Company: AX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001299709-25-000184
Chunk: 40

Company: Axos Financial, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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 sets forth the expected maturity distribution of our mortgage-backed securities, which is based on assumed prepayment rates, and the maturity distribution of our non-MBS, which is based on the contractual maturity:As of September 30, 2025(Dollars in thousands)Total AmountDue Within One YearDue after One but within Five YearsDue after Five but within Ten YearsDue After Ten YearsMBS:Agency$47,845 $11,999 $29,382 $4,746 $1,718 Non-Agency$9,901 $6,698 $1,470 $1,115 $618 Total MBS$57,746 $18,697 $30,852 $5,861 $2,336 Available-for-sale—Amortized cost$57,746 $18,697 $30,852 $5,861 $2,336 Available-for-sale—Fair value$57,798 $18,655 $30,681 $6,017 $2,445 

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5.    LOANS & ALLOWANCE FOR CREDIT LOSSES

The Company categorizes the loan portfolio into five segments: Single Family - Mortgage & Warehouse, Multifamily and Commercial Mortgage, Commercial Real Estate, Commercial & Industrial - Non Real Estate (“Non-RE”) and Auto & Consumer. For further detail of the segments of the Company’s loan portfolio, see Note 1—“Organizations and Summary of Significant Accounting Policies” in the 2025 Form 10-K. The Company acquired approximately $1.0 billion of loans and leases, including $211.0 million of PCD assets, as part of the Verdant acquisition, which was completed on September 30, 2025. The loans and leases acquired in the Verdant acquisition are included in the commercial & industrial - Non-RE portfolio. For additional information on the Verdant acquisition, see Note 2, “Acquisitions.”The following table sets forth the composition of the loan portfolio:(Dollars in thousands)September 30, 2025June 30, 2025Single Family - Mortgage & Warehouse$4,540,889 $4,395,278 Multifamily and Commercial Mortgage2,793,762 2,940,739 Commercial Real Estate7,295,572 6,937,187 Commercial & Industrial - Non-RE7,980