Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 74

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 74
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million, realizing gains of $84,000.Impairment and other net gain/(loss) on securities and other portfolio investments The following table present the components of Impairment and other net gain/(loss) on securities and other portfolio investments for the years ended December 31, 2024, 2023 and 2022, which is presented in Other Income/(Loss), net in the consolidated statements of operations:For the Year Ended December 31, (In Thousands)202420232022Net unrealized gain/(loss) on securities$(16,194)$7,341 $(3,230)Net realized gain/(loss) from the sale of securities9,992 908 84 Total Impairment and other net gain/(loss) on securities$(6,202)$8,249 $(3,146)Net unrealized gain/(loss) on other portfolio investments$(4,761)$6,180 $(21,921)Net realized gain/(loss) on other portfolio investments94 (5,869)— Reversal of impairment/(impairment) other portfolio investments— (2,335)— Total Impairment and other net gain/(loss) on securities and other portfolio investments$(10,869)$6,225 $(25,067)Unrealized Losses on Residential Mortgage SecuritiesThere were no gross unrealized losses on the Company’s AFS securities (whose changes in fair value are recorded through OCI) at December 31, 2024.  There were no allowances for credit losses recorded with respect to the Company’s AFS securities for any of the periods presented. The Company did not recognize an allowance for credit losses through earnings related to its AFS securities for the years ended December 31, 2024, 2023 and 2022.Impact of AFS Securities on AOCI The following table presents the impact of the Company’s AFS securities (whose changes in fair value are recorded through OCI) on its AOCI for the years ended December 31, 2024, 2023 and 2022:  For the Year Ended December 31,(In Thousands)202420232022AOCI from AFS securities:   Unrealized gain on AFS securities at beginning of period$17,698 $21,341 $46,833 Unrealized gains/(losses) on securities available-for-sale1,764 (2,873)(25,492)Reclassification adjustment