Company: MFAN
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001055160-25-000004
Chunk: 497

Company: MFA FINANCIAL, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7A
Chunk 497
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2024.  There were no allowances for credit losses recorded with respect to the Company’s AFS securities for any of the periods presented. The Company did not recognize an allowance for credit losses through earnings related to its AFS securities for the years ended December 31, 2024, 2023 and 2022.Impact of AFS Securities on AOCI The following table presents the impact of the Company’s AFS securities (whose changes in fair value are recorded through OCI) on its AOCI for the years ended December 31, 2024, 2023 and 2022:  For the Year Ended December 31,(In Thousands)202420232022AOCI from AFS securities:   Unrealized gain on AFS securities at beginning of period$17,698 $21,341 $46,833 Unrealized gains/(losses) on securities available-for-sale1,764 (2,873)(25,492)Reclassification adjustment 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