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Covered Assets (Tables) | 12 Months Ended
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Sep. 30, 2011
Covered Assets [Abstract] |
Summary of carrying value of acquired impaired and non-impaired loans | The following table reflects the carrying value of all acquired impaired and non-impaired loans as of September 30, 2011 and 2010:
| September 30, 2011 |  | September 30, 2010
| Acquired Impaired Loans | Acquired Non-impaired Loans | Total |  | Acquired Impaired Loans | Acquired Non-impaired Loans | Total
| (In thousands)
Single-family residential | $ | 9,235 |  | $ | 46,214 |  | $ | 55,449 |  |  | $ | 7,872 |  | $ | 58,863 |  | $ | 66,735 |
Construction – speculative | 8,006 |  | 1,315 |  | 9,321 |  |  | 24,353 |  | 5,277 |  | 29,630 |
Construction – custom | 2,799 |  | — |  | 2,799 |  |  | 6,533 |  | 394 |  | 6,927 |
Land – acquisition & development | 32,159 |  | 15,058 |  | 47,217 |  |  | 78,308 |  | 24,674 |  | 102,982 |
Land – consumer lot loans | 499 |  | 654 |  | 1,153 |  |  | 499 |  | 1,314 |  | 1,813 |
Multi-family | 9,333 |  | 34,906 |  | 44,239 |  |  | 12,342 |  | 41,916 |  | 54,258 |
Commercial real estate | 101,599 |  | 148,464 |  | 250,063 |  |  | 127,844 |  | 181,143 |  | 308,987 |
Commercial & industrial | 35,993 |  | 22,881 |  | 58,874 |  |  | 45,214 |  | 38,340 |  | 83,554 |
HELOC | 1,829 |  | 21,730 |  | 23,559 |  |  | 1,911 |  | 24,676 |  | 26,587 |
Consumer | 1,485 |  | 1,199 |  | 2,684 |  |  | 1,956 |  | 1,955 | 3,911 |
Total covered loans | $ | 202,937 |  | $ | 292,421 |  | $ | 495,358 |  |  | $ | 306,832 |  | $ | 378,552 |  | $ | 685,384 |
Allowance for losses | (3,766 | ) | — |  | (3,766 | ) |  | — |  | — |  | — |
| $ | 199,171 |  | $ | 292,421 |  | $ | 491,592 |  |  | $ | 306,832 |  | $ | 378,552 |  | $ | 685,384 |
Discount |  |  | (109,409 | ) |  |  |  | (150,910 | )
Covered loans, net |  |  | $ | 382,183 |  |  |  |  | $ | 534,474 |
Schedule of changes in carrying amount and accretable yield for acquired impaired and non-impaired loans | Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans were as follows for the fiscal years ended September 30, 2011 and 2010:
| September 30, 2011 |  | September 30, 2010
| Acquired Impaired |  | Acquired Non-impaired |  | Acquired Impaired |  | Acquired Non-impaired
| Accretable Yield |  | Carrying Amount of Loans |  | Accretable Yield |  | Carrying Amount of Loans |  | Accretable Yield |  | Carrying Amount of Loans |  | Accretable Yield |  | Carrying Amount of Loans
| (In thousands) |  | (In thousands)
Balance at beginning of period | $ | 27,019 |  |  | $ | 190,530 |  |  | $ | 39,813 |  |  | $ | 343,944 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Additions | — |  |  | — |  |  | — |  |  | — |  |  | 36,731 |  |  | 246,383 |  |  | 50,000 |  |  | 425,000 |
Reclassification from nonaccretable balance, net | 24,025 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Accretion | (13,972 | ) |  | 13,972 |  |  | (9,443 | ) |  | 9,443 |  |  | (9,712 | ) |  | 9,712 |  |  | (10,187 | ) |  | 10,187 |
Transfers to REO | — |  |  | (54,638 | ) |  | — |  |  | — |  |  | — |  |  | (34,536 | ) |  | — |  |  | — |
Payments received, net | — |  |  | (33,803 | ) |  | — |  |  | (83,499 | ) |  | — |  |  | (31,029 | ) |  | — |  |  | (91,243 | )
Balance at end of period | $ | 37,072 |  |  | $ | 116,061 |  |  | $ | 30,370 |  |  | $ | 269,888 |  |  | $ | 27,019 |  |  | $ | 190,530 |  |  | $ | 39,813 |  |  | $ | 343,944 |
Schedule of activity for FDIC indemnification asset |
| September 30, 2011 |  | September 30, 2010
| (In thousands)
Balance at beginning of period | $ | 131,128 |  |  | $ | — |
Additions | 7,707 |  |  | 227,500 |
Payments received | (32,828 | ) |  | (92,551 | )
Amortization | (10,239 | ) |  | (8,150 | )
Accretion | 3,103 |  |  | 4,329 |
Balance at end of period | $ | 98,871 |  |  | $ | 131,128 |
