Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 42

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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4202320242023Provision for credit losses - loans$11,748 $12,500 $23,248 $18,250 Provision for credit losses - unfunded lending commitments500 1,000 3,000 2,250     Total provision for credit losses$12,248 $13,500 $26,248 $20,500 The following tables summarize activity in the allowance for credit losses - loans by portfolio segment:For the Three Months Ended December 31, 2024(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotalBalance at October 1, 2024$17,453 $65,608 $95,032 $76,555 $9,206 $263,854 Provision (benefit) for credit losses - loans(1,355)(6,334)7,422 8,030 3,985 11,748 Charge-offs— (3,197)— (130)(2,495)(5,822)Recoveries6 — — — 819 825 Balance at December 31, 2024$16,104 $56,077 $102,454 $84,455 $11,515 $270,605 

17

For the Three Months Ended December 31, 2023(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotalBalance at October 1, 2023$17,426 $15,874 $71,355 $54,592 $11,623 $170,870 Allowance for credit losses at acquisition of PCD loans— 58,972 11,125 — — 70,097 Provision (benefit) for credit losses - loans(2,080)3,507 (4,702)14,695 1,080 12,500 Charge-offs— — — (86)(2,321)(2,407)Recoveries10 — — — 679 689 Balance at December 31, 2023$15,356 $78,353 $77,778 $69,201 $11