Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 114

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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31, 2025Available-for-sale securities in loss position forLess Than12 MonthsMore Than12 MonthsTotal(Dollars in thousands)FairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesMBS:Agency$— $— $16,382 $(1,986)$16,382 $(1,986)Non-agency— — 24,539 (90)24,539 (90)Total MBS— — 40,921 (2,076)40,921 (2,076)Municipal— — 3,658 (232)3,658 (232)Total available-for-sale securities$— $— $44,579 $(2,308)$44,579 $(2,308)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 March 31, 2025(Dollars in thousands)Total AmountDue Within One YearDue after One but within Five YearsDue after Five but within Ten YearsDue After Ten YearsMBS:Agency$48,725 $11,128 $30,206 $5,555 $1,836 Non-Agency$28,432 $24,842 $1,403 $1,271 $916 Total MBS$77,157