Residential Mortgage Banking Overview
Balance Sheet by Quarter
(in thousands)
Assets
Cash and cash equivalents
Restricted cash
Loans, net
Loans, held for sale, at fair value
Payment protection program loans, net
Mortgage backed securities, at fair value
Loans eligible for repurchase from Ginnie Mae
Investment in unconsolidated joint ventures
Derivative instruments
Servicing rights
Real estate owned, held for sale
Other assets
Assets of consolidated VIES
Total Assets
Liabilities
Secured borrowings
Paycheck Protection Program Liquidity Facility (PPPLF) borrowings
Securitized debt obligations of consolidated VIES, net
Convertible notes, net
Senior secured notes and Corporate debt, net
Guaranteed loan financing
Contingent consideration
Liabilities for loans eligible for repurchase from Ginnie Mae
Derivative instruments
Dividends payable
Loan participations sold
Due to third parties
Accounts payable and other accrued liabilities
Total Liabilities
Preferred stock Series C
Stockholders' Equity
Preferred stock
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Total Ready Capital Corporation equity
Non-controlling interests
Total Stockholders' Equity
Total Liabilities and Stockholders' Equity
Adjusted Book Value per Share
READY CAPITAL.
9/30/2022
12/31/2022
3/31/2023
6/30/2023
9/30/2023
S
208,037
57,675
4,158,807
S
163,041
55,927
3,576,310
S
111,192 S
49,632
3,128,197
227,504 S
34,534
3,571,520
181,913
36,576
4,151,923
403,609
258,377
236,578
238,664
184,989
275,761
186,985
146,557
94,611
58,145
37,895
32,041
32,607
33,770
33,339
65,188
66,193
64,293
59,015
72,401
119,272
118,641
114,169
122,504
136,113
26,212
12,963
13,773
8,755
8,620
277,692
279,320
278,936
296,364
307,779
82,977
117,098
90,104
251,325
281,941
213,030
189,769
202,690
220,691
265,428
$
5,883,374
11,858,211
$
6,552,760
11,620,977
7,054,861
7,207,426
7,080,266
$
11,537,463 $
12,383,046 $
12,799,433
3,348,249
305,797
2,846,293
201,011
2,484,902
2,395,687
2,385,070
169,596
110,838
76,333
4,429,846
4,903,350
5,300,967
5,395,361
5,264,037
114,108
114,397
114,689
114,942
1,005,159
1,006,020
1,007,421
1,106,909
1,108,512
283,822
264,889
238,948
226,084
886,916
33,200
28,500
16,636
15,566
13,408
65,188
66,193
64,293
59,015
72,401
4,345
1,586
2,639
2,261
51,136
47,177
47,308
26,381
64,777
54,104
54,641
55,967
54,461
57,465
14,881
11,805
12,881
4,467
2,436
171,152
176,520
132,523
S
9,880,987
8,361
S
9,722,382
8,361
$
9,648,770
8,361
$
159,651
9,671,623
8,361
168,298
$
10,099,653
8,361
111,378
11
111,378
111,378
11
11
111,378
17
111,378
17
1,720,019
1,684,074
1,687,631
40,079
(4,505)
4,994
(6,532)
2,313,849
187,139
2,318,109
(9,369)
(12,353)
(9,281)
1,866,982
1,791,088
1,780,135
2,603,102
168,539
(5,928)
2,592,115
101,881
99,146
100,197
99,960
99,304
$
1,968,863
$
1,890,234
$
1,880,332 $
2,703,062
$
2,691,419
$
11,858,211
$
11,620,977
$
11,537,463
$
12,383,046
$
12,799,433
$
15.40
$
15.20
$
15.07
$
14.52
$
14.42View entire presentation