Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 176

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 176
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 expense by the average balance of the 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 September 30, 2025Three Months Ended June 30, 2025 Average Balance InterestAverage Yield/CostAverage Balance InterestAverage Yield/Cost(Dollars in Thousands)  Assets:Interest-earning assets (1):Residential whole loans$9,007,613 $153,290 6.81 %$9,030,301 $154,568 6.85 %Securities, at fair value1,914,726 27,708 5.79 1,744,884 28,778 6.60 Cash and cash equivalents (2)509,538 4,278 3.36 527,071 4,470 3.39 Other interest-earning assets7,350 515 28.06 7,435 528 28.41 Total interest-earning assets11,439,227 185,791 6.50 11,309,691 188,344 6.66 Liabilities:Interest-bearing liabilities:Securitized debt (3)$6,021,807 $77,022 5.12 %$5,906,258 $74,775 5.06 %Collateralized financing agreements (4)3,463,727 47,381 5.35 3,429,344 47,748 5.51 Other secured financing2,576 45 6.94 — — — 8.875% Senior Notes111,712 2,747 9.83 111,521 2,742 9.83 9.00% Senior Notes72,658 1,806 9.94 72,542 1,803 9.94 Total interest-bearing liabilities9,672,480 129,001 5.29 9,519,665 127,068 5.32 Net interest income/net interest rate spread (5)56,790 1.21 61,276 1.34 Impact of net Swap carry (6)16,000 0.65 15,519 0.64 Net interest rate spread (including the impact of net