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v2.3.0.11

Note E - Allowance for Losses on Loans (Tables) | 9 Months Ended
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Jun. 30, 2011
Allowance for Losses on Loans [Abstract] |
Summary of activity in allowance for loan losses |
| Beginning Allowance |  | Charge-offs |  | Recoveries |  | Provision & Transfers |  | Ending Allowance
| (In thousands)
Single-family residential | $ | 66,883 |  |  | $ | (8,985 | ) |  | $ | 969 |  |  | $ | 15,694 |  |  | $ | 74,561 |
Construction - speculative | 21,536 |  |  | (733 | ) |  | 564 |  |  | 1,108 |  |  | 22,475 |
Construction - custom | 548 |  |  | (80 | ) |  | — |  |  | 122 |  |  | 590 |
Land - acquisition & development | 44,648 |  |  | (12,027 | ) |  | 158 |  |  | 2,576 |  |  | 35,355 |
Land - consumer lot loans | 5,675 |  |  | (1,169 | ) |  | — |  |  | 1,307 |  |  | 5,813 |
Multi-family | 8,007 |  |  | (1,100 | ) |  | — |  |  | 22 |  |  | 6,929 |
Commercial real estate | 3,499 |  |  | (75 | ) |  | 53 |  |  | 874 |  |  | 4,351 |
Commercial & industrial | 6,406 |  |  | (189 | ) |  | 70 |  |  | (1,224 | ) |  | 5,063 |
HELOC | 1,148 |  |  | (496 | ) |  | 110 |  |  | 386 |  |  | 1,148 |
Consumer | 5,267 |  |  | (983 | ) |  | 395 |  |  | 135 |  |  | 4,814 |
| $ | 163,617 |  |  | $ | (25,837 | ) |  | $ | 2,319 |  |  | $ | 21,000 |  |  | $ | 161,099 |
Summary of loans collectively and individually evaluated for impairment and related allocation of reserves |
| Loans Collectively Evaluated for Impairment |  | Loans Individually Evaluated for Impairment
| General Reserve Allocation |  | Gross Loans Subject to General Reserve (1) |  | Ratio |  | Specific Reserve Allocation |  | Gross Loans Subject to Specific Reserve (1) |  | Ratio
| (In thousands) |  |  |  | (In thousands)
Single-family residential | $ | 70,755 |  |  | $ | 6,265,274 |  |  | 1.1 | % |  | $ | 3,806 |  |  | $ | 15,798 |  |  | 24.1 | %
Construction - speculative | 15,069 |  |  | 98,464 |  |  | 15.3 |  |  | 7,406 |  |  | 45,500 |  |  | 16.3 |
Construction - custom | 590 |  |  | 270,894 |  |  | 0.2 |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 6,196 |  |  | 53,351 |  |  | 11.6 |  |  | 29,159 |  |  | 177,550 |  |  | 16.4 |
Land - consumer lot loans | 4,579 |  |  | 167,418 |  |  | 2.7 |  |  | 1,234 |  |  | 2,296 |  |  | 53.7 |
Multi-family | 3,474 |  |  | 695,986 |  |  | 0.5 |  |  | 3,455 |  |  | 21,121 |  |  | 16.4 |
Commercial real estate | 2,690 |  |  | 268,519 |  |  | 1.0 |  |  | 1,661 |  |  | 34,504 |  |  | 4.8 |
Commercial & industrial | 4,844 |  |  | 77,884 |  |  | 6.2 |  |  | 219 |  |  | 4,207 |  |  | 5.2 |
HELOC | 1,148 |  |  | 114,676 |  |  | 1.0 |  |  | — |  |  | — |  |  | — |
Consumer | 4,814 |  |  | 73,061 |  |  | 6.6 |  |  | — |  |  | — |  |  | — |
| $ | 114,159 |  |  | $ | 8,085,527 |  |  | 1.4 |  |  | $ | 46,940 |  |  | $ | 300,976 |  |  | 15.6 |
___________________
(1) | Excludes covered loan
Summary of loans based on credit quality indicators |
| Internally Assigned Grade |  | Total
| Pass |  | Special mention |  | Substandard |  | Doubtful |  | Loss |  | Gross Loans
| (In thousands)
Single-family residential | $ | 6,149,861 |  |  | $ | — |  |  | $ | 131,211 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,281,072 |
Construction - speculative | 31,871 |  |  | 5,484 |  |  | 106,609 |  |  | — |  |  | — |  |  | 143,964 |
Construction - custom | 270,894 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 270,894 |
Land - acquisition & development | 42,791 |  |  | 2,470 |  |  | 185,640 |  |  | — |  |  | — |  |  | 230,901 |
