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Income Taxes | 12 Months Ended
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Sep. 30, 2011
Income Taxes [Abstract] |
Income Taxes | INCOME TAXES The Consolidated Statements of Financial Condition at September 30, 2011 and 2010 include net deferred tax liabilities of $17,075,000 and $21,951,000, respectively, that have been provided for the temporary differences between the tax basis and the financial statement carrying amounts of liabilities and assets. The major sources of these temporary differences and their deferred tax effects were as follows:
September 30, | 2011 | 2010
| (In thousands)
Deferred tax assets |  |
Loan loss reserves | $ | 56,930 |  | $ | 59,936 |
REO reserves | 41,268 |  | 32,986 |
Asset Purchase Tax Basis Difference (net) | 27,068 |  | 22,738 |
Delinquent accrued interest | 7,380 |  | 4,060 |
Other, net | 1,236 |  | 1,361 |
Total deferred tax assets | 133,882 |  | 121,081 |
Deferred tax liabilities |  |
FDIC Loss Guarantee Receivable (net) | 24,973 |  | 40,444 |
Federal Home Loan Bank stock dividends | 36,161 |  | 36,158 |
Valuation adjustment on available-for-sale securities | 49,845 |  | 28,866 |
Loan origination costs | 13,098 |  | 13,183 |
Depreciation | 24,751 |  | 21,578 |
Deferred gain on forward commitments | 890 |  | 1,225 |
Core deposit intangible | 1,239 |  | 1,578 |
Total deferred tax liabilities | 150,957 |  | 143,032 |
Net deferred tax asset (liability) | (17,075 | ) | (21,951 | )
Current tax asset (liability) | 15,540 |  | 30,044 |
Net tax asset (liability) | $ | (1,535 | ) | $ | 8,093 |
A reconciliation of the statutory federal income tax rate to the effective income tax rate follows:
Year ended September 30, | 2011 | 2010 | 2009
Statutory income tax rate | 35 | % | 35 | % | 35 | %
IRS tax settlement | — |  | (32 | ) | — |
State income tax | 2 |  | 2 |  | 2 |
Other differences | (1 | ) | (1 | ) | (1 | )
Effective income tax rate | 36 | % | 4 | % | 36 | %
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| 2011 | 2010
Balance at October 1, | $ | 3,893 |  | $ | 44,781 |
Tax positions related to current year: |  |
Additions | — |  | 271 |
Reductions | — |  | — |
Tax positions related to prior years: |  |
Additions | 520 |  | 3,064 |
Reductions | — |  | — |
Settlements with taxing authorities | — |  | (43,315 | )
Lapses in statues of limitations | (222 | ) | (908 | )
Balance at September 30, | $ | 4,191 |  | $ | 3,893 |
As of September 30, 2011 and 2010, the Company's liability for uncertain tax positions was $3.0 million and $2.9 million, respectively. Included in the balance of unrecognized tax benefits at September 30, 2011, are $1.2 million of tax benefits that, if recognized, would affect the effective tax rate. The Company records interest and penalties related to uncertain tax positions in income tax expense. As of September 30, 2011 and 2010, there were approximately $1.6 million and $1.2 million, respectively, of accrued interest and $0.3 million and $0.3 million, respectively, of accrued penalties. Based on current information the Company does not expect that changes in the amount of unrecognized tax benefits over the next twelve months will have a significant impact on the results of operations or the financial position of the Company. The Company's federal income tax returns are open for the tax years 2007 through 2011. State income tax returns are generally subject to examination for a period of three to five years after filing of the respective return. The state impact of any federal changes remains subject to examination by various states for a period of up to two years after formal notification to the states. The Company has various state income tax returns in the process of examination, administrative appeals or litigation. The Company's unrecognized tax benefits are related to state returns open from 1999 through 2010. The Company has been examined by the Internal Revenue Service through the year ended September 30, 1990. There were no material changes made to the Company's originally reported taxable income as a result of this examination.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 -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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 -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 SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 8: 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.(h)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 + Details
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