Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 20

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 20
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 related liabilities, for the periods shown.  The yields and costs may include premium amortization and discount accretion which are considered adjustments to interest income or expense.

 Three Months Ended March 31, 2025Three Months Ended December 31, 2024 Average Balance InterestAverage Yield/CostAverage Balance InterestAverage Yield/Cost(Dollars in Thousands)  Assets:Interest-earning assets (1):Residential whole loans$8,945,010 $151,310 6.77 %$9,186,036 $152,768 6.65 %Securities, at fair value1,625,980 24,670 6.07 1,304,837 19,746 6.05 Cash and cash equivalents (2)496,435 4,127 3.33 550,019 5,097 3.71 Other interest-earning assets7,435 398 21.41 8,959 717 32.01 Total interest-earning assets11,074,860 180,505 6.52 11,049,851 178,328 6.46 Liabilities:Interest-bearing liabilities:Securitized debt (3)$5,808,655 $72,985 5.03 %$5,623,421 $69,959 4.98 %Collateralized financing agreements (4)3,217,776 45,446 5.65 3,321,754 53,037 6.25 8.875% Senior Notes111,333 2,737 9.83 111,151 2,733 9.84 9.00% Senior Notes72,429 1,800 9.94 72,318 1,797 9.94 Total interest-bearing liabilities9,210,193 122,968 5.34 9,128,644 127,526 5.54 Net interest income/net interest rate spread (5)57,537 1.18 50,802 0.92 Impact of net Swap carry (6)15,254 0.66 24,877 1.07 Net interest rate spread (including the impact of Swaps)$72,791 1.84 %$75,679 1.99 %Net interest-earning assets