Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 111

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 111
---
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, fair value is based on discounted cash flows using current market rates applied to the estimated life and credit risk. A discussion of the methods of valuing trading securities, available-for-sale securities, loans held for sale and derivatives can be found in Note 3—“Fair Value” in the 2024 Form 10-K. The fair value of off-balance sheet items is not considered material.

14

3.            AVAILABLE-FOR-SALE SECURITIES

The amortized cost and fair value of available-for-sale securities were:December 31, 2024(Dollars in thousands)AmortizedCostUnrealizedGainsUnrealizedLossesFairValueMortgage-backed securities (MBS):Agency1$49,176 $61 $(2,333)$46,904 Non-agency246,755 933 (276)47,412 Total mortgage-backed securities95,931 994 (2,609)94,316 Municipal3,856 — (324)3,532 Total available-for-sale securities$99,787 $994 $(2,933)$97,848 June 30, 2024(Dollars in thousands)AmortizedCostUnrealizedGainsUnrealizedLossesFairValueMortgage-backed securities (MBS):Agency