Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 78

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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 volume and changes attributable to rate.

For the Three Months EndedFor the Six Months EndedDecember 31, December 31, 2024 vs 20232024 vs 2023Increase (Decrease) Due toIncrease (Decrease) Due to(Dollars in thousands)VolumeRateTotalIncrease(Decrease)VolumeRateTotalIncrease(Decrease)Increase (decrease) in interest income:Loans$44,565 $8,450 $53,015 $104,122 $60,149 $164,271 Non-purchased loans19,384 12,086 31,470 26,736 60,220 86,956 Purchased loans125,181 (3,636)21,545 77,386 (71)77,315 Interest-earning deposits in other financial institutions12,765 (3,853)8,912 21,172 (3,346)17,826 Mortgage-backed and other securities(1,420)(213)(1,633)(2,670)(139)(2,809)Securities borrowed and margin lending(15)998 983 (309)2,568 2,259 Stock of the regulatory agencies240 (112)128 274 (106)168 Total increase (decrease) in interest income$56,135 $5,270 $61,405 $122,589 $59,126 $181,715 Increase (decrease) in interest expense:Interest-bearing demand and savings$24,558 $(13,271)$11,287 $58,103 $(3,359)$54,744 Time deposits(707)98 (609)(3,851)944 (2,907)Securities loaned(320)(212)(532)(717)278 (439)Advances from the FHLB(18)(4)(22)(19)(4)(23)Borrowings, subordinated notes and debentures(368)154 (214)(1,567)(479)(2,046)Total increase (decrease) in interest expense$23,145 $(13,235)$9,910 $51,949 $(2,620)$49,329 

1 Purchased loans include loans, loan discounts and unearned fees related to the FDIC Loan Purchase.

Net Interest Income

For the three months ended December