Land - consumer lot loans | 169,590 |  |  | — |  |  | 124 |  |  | — |  |  | — |  |  | 169,714 |
Multi-family | 680,729 |  |  | 3,756 |  |  | 32,622 |  |  | — |  |  | — |  |  | 717,107 |
Commercial real estate | 263,993 |  |  | 4,345 |  |  | 34,685 |  |  | — |  |  | — |  |  | 303,023 |
Commercial & industrial | 75,834 |  |  | 1,316 |  |  | 4,941 |  |  | — |  |  | — |  |  | 82,091 |
HELOC | 114,676 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 114,676 |
Consumer | 72,264 |  |  | 511 |  |  | 286 |  |  | — |  |  | — |  |  | 73,061 |
| $ | 7,872,503 |  |  | $ | 17,882 |  |  | $ | 496,118 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,386,503 |
Total grade as a % of total gross loans | 93.9 | % |  | 0.2 | % |  | 5.9 | % |  | — | % |  | — | % |  |
| Performing Loans |  | Non-Performing Loans
| Amount |  | % of Total Gross Loans |  | Amount |  | % of Total Gross Loans
| (In thousands)
Single-family residential | $ | 6,151,274 |  |  | 97.9 | % |  | $ | 129,798 |  |  | 2.1 | %
Construction - speculative | 119,425 |  |  | 83.0 |  |  | 24,539 |  |  | 17.0 |
Construction - custom | 270,894 |  |  | 100.0 |  |  | — |  |  | — |
Land - acquisition & development | 179,801 |  |  | 77.9 |  |  | 51,100 |  |  | 22.1 |
Land - consumer lot loans | 163,566 |  |  | 96.4 |  |  | 6,148 |  |  | 3.6 |
Multi-family | 709,257 |  |  | 98.9 |  |  | 7,850 |  |  | 1.1 |
Commercial real estate | 290,837 |  |  | 96.0 |  |  | 12,186 |  |  | 4.0 |
Commercial & industrial | 81,834 |  |  | 99.7 |  |  | 257 |  |  | 0.3 |
HELOC | 114,086 |  |  | 99.5 |  |  | 590 |  |  | 0.5 |
Consumer | 72,777 |  |  | 99.6 |  |  | 284 |  |  | 0.4 |
| $ | 8,153,751 |  |  | 97.2 |  |  | $ | 232,752 |  |  | 2.8 |
| Internally Assigned Grade |  | Total Net Loans
| Pass |  | Special mention |  | Substandard |  | Doubtful |  | Loss |
| (In thousands)
Purchased non-credit impaired loans: |  |  |  |  |  |  |  |  |  |  |
Single-family residential | $ | 47,898 |  |  | $ | — |  |  | $ | 626 |  |  | $ | — |  |  | $ | — |  |  | $ | 48,524 |
Construction - speculative | 2,253 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,253 |
Construction - custom | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 8,878 |  |  | 7,277 |  |  | 324 |  |  | — |  |  | — |  |  | 16,479 |
Land - consumer lot loans | 562 |  |  | — |  |  | 111 |  |  | — |  |  | — |  |  | 673 |
Multi-family | 32,827 |  |  | — |  |  | 2,462 |  |  | — |  |  | — |  |  | 35,289 |
Commercial real estate | 126,838 |  |  | 530 |  |  | 29,784 |  |  | — |  |  | — |  |  | 157,152 |
Commercial & industrial | 20,489 |  |  | 4,886 |  |  | 5,821 |  |  | — |  |  | — |  |  | 31,196 |
HELOC | 22,161 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 22,161 |
Consumer | 1,311 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,311 |
| 263,217 |  |  | 12,693 |  |  | 39,128 |  |  | — |  |  | — |  |  | 315,038 |
Total grade as a % of total net loans | 83.6 | % |  | 4.0 | % |  | 12.4 | % |  | — | % |  | — | % |  |
Purchased credit impaired loans: |  |  |  |  |  |  |  |
Pool 1 - Construction and land A&D | 9,062 |  |  | 3,975 |  |  | 63,912 |  |  | — |  |  | — |  |  | 76,949 |
Pool 2 - Single-family residential | 3,911 |  |  | — |  |  | 9,030 |  |  | — |  |  | — |  |  | 12,941 |
Pool 3 - Multi-family | — |  |  | — |  |  | 3,342 |  |  | — |  |  | — |  |  | 3,342 |
Pool 4 - HELOC & other consumer | 3,888 |  |  | — |  |  | 5,504 |  |  | — |  |  | — |  |  | 9,392 |
Pool 5 - Commercial real estate | 1,553 |  |  | 29,985 |  |  | 49,824 |  |  | — |  |  | — |  |  | 81,362 |
Pool 6 - Commercial & industrial | 515 |  |  | 5,327 |  |  | 35,267 |  |  | — |  |  | — |  |  | 41,109 |
