25pt"><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:36.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:9.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.02pt;position:var(--position);text-decoration:none;white-space:pre">Financial </span></div><div style="line-height:10pt;position:var(--position);top:19.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.9pt;position:var(--position);text-decoration:none;white-space:pre">Instruments </span></div><div style="line-height:10pt;position:var(--position);top:29.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Posted as </span></div><div style="line-height:10pt;position:var(--position);top:39.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:8.64pt;position:var(--position);text-decoration:none;white-space:pre">Collateral</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:36.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:29.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.76pt;position:var(--position);text-decoration:none;white-space:pre">Cash Posted </span></div><div style="line-height:10pt;position:var(--position);top:39.83pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.94pt;position:var(--position);text-decoration:none;white-space:pre">as Collateral </span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaptions</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">11,236<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">11,236<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:101.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:11.79pt"></span></span><span style="left:19.419999999999998pt;position:var(--position)">11,236<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:116.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">78,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">78,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:116.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.46pt"></span></span><span style="left:25.09pt;position:var(--position)">(75,391)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:116.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.79pt"></span></span><span style="left:24.419999999999998pt;position:var(--position)">2,709<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:131.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:131.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">89,336<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:131.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:131.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:28.419999999999998pt;position:var(--position)">89,336<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:131.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:131.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.46pt"></span></span><span style="left:25.09pt;position:var(--position)">(75,391)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:131.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:11.79pt"></span></span><span style="left:19.419999999999998pt;position:var(--position)">13,945<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:8.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:167.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest rate swaptions</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:167.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">4,045<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:167.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:167.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">4,045<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:167.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:167.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:167.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.79pt"></span></span><span style="left:24.419999999999998pt;position:var(--position)">4,045<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:182.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">TBA securities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:182.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">785<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:182.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:182.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:40.92pt;position:var(--position)">785<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:182.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.96pt"></span></span><span style="left:37.59pt;position:var(--position)">(689)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:182.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.96pt"></span></span><span style="left:42.59pt;position:var(--position)">(96)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:182.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.29pt"></span></span><span style="left:36.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:197.25pt;width:98.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:98.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Derivative liabilities</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:98.25pt;position:var(--position);top:197.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">4,830<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:162pt;position:var(--position);top:197.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:38.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225.75pt;position:var(--position);top:197.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">4,830<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:289.5pt;position:var(--position);top:197.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.96pt"></span></span><span style="left:37.59pt;position:var(--position)">(689)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:353.25pt;position:var(--position);top:197.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.96pt"></span></span><span style="left:42.59pt;position:var(--position)">(96)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:417pt;position:var(--position);top:197.25pt;width:51pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:51pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.79pt"></span></span><span style="left:24.419999999999998pt;position:var(--position)">4,045<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:292.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:10.48pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.83pt">Amounts disclosed for collateral received by or posted to the same counterparty include cash and the fair value of MBS up</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:303.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.94pt">to and not exceeding the net amount of the derivative asset or liability presented in the balance sheet. The fair value of the</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:313.85pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.92pt">total collateral received by or posted to the same counterparty may exceed the amounts presented. Please refer to the</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:324.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:450pt">consolidated balance sheets for the total fair value of financial instruments pledged as collateral for derivatives and</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:335.45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.94pt">repurchase agreements, which is shown parenthetically, and the total cash pledged or received as collateral which is</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:346.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:212.65pt">disclosed as “cash collateral posted to/by counterparties.”</span></div> 11236000 0 11236000 0 0 11236000 78100000 0 78100000 0 75391000 2709000 89336000 0 89336000 0 75391000 13945000 4045000 0 4045000 0 0 4045000 785000 0 785000 689000 96000 0 4830000 0 4830000 689000 96000 4045000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:117.81pt;position:var(--position);text-decoration:none;white-space:pre">FAIR VALUE OF FINANCIAL INSTRUMENTS</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:331.03pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:387.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.87pt">Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:399.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">orderly transaction between market participants at the measurement date. Fair value is based on the assumptions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:411.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">market participants would use when pricing an asset or liability and also considers all aspects of nonperformance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:423.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">risk, including the entity’s own credit standing, when measuring fair value of a liability. ASC Topic 820 established</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:189.47pt">a valuation hierarchy of three levels as follows:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:459.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:126pt;position:var(--position);text-decoration:none;white-space:pre">Level 1 – Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities as of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:471.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:126pt;position:var(--position);text-decoration:none;white-space:pre">the measurement date. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:483.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:126pt;position:var(--position);text-decoration:none;white-space:pre">Level 2 – Inputs include quoted prices in active markets for similar assets or liabilities; quoted prices in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:495.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:126pt;position:var(--position);text-decoration:none;white-space:pre">inactive markets for identical or similar assets or liabilities; or inputs either directly observable or </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:507.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:126pt;position:var(--position);text-decoration:none;white-space:pre">indirectly observable through correlation with market data at the measurement date and for the duration </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:519.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:126pt;position:var(--position);text-decoration:none;white-space:pre">of the instrument’s anticipated life.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:531.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:126pt;position:var(--position);text-decoration:none;white-space:pre">Level 3 – Unobservable inputs are supported by little or no market activity. The unobservable inputs </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:543.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:126pt;position:var(--position);text-decoration:none;white-space:pre">represent management’s best estimate of how market participants would price the asset or liability at </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:555.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:126pt;position:var(--position);text-decoration:none;white-space:pre">the measurement date. Consideration is given to the risk inherent in the valuation technique and the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:567.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:126pt;position:var(--position);text-decoration:none;white-space:pre">risk inherent in the inputs to the model.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:591.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.89pt">The following table presents the Company’s financial instruments that are measured at fair value on the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:603.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:395.3pt">Company’s consolidated balance sheet by their valuation hierarchy levels as of the dates indicated:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:467.3pt;position:var(--position);text-decoration:none;white-space:pre;width:5pt">  </span></div><div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:63pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:37.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:39.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:38.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:41.25pt"></td></tr><tr style="height:14.25pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:63pt"><div><div style="line-height:10pt;position:var(--position);top:18.41pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in </span></div><div style="line-height:10pt;position:var(--position);top:28.41pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">thousands)</span></div></div></div></td><td colspan="7" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);width:199.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:199.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:57.97pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:60.49pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:14.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.12pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:14.25pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.35pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:14.25pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.98pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:14.25pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.48pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:14.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.12pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:14.25pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.73pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:14.25pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.98pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:14.25pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.23pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Assets:</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:39pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:39pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:39pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">MBS</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:54pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">25,912,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:54pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:15pt;left:164.25pt;overflow:hidden;position:var(--position);top:54pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:7.63pt;position:var(--position)">25,912,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:54pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.04pt"></span></span><span style="left:25.669999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:54pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">16,306,988<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:54pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:15pt;left:368.25pt;overflow:hidden;position:var(--position);top:54pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:7.63pt;position:var(--position)">16,306,988<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:54pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:19.54pt"></span></span><span style="left:27.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">TBA </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">securities</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:46.34pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre"> (1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.29pt"></span></span><span style="left:42.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:69pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:69pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:69pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:23.04pt"></span></span><span style="left:25.669999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.79pt"></span></span><span style="left:30.419999999999998pt;position:var(--position)">7,841<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:69pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:69pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:28.169999999999998pt;position:var(--position)">7,841<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:69pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.54pt"></span></span><span style="left:27.