Company: MFAN
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001055160-25-000007
Chunk: 162

Company: MFA FINANCIAL, INC.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 162
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 value1,625,980 24,670 6.07 1,304,837 19,746 6.05 Cash and cash equivalents (2)496,435 4,127 3.33 550,019 5,097 3.71 Other interest-earning assets7,435 398 21.41 8,959 717 32.01 Total interest-earning assets11,074,860 180,505 6.52 11,049,851 178,328 6.46 Liabilities:Interest-bearing liabilities:Securitized debt (3)$5,808,655 $72,985 5.03 %$5,623,421 $69,959 4.98 %Collateralized financing agreements (4)3,217,776 45,446 5.65 3,321,754 53,037 6.25 8.875% Senior Notes111,333 2,737 9.83 111,151 2,733 9.84 9.00% Senior Notes72,429 1,800 9.94 72,318 1,797 9.94 Total interest-bearing liabilities9,210,193 122,968 5.34 9,128,644 127,526 5.54 Net interest income/net interest rate spread (5)57,537 1.18 50,802 0.92 Impact of net Swap carry (6)15,254 0.66 24,877 1.07 Net interest rate spread (including the impact of Swaps)$72,791 1.84 %$75,679 1.99 %Net interest-earning assets/net interest margin (7)$1,864,667 2.63 %$1,921,207 2.76 %

(1)Yields presented throughout this Quarterly Report on Form 10-Q are calculated using average amortized cost data for residential whole loans and securities, which excludes unrealized gains and losses.  For GAAP reporting purposes, securities purchases and sales are reported on the trade date.  Average amortized cost data used to determine yields is calculated based on the settlement date of the associated purchase or sale as interest income is not earned on purchased assets and continues to be earned on sold assets until settlement date.  

(2