Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 106

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 106
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,671 — 285,282 — 285,282 Securities loaned139,426 — — 138,698 138,698 Customer, broker-dealer and clearing payables350,606 — — 350,606 350,606 Accounts payable and other liabilities - derivative instruments68,498 — 68,498 — 68,498 1 Other assets - derivative assets are presented net of $50.8 million and $55.4 million of variation margin on centrally-cleared derivatives as of September 30, 2025 and June 30, 2025, respectively.The carrying amount represents the estimated fair value for cash, cash equivalents and restricted cash, stock of regulatory agencies, interest-bearing deposits, accrued interest receivable and payable, demand deposits, short-term debt, and variable rate loans or deposits that reprice frequently and fully. For fixed rate loans, deposits, borrowings or subordinated debt and for variable rate loans, deposits, borrowings or subordinated debt with infrequent repricing or repricing limits, fair value is based on discounted cash flows using current market rates applied to the estimated life and credit risk. A discussion of the methods of valuing trading securities, available-for-sale securities, loans held for sale and derivatives can be found in Note 3—“Fair Value” in the 2025 Form 10-K. The fair value of off-balance sheet items is not considered material.

4.            AVAILABLE-FOR-SALE SECURITIES

The amortized cost and fair value of available-for-sale securities were:September 30, 2025(Dollars in thousands)AmortizedCostUnrealizedGainsUnrealizedLossesFairValueMortgage-backed securities (MBS):Agency1$47,845 $389 $(1,628)$46,606 Non-agency29,901 1,330 (39)11,192 Total mortgage-backed securities57,746 1,719 (1,667)57,798 Total available-for-sale securities$57,746 $1,719 $(1,667)$57,798 June 30, 2025(Dollars in thousands)AmortizedCostUnrealizedGainsUnrealizedLossesFairValueMortgage-backed securities (MBS):Agency1$48,229 $327 $(1,799)$46,757 Non-agency214