Company: CVCO
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001628280-25-047849
Chunk: 52

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 8
Chunk 52
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March 29, 202520252024202320222021PriorTotalPrime- FICO score 680 and greater$18,133 $9,209 $323 $92 $761 $13,197 $41,715 Near Prime- FICO score 620-6792,948 1,210 — — 1,026 9,000 14,184 Sub-Prime- FICO score less than 620537 — — — 17 680 1,234 No FICO score317 441 — — — 271 1,029 $21,935 $10,860 $323 $92 $1,804 $23,148 $58,162 As of September 27, 2025, 47% of the outstanding principal balance of the consumer loans receivable portfolio was concentrated in Texas and 15% was concentrated in Florida. As of March 29, 2025, 54% of the outstanding principal balance of the consumer loans receivable portfolio was concentrated in Texas and 11% was concentrated in Florida. Other than Texas and Florida, no state had concentrations in excess of 10% of the outstanding principal balance of the consumer loans receivable as of September 27, 2025 or March 29, 2025.

8. Commercial Loans Receivable

The commercial loans receivable balance consists of direct financing arrangements for the home product needs of our independent distributors, community owners and developers.Commercial loans receivable, net consisted of the following (in thousands):September 27,2025March 29,2025Loans receivable (including from affiliates)$108,038 $100,297 Allowance for loan losses (387)(361)Deferred financing fees, net(206)(190)107,445 99,746 Less current portion of commercial loans receivable (including from affiliates), net(45,695)(46,373)$61,750 $53,373 The commercial loans receivable balance had the following characteristics:September 27,2025March 29,2025Weighted average contractual interest rate7.7 %8.3 %Weighted average months outstanding910

8

Nonperforming status includes loans accounted for on a non-accrual basis and accruing loans with principal payments 90 days or more past due. As of September 27, 202