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Loans Receivable (excluding Covered Loans) | 12 Months Ended
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Sep. 30, 2011
Loans Receivable [Abstract] |
Loans Receivable (excluding Covered Loans) | Loans Receivable (excluding Covered Loans)
September 30, | 2011 |  | 2010
| $ | % |  | $ | %
| (In thousands) |  |  | (In thousands) |
Single-family residential | $ | 6,218,878 |  | 74.9 | % |  | 6,551,837 |  | 74.8 | %
Construction - speculative | 140,459 |  | 1.7 |  |  | 169,712 |  | 1.9 |
Construction - custom | 279,851 |  | 3.4 |  |  | 256,384 |  | 2.9 |
Land - acquisition & development | 200,692 |  | 2.4 |  |  | 307,230 |  | 3.5 |
Land - consumer lot loans | 163,146 |  | 2.0 |  |  | 186,840 |  | 2.1 |
Multi-family | 700,673 |  | 8.4 |  |  | 697,351 |  | 7.9 |
Commercial real estate | 303,442 |  | 3.7 |  |  | 315,915 |  | 3.6 |
Commercial & industrial | 109,332 |  | 1.3 |  |  | 83,070 |  | 0.9 |
HELOC | 115,092 |  | 1.4 |  |  | 116,143 |  | 1.3 |
Consumer | 67,509 |  | 0.8 |  |  | 92,624 |  | 1.1 |
| 8,299,074 |  | 100.0 | % |  | 8,777,106 |  | 100.0 | %
Less: |  |  |  |  |
Allowance for loan losses | 157,160 |  |  |  | 163,094 |  |
Loans in process | 170,229 |  |  |  | 154,171 |  |
Deferred net origination fees | 35,808 |  |  |  | 36,138 |  |
| 363,197 |  |  |  | 353,403 |  |
| $ | 7,935,877 |  |  |  | $ | 8,423,703 |  |
The Company originates fixed and adjustable interest rate loans, which at September 30, 2011 consisted of the following:
Fixed-Rate |  | Adjustable-Rate
Term To Maturity | Book Value |  | Term To Rate Adjustment | Book Value
| (In thousands) |  |  | (In thousands)
Within 1 year | $ | 336,641 |  |  | Less than 1 year | $ | 289,814 |
1 to 3 years | 199,620 |  |  | 1 to 3 years | 197,107 |
3 to 5 years | 168,798 |  |  | 3 to 5 years | 43,515 |
5 to 10 years | 626,142 |  |  | 5 to 10 years | 158,636 |
10 to 20 years | 616,212 |  |  | 10 to 20 years | 26,972 |
Over 20 years | 5,493,260 |  |  | Over 20 years | 142,357 |
| $ | 7,440,673 |  |  |  | $ | 858,401 |
At September 30, 2011 and 2010, approximately $67,542,000 and $79,871,000 of fixed-rate loan origination commitments were outstanding, respectively. Loans serviced for others at September 30, 2011 and 2010 were approximately $102,775,000 and $130,874,000, respectively. Gross loans by geographic concentration were as follows:
September 30, 2011 | Single - family residential | Multi- family | Land - A & D | Land - lot loans | Construction - custom | Construction - speculative | Commercial real estate | Commercial and industrial | Consumer | HELOC | Total
| (In thousands)
Washington | $ | 2,720,997 |  | $ | 220,819 |  | $ | 114,852 |  | $ | 80,332 |  | $ | 168,463 |  | $ | 89,983 |  | $ | 238,446 |  | $ | 101,278 |  | $ | 65,140 |  | $ | 74,049 |  | $ | 3,874,359 |
Oregon | 1,003,289 |  | 299,839 |  | 17,013 |  | 33,152 |  | 45,784 |  | 18,441 |  | 13,744 |  | — |  | — |  | 7,484 |  | 1,438,746 |
Other | 419,202 |  | 7,343 |  | — |  | — |  | — |  | — |  | — |  | 745 |  | — |  | — |  | 427,290 |
