Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 54

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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Foreign exchange contractsBanking and service fees(29)— (29)— 

6.    OFFSETTING OF DERIVATIVES AND SECURITIES FINANCING AGREEMENTS

The Company enters into derivatives transactions as part of its mortgage banking activities, market making activity in interest rate swap and cap derivatives to facilitate customer demand and hedging activities related to interest rate risk management, and enters into securities borrowed and securities loaned transactions to facilitate customer match-book activity, cover short positions and support customer securities lending. For additional information on offsetting see Note 7—“Offsetting of Derivatives and Securities Financing Agreements” in the 2024 Form 10-K.The following tables present information about the offsetting of these instruments and related collateral amounts:March 31, 2025(Dollars in thousands)Gross Assets / LiabilitiesAmounts OffsetNet Balance Sheet AmountAmounts Not Offset2Net Assets / LiabilitiesAssets:Securities borrowed$91,915 $— $91,915 $91,915 $— Other Assets — Derivative Assets116,155 — 16,155 11,788 4,367 Liabilities:Securities loaned$111,094 $— $111,094 $111,094 $— Accounts Payable and Other Liabilities — Derivative Liabilities72,642 — 72,642 4,043 68,599 

22

June 30, 2024(Dollars in thousands)Gross Assets / LiabilitiesAmounts OffsetNet Balance Sheet AmountAmounts Not Offset2Net Assets / LiabilitiesAssets:Securities borrowed$67,212 $— $67,212 $67,212 $— Other Assets — Derivative Assets106,796 — 106,796 18,524 88,272 Liabilities:Securities loaned$74,177 $— $74,177 $74,177 $— Accounts Payable and Other Liabilities — Derivative Liabilities102,949 — 102,949 414 102,535 1 Other Assets - Derivative Assets are presented net of $63.2 million of variation margin on centrally-cleared derivatives as of March 31, 2025.2 Amounts not offset reflect cash collateral received on Derivative Assets of $8.4 million and $18.1 million as of March 31,