Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 106

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 106
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, 2025(Dollars in thousands)Significant OtherObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)TotalASSETS:Trading securities$346 $— $346 Available-for-sale securities:Agency MBS46,999 — 46,999 Non-Agency MBS— 29,301 29,301 Municipal3,658 — 3,658 Total—Available-for-sale securities:$50,657 $29,301 $79,958 Loans held for sale$15,644 $— $15,644 Servicing rights$— $27,585 $27,585 Other assets—Derivative instruments1$16,155 $— $16,155 LIABILITIES:Accounts payable and other liabilities—Derivative instruments$72,642 $— $72,642 1 Other assets - Derivative instruments are presented net of $63.2 million of variation margin on centrally-cleared derivatives as of March 31, 2025.June 30, 2024(Dollars in thousands)Significant OtherObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)TotalASSETS:Trading securities$353 $— $353 Available-for-sale securities:Agency MBS27,259 — 27,259 Non-Agency MBS— 110,928 110,928 Municipal3,424 — 3,424 Total—Available-for-sale securities:$30,683 $110,928 $141,611 Loans held for sale$16,482 $— $16,482 Servicing rights$— $28,924 $28,924 Other assets—Derivative instruments$106,796 $— $106,796 LIABILITIES:Accounts payable and other liabilities—Derivative instruments$102,949 $— $102,949 

10

The following tables present additional information about assets measured at fair value on a recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: For the Three Months EndedMarch 31, 2025(Dollars in thousands)Available-for-sale Securities:Non-Agency MBSServicing Rights1TotalOpening balance$47,412 $28,045 $75,457 Total gains or losses for the period: