Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 39

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 are primarily driven by the increase in interest rates since the securities were purchased, and accordingly no credit losses were recognized on available-for-sale securities in the three months ended September 30, 2025 and September 30, 2024. There was no amount in the allowance for credit losses for available-for-sale securities at September 30, 2025 and June 30, 2025.The face amounts of available-for-sale securities pledged to secure borrowings were $0.6 million and $0.6 million as of September 30, 2025 and June 30, 2025. There were no sales of available-for-sale securities during the three months ended September 30, 2025.Securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, were:September 30, 2025Available-for-sale securities in loss position forLess Than12 MonthsMore Than12 MonthsTotal(Dollars in thousands)FairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesMBS:Agency$106 $(1)$16,034 $(1,627)$16,140 $(1,628)Non-agency2,099 (21)199 (18)2,298 (39)Total MBS2,205 (22)16,233 (1,645)18,438 (1,667)Total available-for-sale securities$2,205 $(22)$16,233 $(1,645)$18,438 $(1,667)June 30, 2025Available-for-sale securities in loss position forLess Than12 MonthsMore Than12 MonthsTotal(Dollars in thousands)FairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesFairValueGrossUnrealizedLossesMBS:Agency$108 $— $16,212 $(1,799)$16,320 $(1,799)Non-agency2,138 (43)10,695 (15)12,833 (58)Total MBS2,246 (43)26,907 (1,814)29,153 (1,857)Total available-for-sale securities$2,246 $(43)$26,907 $(1,814)$29,153 $(1,857)The following table