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Allowance for Losses on Loans (Tables) | 12 Months Ended
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Sep. 30, 2012
Allowance for Losses on Loans [Abstract] |
Summary of activity in allowance for loan losses | The following table summarizes the activity in the allowance for loan losses for the twelve months ended September 30, 2012 and 2011:
September 30, 2012 | Beginning Allowance |  | Charge-offs |  | Recoveries |  | Provision & Transfers |  | Ending Allowance
| (In thousands)
Single-family residential | $ | 83,307 |  |  | $ | (53,789 | ) |  | $ | 8,164 |  |  | $ | 44,133 |  |  | $ | 81,815 |
Construction - speculative | 13,828 |  |  | (4,916 | ) |  | 711 |  |  | 2,437 |  |  | 12,060 |
Construction - custom | 623 |  |  | — |  |  | — |  |  | (276 | ) |  | 347 |
Land - acquisition & development | 32,719 |  |  | (16,978 | ) |  | 1,341 |  |  | (1,484 | ) |  | 15,598 |
Land - consumer lot loans | 5,520 |  |  | (2,670 | ) |  | — |  |  | 2,087 |  |  | 4,937 |
Multi-family | 7,623 |  |  | (1,393 | ) |  | 504 |  |  | (1,454 | ) |  | 5,280 |
Commercial real estate | 4,331 |  |  | (814 | ) |  | 225 |  |  | (1,786 | ) |  | 1,956 |
Commercial & industrial | 5,099 |  |  | (249 | ) |  | 2,366 |  |  | 410 |  |  | 7,626 |
HELOC | 1,139 |  |  | (232 | ) |  | 66 |  |  | (8 | ) |  | 965 |
Consumer | 2,971 |  |  | (3,538 | ) |  | 1,480 |  |  | 1,650 |  |  | 2,563 |
| $ | 157,160 |  |  | $ | (84,579 | ) |  | $ | 14,857 |  |  | $ | 45,709 |  |  | $ | 133,147 |
September 30, 2011 | Beginning Allowance |  | Charge-offs |  | Recoveries |  | Provision & Transfers |  | Ending Allowance
| (In thousands)
Single-family residential | $ | 47,160 |  |  | $ | (38,465 | ) |  | $ | 3,072 |  |  | $ | 71,540 |  |  | $ | 83,307 |
Construction - speculative | 26,346 |  |  | (13,197 | ) |  | 2,143 |  |  | (1,464 | ) |  | 13,828 |
Construction - custom | 770 |  |  | (237 | ) |  | — |  |  | 90 |  |  | 623 |
Land - acquisition & development | 61,637 |  |  | (39,797 | ) |  | 2,271 |  |  | 8,608 |  |  | 32,719 |
Land - consumer lot loans | 4,793 |  |  | (4,196 | ) |  | — |  |  | 4,923 |  |  | 5,520 |
Multi-family | 5,050 |  |  | (1,950 | ) |  | 71 |  |  | 4,452 |  |  | 7,623 |
Commercial real estate | 3,165 |  |  | (1,593 | ) |  | 328 |  |  | 2,431 |  |  | 4,331 |
Commercial & industrial | 6,193 |  |  | (4,733 | ) |  | 1,925 |  |  | 1,714 |  |  | 5,099 |
HELOC | 586 |  |  | (939 | ) |  | 185 |  |  | 1,307 |  |  | 1,139 |
Consumer | 7,394 |  |  | (4,602 | ) |  | 1,429 |  |  | (1,250 | ) |  | 2,971 |
| $ | 163,094 |  |  | $ | (109,709 | ) |  | $ | 11,424 |  |  | $ | 92,351 |  |  | $ | 157,160 |
Summary of loans collectively and individually evaluated for impairment and related allocation of reserves | The following tables show a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of September 30, 2012 and 2011:
September 30, 2012 | 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 | $ | 81,737 |  |  | $ | 5,694,337 |  |  | 1.4 | % |  | $ | 78 |  |  | $ | 84,584 |  |  | 0.1 | %
Construction - speculative | 9,079 |  |  | 104,312 |  |  | 8.7 |  |  | 2,981 |  |  | 25,325 |  |  | 11.8 |
Construction - custom | 347 |  |  | 211,690 |  |  | 0.2 |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 6,697 |  |  | 47,294 |  |  | 14.2 |  |  | 8,901 |  |  | 77,383 |  |  | 11.5 |