Idaho | 465,420 |  | 31,417 |  | 8,457 |  | 16,251 |  | 9,421 |  | 10,886 |  | 882 |  | — |  | — |  | 5,423 |  | 548,157 |
Arizona | 633,860 |  | 59,993 |  | 19,463 |  | 14,090 |  | 18,687 |  | 4,720 |  | — |  | 219 |  | — |  | 6,559 |  | 757,591 |
Utah | 502,585 |  | 59,445 |  | 14,656 |  | 11,576 |  | 26,803 |  | 4,305 |  | 496 |  | 118 |  | — |  | 6,001 |  | 625,985 |
New Mexico | 182,375 |  | 14,284 |  | 22,909 |  | 5,178 |  | 3,135 |  | 9,345 |  | 49,399 |  | 6,972 |  | 2,369 |  | 15,438 |  | 311,404 |
Texas | 151,178 |  | 2,835 |  | 3,342 |  | 998 |  | 6,373 |  | 2,000 |  | 475 |  | — |  | — |  | — |  | 167,201 |
Nevada | 139,972 |  | 4,698 |  | — |  | 1,569 |  | 1,185 |  | 779 |  | — |  | — |  | — |  | 138 |  | 148,341 |
| $ | 6,218,878 |  | $ | 700,673 |  | $ | 200,692 |  | $ | 163,146 |  | $ | 279,851 |  | $ | 140,459 |  | $ | 303,442 |  | $ | 109,332 |  | $ | 67,509 |  | $ | 115,092 |  | $ | 8,299,074 |
PERCENTAGE BY GEOGRAPHIC AREA
September 30, 2011 | Single - family residential | Multi- family | Land - A & D | Land - lot loans | Construction - custom | Construction - speculative | Commercial real estate | Commercial and industrial | Consumer | HELOC | Total
| As % of total gross loans
Washington | 32.6 | % | 2.7 | % | 1.4 | % | 1.0 | % | 2.0 | % | 1.1 | % | 2.9 | % | 1.2 | % | 0.8 | % | 0.9 | % | 46.6 | %
Oregon | 12.1 |  | 3.6 |  | 0.2 |  | 0.4 |  | 0.6 |  | 0.2 |  | 0.2 |  | — |  | — |  | 0.1 |  | 17.4 |
Other | 5.1 |  | 0.1 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 5.2 |
Idaho | 5.6 |  | 0.4 |  | 0.1 |  | 0.2 |  | 0.1 |  | 0.1 |  | — |  | — |  | — |  | 0.1 |  | 6.6 |
Arizona | 7.6 |  | 0.7 |  | 0.2 |  | 0.2 |  | 0.2 |  | 0.1 |  | — |  | — |  | — |  | 0.1 |  | 9.1 |
Utah | 6.1 |  | 0.7 |  | 0.2 |  | 0.1 |  | 0.3 |  | 0.1 |  | — |  | — |  | — |  | 0.1 |  | 7.6 |
New Mexico | 2.2 |  | 0.2 |  | 0.3 |  | 0.1 |  | — |  | 0.1 |  | 0.6 |  | 0.1 |  | — |  | 0.2 |  | 3.8 |
Texas | 1.8 |  | — |  | — |  | — |  | 0.1 |  | — |  | — |  | — |  | — |  | — |  | 1.9 |
Nevada | 1.7 |  | 0.1 |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | — |  | 1.8 |
| 74.8 | % | 8.5 | % | 2.4 | % | 2.0 | % | 3.3 | % | 1.7 | % | 3.7 | % | 1.3 | % | 0.8 | % | 1.5 | % | 100.0 | %
PERCENTAGE BY GEOGRAPHIC AREA AS A % OF EACH LOAN TYPE
September 30, 2011 | Single - family residential | Multi- family | Land - A & D | Land - lot loans | Construction - custom | Construction - speculative | Commercial real estate | Commercial and industrial | Consumer | HELOC
As % of total gross loans
Washington | 43.8 | % | 31.5 | % | 57.2 | % | 49.2 | % | 60.1 | % | 63.9 | % | 78.5 | % | 92.6 | % | 96.5 | % | 64.4 | %
Oregon | 16.1 |  | 42.8 |  | 8.5 |  | 20.3 |  | 16.4 |  | 13.1 |  | 4.5 |  | — |  | — |  | 6.5 |
Other | 6.7 |  | 1.0 |  | — |  | — |  | — |  | — |  | — |  | 0.7 |  | — |  | — |
Idaho | 7.5 |  | 4.5 |  | 4.2 |  | 10.0 |  | 3.4 |  | 7.8 |  | 0.3 |  | — |  | — |  | 4.7 |
Arizona | 10.2 |  | 8.6 |  | 9.7 |  | 8.6 |  | 6.7 |  | 3.4 |  | — |  | 0.2 |  | — |  | 5.7 |
Utah | 8.1 |  | 8.5 |  | 7.3 |  | 7.1 |  | 9.6 |  | 3.1 |  | 0.2 |  | 0.1 |  | — |  | 5.2 |
New Mexico | 2.9 |  | 2.0 |  | 11.4 |  | 3.2 |  | 1.1 |  | 6.7 |  | 16.3 |  | 6.4 |  | 3.5 |  | 13.4 |