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:45pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Option on </span></div><div style="line-height:10pt;position:var(--position);top:14.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">U.S. </span></div><div style="line-height:10pt;position:var(--position);top:24.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury </span></div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">futures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:93.75pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.29pt"></span></span><span style="left:42.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:93.75pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:93.75pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:23.04pt"></span></span><span style="left:25.669999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:93.75pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.79pt"></span></span><span style="left:30.419999999999998pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:93.75pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:11.669999999999998pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:93.75pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.54pt"></span></span><span style="left:27.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138.75pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Mortgage </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">loans</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:29.72pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre"> (2)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:138.75pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.29pt"></span></span><span style="left:37.92pt;position:var(--position)">510<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:138.75pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:138.75pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.04pt"></span></span><span style="left:20.669999999999998pt;position:var(--position)">510<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:138.75pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.29pt"></span></span><span style="left:37.92pt;position:var(--position)">618<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:138.75pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:138.75pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.54pt"></span></span><span style="left:22.169999999999998pt;position:var(--position)">618<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:163.5pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:163.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">25,913,117<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:163.5pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="height:15pt;left:164.25pt;overflow:hidden;position:var(--position);top:163.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:7.63pt;position:var(--position)">25,912,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:163.5pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.04pt"></span></span><span style="left:20.669999999999998pt;position:var(--position)">510<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:163.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">16,318,104<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:163.5pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:4.04pt"></span></span><span style="left:11.669999999999998pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="height:15pt;left:368.25pt;overflow:hidden;position:var(--position);top:163.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:7.63pt;position:var(--position)">16,314,829<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:163.5pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.54pt"></span></span><span style="left:22.169999999999998pt;position:var(--position)">618<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:190.5pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204.75pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">TBA </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">securities</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:46.34pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre"> (1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:204.75pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.79pt"></span></span><span style="left:25.419999999999998pt;position:var(--position)">78,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:204.75pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:204.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">78,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:204.75pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.04pt"></span></span><span style="left:25.669999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:204.75pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.29pt"></span></span><span style="left:37.92pt;position:var(--position)">785<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:204.75pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:204.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.04pt"></span></span><span style="left:35.67pt;position:var(--position)">785<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:204.75pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:19.54pt"></span></span><span style="left:27.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:229.5pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Interest rate </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">swaptions </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:51.1pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:229.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.79pt"></span></span><span style="left:25.419999999999998pt;position:var(--position)">11,236<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:229.5pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:229.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">11,236<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:229.5pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:23.04pt"></span></span><span style="left:25.669999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:229.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.79pt"></span></span><span style="left:30.419999999999998pt;position:var(--position)">4,045<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:229.5pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:229.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:28.169999999999998pt;position:var(--position)">4,045<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:229.5pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.54pt"></span></span><span style="left:27.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:254.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:254.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.79pt"></span></span><span style="left:25.419999999999998pt;position:var(--position)">89,336<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:254.25pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:254.25pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">89,336<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:254.25pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.04pt"></span></span><span style="left:25.669999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:254.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.79pt"></span></span><span style="left:30.419999999999998pt;position:var(--position)">4,830<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:254.25pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:254.25pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:28.169999999999998pt;position:var(--position)">4,830<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:254.25pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:19.54pt"></span></span><span style="left:27.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:346.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:10.48pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.83pt">TBA securities are reflected on the consolidated balance sheet as derivative assets or liabilities at their implied fair value,</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:357.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:146.66pt">net of implied cost basis. Please refer to </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:236.66pt;position:var(--position);text-decoration:underline;white-space:pre;width:23.74pt"><a href="#ibfd3ca21147f4107909e10438b264875_34" style="color:inherit;text-decoration:inherit;z-index:1">Note 5</a></span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:260.4pt;position:var(--position);text-decoration:none;white-space:pre;width:96.74pt"> for additional information</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:357.14pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt">.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367.85pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:10.48pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:347.58pt">Mortgage loans are included on the consolidated balance sheets as a component of other assets.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:10.48pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:450pt">Interest rate swaptions are reflected on the consolidated balance sheet as derivative assets or liabilities at their fair value,</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:389.45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:96.68pt">net of cost. Please refer to </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:186.68pt;position:var(--position);text-decoration:underline;white-space:pre;width:23.74pt"><a href="#ibfd3ca21147f4107909e10438b264875_34" style="color:inherit;text-decoration:inherit;z-index:1">Note 5</a></span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:210.42000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:98.99pt"> for additional information.</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:309.40999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:414.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:209.81pt">The fair value measurements for the Company’s </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:317.81pt;position:var(--position);text-decoration:none;white-space:pre;width:120.78pt">TBA securities and its MBS</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:438.59pt;position:var(--position);text-decoration:none;white-space:pre;width:101.32pt"> are considered Level 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:425.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">because there are substantially similar securities actively trading or for which there has been recent trading activity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:437.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">in their respective markets. Fair value for Agency MBS and TBA securities is based on prices received from an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:448.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:94.63pt">independent third-party</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:166.63pt;position:var(--position);text-decoration:none;white-space:pre;width:373.35pt"> pricing service. In valuing a security, the pricing service primarily uses a market approach,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:460.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">which uses observable prices and other relevant information that is generated by market transactions of identical or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">similar securities, but may use an income approach, which uses valuation techniques such as discounted cash flow</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:483.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.92pt">modeling. Examples of the observable inputs and assumptions used in the valuation techniques include market</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:494.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">interest rates, credit spreads, and projected prepayment speeds, among other things. The Company reviews the prices</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:506.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:234.1pt">it receives from the pricing service for reasonableness usi</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:306.1pt;position:var(--position);text-decoration:none;white-space:pre;width:55.5pt">ng other third</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:361.6pt;position:var(--position);text-decoration:none;white-space:pre;width:95.98pt">-party pricing services. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.58pt;position:var(--position);text-decoration:none;white-space:pre;width:82.36pt">If the fair value of a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:517.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:293.71pt">security is not available from a third-party pricing service, the Company</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.71pt;position:var(--position);text-decoration:none;white-space:pre;width:2.99pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:368.7pt;position:var(--position);text-decoration:none;white-space:pre;width:17.2pt">may</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:385.9pt;position:var(--position);text-decoration:none;white-space:pre;width:154.03pt"> estimate the fair value of the security</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:529.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:237.25pt">through a variety of methods using observable market data.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:309.25pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:546.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.91pt">The Company's mortgage loans held for investment are single-family mortgage loans, which were</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:558.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">originated or purchased by the Company prior to 2000, and for which the Company has elected the fair value option.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:570.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">The fair value measurements for these mortgage loans are considered Level 3 because there has been no recent</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:582.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">trading activity of similar instruments upon which their fair value can be measured. The fair value for these Level 3</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:594.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">assets is measured by discounting the estimated future cash flows derived from cash flow models using certain</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:606.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">inputs such as the security’s credit rating, coupon rate, estimated prepayment speeds, expected weighted average</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:618.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">life, collateral composition, and expected credit losses as well as certain other relevant information. The Company</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:630.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:188.75pt">used a constant prepayment rate assumption of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:260.75pt;position:var(--position);text-decoration:none;white-space:pre;width:2.79pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:263.53999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">10%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:281.87pt;position:var(--position);text-decoration:none;white-space:pre;width:64.68pt">, default rate of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.55pt;position:var(--position);text-decoration:none;white-space:pre;width:13.33pt">2%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.88pt;position:var(--position);text-decoration:none;white-space:pre;width:69.16pt">, loss severity of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:429.04pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">20%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:447.37pt;position:var(--position);text-decoration:none;white-space:pre;width:92.46pt">, and a discount rate of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:642.