Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 82

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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783 29,223 (7,440)Commercial & Industrial - Non-RE62,536 61,804 732 Auto & Consumer2,157 2,126 31 Total nonaccrual loans$170,410 $170,386 $24 Foreclosed real estate4,383 4,535 (152)Repossessed vehicles—Autos559 505 54 Total non-performing assets$175,352 $175,426 $(74)Total nonaccrual loans as a percentage of total loans0.74 %0.79 %(0.05)%Total non-performing assets as a percentage of total assets0.64 %0.71 %(0.07)%

Our non-performing assets remained flat at $175.4 million at September 30, 2025 compared to June 30, 2025, as an increase in the single family - mortgage & warehouse portfolio was offset by decreases in the multifamily and commercial mortgage and commercial real estate portfolios. Non-performing assets as a percentage of total assets decreased to 0.64% at September 30, 2025 from 0.71% at June 30, 2025.

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Available-for-Sale Securities

Total available-for-sale securities were $57.8 million as of September 30, 2025, compared with $66.0 million at June 30, 2025. During the three months ended September 30, 2025, we received principal repayments of $8.6 million. The remainder of the change for the available-for-sale securities portfolio is attributable to changes in the fair value of the securities.

Deposits

Deposits increased by $1.4 billion, or 6.9%, to $22.3 billion at September 30, 2025, from $20.8 billion at June 30, 2025. As of September 30, 2025 compared with June 30, 2025, interest-bearing demand and savings increased $905.6 million, non-interest-bearing deposits increased by $346.6 million and time deposits increased $183.0 million.

The following table sets forth the composition of the deposit portfolio:

(Dollars in thousands)September 30, 2025June 30, 2025Non-interest-bearing$3,387,318 $3,040,696 Interest-bearing demand and savings$