Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 119

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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 driven by unfunded lending commitment growth, primarily in the commercial real estate and commercial & industrial - non-RE portfolios.Credit Quality Disclosures. The following tables provide the composition of loans that are performing and nonaccrual by portfolio segment:March 31, 2025(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotalPerforming$4,151,274 $3,306,746 $6,322,424 $6,318,810 $444,942 $20,544,196 Nonaccrual43,547 33,872 34,135 71,154 2,352 185,060 Total$4,194,821 $3,340,618 $6,356,559 $6,389,964 $447,294 $20,729,256 Nonaccrual loans to total loans0.89 %June 30, 2024(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotalPerforming$4,133,121 $3,826,877 $6,062,520 $5,237,746 $429,188 $19,689,452 Nonaccrual45,711 35,054 26,102 4,020 2,472 113,359 Total$4,178,832 $3,861,931 $6,088,622 $5,241,766 $431,660 $19,802,811 Nonaccrual loans to total loans0.57 %There were no nonaccrual loans without an allowance for credit losses as of March 31, 2025 and June 30, 2024. There was no interest income recognized on nonaccrual loans in the three and nine months ended March 31, 2025 and 2024. Loans reaching 90 days past due are generally placed on nonaccrual status and risk rated as substandard or doubtful. Loans not yet reaching 90 days past due may be placed on nonaccrual status based on management’s assessment of the aging of contractual principal amounts due, among other factors.Credit Quality Indicators. The Company categorizes loans into