Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 116

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 116
---
.8 million as of March 31, 2025 and June 30, 2024, respectively.At March 31, 2025 and June 30, 2024, the Company pledged certain loans totaling $4,272.6 million and $4,942.8 million, respectively, to the FHLB and $8,771.8 million and $8,197.2 million, respectively, to the Federal Reserve Bank of San Francisco (“FRBSF”).The following table presents loan-to-value (“LTV”) for the Company’s real estate loans outstanding as of March 31, 2025:Total Real Estate LoansSingle Family - Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateWeighted-Average LTV48.4 %56.2 %50.3 %42.2 %Median LTV51.2 %53.5 %48.4 %43.9 %The following table presents the components of the provision for credit losses:For the Three Months Ended March 31, For the Nine Months Ended March 31, (Dollars in thousands)2025202420252024Provision for credit losses - loans$13,750 $9,000 $36,998 $27,250 Provision for credit losses - unfunded lending commitments750 (3,000)3,750 (750)    Total provision for credit losses$14,500 $6,000 $40,748 $26,500 The following tables summarize activity in the allowance for credit losses - loans by portfolio segment:For the Three Months Ended March 31, 2025(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotalBalance at January 1, 2025$16,104 $56,077 $102,454 $84,455 $11,515 $270,605 Provision (benefit) for credit losses - loans1,593 (7,976)(12,870)29,921 3,082 13,750 Charge-offs(2,297)(1,131)— (753)(2,026)(6,207)Recoveries4 689 255 — 854 1,802 Balance at March 31, 2025$15