Land - consumer lot loans | 4,176 |  |  | 138,666 |  |  | 3.0 |  |  | 761 |  |  | 3,178 |  |  | 23.9 |
Multi-family | 2,818 |  |  | 694,140 |  |  | 0.4 |  |  | 2,462 |  |  | 16,000 |  |  | 15.4 |
Commercial real estate | 1,158 |  |  | 292,550 |  |  | 0.4 |  |  | 798 |  |  | 26,660 |  |  | 3.0 |
Commercial & industrial | 7,624 |  |  | 161,689 |  |  | 4.7 |  |  | 2 |  |  | 1,134 |  |  | 0.2 |
HELOC | 965 |  |  | 112,812 |  |  | 0.9 |  |  | — |  |  | 90 |  |  | — |
Consumer | 2,563 |  |  | 63,374 |  |  | 4.0 |  |  | — |  |  | — |  |  | — |
| $ | 117,164 |  |  | $ | 7,520,864 |  |  | 1.6 | % |  | $ | 15,983 |  |  | $ | 234,354 |  |  | 6.8 | %
___________________
(1) | Excludes covered loans & credit impaired acquired loans
September 30, 2011 | 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 | $ | 77,441 |  |  | $ | 6,186,322 |  |  | 1.3 | % |  | $ | 5,866 |  |  | $ | 32,556 |  |  | 18.0 | %
Construction - speculative | 6,969 |  |  | 89,986 |  |  | 7.7 |  |  | 6,859 |  |  | 50,473 |  |  | 13.6 |
Construction - custom | 623 |  |  | 279,851 |  |  | 0.2 |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 10,489 |  |  | 61,277 |  |  | 17.1 |  |  | 22,230 |  |  | 139,415 |  |  | 15.9 |
Land - consumer lot loans | 4,385 |  |  | 160,906 |  |  | 2.7 |  |  | 1,135 |  |  | 2,240 |  |  | 50.7 |
Multi-family | 3,443 |  |  | 679,823 |  |  | 0.5 |  |  | 4,180 |  |  | 20,850 |  |  | 20.0 |
Commercial real estate | 2,730 |  |  | 268,906 |  |  | 1.0 |  |  | 1,601 |  |  | 34,536 |  |  | 4.6 |
Commercial & industrial | 5,058 |  |  | 106,406 |  |  | 4.8 |  |  | 41 |  |  | 2,926 |  |  | 1.4 |
HELOC | 1,139 |  |  | 115,092 |  |  | 1.0 |  |  | — |  |  | — |  |  | — |
Consumer | 2,971 |  |  | 67,509 |  |  | 4.4 |  |  | — |  |  | — |  |  | — |
| $ | 115,248 |  |  | $ | 8,016,078 |  |  | 1.4 | % |  | $ | 41,912 |  |  | $ | 282,996 |  |  | 14.8 | %
___________________
(1) | Excludes covered loans
Summary of loans based on credit quality indicators | The following tables provide information on loans based on credit quality indicators (defined above) as of September 30, 2012 and 2011: Credit Risk Profile by Internally Assigned Grade:
September 30, 2012 | Internally Assigned Grade |  | Total
| Pass |  | Special mention |  | Substandard |  | Doubtful |  | Loss |  | Gross Loans
| (In thousands)
Non-acquired loans |  |  |  |  |  |  |  |  |  |  |
Single-family residential | $ | 5,588,252 |  |  | $ | 844 |  |  | $ | 189,826 |  |  | $ | — |  |  | $ | — |  |  | 5,778,922 |
Construction - speculative | 86,126 |  |  | 10,113 |  |  | 33,398 |  |  | — |  |  | — |  |  | 129,637 |
Construction - custom | 211,690 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 211,690 |
Land - acquisition & development | 73,661 |  |  | 4,637 |  |  | 46,379 |  |  | — |  |  | — |  |  | 124,677 |
Land - consumer lot loans | 140,006 |  |  | 223 |  |  | 1,615 |  |  | — |  |  | — |  |  | 141,844 |
Multi-family | 684,649 |  |  | 5,098 |  |  | 20,393 |  |  | — |  |  | — |  |  | 710,140 |
Commercial real estate | 278,022 |  |  | 16,282 |  |  | 24,906 |  |  | — |  |  | — |  |  | 319,210 |
Commercial & industrial | 158,421 |  |  | 1,071 |  |  | 3,331 |  |  | — |  |  | — |  |  | 162,823 |
