Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 41

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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,981 6,795,497 Auto & Consumer531,044 482,996 Total gross loans23,142,248 21,551,697 Allowance for credit losses - loans(307,431)(290,049)Unaccreted premiums (discounts) and loan fees(199,680)(212,038)Total net loans$22,635,137 $21,049,610 Accrued interest receivable on loans held for investments totaled $120.8 million and $109.6 million as of September 30, 2025 and June 30, 2025, respectively.At September 30, 2025 and June 30, 2025, the Company pledged certain loans totaling $4,112.0 million and $4,284.7 million, respectively, to the FHLB and $8,320.3 million and $8,227.7 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 September 30, 2025:Total Real Estate LoansSingle Family - Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateWeighted-Average LTV48 %57 %49 %43 %Median LTV51 %53 %47 %43 %The following table presents the components of the provision for credit losses:For  September 30, (Dollars in thousands)20252024Provision for credit losses - loans$15,255 $11,500 Provision for credit losses - unfunded lending commitments2,000 2,500     Total provision for credit losses$17,255 $14,000 

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The following tables summarize activity in the allowance for credit losses - loans by portfolio segment:For the Three Months Ended September 30, 2025(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotalBalance at July 1, 2025$12,109 $26,238 $113,804 $121,641 $16,257 $290,049 Allowance for credit losses at acquisition of PCD loans— — — 7,795 — 7,795 Provision (benefit) for