Texas | 2.4 |  | 0.4 |  | 1.7 |  | 0.6 |  | 2.3 |  | 1.4 |  | 0.2 |  | — |  | — |  | — |
Nevada | 2.3 |  | 0.7 |  | — |  | 1.0 |  | 0.4 |  | 0.6 |  | — |  | — |  | — |  | 0.1 |
| 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | % | 100.0 | %
The following table provides additional information on impaired loans, loan commitments and loans serviced for others:
| September 30, 2011 |  |  | September 30, 2010 |
| (in thousands)
Recorded investment in impaired loans | $ | 476,822 |  |  | $ | 489,826 |
Impaired loans with allocated reserves | 123,862 |  |  | 202,120 |
Reserves on impaired loans | 41,912 |  |  | 65,002 |
Average balance of impaired loans | 486,665 |  |  | 528,371 |
Interest income from impaired loans | 28,081 |  |  | 31,279 |
Outstanding fixed-rate origination commitments | 67,542 |  |  | 79,871 |
Loans serviced for others | 102,775 |  |  | 130,874 |
The following table sets forth information regarding non-accrual loans held by the Company as of the dates indicated:
| September 30, 2011 |  | September 30, 2010
| (In thousands)
Non-accrual loans: |  |  |  |  |  |  |
Single-family residential | $ | 126,624 |  |  | 60.3 | % |  | $ | 123,624 |  |  | 50.3 | %
Construction - speculative | 15,383 |  |  | 7.3 |  |  | 39,915 |  |  | 16.3 |
Construction - custom | 635 |  |  | 0.3 |  |  | — |  |  | — |
Land - acquisition & development | 37,339 |  |  | 17.7 |  |  | 64,883 |  |  | 26.4 |
Land - consumer lot loans | 8,843 |  |  | 4.2 |  |  | — |  |  | — |
Multi-family | 7,664 |  |  | 3.6 |  |  | 4,931 |  |  | 2.0 |
Commercial real estate | 11,380 |  |  | 5.4 |  |  | 10,831 |  |  | 4.4 |
Commercial & industrial | 1,679 |  |  | 0.8 |  |  | 371 |  |  | 0.2 |
HELOC | 481 |  |  | 0.2 |  |  | — |  |  | — |
Consumer | 437 |  |  | 0.2 |  |  | 977 |  |  | 0.4 |
Total non-accrual loans | $ | 210,465 |  |  | 100 | % |  | $ | 245,532 |  |  | 100 | %
The following table provides an analysis of the age of loans in past due status as of September 30, 2011 :
| Loans |  | Days Delinquent Based on $ Amount of Loans |  | % Delinquent
Type of Loans | net of LIP |  | Current |  | 30 |  | 60 |  | 90 |  | Total |
| (In thousands)
Single-Family Residential | $ | 6,217,670 |  |  | 6,015,464 |  |  | 54,140 |  |  | 21,985 |  |  | 126,082 |  |  | 202,207 |  |  | 3.25 | %
Construction - Speculative | 115,409 |  |  | 106,843 |  |  | 330 |  |  | — |  |  | 8,236 |  |  | 8,566 |  |  | 7.42 | %
Construction - Custom | 147,764 |  |  | 147,129 |  |  | — |  |  | — |  |  | 635 |  |  | 635 |  |  | 0.43 | %
Land - Acquisition & Development | 193,613 |  |  | 159,357 |  |  | 679 |  |  | — |  |  | 33,577 |  |  | 34,256 |  |  | 17.69 | %
Land - Consumer Lot Loans | 163,146 |  |  | 151,849 |  |  | 1,163 |  |  | 1,291 |  |  | 8,843 |  |  | 11,297 |  |  | 6.92 | %
Multi-Family | 699,340 |  |  | 690,765 |  |  | — |  |  | 1,202 |  |  | 7,373 |  |  | 8,575 |  |  | 1.23 | %
Commercial Real Estate | 300,307 |  |  | 292,015 |  |  | 1,016 |  |  | — |  |  | 7,276 |  |  | 8,292 |  |  | 2.76 | %
Commercial & Industrial | 108,995 |  |  | 106,708 |  |  | 55 |  |  | 553 |  |  | 1,679 |  |  | 2,287 |  |  | 2.10 | %