HELOC | 112,902 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 112,902 |
Consumer | 62,611 |  |  | 354 |  |  | 409 |  |  | — |  |  | — |  |  | 63,374 |
| $ | 7,396,340 |  |  | $ | 38,622 |  |  | $ | 320,257 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,755,219 |
Credit impaired acquired loans |  |  |  |  |  |  |  |  |  |  |
Pool 1 - Construction and land A&D | $ | 2,466 |  |  | $ | — |  |  | $ | 3,125 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,591 |
Pool 2 - Single-family residential | 342 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 342 |
Pool 3 - Multi-family | — |  |  | — |  |  | 601 |  |  | — |  |  | — |  |  | 601 |
Pool 4 - HELOC & other consumer | 14,137 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 14,137 |
Pool 5 - Commercial real estate | 53,683 |  |  | 4,308 |  |  | 28,200 |  |  | 963 |  |  | — |  |  | 87,154 |
Pool 6 - Commercial & industrial | 1,566 |  |  | 58 |  |  | 733 |  |  | 935 |  |  | — |  |  | 3,292 |
Total credit impaired acquired loans | $ | 72,194 |  |  | $ | 4,366 |  |  | $ | 32,659 |  |  | $ | 1,898 |  |  | $ | — |  |  | $ | 111,117 |
Total gross loans | $ | 7,468,534 |  |  | $ | 42,988 |  |  | $ | 352,916 |  |  | $ | 1,898 |  |  | $ | — |  |  | $ | 7,866,336 |
Total grade as a % of total gross loans | 94.9 | % |  | 0.6 | % |  | 4.5 | % |  | — | % |  | — | % |  |
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 | % |  | — | % |  | — | % |  |
The following tables provide information on covered loans based on credit quality indicators (defined in Note A) as of September 30, 2012: Credit Risk Profile by Internally Assigned Grade:
| Internally Assigned Grade |  | Total Net Loans
| Pass |  | Special mention |  | Substandard |  | Doubtful |  | Loss |
| (In thousands)
Purchased non-credit impaired loans: |  |  |  |  |  |  |  |  |  |  |
Single-family residential | $ | 32,272 |  |  | $ | — |  |  | $ | 3,404 |  |  | $ | — |  |  | $ | — |  |  | $ | 35,676 |
Construction - speculative | 90 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 90 |
Construction - custom | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 3,440 |  |  | 1,970 |  |  | 6,020 |  |  | — |  |  | — |  |  | 11,430 |
Land - consumer lot loans | 498 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 498 |
Multi-family | 24,898 |  |  | — |  |  | 2,747 |  |  | — |  |  | — |  |  | 27,645 |
Commercial real estate | 89,530 |  |  | 298 |  |  | 31,764 |  |  | — |  |  | — |  |  | 121,592 |
Commercial & industrial | 7,146 |  |  | 510 |  |  | 5,367 |  |  | — |  |  | — |  |  | 13,023 |
HELOC | 17,971 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 17,971 |
Consumer | 918 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 918 |
| 176,763 |  |  | 2,778 |  |  | 49,302 |  |  | — |  |  | — |  |  | 228,843 |
Total grade as a % of total net loans | 77.3 | % |  | 1.2 | % |  | 21.5 | % |  | — | % |  | — | % |  |
Purchased credit impaired loans: |  |  |  |  |  |  |  |
Pool 1 - Construction and land A&D | 9,795 |  |  | 5,301 |  |  | 35,857 |  |  | — |  |  | — |  |  | 50,953 |
Pool 2 - Single-family residential | 669 |  |  | — |  |  | 2,953 |  |  | — |  |  | — |  |  | 3,622 |
Pool 3 - Multi-family | — |  |  | — |  |  | 2,996 |  |  | — |  |  | — |  |  | 2,996 |
Pool 4 - HELOC & other consumer | 1,094 |  |  | — |  |  | 3,096 |  |  | — |  |  | — |  |  | 4,190 |