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">10%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:90.33pt;position:var(--position);text-decoration:none;white-space:pre;width:215.02pt"> in measuring the fair value of its Level 3 assets as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:305.35pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:385.57pt;position:var(--position);text-decoration:none;white-space:pre;width:41.08pt"> and as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:426.65pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:505.19pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:663.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:432pt">The Company’s U.S. Treasury futures contracts are valued based on exchange pricing and are classified</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:675.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:152.87pt">accordingly as Level 1 measurements</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.87pt;position:var(--position);text-decoration:none;white-space:pre;width:314.99pt">. Interest rate swaps are valued using the daily settlement price, or fair value,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:687.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.89pt">determined by the clearing exchange based on a pricing model that references observable market inputs, including</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:699.55pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">current benchmark rates and the forward yield curve, and thus their fair values are considered Level 2</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">measurements. The carrying value of the U.S. Treasury futures contracts and interest rate swaps on the Company’s</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:124.01pt">consolidated balance sheets is </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:196.01pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">$0</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:206.01pt;position:var(--position);text-decoration:none;white-space:pre;width:333.88pt"> because the instruments require daily margin exchanges, which are considered by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:378.27pt">the settlement agent to represent legal settlement of the contracts on a daily basis. Please see </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.27pt;position:var(--position);text-decoration:underline;white-space:pre;width:27.35pt"><a href="#ibfd3ca21147f4107909e10438b264875_22" style="color:inherit;text-decoration:inherit;z-index:1">Note 1</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.62pt;position:var(--position);text-decoration:none;white-space:pre;width:20.29pt"> and </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:497.91pt;position:var(--position);text-decoration:underline;white-space:pre;width:27.35pt"><a href="#ibfd3ca21147f4107909e10438b264875_34" style="color:inherit;text-decoration:inherit;z-index:1">Note 5</a></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:525.26pt;position:var(--position);text-decoration:none;white-space:pre;width:14.59pt"> for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:108pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:353.75pt">additional information regarding the fair value of the Company’s derivative instruments.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.93pt">The fair value measurement of interest rate swaptions is considered Level 2 because it is based on the fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">value of the underlying interest rate swap and time remaining until its expiration and is carried on the balance sheet</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:153pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.85pt">net of any deferred premium to be paid upon exercise or expiration. The fair value measurement of options on U.S.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:165pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.9pt">Treasury futures is considered Level 1 because they are valued based on closing exchange prices on these contracts.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:177pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.85pt">Options on U.S. Treasury futures are initially recorded on the balance sheet at the contract price paid and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:189pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:299.92pt">subsequently adjusted for changes in fair value until exercise or expiration.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:371.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.93pt">The Company’s repurchase agreements are reported at cost, which approximates fair value. Given their</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.95pt">short-term nature (less than one year) and the interest rates on outstanding amounts, which largely correspond to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:391.42pt">prevailing rates observed in the repurchase agreement market, their inputs are considered Level 2.</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.89pt">The following table presents the Company’s financial instruments that are measured at fair value on the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:603.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:395.3pt">Company’s consolidated balance sheet by their valuation hierarchy levels as of the dates indicated:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:467.3pt;position:var(--position);text-decoration:none;white-space:pre;width:5pt">  </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:63pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:37.5pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:39.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:38.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:54.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:41.25pt"></td></tr><tr style="height:14.25pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:63pt"><div><div style="line-height:10pt;position:var(--position);top:18.41pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in </span></div><div style="line-height:10pt;position:var(--position);top:28.41pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">thousands)</span></div></div></div></td><td colspan="7" style="border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);width:199.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:199.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:57.97pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="background-color:#ffffff;border-bottom:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);width:201.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:60.49pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:14.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.12pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:14.25pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.35pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:14.25pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.98pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:14.25pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.48pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:14.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:17.12pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:14.25pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:3.73pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:14.25pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:11.98pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:14.25pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.23pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Assets:</span></div></div></div></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:39pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:39pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:39pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">MBS</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:54pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">25,912,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:54pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:15pt;left:164.25pt;overflow:hidden;position:var(--position);top:54pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:7.63pt;position:var(--position)">25,912,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:54pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.04pt"></span></span><span style="left:25.669999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:54pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">16,306,988<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:54pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="height:15pt;left:368.25pt;overflow:hidden;position:var(--position);top:54pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:7.63pt;position:var(--position)">16,306,988<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:54pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:19.54pt"></span></span><span style="left:27.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">TBA </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">securities</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:46.34pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre"> (1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.29pt"></span></span><span style="left:42.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:69pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:69pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:69pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:23.04pt"></span></span><span style="left:25.669999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.79pt"></span></span><span style="left:30.419999999999998pt;position:var(--position)">7,841<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:69pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:69pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:28.169999999999998pt;position:var(--position)">7,841<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:69pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.54pt"></span></span><span style="left:27.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:45pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Option on </span></div><div style="line-height:10pt;position:var(--position);top:14.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">U.S. </span></div><div style="line-height:10pt;position:var(--position);top:24.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury </span></div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">futures</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:93.75pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.29pt"></span></span><span style="left:42.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:93.75pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:93.75pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:23.04pt"></span></span><span style="left:25.669999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:93.75pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.79pt"></span></span><span style="left:30.419999999999998pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:93.75pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:9.04pt"></span></span><span style="left:11.669999999999998pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:93.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:93.75pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:34.42pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.54pt"></span></span><span style="left:27.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138.75pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Mortgage </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">loans</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:29.72pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre"> (2)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:138.75pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.29pt"></span></span><span style="left:37.92pt;position:var(--position)">510<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:138.75pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:138.75pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.04pt"></span></span><span style="left:20.669999999999998pt;position:var(--position)">510<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:138.75pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:35.29pt"></span></span><span style="left:37.92pt;position:var(--position)">618<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:138.75pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:138.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.04pt"></span></span><span style="left:40.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:138.75pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.54pt"></span></span><span style="left:22.169999999999998pt;position:var(--position)">618<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:163.5pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:163.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">25,913,117<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:163.5pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="height:15pt;left:164.25pt;overflow:hidden;position:var(--position);top:163.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:7.63pt;position:var(--position)">25,912,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:163.5pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:13.04pt"></span></span><span style="left:20.669999999999998pt;position:var(--position)">510<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:163.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:0.29pt"></span></span><span style="left:7.92pt;position:var(--position)">16,318,104<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:163.5pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:4.04pt"></span></span><span style="left:11.669999999999998pt;position:var(--position)">2,657<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="height:15pt;left:368.25pt;overflow:hidden;position:var(--position);top:163.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:7.63pt;position:var(--position)">16,314,829<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:163.5pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:14.54pt"></span></span><span style="left:22.169999999999998pt;position:var(--position)">618<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:190.5pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204.75pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">TBA </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">securities</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:46.34pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre"> (1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:204.75pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.79pt"></span></span><span style="left:25.419999999999998pt;position:var(--position)">78,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:204.75pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:204.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">78,100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:204.75pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.04pt"></span></span><span style="left:25.669999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:204.75pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:30.29pt"></span></span><span style="left:37.92pt;position:var(--position)">785<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:204.75pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:204.75pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.04pt"></span></span><span style="left:35.67pt;position:var(--position)">785<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:204.75pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:19.54pt"></span></span><span style="left:27.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:229.5pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">Interest rate </span></div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:63pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);white-space:pre">swaptions </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:51.1pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:229.