| $ | 18,929 |  |  | $ | 39,287 |  |  | $ | 166,879 |  |  | $ | — |  |  | $ | — |  |  | 225,095 |
|  |  |  |  |  |  |  |  | Total covered loans |  | 540,133 |
|  |  |  |  |  |  |  |  | Discount |  | (122,252 | )
|  |  |  |  |  |  |  |  | Covered loans, net |  | $ | 417,881 |
Sumary of impaired loans based on type |
| Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance |  | Average Recorded Investment
| (In thousands)
With no related allowance recorded: |  |  |  |  |  |  |
Single-family residential | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Construction - speculative | 23,523 |  |  | 32,184 |  |  | — |  |  | 28,839 |
Construction - custom | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 44,320 |  |  | 78,408 |  |  | — |  |  | 26,180 |
Land - consumer lot loans | — |  |  | — |  |  | — |  |  | — |
Multi-family | 5,206 |  |  | 6,306 |  |  | — |  |  | 2,564 |
Commercial real estate | 16,399 |  |  | 16,885 |  |  | — |  |  | 5,536 |
Commercial & industrial | — |  |  | — |  |  | — |  |  | — |
HELOC | — |  |  | — |  |  | — |  |  | — |
Consumer | — |  |  | — |  |  | — |  |  | — |
| 89,448 |  |  | 133,783 |  |  | — |  |  | 63,119 |
With an allowance recorded: |  |  |  |  |  |  |
Single-family residential | 287,504 |  |  | 287,504 |  |  | 25,368 |  |  | 251,584 |
Construction - speculative | 41,914 |  |  | 42,091 |  |  | 7,406 |  |  | 37,197 |
Construction - custom | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 64,836 |  |  | 64,836 |  |  | 29,159 |  |  | 41,410 |
Land - consumer lot loans | — |  |  | — |  |  | 1,234 |  |  | — |
Multi-family | 16,934 |  |  | 16,934 |  |  | 3,455 |  |  | 6,097 |
Commercial real estate | 3,784 |  |  | 3,784 |  |  | 1,661 |  |  | 1,632 |
Commercial & industrial | 279 |  |  | 279 |  |  | 219 |  |  | 741 |
HELOC | — |  |  | — |  |  | — |  |  | — |
Consumer | — |  |  | — |  |  | — |  |  | — |
| 415,251 |  |  | 415,428 |  |  | 68,502 |  | (1) | 338,661 |
Total: |  |  |  |  |  |  |
Single-family residential | 287,504 |  |  | 287,504 |  |  | 25,368 |  |  | 251,584 |
Construction - speculative | 65,437 |  |  | 74,275 |  |  | 7,406 |  |  | 66,036 |
Construction - custom | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 109,156 |  |  | 143,244 |  |  | 29,159 |  |  | 67,590 |
Land - consumer lot loans | — |  |  | — |  |  | 1,234 |  |  | — |
Multi-family | 22,140 |  |  | 23,240 |  |  | 3,455 |  |  | 8,661 |
Commercial real estate | 20,183 |  |  | 20,669 |  |  | 1,661 |  |  | 7,168 |
Commercial & industrial | 279 |  |  | 279 |  |  | 219 |  |  | 741 |
HELOC | — |  |  | — |  |  | — |  |  | — |
Consumer | — |  |  | — |  |  | — |  |  | — |
| $ | 504,699 |  |  | $ | 549,211 |  |  | $ | 68,502 |  | (1) | $ | 401,780 |
____________________
(1) | Includes $46,940,000 of specific reserves and $21,562,000 included in the general reserves.

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- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=6965416&loc=SL6953423-111524 + Details
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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 Tabular disclosure of impaired financing receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5212-111524 + Details
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- Definition Allowance for Losses on Loans [Abstract] + Details
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- Definition Schedule of Loans Collectively and Individually Evaluated for Impairment [Table Text Block] + Details
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