Pool 5 - Commercial real estate | 404 |  |  | 25,785 |  |  | 41,403 |  |  | — |  |  | — |  |  | 67,592 |
Pool 6 - Commercial & industrial | 3,787 |  |  | 1,006 |  |  | 10,466 |  |  | — |  |  | — |  |  | 15,259 |
| $ | 15,749 |  |  | $ | 32,092 |  |  | $ | 96,771 |  |  | $ | — |  |  | $ | — |  |  | $ | 144,612 |
|  |  |  |  |  |  |  |  | Total covered loans |  | 373,455 |
|  |  |  |  |  |  |  |  | Discount |  | (85,079 | )
|  |  |  |  |  |  |  |  | Allowance |  | $ | — |
|  |  |  |  |  |  |  |  | Covered loans, net |  | $ | 288,376 |
Schedule of Credit Risk Profile by Payment Activity | Credit Risk Profile Based on Payment Activity:
September 30, 2012 | Performing Loans |  | Non-Performing Loans
| Amount |  | % of Total Gross Loans |  | Amount |  | % of Total Gross Loans
| (In thousands) |  |  |  | (In thousands) |  |
Single-family residential | $ | 5,647,729 |  |  | 97.7 | % |  | $ | 131,193 |  |  | 2.3 | %
Construction - speculative | 119,003 |  |  | 91.8 |  |  | 10,634 |  |  | 8.2 |
Construction - custom | 211,151 |  |  | 99.7 |  |  | 539 |  |  | 0.3 |
Land - acquisition & development | 111,200 |  |  | 89.2 |  |  | 13,477 |  |  | 10.8 |
Land - consumer lot loans | 136,695 |  |  | 96.4 |  |  | 5,149 |  |  | 3.6 |
Multi-family | 705,955 |  |  | 99.4 |  |  | 4,185 |  |  | 0.6 |
Commercial real estate | 311,557 |  |  | 97.6 |  |  | 7,653 |  |  | 2.4 |
Commercial & industrial | 162,807 |  |  | 100.0 |  |  | 16 |  |  | — |
HELOC | 112,704 |  |  | 99.8 |  |  | 198 |  |  | 0.2 |
Consumer | 62,991 |  |  | 99.4 |  |  | 383 |  |  | 0.6 |
| $ | 7,581,792 |  |  | 97.8 | % |  | $ | 173,427 |  |  | 2.2 | %
September 30, 2011 | Performing Loans |  | Non-Performing Loans
| Amount |  | % of Total Gross Loans |  | Amount |  | % of Total Gross Loans
| (In thousands) |  |  |  | (In thousands) |  |
Single-family residential | $ | 6,092,254 |  |  | 98.0 | % |  | $ | 126,624 |  |  | 2.0 | %
Construction - speculative | 125,076 |  |  | 89.0 |  |  | 15,383 |  |  | 11.0 |
Construction - custom | 279,216 |  |  | 99.8 |  |  | 635 |  |  | 0.2 |
Land - acquisition & development | 163,353 |  |  | 81.4 |  |  | 37,339 |  |  | 18.6 |
Land - consumer lot loans | 154,303 |  |  | 94.6 |  |  | 8,843 |  |  | 5.4 |
Multi-family | 693,009 |  |  | 98.9 |  |  | 7,664 |  |  | 1.1 |
Commercial real estate | 292,062 |  |  | 96.2 |  |  | 11,380 |  |  | 3.8 |
Commercial & industrial | 107,653 |  |  | 98.5 |  |  | 1,679 |  |  | 1.5 |
HELOC | 114,611 |  |  | 99.6 |  |  | 481 |  |  | 0.4 |
Consumer | 67,072 |  |  | 99.4 |  |  | 437 |  |  | 0.6 |
| $ | 8,088,609 |  |  | 97.5 | % |  | $ | 210,465 |  |  | 2.5 | %
Summary of impaired loans based on type | The following tables provide information on impaired loans based on loan types as of September 30, 2012 and 2011:
September 30, 2012 | Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance |  | Average Recorded Investment
| (In thousands)
With no related allowance recorded: |  |  |  |  |  |  |
Single-family residential | $ | 106,955 |  |  | $ | 124,342 |  |  | $ | — |  |  | $ | 49,524 |
Construction - speculative | 13,726 |  |  | 16,568 |  |  | — |  |  | 13,581 |
Construction - custom | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 18,000 |  |  | 30,209 |  |  | — |  |  | 16,417 |