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.79pt"></span></span><span style="left:25.419999999999998pt;position:var(--position)">11,236<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:229.5pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:229.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">11,236<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:229.5pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:23.04pt"></span></span><span style="left:25.669999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:229.5pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.79pt"></span></span><span style="left:30.419999999999998pt;position:var(--position)">4,045<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:229.5pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:21.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:229.5pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:25.54pt"></span></span><span style="left:28.169999999999998pt;position:var(--position)">4,045<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:229.5pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:14.17pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.54pt"></span></span><span style="left:27.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:254.25pt;width:63pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:63pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:63pt;position:var(--position);top:254.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:17.79pt"></span></span><span style="left:25.419999999999998pt;position:var(--position)">89,336<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:123pt;position:var(--position);top:254.25pt;width:37.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:37.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.79pt"></span></span><span style="left:23.419999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:164.25pt;position:var(--position);top:254.25pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:15.54pt"></span></span><span style="left:23.169999999999998pt;position:var(--position)">89,336<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:222.75pt;position:var(--position);top:254.25pt;width:39.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:39.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:18.04pt"></span></span><span style="left:25.669999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:266.25pt;position:var(--position);top:254.25pt;width:57pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:57pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.79pt"></span></span><span style="left:30.419999999999998pt;position:var(--position)">4,830<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:326.25pt;position:var(--position);top:254.25pt;width:38.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:38.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:16.54pt"></span></span><span style="left:24.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:368.25pt;position:var(--position);top:254.25pt;width:54.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:20.54pt"></span></span><span style="left:28.169999999999998pt;position:var(--position)">4,830<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:426.75pt;position:var(--position);top:254.25pt;width:41.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:41.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:19.54pt"></span></span><span style="left:27.169999999999998pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:346.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:10.48pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.83pt">TBA securities are reflected on the consolidated balance sheet as derivative assets or liabilities at their implied fair value,</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:357.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:146.66pt">net of implied cost basis. Please refer to </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:236.66pt;position:var(--position);text-decoration:underline;white-space:pre;width:23.74pt"><a href="#ibfd3ca21147f4107909e10438b264875_34" style="color:inherit;text-decoration:inherit;z-index:1">Note 5</a></span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:260.4pt;position:var(--position);text-decoration:none;white-space:pre;width:96.74pt"> for additional information</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:357.14pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt">.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367.85pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:10.48pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:347.58pt">Mortgage loans are included on the consolidated balance sheets as a component of other assets.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:10.48pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:450pt">Interest rate swaptions are reflected on the consolidated balance sheet as derivative assets or liabilities at their fair value,</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:96.68pt">net of cost. Please refer to </span><span style="color:#0000ff;font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:186.68pt;position:var(--position);text-decoration:underline;white-space:pre;width:23.74pt"><a href="#ibfd3ca21147f4107909e10438b264875_34" style="color:inherit;text-decoration:inherit;z-index:1">Note 5</a></span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:210.42000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:98.99pt"> for additional information.</span> 25912607000 0 25912607000 0 16306988000 0 16306988000 0 0 0 0 0 7841000 0 7841000 0 0 0 0 0 2657000 2657000 0 0 510000 0 0 510000 618000 0 0 618000 25913117000 0 25912607000 510000 16318104000 2657000 16314829000 618000 78100000 0 78100000 0 785000 0 785000 0 11236000 0 11236000 0 4045000 0 4045000 0 89336000 0 89336000 0 4830000 0 4830000 0 0.10 0.10 0.02 0.02 0.20 0.20 0.10 0.10 0 0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:117.81pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:282pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:68.48pt">Preferred Stock. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.48000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:290.72pt">The Company's articles of incorporation authorize the issuance of up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:467.2pt;position:var(--position);text-decoration:none;white-space:pre;width:45pt">50,000,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:512.2pt;position:var(--position);text-decoration:none;white-space:pre;width:27.73pt"> shares</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:294pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:224.78pt">of preferred stock. During the three months ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:296.78pt;position:var(--position);text-decoration:none;white-space:pre;width:85.84pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:382.62pt;position:var(--position);text-decoration:none;white-space:pre;width:157.25pt">, the Company’s Board of Directors</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:46.08pt">designated </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.08pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">5,520,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:158.07999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:95.6pt"> shares for issuance of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.68pt;position:var(--position);text-decoration:none;white-space:pre;width:30.83pt">9.375%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:284.51pt;position:var(--position);text-decoration:none;white-space:pre;width:255.41pt"> Series D Fixed-Rate Cumulative Redeemable Preferred Stock</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:91.07pt">and subsequently sold </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:163.07pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">4,800,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:203.07pt;position:var(--position);text-decoration:none;white-space:pre;width:133.26pt"> shares through a public offering </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:336.33pt;position:var(--position);text-decoration:none;white-space:pre;width:134.88pt">for which it received proceeds of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.21pt;position:var(--position);text-decoration:none;white-space:pre;width:51.45pt">$116 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:522.6600000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:17.3pt">, net</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:330pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:11.05pt">of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.05pt;position:var(--position);text-decoration:none;white-space:pre;width:41.57pt">$4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.62pt;position:var(--position);text-decoration:none;white-space:pre;width:415.28pt"> in broker commissions and other expenses. The Series D Preferred Stock has no stated maturity, is not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:342pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">subject to any sinking fund or mandatory redemption, and will remain outstanding indefinitely unless redeemed,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:354pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.96pt">repurchased, or converted into common stock pursuant to the terms of the Series D Preferred Stock. On or after</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:366pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.87pt">October 15, 2031, the Series D Preferred Stock may be redeemed at any time and from time to time at the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.87pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:198.3pt">Company's option at a cash redemption price of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:270.3pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">$25.00</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.8pt;position:var(--position);text-decoration:none;white-space:pre;width:226.55pt"> per share plus any accumulated and unpaid dividends. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.35pt;position:var(--position);text-decoration:none;white-space:pre;width:15.53pt">The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:298.63pt">Series D Preferred Stock will pay a quarterly cumulative cash dividend of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:370.63pt;position:var(--position);text-decoration:none;white-space:pre;width:30.83pt">9.375%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:401.46pt;position:var(--position);text-decoration:none;white-space:pre;width:25.56pt"> of its </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.02pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">$25.00</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:454.52pt;position:var(--position);text-decoration:none;white-space:pre;width:85.47pt"> liquidation value per</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:402pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:149.63pt">share beginning on January 15, 2027.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:426pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:206.17pt">The Company’s Board of Directors has designated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:314.16999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:3.1pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:317.27pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">6,600,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:357.27pt;position:var(--position);text-decoration:none;white-space:pre;width:182.64pt"> shares of the Company’s preferred stock for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:438pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:284.71pt">issuance as Series C Preferred Stock, of which the Company has </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:356.71pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">4,460,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:396.71pt;position:var(--position);text-decoration:none;white-space:pre;width:143.22pt"> of such shares outstanding as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:450pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:83.08pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:155.07999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:6.43pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.51pt;position:var(--position);text-decoration:none;white-space:pre;width:58.39pt">The Series C </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.9pt;position:var(--position);text-decoration:none;white-space:pre;width:319.98pt">Preferred Stock has no stated maturity, is not subject to any sinking fund or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:462pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.98pt">mandatory redemption, and will remain outstanding indefinitely unless redeemed, repurchased, or converted into</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:474pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.84pt">common stock pursuant to the terms of the Series C Preferred Stock. As of April 15, 2025, the Series C Preferred</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:486pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">Stock may be redeemed at any time and from time to time at the Company's option at a cash redemption price of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:498pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">$25.00</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99.5pt;position:var(--position);text-decoration:none;white-space:pre;width:278.49pt"> per share plus any accumulated and unpaid dividends. In addition, t</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:377.99pt;position:var(--position);text-decoration:none;white-space:pre;width:161.89pt">he Series C Preferred Stock now pays a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:510pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:234.5pt">quarterly cumulative cash dividend at a percentage of its </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:306.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">$25.00</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:334pt;position:var(--position);text-decoration:none;white-space:pre;width:136.33pt"> liquidation value per share equal</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.33pt;position:var(--position);text-decoration:none;white-space:pre;width:69.51pt"> to 3-month term</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:522pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:103.42pt">SOFR plus the statutorily</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:175.42000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:158.5pt"> prescribed tenor spread adjustment of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:333.92pt;position:var(--position);text-decoration:none;white-space:pre;width:40.83pt">0.26161%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:374.75pt;position:var(--position);text-decoration:none;white-space:pre;width:165.11pt"> in addition to the spread pursuant to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:534pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:176.29pt">terms of the Series C Preferred Stock of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:248.29pt;position:var(--position);text-decoration:none;white-space:pre;width:30.83pt">5.461%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:279.12pt;position:var(--position);text-decoration:none;white-space:pre;width:93.92pt"> for a total spread of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.04pt;position:var(--position);text-decoration:none;white-space:pre;width:30.83pt">5.723%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:403.87pt;position:var(--position);text-decoration:none;white-space:pre;width:6.78pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:410.65pt;position:var(--position);text-decoration:none;white-space:pre;width:6.1pt">T</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:416.75pt;position:var(--position);text-decoration:none;white-space:pre;width:123.1pt">he Company paid a quarterly</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:546pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:50.72pt">dividend of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:122.72pt;position:var(--position);text-decoration:none;white-space:pre;width:37.5pt">$0.60793</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:160.22pt;position:var(--position);text-decoration:none;white-space:pre;width:3.71pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:163.93pt;position:var(--position);text-decoration:none;white-space:pre;width:5pt">p</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.93pt;position:var(--position);text-decoration:none;white-space:pre;width:370.98pt">er share of Series C Preferred Stock on October 15, 2026 to shareholders of record as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:558pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:67.18pt">October 1, 2026.