Company: AX
Filing Date: 2025-01-28
Form Type: 10-Q
Source: 0001299709-25-000011
Chunk: 125

Company: Axos Financial, Inc.
Filing Date: 2025-01-28
Form: 10-Q
Item: Part I, Item 8
Chunk 125
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.87 %100 %June 30, 2024(Dollars in thousands)Current30-59 Days60-89 Days90+ DaysTotalSingle Family-Mortgage & Warehouse$4,070,186 $46,387 $18,401 $43,858 $4,178,832 Multifamily and Commercial Mortgage3,795,387 13,074 8,554 44,916 3,861,931 Commercial Real Estate6,024,470 — 25,950 38,202 6,088,622 Commercial & Industrial - Non-RE5,240,734 — — 1,032 5,241,766 Auto & Consumer424,555 4,644 996 1,465 431,660 Total$19,555,332 $64,105 $53,901 $129,473 $19,802,811 As a % of total gross loans98.75 %0.33 %0.27 %0.65 %100 %Loans reaching 90 or more days past due are generally placed on nonaccrual. As of December 31, 2024 and June 30, 2024, there were loans of $34.7 million and $20.2 million, respectively, over 90 days past due and still accruing interest as the Company expects to collect the principal and interest amounts due.Single family mortgage loans in process of foreclosure were $28.8 million and $20.1 million as of December 31, 2024 and June 30, 2024, respectively.Loan Modifications to Borrowers Experiencing Financial Difficulty. The Company may grant certain modifications of loans to borrowers experiencing financial difficulty, which effective following the adoption of ASU 2022-02, are reported as financial difficulty modifications (“FDMs”). The Company’s modification programs provide various modifications to borrowers experiencing financial difficulty which may include interest rate reductions, term extensions, payment delays and/or principal forgiveness. For the three and six months ended December 31, 2024 and 2023, there were no FDMs.

5.    DERIVATIVES

For additional information on the Company’s derivative instruments, see Note 1—“Organizations and Summary of Significant Accounting Policies”, Note 3—“Fair Value” and Note 6—“Derivatives”