Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 42

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 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$15,404 $47,659 $89,839 $113,623 $13,425 $279,950 

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For the Three Months Ended March 31, 2024(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotalBalance at January 1, 2024$15,356 $78,353 $77,778 $69,201 $11,061 $251,749 Provision (benefit) for credit losses - loans1,629 (1,856)5,064 2,809