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:576pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:65.51pt">Common Stock. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:173.51pt;position:var(--position);text-decoration:none;white-space:pre;width:45.8pt">During the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.31pt;position:var(--position);text-decoration:none;white-space:pre;width:75.77pt">nine months ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:295.08000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:2.64pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.72pt;position:var(--position);text-decoration:none;white-space:pre;width:80.5pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:378.22pt;position:var(--position);text-decoration:none;white-space:pre;width:89.1pt">, the Company issued </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:467.32pt;position:var(--position);text-decoration:none;white-space:pre;width:45pt">83,119,388</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:512.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:27.61pt"> shares</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:588pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:364.06pt">of its common stock through its at-the-market (“ATM”) program at an aggregate value of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:436.06pt;position:var(--position);text-decoration:none;white-space:pre;width:46.36pt">$1.1 billion</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.42pt;position:var(--position);text-decoration:none;white-space:pre;width:57.46pt">, net of broker</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:600pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:392.26pt">commissions and fees. The Company declared monthly dividends on its common stock totaling </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:464.26pt;position:var(--position);text-decoration:none;white-space:pre;width:22.5pt">$0.51</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:486.76pt;position:var(--position);text-decoration:none;white-space:pre;width:53.21pt"> for the three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:612pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:61.21pt">months ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:133.21pt;position:var(--position);text-decoration:none;white-space:pre;width:83.14pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:216.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:218.85pt;position:var(--position);text-decoration:none;white-space:pre;width:321.04pt"> The Company’s timing, frequency, and amount of dividends declared on its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.89pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:624pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">common stock are determined by its Board of Directors. When declaring dividends, the Board of Directors considers</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:636pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.97pt">the Company’s taxable income, management’s view on long-term returns, the REIT distribution requirements of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:648pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:468pt">Tax Code, and maintaining compliance with dividend requirements of the Series C Preferred Stock and Series D</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:660pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:425.86pt">Preferred Stock, along with other factors that the Board of Directors may deem relevant from time to time.</span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:120.73pt">Share-Based Compensation. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:228.73000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:311.22pt">The following table presents a rollforward of share-based awards for the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:71.29pt">periods indicated:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.29000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:228.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);width:236.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:236.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:75.36pt;position:var(--position);text-decoration:none;white-space:pre">Nine Months Ended</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:14.25pt;width:236.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:236.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:87.59pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:29.25pt;width:117pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:117pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:48.5pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:29.25pt;width:116.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:116.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:48.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:54.75pt"><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:44.25pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:44.33pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Type of Award</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:44.25pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:44.33pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.5pt;position:var(--position);text-decoration:none;white-space:pre">Shares</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:44.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.46pt;position:var(--position);text-decoration:none;white-space:pre">Weighted </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.24pt;position:var(--position);text-decoration:none;white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:24.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.71pt;position:var(--position);text-decoration:none;white-space:pre">Grant Date </span></div><div style="line-height:10pt;position:var(--position);top:34.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.11pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div><div style="line-height:10pt;position:var(--position);top:44.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre"> Per Share</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:44.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:44.33pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.13pt;position:var(--position);text-decoration:none;white-space:pre">Shares</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:44.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.46pt;position:var(--position);text-decoration:none;white-space:pre">Weighted </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.24pt;position:var(--position);text-decoration:none;white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:24.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.71pt;position:var(--position);text-decoration:none;white-space:pre">Grant Date </span></div><div style="line-height:10pt;position:var(--position);top:34.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.11pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div><div style="line-height:10pt;position:var(--position);top:44.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre"> Per Share</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Restricted stock:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Awards outstanding, beginning of period</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:114pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.79pt"></span></span><span style="left:22.419999999999998pt;position:var(--position)">25,105<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:114pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.34<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:114pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">93,595<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:114pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.78<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:129pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:129pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.29pt"></span></span><span style="left:39.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:129pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:129pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:129pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:144pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:144pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:16.46pt"></span></span><span style="left:19.09pt;position:var(--position)">(16,809)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:144pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.26<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:144pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">(66,860)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:144pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.96<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:159pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Awards outstanding, end of period</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:159pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:27.419999999999998pt;position:var(--position)">8,296<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:159pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.50<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:159pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">26,735<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:159pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.34<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189.75pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Target RSUs:</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:57.29pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre"> (1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204.75pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Awards outstanding, beginning of period</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:204.75pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.79pt"></span></span><span style="left:17.419999999999998pt;position:var(--position)">738,223<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:204.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.79<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:204.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">463,070<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:204.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.64<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:219.75pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:219.75pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.79pt"></span></span><span style="left:17.419999999999998pt;position:var(--position)">569,942<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:219.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">13.59<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:219.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">399,096<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:219.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.78<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:234.75pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:234.75pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:11.46pt"></span></span><span style="left:14.09pt;position:var(--position)">(436,053)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:234.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.63<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:234.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:10.71pt"></span></span><span style="left:13.34pt;position:var(--position)">(227,483)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:234.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.69<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:249.75pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Awards outstanding, end of period</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:249.75pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.79pt"></span></span><span style="left:17.419999999999998pt;position:var(--position)">872,112<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:249.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">13.40<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:249.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">634,683<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:249.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.71<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:280.5pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Target PSUs:</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:56.190000000000005pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre"> (2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:295.5pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Awards outstanding, beginning of period</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:295.5pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.79pt"></span></span><span style="left:17.419999999999998pt;position:var(--position)">693,414<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:295.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.26<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:295.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">482,409<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:295.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.32<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:310.5pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:310.5pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.79pt"></span></span><span style="left:17.419999999999998pt;position:var(--position)">590,231<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:310.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">13.68<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:310.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">371,282<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:310.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.05<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:325.5pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:325.5pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:11.46pt"></span></span><span style="left:14.09pt;position:var(--position)">(129,870)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:325.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.26<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:325.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:325.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:340.5pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:340.5pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:16.46pt"></span></span><span style="left:19.09pt;position:var(--position)">(60,129)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:340.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">13.68<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:340.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:340.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:355.5pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Awards outstanding, end of period</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:355.5pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:9.92pt;position:var(--position)">1,093,646<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:355.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.95<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:355.