Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 275

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 275
---
$4,889 $17,652 $9,476 $17,698 Unrealized gain/(loss) on securities available-for-sale32 (202)(4,329)2,410 Reclassification adjustment for MBS sales included in net income(594)(7,328)(820)(9,986)Change in AOCI from AFS securities(562)(7,530)(5,149)(7,576)Balance at end of period$4,327 $10,122 $4,327 $10,122  Interest Income on Securities, at Fair Value The following table presents the components of interest income on the Company’s Securities, at fair value:  Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(In Thousands)2025202420252024Agency MBSCoupon interest$25,596 $10,967 $69,372 $27,379 Effective yield adjustment (1)(2)44 (28)105 (80)Interest income$25,640 $10,939 $69,477 $27,299 Other MBSCoupon interest$1,420 $2,009 $4,383 $6,170 Effective yield adjustment (1)(2)648 13 1,146 87 Interest income$2,068 $2,022 $5,529 $6,257 Term notes backed by MSR collateralCoupon interest$— $1,265 $1,789 $5,026 Effective yield adjustment (2) (3)— 516 4,361 2,781 Interest income$— $1,781 $6,150 $7,807 (1)Includes amortization of premium paid net of accretion of purchase discount.  Interest income is recorded at an effective yield, which reflects net premium amortization/accretion based on actual prepayment activity. (2)The effective yield adjustment is the difference between the net income calculated using the net yield less the current coupon yield.  The net yield may be based on management’s estimates of the amount and timing of future cash flows or in the instrument’s contractual cash flows, depending on the relevant accounting standards.  (3)The effective yield adjustment for the nine months ended September 30, 2025 includes $2.6 million of accelerated discount accretion for MSR-related assets that were rep