Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 113

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 113
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More Than12 MonthsTotal(Dollars in thousands)FairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesMBS:Agency$9,102 $(21)$16,479 $(2,312)$25,581 $(2,333)Non-agency— — 44,866 (276)44,866 (276)Total MBS9,102 (21)61,345 (2,588)70,447 (2,609)Municipal— — 3,532 (324)3,532 (324)Total available-for-sale securities$9,102 $(21)$64,877 $(2,912)$73,979 $(2,933)June 30, 2024Available-for-sale securities in loss position forLess Than12 MonthsMore Than12 MonthsTotal(Dollars in thousands)FairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesMBS:Agency$2,644 $(31)$19,298 $(2,628)$21,942 $(2,659)Non-agency15 — 78,364 (568)78,379 (568)Total MBS2,659 (31)97,662 (3,196)100,321 (3,227)Municipal— — 3,424 (364)3,424 (364)Total available-for-sale securities$2,659 $(31)$101,086 $(3,560)$103,745 $(3,591)The following table sets forth the expected maturity distribution of our mortgage-backed securities, which is based on assumed prepayment rates, and the maturity distribution of our non-MBS, which is based on the contractual maturity:As of December 31, 2024(Dollars in thousands)Total AmountDue Within One YearDue after One but within Five YearsDue after Five but within Ten YearsDue After Ten YearsMBS:Agency$49,176 $10,960 $30,660 $5,769 $1,787 Non-Agency$46,755 $42,981 $1,277 $1,288 $1,209 Total MBS$95,931 $53,941 $31,937