Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 110

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 110
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 in the assumptions used for the default rate is accompanied by a directionally opposite change in the assumption used for the voluntary prepayment rate. For servicing rights, significant increases in the voluntary prepayment rate or discount rate in isolation would result in a significantly lower fair value measurement, while a significant increase in expected life in isolation would result in a significantly higher fair value measurement. Generally, a change in the voluntary prepayment rate is accompanied by a directionally opposite change in expected life.The aggregate fair value of loans held for sale, carried at fair value, the contractual balance (including accrued interest), and the unrealized gain were:

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(Dollars in thousands)March 31, 2025June 30, 2024Aggregate fair value$15,644 $16,482 Contractual balance15,176 15,966 Unrealized gain$468 $516 The total interest income and amount of gains and losses from changes in fair value included in earnings for loans held for sale, carried at fair value, were:For the Three Months Ended March 31,For the Nine Months Ended March 31, (Dollars in thousands)2025202420252024Interest income$212 $208 $749 $538 Change in fair value227 118 (140)22 Total $439 $326 $609 $560 Fair Value of Financial InstrumentsCarrying amounts and estimated fair values of financial instruments at March 31, 2025 and June 30, 2024 were: March 31, 2025Fair Value(Dollars in thousands)CarryingAmountLevel 1Level 2Level 3Total Fair ValueFinancial assets:Cash, cash equivalents and restricted cash$2,257,694 $2,257,694 $— $— $2,257,694 Trading securities346 — 346 — 346 Available-for-sale securities79,958 — 50,657 29,301 79,958 Stock of regulatory agencies35,299 — 35,299 — 35,299 Loans held for sale, at fair value15,644 — 15,644 — 15,644 Loans held for investment—net20,193,630 — — 20,410,588 20,410,588 Securities borrowed91,915 — — 91,077 91,077 Customer, broker