Company: MFAN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001055160-25-000018
Chunk: 187

Company: MFA FINANCIAL, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 187
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.  The yields and costs may include premium amortization and discount accretion which are considered adjustments to interest income or expense. 

 Nine Months Ended September 30, 20252024 Average BalanceInterestAverage Yield/CostAverage Balance InterestAverage Yield/Cost(Dollars in Thousands) Assets:      Interest-earning assets (1):      Residential whole loans$8,994,537 $459,168 6.81 %$9,477,822 $480,788 6.76 %Securities, at fair value1,762,921 81,156 6.14 801,373 41,363 6.88 Cash and cash equivalents (2)511,063 12,875 3.36 537,181 17,144 4.26 Other interest-earning assets7,406 1,441 25.95 45,001 6,341 18.79 Total interest-earning assets11,275,927 554,640 6.56 10,861,377 545,636 6.70 Liabilities:Interest-bearing liabilities:Securitized debt (3)$5,913,021 $224,782 5.07 %$5,084,775 $181,623 4.76 %Collateralized financing agreements (4)3,371,183 140,575 5.50 3,547,416 195,407 7.24 Convertible Senior Notes— — — 108,178 5,540 6.83 Other secured financing868 45 6.90 — — — 8.875% Senior Notes111,523 8,226 9.83 106,827 7,870 9.82 9.00% Senior Notes72,544 5,409 9.94 44,004 3,268 9.90 Total interest-bearing liabilities9,469,139 379,037 5.32 8,891,200 393,708 5.86 Net interest income/net interest rate spread (5)175,603 1.24 151,928 0.84 Impact of net Swap carry (6)46,774 0.65 87,894 1.30 Net interest rate spread (including the