v3.25.4

Fair Value (Tables)

3 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Fair Value Of Assets And Liabilities Measured On Recurring Basis

Assets and liabilities carried at fair value on a recurring basis in the CONSOLIDATED STATEMENTS OF CONDITION at December 31, 2025 and September 30, 2025, are summarized below.

									Recurring Fair Value Measurements at Reporting Date Using
			December 31, 2025						Quoted Prices in Active Markets for Identical Assets						Significant Other Observable Inputs						Significant Unobservable Inputs
									(Level 1)						(Level 2)						(Level 3)
Assets
Investment securities available for sale:
REMICs			$	439,251					$	—					$	439,251					$	—
Fannie Mae certificates			2,689						—						2,689						—
Freddie Mac securities			8,604						—						8,604						—
U.S. government and agency obligations			3,949						—						3,949						—
Mortgage loans held for sale			11,365						—						11,365						—
Derivatives:
Interest rate lock commitments			—						—						—						—
Total			$	465,858					$	—					$	465,858					$	—
Liabilities
Derivatives:
Forward commitments for the sale of mortgage loans			$	63					$	—					$	63					$	—
Total			$	63					$	—					$	63					$	—

									Recurring Fair Value Measurements at Reporting Date Using
			September 30, 2025						Quoted Prices in Active Markets for Identical Assets						Significant Other Observable Inputs						Significant Unobservable Inputs
									(Level 1)						(Level 2)						(Level 3)
Assets
Investment securities available for sale:
REMICs			$	455,368					$	—					$	455,368					$	—
Fannie Mae certificates			2,719						—						2,719						—
Freddie Mac certificates			8,617						—						8,617						—
U.S. government and agency obligations			53,955						—						53,955						—
Mortgage loans held for sale			22,861						—						22,861						—
Derivatives:
Interest rate lock commitments			272						—						—						272
Total			$	543,792					$	—					$	543,520					$	272
Liabilities
Derivatives:
Forward commitments for the sale of mortgage loans			$	351					$	—					$	351					$	—
Total			$	351					$	—					$	351					$	—

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The table below presents a reconciliation of the beginning and ending balances and the location within the CONSOLIDATED STATEMENTS OF INCOME where gains (losses) due to changes in fair value are recognized on interest rate lock commitments which are measured at fair value on a recurring basis using significant unobservable inputs (Level 3).

									Three Months Ended December 31,
															2025						2024
Beginning balance															$	272					$	395
Gain during the period due to changes in fair value:
Included in other non-interest income															(272)						(369)
Ending balance															$	—					$	26
Change in unrealized gains for the period included in earnings for assets held at end of the reporting date															$	—					$	26

Assets Measured At Fair Value On A Nonrecurring Basis

Summarized in the tables below are those assets measured at fair value on a nonrecurring basis.

									Nonrecurring Fair Value Measurements at Reporting Date Using
			December 31, 2025						Quoted Prices in Active Markets for Identical Assets						Significant Other Observable Inputs						Significant Unobservable Inputs
									(Level 1)						(Level 2)						(Level 3)
Collateral-dependent loans, net of allowance			$	44,582					$	—					$	—					$	44,582
Real estate owned(1)			2,413						—						—						2,413
Total			$	46,995					$	—					$	—					$	46,995

									Nonrecurring Fair Value Measurements at Reporting Date Using
			September 30, 2025						Quoted Prices in Active Markets for Identical Assets						Significant Other Observable Inputs						Significant Unobservable Inputs
									(Level 1)						(Level 2)						(Level 3)
Collateral-dependent loans, net of allowance			$	45,275					$	—					$	—					$	45,275
Real estate owned(1)			2,355						—						—						2,355
Total			$	47,630					$	—					$	—					$	47,630

(1)Amounts represent fair value measurements of properties before deducting estimated costs to dispose.

Fair Value Inputs, Assets, Quantitative Information

The following provides quantitative information about significant unobservable inputs categorized within Level 3 of the Fair Value Hierarchy.

Fair Value

December 31, 2025

Valuation Technique(s)

Unobservable Input

Range

Weighted Average

Collateral-dependent loans, net of allowance

$44,582

Market comparables of collateral discounted to estimated net proceeds

Discount appraised value to estimated net proceeds based on historical experience:

• Residential Properties

0

-

28%

3.5%

						Fair Value
						September 30, 2025						Valuation Technique(s)						Unobservable Input						Range												Weighted Average
Collateral-dependent loans, net of allowance						$45,275						Market comparables of collateral discounted to estimated net proceeds						Discount appraised value to estimated net proceeds based on historical experience:
																		• Residential Properties						0			-			28%						3.2%
Interest rate lock commitments						$272						Quoted Secondary Market pricing						Closure rate						0			-			100%						98.7%

Estimated Fair Value Of Financial Instruments

The following tables present the estimated fair value of the Company’s financial instruments and their carrying amounts as reported in the CONSOLIDATED STATEMENTS OF CONDITION.

			December 31, 2025
			Carrying						Fair						Level 1						Level 2						Level 3
			Amount						Value
Assets:
Cash and due from banks			$	26,722					$	26,722					$	26,722					$	—					$	—
Interest-earning cash equivalents			429,987						429,987						429,987						—						—
Investment securities available for sale			454,493						454,493						—						454,493						—
Mortgage loans held for sale			14,440						14,488						—						14,488						—
Loans, net:
Mortgage loans held for investment			15,733,173						14,678,418						—						—						14,678,418
Other loans			8,515						8,515						—						—						8,515
Federal Home Loan Bank stock			234,027						234,027						N/A						—						—
Accrued interest receivable			60,295						60,295						—						60,295						—
Cash collateral received from or held by counterparty			58,809						58,809						58,809						—						—
Derivatives			—						—						—						—						—
Liabilities:
Checking and savings accounts			$	2,374,992					$	2,374,992					$	—					$	2,374,992					$	—
Certificates of deposit			7,997,083						8,014,295						—						8,014,295						—
Borrowed funds			4,939,835						4,968,266						—						4,968,266						—
Borrowers’ advances for insurance and taxes			133,606						133,606						—						133,606						—
Principal, interest and escrow owed on loans serviced			42,256						42,256						—						42,256						—
Derivatives			63						63						—						63						—

			September 30, 2025
			Carrying						Fair						Level 1						Level 2						Level 3
			Amount						Value
Assets:
Cash and due from banks			$	24,176					$	24,176					$	24,176					$	—					$	—
Interest-earning cash equivalents			405,263						405,263						405,263						—						—
Investment securities available for sale			520,659						520,659						—						520,659						—
Mortgage loans held for sale			57,662						58,325						—						58,325						—
Loans, net:
Mortgage loans held for investment			15,655,159						14,564,394						—						—						14,564,394
Other loans			8,153						8,153						—						—						8,153
Federal Home Loan Bank stock			235,363						235,363						N/A						—						—
Accrued interest receivable			62,553						62,553						—						62,553						—
Cash collateral received from or held by counterparty			6,910						6,910						6,910						—						—
Derivatives			272						272						—						—						272
Liabilities:
Checking and savings accounts			$	1,957,745					$	1,957,745					$	—					$	1,957,745					$	—
Certificates of deposit			8,489,223						8,511,443						—						8,511,443						—
Borrowed funds			4,870,219						4,892,273						—						4,892,273						—
Borrowers’ advances for insurance and taxes			113,168						113,168						—						113,168						—
Principal, interest and escrow owed on loans serviced			30,328						30,328						—						30,328						—
Derivatives			351						351						—						351						—

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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