Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 75

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 5
Chunk 75
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 for MBS sales included in net income(9,986)(770)— Change in AOCI from AFS securities(8,222)(3,643)(25,492)Balance at end of period$9,476 $17,698 $21,341 

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Table of ContentsMFA FINANCIAL, INC.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024

Interest Income on Securities, at Fair Value The following table presents the components of interest income on the Company’s Securities, at fair value:  For the Year Ended December 31,(In Thousands)202420232022Agency MBSCoupon interest$43,823 $20,676 $— Effective yield adjustment (1)(2)(238)(146)— Interest income$43,585 $20,530 $— Other MBSCoupon interest$7,840 $8,128 $4,793 Effective yield adjustment (1)(2)88 191 3,143 Interest income$7,928 $8,319 $7,936 Term notes backed by MSR collateralCoupon interest$6,204 $8,423 $6,610 Effective yield adjustment (2)(3)$3,393 $5,104 $14,374 Interest income$9,597 $13,527 $20,984 (1)Includes amortization of premium paid net of accretion of purchase discount.  Interest income is recorded at an effective yield, which reflects net premium amortization/accretion based on actual prepayment activity.(2)The effective yield adjustment is the difference between the net income calculated using the net yield less the current coupon yield.  The net yield may be based on management’s estimates of the amount and timing of future cash flows or in the instrument’s contractual cash flows, depending on the relevant accounting standards.    

(3)Includes $7.8 million of accretion income recognized during the year ended December 31, 2022, due to the impact of the redemption at par of MSR-related assets that had been held at amortized cost basis below par due to an impairment charge recorded in the first quarter of 2020.  

5.    Other Assets 

The following table presents the components of the Company’s Other assets at December 31, 2024 and 2023:(In Thousands)December 31, 202