Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 32

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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ollars in thousands)Significant OtherObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)TotalASSETS:Trading securities$353 $— $353 Available-for-sale securities:Agency MBS27,259 — 27,259 Non-Agency MBS— 110,928 110,928 Municipal3,424 — 3,424 Total—Available-for-sale securities:$30,683 $110,928 $141,611 Loans held for sale$16,482 $— $16,482 Servicing rights$— $28,924 $28,924 Other assets—Derivative instruments$106,796 $— $106,796 LIABILITIES:Accounts payable and other liabilities—Derivative instruments$102,949 $— $102,949 

10

The following tables present additional information about assets measured at fair value on a recurring basis and for which the Company has utilized Level 3 inputs to determine fair value: For the Three Months EndedDecember 31, 2024(Dollars in thousands)Available-for-sale Securities:Non-Agency MBSServicing Rights1TotalOpening balance$91,309 $27,335 $118,644 Total gains or losses for the period:Included in earnings—Mortgage banking and servicing rights income— 487 487 Included in other comprehensive income(394)— (394)Purchases, retentions, issues, sales and settlements:Purchases/Retentions— 223 223 Settlements(43,503)— (43,503)Closing balance$47,412 $28,045 $75,457 Change in unrealized gains or losses for the period included in earnings for assets held at the end of the reporting period$— $487 $487 For the Six Months EndedDecember 31, 2024(Dollars in thousands)Available-for-sale Securities:Non-Agency MBSServicing Rights1TotalOpening Balance$110,928 $28,924 $139,852 Total gains or losses for the period:Included in earnings—Mortgage banking and servicing rights income— (1,364)(1,364)Included in other comprehensive income388 — 388 Purchases, retentions, issues, sales and settlements:Purchases/Retentions— 485 485 Settlements(63