Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 46

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 taken together, could jeopardize the repayment of the debt. A loan not fully supported by at least one available source of repayment and involves a distinct possibility that the Company will sustain some loss in that 

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loan if the weakness is not cured. A loan supported by a guaranty, collateral sufficient to incentivize a sale or refinance, or cash flow that is sufficient for timely repayment in full will not be classified as substandard even if the loan has a well-defined weakness in other sources of repayment.Doubtful. Loans reflecting the same characteristics as those classified as substandard, but for which repayment in full in accordance with the contractual terms is currently considered highly unlikely.The Company reviews and grades loans following a continuous review process, featuring coverage of all loan types and business lines at least quarterly. Continuous reviewing provides more effective risk monitoring because it immediately tests for potential impacts caused by changes in personnel, policy, products or underwriting standards.

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The following tables present the composition of loans by portfolio segment, fiscal year of origination and credit quality indicator, and the amount of year-to-date gross charge-offs.December 31, 2024Loans Held for Investment by Fiscal Year of OriginationRevolving Loans Total(Dollars in thousands)20252024202320222021PriorSingle Family-Mortgage & WarehousePass$228,407 $358,736 $502,219 $1,107,651 $464,983 $848,732 $500,009 $4,010,737 Special Mention— 4,119 1,455 19,542 2,978 22,172 8,551 58,817 Substandard— 1,200 5,704 15,602 5,832 51,886 — 80,224 Doubtful— — — — — — — — Total228,407 364,055 509,378 1,142,795 473,793 922,790 508,560 4,149,778 Year-to-date gross charge-offs— — — — — — — — Multifamily and Commercial MortgagePass22,417 29,290 652,116 981,431 468,493 1,099,774 — 3,253,521 Special Mention— — 23,199 58,964 4,340