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Note E - Allowance for Losses on Loans (Tables)

9 Months Ended

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.

X

- 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

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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

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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

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Allowance for Losses on Loans [Abstract]

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Schedule of Loans Collectively and Individually Evaluated for Impairment [Table Text Block]

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