Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 36

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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 thousands)2024202320242023Interest income$249 $141 $537 $330 Change in fair value(384)33 (367)(96)Total $(135)$174 $170 $234 

13

Fair Value of Financial InstrumentsCarrying amounts and estimated fair values of financial instruments at December 31, 2024 and June 30, 2024 were: December 31, 2024Fair Value(Dollars in thousands)CarryingAmountLevel 1Level 2Level 3Total Fair ValueFinancial assets:Cash, cash equivalents and restricted cash$2,673,431 $2,673,431 $— $— $2,673,431 Trading securities241 — 241 — 241 Available-for-sale securities97,848 — 50,436 47,412 97,848 Stock of regulatory agencies34,298 — 34,298 — 34,298 Loans held for sale, at fair value25,436 — 25,436 — 25,436 Loans held for investment—net19,486,727 — — 19,661,657 19,661,657 Securities borrowed114,672 — — 113,565 113,565 Customer, broker-dealer and clearing receivables298,887 — — 296,997 296,997 Servicing rights28,045 — — 28,045 28,045 Other assets - derivative instruments116,363 — 16,363 — 16,363 Financial liabilities:Total deposits19,934,904 — 19,604,164 — 19,604,164 Advances from the Federal Home Loan Bank60,000 — 55,042 — 55,042 Borrowings, subordinated notes and debentures358,692 — 320,993 — 320,993 Securities loaned135,258 — — 134,594 134,594 Customer, broker-dealer and clearing payables309,593 — — 309,593 309,593 Accounts payable and other liabilities - derivative instruments83,957 — 83,957 — 83,957  1 Other Assets - Derivative Assets are presented net of $78.0 million of variation margin