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">853,691<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:355.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.20<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:10.48pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.9pt">The number of RSUs shown represent the target number of awards. Actual number of shares that will potentially settle may</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:482.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:42.94pt">range from </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:132.94pt;position:var(--position);text-decoration:none;white-space:pre;width:11.99pt">0%</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:144.93pt;position:var(--position);text-decoration:none;white-space:pre;width:228.12pt"> if the recipient’s service-based vesting condition is not met to </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:373.05pt;position:var(--position);text-decoration:none;white-space:pre;width:20.99pt">100%</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:394.04pt;position:var(--position);text-decoration:none;white-space:pre;width:145.78pt"> if the service-based vesting condition is</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.8199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:493.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:15.23pt">met.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:503.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:10.48pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.9pt">The number of PSUs shown represent the target number of awards. Actual number of shares that will potentially settle may</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:514.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:42.48pt">range from </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:132.48pt;position:var(--position);text-decoration:none;white-space:pre;width:11.99pt">0%</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:144.47pt;position:var(--position);text-decoration:none;white-space:pre;width:11.5pt"> to </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:155.97pt;position:var(--position);text-decoration:none;white-space:pre;width:20.99pt">200%</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:176.95999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:293.83pt"> based on the achievement of the performance goals defined in each grant award.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:543.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:64.52pt">Restricted stock</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.51999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:309.65pt"> granted to employees generally vests in equal installments over a period of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.17pt;position:var(--position);text-decoration:none;white-space:pre;width:29.03pt">3 years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:511.2pt;position:var(--position);text-decoration:none;white-space:pre;width:5.45pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.65pt;position:var(--position);text-decoration:none;white-space:pre;width:23.33pt">RSUs</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:555.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:209.73pt">generally vest in equal installments over a period of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:281.73pt;position:var(--position);text-decoration:none;white-space:pre;width:28.61pt">3 years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:310.34000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:116.16pt"> if granted to employees and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:426.5pt;position:var(--position);text-decoration:none;white-space:pre;width:34.15pt">one year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:460.65pt;position:var(--position);text-decoration:none;white-space:pre;width:79.24pt"> if granted to a non-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:567.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:375.36pt">employee director. PSUs cliff vest based on performance results measured over a period of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:447.36pt;position:var(--position);text-decoration:none;white-space:pre;width:29.25pt">3 years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:476.61pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:479.11pt;position:var(--position);text-decoration:none;white-space:pre;width:3.17pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.28pt;position:var(--position);text-decoration:none;white-space:pre;width:57.56pt">The Company</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:579.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:33.67pt">expects </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:105.67pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">89%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:124pt;position:var(--position);text-decoration:none;white-space:pre;width:202.75pt"> of the remaining target PSUs outstanding as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:326.75pt;position:var(--position);text-decoration:none;white-space:pre;width:82.66pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.41pt;position:var(--position);text-decoration:none;white-space:pre;width:130.5pt"> will be settled on their vesting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:591.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">dates compared to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.54000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:23.33pt">134%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:173.87pt;position:var(--position);text-decoration:none;white-space:pre;width:301.82pt"> as of June 30, 2026. As a result, the Company recorded a net credit of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:475.69pt;position:var(--position);text-decoration:none;white-space:pre;width:49.13pt">$(2) million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.8199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:15.01pt">  to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:603.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:253.22pt">share-based compensation expense for the three months ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.22pt;position:var(--position);text-decoration:none;white-space:pre;width:80.54pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:405.76pt;position:var(--position);text-decoration:none;white-space:pre;width:134.2pt">. Total share-based compensation</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.96pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:615.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:253.85pt">expense for the three months ended September 30, 2025 was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.85pt;position:var(--position);text-decoration:none;white-space:pre;width:42.23pt">$3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:368.08pt;position:var(--position);text-decoration:none;white-space:pre;width:171.92pt">. Total share-based compensation expense</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:627.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:19.87pt">was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:91.87pt;position:var(--position);text-decoration:none;white-space:pre;width:43.18pt">$8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:135.05pt;position:var(--position);text-decoration:none;white-space:pre;width:124.66pt">  for the nine months ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.71000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:83.88pt">September 30, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:343.59pt;position:var(--position);text-decoration:none;white-space:pre;width:18.76pt"> and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:362.35pt;position:var(--position);text-decoration:none;white-space:pre;width:4.33pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:366.68pt;position:var(--position);text-decoration:none;white-space:pre;width:83.88pt">September 30, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.56pt;position:var(--position);text-decoration:none;white-space:pre;width:6.83pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.39pt;position:var(--position);text-decoration:none;white-space:pre;width:82.45pt">The following table</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:639.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:410.11pt">discloses the Company’s remaining compensation expense related to stock awards it has granted as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.11pt;position:var(--position);text-decoration:none;white-space:pre;width:57.74pt">September 30,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:651.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:92pt;position:var(--position);text-decoration:none;white-space:pre;width:207.25pt">, which will be amortized over the period disclosed:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:299.25pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264pt"></td><td style="padding:0;width:100.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:100.5pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:204pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:60.22pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:264pt"><div><div style="line-height:10pt;position:var(--position);top:14.16pt;width:264pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:15.75pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:27.87pt;position:var(--position);text-decoration:none;white-space:pre">Remaining </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.39pt;position:var(--position);text-decoration:none;white-space:pre">Compensation Cost</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:15.75pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.27pt;position:var(--position);text-decoration:none;white-space:pre">WAVG Period of </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:25.65pt;position:var(--position);text-decoration:none;white-space:pre">Recognition</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:264pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Restricted stock</span></div></div></div></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:40.5pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:78.79pt"></span></span><span style="left:86.42pt;position:var(--position)">42<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:40.5pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.21pt;position:var(--position);text-decoration:none;white-space:pre">0.4 years</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:56.25pt;width:264pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">RSUs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:56.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:71.29pt"></span></span><span style="left:73.92pt;position:var(--position)">5,948<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:56.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.21pt;position:var(--position);text-decoration:none;white-space:pre">2.0 years</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:264pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">PSUs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:72pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:71.29pt"></span></span><span style="left:73.92pt;position:var(--position)">3,361<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:72pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.21pt;position:var(--position);text-decoration:none;white-space:pre">1.9 years</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:264pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:87.75pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:66.29pt"></span></span><span style="left:73.92pt;position:var(--position)">9,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:87.75pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.21pt;position:var(--position);text-decoration:none;white-space:pre">1.9 years</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:204.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.99pt">The following table discloses the dividends payable to the Company’s shareholders for common and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">preferred stock as well as to its employees and directors for DERs related to its outstanding RSUs and PSUs as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:228.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:74.32pt">the dates indicated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.32pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.09pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:246.5pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:276pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:93pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:93pt"></td></tr><tr style="height:15.75pt"><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Dividends Payable</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.72pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.12pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.16pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">RSU DERs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:31.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.79pt"></span></span><span style="left:66.42pt;position:var(--position)">1,628<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:31.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.79pt"></span></span><span style="left:66.42pt;position:var(--position)">1,578<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">PSU DERs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:47.25pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.79pt"></span></span><span style="left:66.42pt;position:var(--position)">2,741<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:47.25pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.79pt"></span></span><span style="left:66.42pt;position:var(--position)">3,423<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued DERs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:63pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.79pt"></span></span><span style="left:66.42pt;position:var(--position)">4,369<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:63pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.79pt"></span></span><span style="left:66.42pt;position:var(--position)">5,001<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Common stock dividends </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:94.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:61.42pt;position:var(--position)">43,850<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:94.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:61.42pt;position:var(--position)">29,877<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Preferred stock dividends</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:110.25pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.79pt"></span></span><span style="left:66.42pt;position:var(--position)">2,361<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:110.25pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.79pt"></span></span><span style="left:66.42pt;position:var(--position)">2,293<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued dividends</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:126pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.79pt"></span></span><span style="left:61.42pt;position:var(--position)">46,211<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:126pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.79pt"></span></span><span style="left:61.42pt;position:var(--position)">32,170<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:157.5pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total dividends payable</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:157.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:61.42pt;position:var(--position)">50,580<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:157.