Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 118

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 118
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, was primarily driven by unfunded lending commitment growth, primarily in the commercial & industrial - non-RE portfolio.Credit Quality Disclosures. The following tables provide the composition of loans that are performing and nonaccrual by portfolio segment:December 31, 2024(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotalPerforming$4,080,208 $3,381,791 $6,155,068 $5,739,018 $418,757 $19,774,842 Nonaccrual69,570 49,157 59,766 70,859 2,180 251,532 Total$4,149,778 $3,430,948 $6,214,834 $5,809,877 $420,937 $20,026,374 Nonaccrual loans to total loans1.26 %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 December 31, 2024 and June 30, 2024. There was no interest income recognized on nonaccrual loans in the three and six months ended December 31, 2024 and 2023. 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 risk