HELOC | 115,092 |  |  | 114,059 |  |  | 452 |  |  | 100 |  |  | 481 |  |  | 1,033 |  |  | 0.90 | %
Consumer | 67,509 |  |  | 65,434 |  |  | 1,191 |  |  | 446 |  |  | 437 |  |  | 2,074 |  |  | 3.07 | %
| $ | 8,128,845 |  |  | 7,849,623 |  |  | 59,026 |  |  | 25,577 |  |  | 194,619 |  |  | 279,222 |  |  | 3.43 | %
Restructured loans are accruing and performing loans where the borrower has proactively approached the Company about modifications due to temporary financial difficulties. Each request is individually evaluated for merit and likelihood of success. As of September 30, 2011 single-family residential loans comprised 82% of restructured loans. The concession for these loans is typically a payment reduction through a rate reduction of from 100 to 200 bps for a specific term, usually six to twelve months. Interest-only payments may also be approved during the modification period. Principal forgiveness is not an available option for restructured loans. The Bank reserves for restructured loans within its allowance for loan loss methodology by taking into account the following performance indicators: 1) time since modification, 2) current payment status and 3) geographic area. The following tables provides information related to loans that were restructured during the fiscal 2011:
|  |  | Pre-Modification |  | Post-Modification
| Number of |  | Outstanding Recorded |  | Outstanding Recorded
| Contracts |  | Investment |  | Investment
|  |  | (In thousands)
Troubled Debt Restructurings: |  |  |  |  |
Single-family residential | 681 |  |  | $ | 177,216 |  |  | $ | 177,216 |
Construction - speculative | 12 |  |  | 2,499 |  |  | 2,499 |
Construction - custom | — |  |  | — |  |  | — |
Land - acquisition & development | 3 |  |  | 3,909 |  |  | 3,909 |
Land - consumer lot loans | 62 |  |  | 8,745 |  |  | 8,745 |
Multi-family | 9 |  |  | 10,360 |  |  | 10,360 |
Commercial real estate | — |  |  | — |  |  | — |
Commercial & industrial | — |  |  | — |  |  | — |
HELOC | 1 |  |  | 99 |  |  | 99 |
Consumer | — |  |  | — |  |  | — |
| 768 |  |  | $ | 202,828 |  |  | $ | 202,828 |
| Number of |  | Recorded
| Contracts |  | Investment
|  |  | (In thousands)
Troubled Debt Restructurings That Subsequently Defaulted: |  |  |
Single-family residential | 103 |  |  | $ | 27,878 |
Construction - speculative | — |  |  | — |
Construction - custom | — |  |  | — |
Land - acquisition & development | 5 |  |  | 779 |
Land - consumer lot loans | — |  |  | — |
Multi-family | 1 |  |  | 983 |
Commercial real estate | — |  |  | — |
Commercial & industrial | — |  |  | — |
HELOC | — |  |  | — |
Consumer | — |  |  | — |
| 109 |  | $ | 29,640 |

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- Definition The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5066-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 01-6 -Paragraph 13 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5162-111524 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 4 -Section 08 -Paragraph k Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5074-111524 + Details
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