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:61.42pt;position:var(--position)">37,171<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 50000000 5520000 0.09375 4800000 4800000 116000000 4000000 25.00 0.09375 25.00 6600000 4460000 4460000 25.00 25.00 0.0026161 0.05461 0.05723 0.60793 83119388 1100000000 0.51 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:228.73000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:311.22pt">The following table presents a rollforward of share-based awards for the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.95pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:84pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:71.29pt">periods indicated:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.29000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:96pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:228.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:54pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);width:236.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.83pt;width:236.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:75.36pt;position:var(--position);text-decoration:none;white-space:pre">Nine Months Ended</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:14.25pt;width:236.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:236.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:87.59pt;position:var(--position);text-decoration:none;white-space:pre">September 30,</span></div></div></div></td></tr><tr style="height:15pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:29.25pt;width:117pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:117pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:48.5pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:29.25pt;width:116.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.58pt;width:116.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:48.12pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:54.75pt"><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:44.25pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:44.33pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Type of Award</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:44.25pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:44.33pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.5pt;position:var(--position);text-decoration:none;white-space:pre">Shares</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:44.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.46pt;position:var(--position);text-decoration:none;white-space:pre">Weighted </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.24pt;position:var(--position);text-decoration:none;white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:24.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.71pt;position:var(--position);text-decoration:none;white-space:pre">Grant Date </span></div><div style="line-height:10pt;position:var(--position);top:34.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.11pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div><div style="line-height:10pt;position:var(--position);top:44.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre"> Per Share</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:44.25pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:44.33pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:13.13pt;position:var(--position);text-decoration:none;white-space:pre">Shares</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:44.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.46pt;position:var(--position);text-decoration:none;white-space:pre">Weighted </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:12.24pt;position:var(--position);text-decoration:none;white-space:pre">Average </span></div><div style="line-height:10pt;position:var(--position);top:24.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:5.71pt;position:var(--position);text-decoration:none;white-space:pre">Grant Date </span></div><div style="line-height:10pt;position:var(--position);top:34.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.11pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div><div style="line-height:10pt;position:var(--position);top:44.33pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:7.53pt;position:var(--position);text-decoration:none;white-space:pre"> Per Share</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Restricted stock:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Awards outstanding, beginning of period</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:114pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.79pt"></span></span><span style="left:22.419999999999998pt;position:var(--position)">25,105<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:114pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.34<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:114pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">93,595<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:114pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.78<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:129pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:129pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.29pt"></span></span><span style="left:39.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:129pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:129pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:129pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:144pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:144pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:16.46pt"></span></span><span style="left:19.09pt;position:var(--position)">(16,809)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:144pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.26<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:144pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.71pt"></span></span><span style="left:18.34pt;position:var(--position)">(66,860)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:144pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.96<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:159pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Awards outstanding, end of period</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:159pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:24.79pt"></span></span><span style="left:27.419999999999998pt;position:var(--position)">8,296<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:159pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.50<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:159pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:19.04pt"></span></span><span style="left:21.669999999999998pt;position:var(--position)">26,735<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:159pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.34<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189.75pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Target RSUs:</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:57.29pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre"> (1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204.75pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Awards outstanding, beginning of period</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:204.75pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.79pt"></span></span><span style="left:17.419999999999998pt;position:var(--position)">738,223<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:204.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.79<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:204.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">463,070<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:204.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.64<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:219.75pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:219.75pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.79pt"></span></span><span style="left:17.419999999999998pt;position:var(--position)">569,942<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:219.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">13.59<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:219.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">399,096<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:219.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.78<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:234.75pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:234.75pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:11.46pt"></span></span><span style="left:14.09pt;position:var(--position)">(436,053)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:234.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.63<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:234.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:10.71pt"></span></span><span style="left:13.34pt;position:var(--position)">(227,483)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:234.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.69<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:249.75pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Awards outstanding, end of period</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:249.75pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.79pt"></span></span><span style="left:17.419999999999998pt;position:var(--position)">872,112<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:249.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">13.40<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:249.75pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">634,683<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:249.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.71<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:3pt double #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:280.5pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Target PSUs:</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:56.190000000000005pt;position:var(--position);top:-2.425pt;vertical-align:super;white-space:pre"> (2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:295.5pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Awards outstanding, beginning of period</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:295.5pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.79pt"></span></span><span style="left:17.419999999999998pt;position:var(--position)">693,414<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:295.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.26<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:295.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">482,409<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:295.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.32<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:310.5pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:310.5pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.79pt"></span></span><span style="left:17.419999999999998pt;position:var(--position)">590,231<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:310.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">13.68<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:310.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">371,282<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:310.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.05<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:325.5pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:325.5pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:11.46pt"></span></span><span style="left:14.09pt;position:var(--position)">(129,870)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:325.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.26<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:325.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:325.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:340.5pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:340.5pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:16.46pt"></span></span><span style="left:19.09pt;position:var(--position)">(60,129)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:340.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:30.79pt"></span></span><span style="left:33.42pt;position:var(--position)">13.68<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:340.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.54pt"></span></span><span style="left:39.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:340.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.29pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:355.5pt;width:228.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:228.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Awards outstanding, end of period</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:231.75pt;position:var(--position);top:355.5pt;width:54pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:54pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:7.29pt"></span></span><span style="left:9.92pt;position:var(--position)">1,093,646<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:288.75pt;position:var(--position);top:355.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.95<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:351.75pt;position:var(--position);top:355.5pt;width:53.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:53.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:14.04pt"></span></span><span style="left:16.669999999999998pt;position:var(--position)">853,691<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:355.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:60pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:25.79pt"></span></span><span style="left:33.42pt;position:var(--position)">12.20<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:10.48pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.9pt">The number of RSUs shown represent the target number of awards. Actual number of shares that will potentially settle may</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:482.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:42.94pt">range from </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:132.94pt;position:var(--position);text-decoration:none;white-space:pre;width:11.99pt">0%</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:144.93pt;position:var(--position);text-decoration:none;white-space:pre;width:228.12pt"> if the recipient’s service-based vesting condition is not met to </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:373.05pt;position:var(--position);text-decoration:none;white-space:pre;width:20.99pt">100%</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:394.04pt;position:var(--position);text-decoration:none;white-space:pre;width:145.78pt"> if the service-based vesting condition is</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.8199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:493.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:15.23pt">met.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:503.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:10.48pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:449.9pt">The number of PSUs shown represent the target number of awards. Actual number of shares that will potentially settle may</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:539.9pt;position:var(--position);text-decoration:none;white-space:pre;width:2.25pt"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:514.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:90pt;position:var(--position);text-decoration:none;white-space:pre;width:42.48pt">range from </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:132.48pt;position:var(--position);text-decoration:none;white-space:pre;width:11.99pt">0%</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:144.47pt;position:var(--position);text-decoration:none;white-space:pre;width:11.5pt"> to </span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:155.97pt;position:var(--position);text-decoration:none;white-space:pre;width:20.99pt">200%</span><span style="font-family:'Times New Roman', serif;font-size:9pt;font-style:italic;font-weight:normal;left:176.95999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:293.83pt"> based on the achievement of the performance goals defined in each grant award.