Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 114

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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 $7,057 $2,996 Municipal$3,856 $— $— $— $3,856 Available-for-sale—Amortized cost$99,787 $53,941 $31,937 $7,057 $6,852 Available-for-sale—Fair value$97,848 $53,456 $30,918 $6,768 $6,706 

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4.    LOANS & ALLOWANCE FOR CREDIT LOSSES

The Company categorizes the loan portfolio into five segments: Single Family - Mortgage & Warehouse, Multifamily and Commercial Mortgage, Commercial Real Estate, Commercial & Industrial - Non Real Estate (“Non-RE”) and Auto & Consumer. For further detail of the segments of the Company’s loan portfolio, see Note 1—“Organizations and Summary of Significant Accounting Policies” in the 2024 Form 10-K.The following table sets forth the composition of the loan portfolio:(Dollars in thousands)December 31, 2024June 30, 2024Single Family - Mortgage & Warehouse$4,149,778 $4,178,832 Multifamily and Commercial Mortgage13,430,948 3,861,931 Commercial Real Estate16,214,834 6,088,622 Commercial & Industrial - Non-RE5,809,877 5,241,766 Auto & Consumer420,937 431,660 Total gross loans20,026,374 19,802,811 Allowance for credit losses - loans(270,605)(260,542)Unaccreted premiums (discounts) and loan fees(269,042)(310,884)Total net loans$19,486,727 $19,231,385 1 Includes purchased credit deteriorated (“PCD”) loans of $281.3 million and $284.0 million in Multifamily and Commercial Mortgage and $44.5 million and $44.5 million in Commercial Real Estate as of December 31, 2024 and June 30, 2024, respectively. For further detail on PCD loans, see Note 1—“Organizations and Summary of Significant Accounting Policies” in the 2024 Form 10-K.Accrued interest receivable on loans held for investments totaled $111.3 million and $119.8 million as of December