Change in Allowance for Credit Losses (ACL) & Unfunded Loan Commitments Liability (UCL)
($ in millions)
155
150
145
140
135
130
125
120
1.0
0.6
0.3
4.0
8.7
7.7
140.5
136.8
September 30, 2021
Gross
Gross
Provisions for
December 31, 2021
ACL + UCL
Charge-offs
Recoveries
credit losses
ACL + UCL
ACL
UCL
2
Allowance for Credit Losses (ACL) by Loan
Category as of December 31, 2021
$ Millions
Loan Balance
ACL $ ACL %
Single Family - Mortgage
and Warehouse
Multifamily & Commercial
Mortgage
Commercial Real Estate
Loans
Commercial & Industrial
Non-RE
Auto & Consumer
Other
$4,281.6 $25.6 0.60%
2,483.9 13.6 0.55%
3,857.4 67.6 1.75%
1,631.8 22.7 1.39%
478.6
10.9
2.28%
22.3
0.1
0.27%
$12,755.6
$140.5
1.10%
3
Credit Quality
No Loans in Forbearance
Loans in Forbearance or
9/30/2021
Loans O/S
Deferral
%
NPAs
%
Single Family-Mortgage & Warehouse
$4,341.2
$0.0
0.00%
$111.3
2.56%
Multifamily and Commercial Mortgage
$2,458.2
$0.0
0.00%
$6.9
0.28%
Commercial Real Estate
$3,492.9
$0.0
0.00%
$15.5
0.44%
Commercial & Industrial - Non-RE
$1,239.4
$0.0
0.00%
$0.0
0.00%
Auto & Consumer
$446.6
$0.0
0.00%
$0.4
0.09%
Other
$42.7
$0.0
0.00%
$0.0
0.00%
Total
$12,021.0
$0.0
0.00%
$134.1
1.12%
Loans in Forbearance or
12/31/2021
Loans O/S
Deferral
%
NPAs
%
Single Family-Mortgage & Warehouse
$4,281.6
$0.0
0.00%
$122.3
2.86%
Multifamily and Commercial Mortgage
$2,483.9
$0.0
0.00%
$7.7
0.31%
Commercial Real Estate
$3,857.4
$0.0
0.00%
$15.2
0.40%
Commercial & Industrial - Non-RE
$1,631.8
$0.0
0.00%
$0.0
0.00%
Auto & Consumer
$478.6
$0.0
0.00%
$0.6
0.13%
Other
$22.3
$0.0
0.00%
$0.1
0.25%
Total
$12,755.6
$0.0
0.00%
$145.9
1.14%
Loans in Forbearance or
Change at 12/31/21 from 9/30/21
Loans O/S
Deferral
NPAs
Single Family-Mortgage & Warehouse
-$59.6
$0.0
$11.0
Multifamily and Commercial Mortgage
$25.7
$0.0
$0.8
Commercial Real Estate
$364.5
$0.0
-$0.3
Commercial & Industrial - Non-RE
$392.4
$0.0
$0.0
Auto & Consumer
$32.0
$0.0
$0.2
Other
-$20.4
$0.0
$0.1
Total
734.6
$0.0
$11.8
4
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Axos Financial Inc. published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 21:19:59 UTC.
Axos Financial Inc. is a financial holding company that operates through its subsidiary, Axos Bank (the Bank). The Bank provides consumer and commercial banking products through its digital online and mobile banking platforms, distribution channels and affinity partners. The Companyâs segments include Banking Business and Securities Business. Banking Business segment has a range of banking services, including online banking, concierge banking, and mortgage, vehicle, and unsecured lending through online and telephonic distribution channels. In addition, it focuses on providing deposit products nationwide to industry verticals, cash management products to a variety of businesses, and commercial & industrial and commercial real estate lending to clients. Securities Business segment includes the clearing broker-dealer, registered investment advisor custody business, registered investment advisor, and introducing broker-dealer lines of businesses.
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