Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 37

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 on centrally-cleared derivatives as of December 31, 2024.June 30, 2024Fair Value(Dollars in thousands)CarryingAmountLevel 1Level 2Level 3Total Fair ValueFinancial assets:Cash, cash equivalents and restricted cash$2,185,776 $2,185,776 $— $— $2,185,776 Trading securities353 — 353 — 353 Available-for-sale securities141,611 — 30,683 110,928 141,611 Stock of regulatory agencies21,957 — 21,957 — 21,957 Loans held for sale, at fair value16,482 — 16,482 — 16,482 Loans held for investment—net19,231,385 — — 19,209,442 19,209,442 Securities borrowed67,212 — — 71,480 71,480 Customer, broker-dealer and clearing receivables240,028 — — 249,317 249,317 Servicing rights28,924 — — 28,924 28,924 Other assets - derivative instruments106,796 — 106,796 — 106,796 Financial liabilities:Total deposits19,359,217 — 19,217,281 — 19,217,281 Advances from the Federal Home Loan Bank90,000 — 84,201 — 84,201 Borrowings, subordinated notes and debentures325,679 — 302,487 — 302,487 Securities loaned74,177 — — 74,021 74,021 Customer, broker-dealer and clearing payables301,127 — — 301,127 301,127 Accounts payable and other liabilities - derivative instruments102,949 — 102,949 — 102,949 The carrying amount represents the estimated fair value for cash, cash equivalents and restricted cash, stock of regulatory agencies, interest-bearing deposits, accrued interest receivable and payable, demand deposits, short-term debt, and variable rate loans or deposits that reprice frequently and fully. For fixed rate loans, deposits, borrowings or subordinated debt and for variable rate loans, deposits, borrowings or subordinated debt with infrequent repricing or repricing limits,