Summary of loans based on credit quality indicators | The following tables provide information on loans based on credit quality indicators (defined in Note A) as of September 30, 2011 and 2010: Credit Risk Profile by Internally Assigned Grade:
September 30, 2011 | Internally Assigned Grade |  | Total
| Pass |  | Special mention |  | Substandard |  | Doubtful |  | Loss |  | Gross Loans
| (In thousands)
Single-family residential | $ | 6,047,279 |  |  | $ | — |  |  | $ | 171,599 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,218,878 |
Construction - speculative | 56,485 |  |  | 21,035 |  |  | 62,939 |  |  | — |  |  | — |  |  | 140,459 |
Construction - custom | 279,851 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 279,851 |
Land - acquisition & development | 44,888 |  |  | 44,840 |  |  | 110,964 |  |  | — |  |  | — |  |  | 200,692 |
Land - consumer lot loans | 162,670 |  |  | — |  |  | 476 |  |  | — |  |  | — |  |  | 163,146 |
Multi-family | 663,582 |  |  | 4,629 |  |  | 32,462 |  |  | — |  |  | — |  |  | 700,673 |
Commercial real estate | 264,083 |  |  | 4,125 |  |  | 35,234 |  |  | — |  |  | — |  |  | 303,442 |
Commercial & industrial | 104,171 |  |  | 1,128 |  |  | 1,407 |  |  | 2,245 |  |  | 381 |  |  | 109,332 |
HELOC | 115,092 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 115,092 |
Consumer | 66,512 |  |  | 528 |  |  | 469 |  |  | — |  |  | — |  |  | 67,509 |
| $ | 7,804,613 |  |  | $ | 76,285 |  |  | $ | 415,550 |  |  | $ | 2,245 |  |  | $ | 381 |  |  | $ | 8,299,074 |
Total grade as a % of total gross loans | 94.1 | % |  | 0.9 | % |  | 5.0 | % |  | — | % |  | — | % |  |
September 30, 2010 | Internally Assigned Grade |  | Total
| Pass |  | Special mention |  | Substandard |  | Doubtful |  | Loss |  | Gross Loans
| (In thousands)
Single-family residential | $ | 6,395,018 |  |  | $ | 1,041 |  |  | $ | 155,778 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,551,837 |
Construction - speculative | 68,984 |  |  | 7,689 |  |  | 93,039 |  |  | — |  |  | — |  |  | 169,712 |
Construction - custom | 256,384 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 256,384 |
Land - acquisition & development | 110,088 |  |  | 9,868 |  |  | 187,274 |  |  | — |  |  | — |  |  | 307,230 |
Land - consumer lot loans | 186,840 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 186,840 |
Multi-family | 661,820 |  |  | 2,046 |  |  | 33,485 |  |  | — |  |  | — |  |  | 697,351 |
Commercial real estate | 273,001 |  |  | 3,768 |  |  | 39,048 |  |  | — |  |  | 98 |  |  | 315,915 |
Commercial & industrial | 62,699 |  |  | 10,436 |  |  | 9,758 |  |  | — |  |  | 177 |  |  | 83,070 |
HELOC | 116,143 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 116,143 |
Consumer | 90,497 |  |  | 1,150 |  |  | 977 |  |  | — |  |  | — |  |  | 92,624 |
| $ | 8,221,474 |  |  | $ | 35,998 |  |  | $ | 519,359 |  |  | $ | — |  |  | $ | 275 |  |  | $ | 8,777,106 |
Total grade as a % of total gross loans | 93.7 | % |  | 0.4 | % |  | 5.9 | % |  | — | % |  | — | % |  |
| Internally Assigned Grade |  | Total Net Loans
| Pass |  | Special mention |  | Substandard |  | Doubtful |  | Loss |
| (In thousands)
Purchased non-credit impaired loans: |  |  |  |  |  |  |  |  |  |  |
Single-family residential | $ | 45,619 |  |  | $ | — |  |  | $ | 595 |  |  | $ | — |  |  | $ | — |  |  | $ | 46,214 |
Construction - speculative | 1,315 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,315 |
Construction - custom | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 8,383 |  |  | 6,315 |  |  | 360 |  |  | — |  |  | — |  |  | 15,058 |
Land - consumer lot loans | 543 |  |  | — |  |  | 111 |  |  | — |  |  | — |  |  | 654 |
Multi-family | 32,448 |  |  | — |  |  | 2,458 |  |  | — |  |  | — |  |  | 34,906 |
Commercial real estate | 118,124 |  |  | 1,361 |  |  | 28,979 |  |  | — |  |  | — |  |  | 148,464 |
