Company: AX
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001299709-25-000125
Chunk: 143

Company: Axos Financial, Inc.
Filing Date: 2025-08-21
Form: 10-K
Item: Item 7
Chunk 143
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5 %New York 28.2 %8.6 %37.1 %36.8 %Florida12.0 %4.7 %5.4 %19.5 %Texas5.5 %1.1 %0.6 %10.2 %New Jersey 2.7 %1.0 %5.2 %2.7 %Nevada2.4 %1.5 %0.5 %3.8 %Georgia1.7 %1.9 %— %2.2 %Arizona1.3 %2.9 %0.2 %0.7 %South Carolina 1.2 %0.1 %— %2.5 %All other states9.2 %7.7 %2.5 %13.1 %Total100 %100 %100 %100 %

1 Consists of loans secured by real property in California with ZIP Code ranges from 90001 to 92999.

2 Consists of loans secured by real property in California with ZIP Code ranges from 93000 to 96161.

44

The ratio of the loan amount to the value of the property securing the loan is called the loan-to-value ratio (“LTV”). The following table shows the LTVs of our loan portfolio on weighted-average and median bases at June 30, 2025. The LTVs were calculated by dividing (a) the current outstanding loan principal balance of both the first and second liens of the borrower by (b) the appraisal value at the time of origination of the property securing the loan.

Total Real Estate LoansSingle Family - Mortgage & WarehouseMultifamily and Commercial MortgageCommercialReal EstateWeighted-Average LTV46.2 %56.7 %49.4 %45.4 %Median LTV51.0 %53.5 %47.9 %45.7 %

    Asset Quality. Loans reaching 90 days past due are generally placed on nonaccrual status. Loans not yet reaching 90 days past due may be placed on non-accrual status based on management’s assessment of the aging of contractual principal amounts due, among other factors. For an aging analysis of the Company’s loans held for investment as of June 30, 2025