Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 393

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 4
Chunk 393
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 514 (214)(391)315 Write-offs(2,003)(451)— (113)(2,567)Allowance for credit losses at March 31, 2023$3,626 $1,340 $7,145 $20,951 $33,062 Current provision/(reversal)999 (103)(233)(398)265 Write-offs(1,785)— (206)(301)(2,292)Allowance for credit losses at June 30, 2023$2,840 $1,237 $6,706 $20,252 $31,035 Current provision/(reversal)559 329 (2,627)487 (1,252)Write-offs(881)(235)— (110)(1,226)Allowance for credit losses at September 30, 2023$2,518 $1,331 $4,079 $20,629 $28,557 Current provision/(reversal)230 3,123 (2,208)(8,982)(7,838)Write-offs(161)(99)— (9)(269)Allowance for credit losses at December 31, 2023$2,587 $4,355 $1,871 $11,638 $20,451 (1)In connection with Single-family transitional loans at carrying value, the Company had unfunded commitments of $1.6 million and $2.5 million as of December 31, 2024 and 2023, respectively, with an allowance for credit losses of $0 and $0 at December 31, 2024 and 2023, respectively.  Such allowance is included in “Other liabilities” in the Company’s consolidated balance sheets (see Note 7).(2)Includes $14.7 million and $26.3 million of loans that were assessed for credit losses based on a collateral dependent methodology as of December 31, 2024 and 2023, respectively.(3)Includes $34.2 million and $53.0 million of loans that were assessed for credit losses based on a collateral dependent methodology as of December 31, 2024 and 2023, respectively.  

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSDecember 31