Commercial & industrial | 13,717 |  |  | 4,481 |  |  | 4,239 |  |  | 444 |  |  | — |  |  | 22,881 |
HELOC | 21,730 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 21,730 |
Consumer | 1,199 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,199 |
| 243,078 |  |  | 12,157 |  |  | 36,742 |  |  | 444 |  |  | — |  |  | 292,421 |
Total grade as a % of total net loans | 83.1 | % |  | 4.2 | % |  | 12.6 | % |  | 0.2 | % |  | — | % |  |
Purchased credit impaired loans: |  |  |  |  |  |  |  |
Pool 1 - Construction and land A&D | 9,982 |  |  | 2,980 |  |  | 54,682 |  |  | — |  |  | — |  |  | 67,644 |
Pool 2 - Single-family residential | 3,667 |  |  | — |  |  | 8,263 |  |  | — |  |  | — |  |  | 11,930 |
Pool 3 - Multi-family | — |  |  | — |  |  | 3,324 |  |  | — |  |  | — |  |  | 3,324 |
Pool 4 - HELOC & other consumer | 3,544 |  |  | — |  |  | 5,411 |  |  | — |  |  | — |  |  | 8,955 |
Pool 5 - Commercial real estate | 418 |  |  | 30,579 |  |  | 48,069 |  |  | — |  |  | — |  |  | 79,066 |
Pool 6 - Commercial & industrial | 2,859 |  |  | 2,725 |  |  | 25,662 |  |  | 772 |  |  | — |  |  | 32,018 |
| $ | 20,470 |  |  | $ | 36,284 |  |  | $ | 145,411 |  |  | $ | 772 |  |  | $ | — |  |  | 202,937 |
|  |  |  |  |  |  |  |  | Total covered loans |  | 495,358 |
|  |  |  |  |  |  |  |  | Discount |  | (109,409 | )
|  |  |  |  |  |  |  |  | Allowance |  | $ | (3,766 | )
|  |  |  |  |  |  |  |  | Covered loans, net |  | $ | 382,183 |
Analysis of age of purchased non-credit impaired loans in past due status | The following table provides an analysis of the age of purchased non-credit impaired loans in past due status for the period ended September 30, 2011.
| Amount of Loans Net of LIP & Chg.-Offs |  | Days Delinquent Based on $ Amount of Loans |  | % based on $
Type of Loans | Current |  | 30 |  | 60 |  | 90 |  | Total |
| (In thousands) |  |
Single-family residential | $ | 46,214 |  |  | $ | 43,445 |  |  | $ | 1,034 |  |  | $ | 30 |  |  | $ | 1,705 |  |  | $ | 2,769 |  |  | 5.99 | %
Construction - speculative | 1,315 |  |  | 1,315 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | NM |
Construction - custom | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | NM |
Land - acquisition & development | 15,058 |  |  | 13,344 |  |  | 487 |  |  | — |  |  | 1,227 |  |  | 1,714 |  |  | 11.38 | %
Land - consumer lot loans | 654 |  |  | 527 |  |  | 16 |  |  | — |  |  | 111 |  |  | 127 |  |  | 19.42 | %
Multi-family | 34,906 |  |  | 33,398 |  |  | — |  |  | — |  |  | 1,508 |  |  | 1,508 |  |  | 4.32 | %
Commercial real estate | 148,464 |  |  | 142,060 |  |  | 1,527 |  |  | — |  |  | 4,877 |  |  | 6,404 |  |  | 4.31 | %
Commercial & industrial | 22,881 |  |  | 18,049 |  |  | 3,606 |  |  | 703 |  |  | 523 |  |  | 4,832 |  |  | 21.12 | %
HELOC | 21,730 |  |  | 20,339 |  |  | 731 |  |  | 391 |  |  | 269 |  |  | 1,391 |  |  | 6.40 | %
Consumer | 1,199 |  |  | 1,123 |  |  | 31 |  |  | 8 |  |  | 37 |  |  | 76 |  |  | 6.34 | %
| $ | 292,421 |  |  | $ | 273,600 |  |  | $ | 7,432 |  |  | $ | 1,132 |  |  | $ | 10,257 |  |  | $ | 18,821 |  |  | 6.44 | %

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6965416&loc=SL6953659-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=6951925&loc=SL6953803-111525 + Details
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- Definition Analysis of Aging of Non-Credit Impaired Loans [Table Text Block] + Details
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- Definition Covered Assets [Abstract] + Details
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- Definition Schedule of Acquired Covered Loans by Stauts of Loan [Table Text Block] + Details
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- Definition Schedule of Changes in Carrying Amount and Accretable Yield of Assets [Table Text Block] + Details
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