Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 45

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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34,135 71,154 2,352 185,060 Total$4,194,821 $3,340,618 $6,356,559 $6,389,964 $447,294 $20,729,256 Nonaccrual loans to total loans0.89 %June 30, 2024(Dollars in thousands)Single Family-Mortgage & WarehouseMultifamily and Commercial MortgageCommercial Real EstateCommercial & Industrial - Non-REAuto & ConsumerTotalPerforming$4,133,121 $3,826,877 $6,062,520 $5,237,746 $429,188 $19,689,452 Nonaccrual45,711 35,054 26,102 4,020 2,472 113,359 Total$4,178,832 $3,861,931 $6,088,622 $5,241,766 $431,660 $19,802,811 Nonaccrual loans to total loans0.57 %There were no nonaccrual loans without an allowance for credit losses as of March 31, 2025 and June 30, 2024. There was no interest income recognized on nonaccrual loans in the three and nine months ended March 31, 2025 and 2024. Loans reaching 90 days past due are generally placed on nonaccrual status and risk rated as substandard or doubtful. Loans not yet reaching 90 days past due may be placed on nonaccrual status based on management’s assessment of the aging of contractual principal amounts due, among other factors.Credit Quality Indicators. The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends. In addition to the borrower’s primary source of repayment, in its risk rating process the Company considers all available sources of repayment, including obligor guaranties and liquidations of pledged collateral, where individually or together such sources would fully repay the loan on a timely basis. The Company analyzes loans individually by classifying the loans based on credit risk. The Company uses the following internally-defined risk ratings:Pass. Loans where repayment in full is expected through any of the borrower’s sources of repayment.Special Mention. Loans where any credit risk is not