</span></div> 25105 12.34 93595 12.78 0 0 0 0 16809 12.26 66860 12.96 8296 12.50 26735 12.34 738223 12.79 463070 12.64 569942 13.59 399096 12.78 436053 12.63 227483 12.69 872112 13.40 634683 12.71 693414 12.26 482409 12.32 590231 13.68 371282 12.05 129870 12.26 0 0 60129 13.68 0 0 1093646 12.95 853691 12.20 0 1 0 2 P3Y P3Y P1Y P3Y 0.89 1.34 -2000000 3000000 8000000 8000000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.39pt;position:var(--position);text-decoration:none;white-space:pre;width:82.45pt">The following table</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:639.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:410.11pt">discloses the Company’s remaining compensation expense related to stock awards it has granted as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.11pt;position:var(--position);text-decoration:none;white-space:pre;width:57.74pt">September 30,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:651.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:92pt;position:var(--position);text-decoration:none;white-space:pre;width:207.25pt">, which will be amortized over the period disclosed:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:299.25pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:72pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264pt"></td><td style="padding:0;width:100.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:100.5pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:204pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:204pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:60.22pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td></tr><tr style="height:24.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:264pt"><div><div style="line-height:10pt;position:var(--position);top:14.16pt;width:264pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:15.75pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:27.87pt;position:var(--position);text-decoration:none;white-space:pre">Remaining </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:9.39pt;position:var(--position);text-decoration:none;white-space:pre">Compensation Cost</span></div></div></div></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:15.75pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.33pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:14.27pt;position:var(--position);text-decoration:none;white-space:pre">WAVG Period of </span></div><div style="line-height:10pt;position:var(--position);top:14.33pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:25.65pt;position:var(--position);text-decoration:none;white-space:pre">Recognition</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:264pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Restricted stock</span></div></div></div></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:40.5pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:78.79pt"></span></span><span style="left:86.42pt;position:var(--position)">42<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:40.5pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.21pt;position:var(--position);text-decoration:none;white-space:pre">0.4 years</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:56.25pt;width:264pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">RSUs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:56.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:71.29pt"></span></span><span style="left:73.92pt;position:var(--position)">5,948<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:56.25pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.21pt;position:var(--position);text-decoration:none;white-space:pre">2.0 years</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:264pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">PSUs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:72pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:71.29pt"></span></span><span style="left:73.92pt;position:var(--position)">3,361<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:72pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.21pt;position:var(--position);text-decoration:none;white-space:pre">1.9 years</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:264pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:264pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:87.75pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:66.29pt"></span></span><span style="left:73.92pt;position:var(--position)">9,351<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:367.5pt;position:var(--position);top:87.75pt;width:100.5pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:100.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:32.21pt;position:var(--position);text-decoration:none;white-space:pre">1.9 years</span></div></div></div></td></tr></tbody></table></div></div></div> 42000 P0Y4M24D 5948000 P2Y 3361000 P1Y10M24D 9351000 P1Y10M24D <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.99pt">The following table discloses the dividends payable to the Company’s shareholders for common and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:216.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">preferred stock as well as to its employees and directors for DERs related to its outstanding RSUs and PSUs as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:228.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:74.32pt">the dates indicated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.32pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:149.09pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:246.5pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:276pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:93pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:93pt"></td></tr><tr style="height:15.75pt"><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Dividends Payable</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:4.72pt;position:var(--position);text-decoration:none;white-space:pre">September 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.33pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:6.12pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.16pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">($s in thousands)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">RSU DERs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:31.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.79pt"></span></span><span style="left:66.42pt;position:var(--position)">1,628<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:31.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.79pt"></span></span><span style="left:66.42pt;position:var(--position)">1,578<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">PSU DERs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:47.25pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.79pt"></span></span><span style="left:66.42pt;position:var(--position)">2,741<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:47.25pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.79pt"></span></span><span style="left:66.42pt;position:var(--position)">3,423<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued DERs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:63pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.79pt"></span></span><span style="left:66.42pt;position:var(--position)">4,369<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:63pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.79pt"></span></span><span style="left:66.42pt;position:var(--position)">5,001<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Common stock dividends </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:94.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:61.42pt;position:var(--position)">43,850<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:94.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:61.42pt;position:var(--position)">29,877<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:110.25pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Preferred stock dividends</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:110.25pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.79pt"></span></span><span style="left:66.42pt;position:var(--position)">2,361<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:110.25pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.79pt"></span></span><span style="left:66.42pt;position:var(--position)">2,293<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Accrued dividends</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:126pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.79pt"></span></span><span style="left:61.42pt;position:var(--position)">46,211<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:126pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:58.79pt"></span></span><span style="left:61.42pt;position:var(--position)">32,170<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:157.5pt;width:276pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:276pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Total dividends payable</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:279pt;position:var(--position);top:157.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:61.42pt;position:var(--position)">50,580<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:375pt;position:var(--position);top:157.5pt;width:93pt"><div><div style="line-height:10pt;position:var(--position);top:5.17pt;width:93pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:53.79pt"></span></span><span style="left:61.42pt;position:var(--position)">37,171<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 1628000 1578000 2741000 3423000 4369000 5001000 43850000 29877000 2361000 2293000 46211000 32170000 50580000 37171000 SEGMENT REPORTING<div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:475.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:151.86pt">The Company’s operations consist of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.86pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:274.28999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:265.69pt"> reportable segment which involves investing in MBS and funding</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.98pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:487.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">these investments with repurchase agreements and equity. Because the Company’s investment portfolio and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:499.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.85pt">financings are subject to market risks, primarily interest rate risk, management seeks to offset a portion of its market</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:511.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.91pt">value exposure and financing costs through its interest rate derivative instruments (“hedging portfolio”). The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:523.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:276.38pt">Company’s investment and hedging portfolios are managed together.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:538.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108pt;position:var(--position);text-decoration:none;white-space:pre;width:431.97pt">The Company’s revenue is derived from its investment portfolio, which currently consists of primarily</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:550.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:334.6pt">Agency RMBS. The Company’s chief operating decision maker (“CODM”) is its </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:406.6pt;position:var(--position);text-decoration:none;white-space:pre;width:92.78pt"><span style="-sec-ix-hidden:f-1072">Co-CEO and President</span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:499.38pt;position:var(--position);text-decoration:none;white-space:pre;width:40.56pt">. Segment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:562.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:398.77pt">performance is measured by and resource allocation decisions are based on “comprehensive </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.77pt;position:var(--position);text-decoration:none;white-space:pre;width:56.5pt">income (loss)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:527.27pt;position:var(--position);text-decoration:none;white-space:pre;width:12.66pt"> to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:574.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.94pt">common shareholders.” The segment’s significant expense categories as shown on the Company’s consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.94pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:586.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:119.16pt">statement of comprehensive </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.16pt;position:var(--position);text-decoration:none;white-space:pre;width:29.4pt">income</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:220.56pt;position:var(--position);text-decoration:none;white-space:pre;width:319.43pt"> are regularly provided to the CODM for review and are also used to make</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:598.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:467.99pt">resource allocation decisions. Segment assets are total assets as shown on the Company’s consolidated balance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre;width:23.02pt">sheet.</span> 1 false false false false (1)  Amounts disclosed for fair value of collateral pledged include amounts pledged to cover margin calls, which may differ in collateral type from the initial collateral type pledged. Amounts disclosed for collateral received by or posted to the same counterparty include cash and the fair value of MBS up to and not exceeding the net amount of the repurchase agreement liability presented in the balance sheet. The fair value of the total collateral received by or posted to the same counterparty may exceed the amounts presented. Please refer to the consolidated balance sheets for the total fair value of financial instruments pledged as collateral for derivatives and repurchase agreements, which is shown parenthetically, and the total cash pledged or received as collateral, which is disclosed as “cash collateral posted to/by counterparties.” Implied market value represents the estimated fair value of the underlying Agency MBS as of the dates indicated Implied cost basis represents the forward price to be paid for the underlying Agency MBS as of the dates indicated. Net carrying value represents the difference between the implied market value and the implied cost basis of the Company’s TBA securities as of the dates indicated. The total shown is the net amount included on the consolidated balance sheets as derivative assets of $— and derivative liabilities of $78,100 as of September 30, 2026 and $7,841 and $785, respectively, as of December 31, 2025. Amounts disclosed for collateral received by or posted to the same counterparty include cash and the fair value of MBS up to and not exceeding the net amount of the derivative asset or liability presented in the balance sheet. The fair value of the total collateral received by or posted to the same counterparty may exceed the amounts presented. Please refer to the consolidated balance sheets for the total fair value of financial instruments pledged as collateral for derivatives and repurchase agreements, which is shown parenthetically, and the total cash pledged or received as collateral which is disclosed as “cash collateral posted to/by counterparties.” TBA securities are reflected on the consolidated balance sheet as derivative assets or liabilities at their implied fair value, net of implied cost basis. Please refer to Note 5 for additional information Mortgage loans are included on the consolidated balance sheets as a component of other assets. Interest rate swaptions are reflected on the consolidated balance sheet as derivative assets or liabilities at their fair value, net of cost. Please refer to Note 5 for additional information. The number of RSUs shown represent the target number of awards. Actual number of shares that will potentially settle may range from 0% if the recipient’s service-based vesting condition is not met to 100% if the service-based vesting condition is met. The number of PSUs shown represent the target number of awards. Actual number of shares that will potentially settle may range from 0% to 200% based on the achievement of the performance goals defined in each grant award.