Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v2.4.1.9
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
ASSETS    
Available-for-sale securities, at fair value $ 14,342,845us-gaap_AvailableForSaleSecurities $ 14,341,102us-gaap_AvailableForSaleSecurities
Trading securities, at fair value 2,010,000us-gaap_TradingSecurities 1,997,656us-gaap_TradingSecurities
Residential mortgage loans held-for-sale, at fair value 568,582us-gaap_TradeAndLoansReceivablesHeldForSaleNetNotPartOfDisposalGroup 535,712us-gaap_TradeAndLoansReceivablesHeldForSaleNetNotPartOfDisposalGroup
Residential mortgage loans held-for-investment in securitization trusts, at fair value 2,170,206us-gaap_LoansAndLeasesReceivableNetReportedAmount 1,744,746us-gaap_LoansAndLeasesReceivableNetReportedAmount
Commercial real estate loans held-for-investment 45,556us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet 0us-gaap_MortgageLoansOnRealEstateCommercialAndConsumerNet
Mortgage servicing rights, at fair value 410,229us-gaap_ServicingAssetAtFairValueAmount 452,006us-gaap_ServicingAssetAtFairValueAmount
Cash and cash equivalents 1,020,338us-gaap_CashAndCashEquivalentsAtCarryingValue 1,005,792us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash 441,158us-gaap_RestrictedCashAndCashEquivalents 336,771us-gaap_RestrictedCashAndCashEquivalents
Accrued interest receivable 62,516us-gaap_InterestReceivable 65,529us-gaap_InterestReceivable
Due from counterparties 30,723us-gaap_DueFromCorrespondentBrokers 35,625us-gaap_DueFromCorrespondentBrokers
Derivative assets, at fair value 362,646us-gaap_DerivativeFairValueOfDerivativeAsset 380,791us-gaap_DerivativeFairValueOfDerivativeAsset
Other assets 213,256us-gaap_OtherAssets 188,579us-gaap_OtherAssets
Total Assets 21,678,055us-gaap_Assets [1] 21,084,309us-gaap_Assets [1]
Liabilities    
Repurchase agreements 13,094,878us-gaap_SecuritiesSoldUnderAgreementsToRepurchase 12,932,463us-gaap_SecuritiesSoldUnderAgreementsToRepurchase
Collateralized borrowings in securitization trusts, at fair value 1,400,571us-gaap_LongTermDebtFairValue 1,209,663us-gaap_LongTermDebtFairValue
Federal Home Loan Bank advances 2,625,000us-gaap_AdvancesFromFederalHomeLoanBanks 2,500,000us-gaap_AdvancesFromFederalHomeLoanBanks
Derivative liabilities, at fair value 155,149us-gaap_DerivativeFairValueOfDerivativeLiability 90,233us-gaap_DerivativeFairValueOfDerivativeLiability
Due to counterparties 186,352us-gaap_DueToCorrespondentBrokers 124,206us-gaap_DueToCorrespondentBrokers
Dividends payable 95,307us-gaap_DividendsPayableCurrentAndNoncurrent 95,263us-gaap_DividendsPayableCurrentAndNoncurrent
Other liabilities 59,303us-gaap_OtherLiabilities 64,439us-gaap_OtherLiabilities
Total liabilities 17,616,560us-gaap_Liabilities [1] 17,016,267us-gaap_Liabilities [1]
Stockholders' Equity    
Preferred stock, par value $0.01 per share; 50,000,000 shares authorized; no shares issued and outstanding 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, par value $0.01 per share; 900,000,000 shares authorized and 366,566,133 and 366,395,920 shares issued and outstanding, respectively 3,666us-gaap_CommonStockValue 3,664us-gaap_CommonStockValue
Additional paid-in capital 3,813,914us-gaap_AdditionalPaidInCapital 3,811,027us-gaap_AdditionalPaidInCapital
Accumulated other comprehensive income 849,858us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 855,789us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Cumulative earnings 1,287,338two_RetainedEarnings 1,195,536two_RetainedEarnings
Cumulative distributions to stockholders (1,893,281)us-gaap_CumulativeDividends (1,797,974)us-gaap_CumulativeDividends
Total stockholders’ equity 4,061,495us-gaap_StockholdersEquity 4,068,042us-gaap_StockholdersEquity
Total Liabilities and Stockholders’ Equity 21,678,055us-gaap_LiabilitiesAndStockholdersEquity 21,084,309us-gaap_LiabilitiesAndStockholdersEquity
Variable Interest Entity, Consolidated, Carrying Amount, Assets 2,227,499us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets 1,754,943us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities $ 1,411,375us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities $ 1,219,821us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities
[1] The condensed consolidated balance sheets include assets of consolidated variable interest entities, or VIEs, that can only be used to settle obligations of these VIEs, and liabilities of the consolidated VIEs for which creditors do not have recourse to Two Harbors Investment Corp. At March 31, 2015 and December 31, 2014, assets of the VIEs totaled $2,227,499 and $1,754,943, and liabilities of the VIEs totaled $1,411,375 and $1,219,821, respectively. See Note 3 - Variable Interest Entities for additional information.