Land - consumer lot loans | 1,677 |  |  | 2,185 |  |  | — |  |  | 487 |
Multi-family | 8,792 |  |  | 8,991 |  |  | — |  |  | 6,935 |
Commercial real estate | 31,190 |  |  | 42,656 |  |  | — |  |  | 12,946 |
Commercial & industrial | 1,146 |  |  | 7,363 |  |  | — |  |  | 581 |
HELOC | 90 |  |  | 1,066 |  |  | — |  |  | 36 |
Consumer | — |  |  | 4 |  |  | — |  |  | — |
| 181,576 |  |  | 233,384 |  |  | — |  |  | 100,507 |
With an allowance recorded: |  |  |  |  |  |  |
Single-family residential | 317,901 |  |  | 317,901 |  |  | 25,723 |  |  | 305,350 |
Construction - speculative | 12,836 |  |  | 12,836 |  |  | 2,981 |  |  | 12,822 |
Construction - custom | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 20,750 |  |  | 20,750 |  |  | 8,901 |  |  | 21,650 |
Land - consumer lot loans | 13,881 |  |  | 13,881 |  |  | 761 |  |  | 13,126 |
Multi-family | 14,153 |  |  | 14,555 |  |  | 2,462 |  |  | 14,279 |
Commercial real estate | 3,722 |  |  | 3,722 |  |  | 798 |  |  | 2,897 |
Commercial & industrial | — |  |  | 2 |  |  | 2 |  |  | 22 |
HELOC | 734 |  |  | 734 |  |  | — |  |  | 743 |
Consumer | — |  |  | — |  |  | — |  |  | — |
| 383,977 |  |  | 384,381 |  |  | 41,628 |  | (1) | 370,889 |
Total: |  |  |  |  |  |  |
Single-family residential | 424,856 |  |  | 442,243 |  |  | 25,723 |  |  | 354,874 |
Construction - speculative | 26,562 |  |  | 29,404 |  |  | 2,981 |  |  | 26,403 |
Construction - custom | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 38,750 |  |  | 50,959 |  |  | 8,901 |  |  | 38,067 |
Land - consumer lot loans | 15,558 |  |  | 16,066 |  |  | 761 |  |  | 13,613 |
Multi-family | 22,945 |  |  | 23,546 |  |  | 2,462 |  |  | 21,214 |
Commercial real estate | 34,912 |  |  | 46,378 |  |  | 798 |  |  | 15,843 |
Commercial & industrial | 1,146 |  |  | 7,365 |  |  | 2 |  |  | 603 |
HELOC | 824 |  |  | 1,800 |  |  | — |  |  | 779 |
Consumer | — |  |  | 4 |  |  | — |  |  | — |
| $ | 565,553 |  |  | $ | 617,765 |  |  | $ | 41,628 |  | (1) | $ | 471,396 |
____________________
(1) | Includes $15,983,000 of specific reserves and $25,645,000 included in the general reserves.
September 30, 2011 | Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance |  | Average Recorded Investment
| (In thousands)
With no related allowance recorded: |  |  |  |  |  |  |
Single-family residential | $ | 5,597 |  |  | $ | 9,575 |  |  | $ | — |  |  | $ | 5,935 |
Construction - speculative | 8,286 |  |  | 11,026 |  |  | — |  |  | 7,374 |
Construction - custom | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 22,436 |  |  | 50,970 |  |  | — |  |  | 28,168 |
Land - consumer lot loans | — |  |  | — |  |  | — |  |  | — |
Multi-family | 3,233 |  |  | 4,508 |  |  | — |  |  | 4,058 |
Commercial real estate | 3,462 |  |  | 3,963 |  |  | — |  |  | 2,141 |
Commercial & industrial | — |  |  | — |  |  | — |  |  | — |
HELOC | — |  |  | — |  |  | — |  |  | — |
Consumer | — |  |  | — |  |  | — |  |  | — |
| 43,014 |  |  | 80,042 |  |  | — |  |  | 47,676 |
With an allowance recorded: |  |  |  |  |  |  |
Single-family residential | 331,546 |  |  | 331,546 |  |  | 29,378 |  |  | 261,736 |
Construction - speculative | 29,255 |  |  | 29,255 |  |  | 6,859 |  |  | 26,385 |
Construction - custom | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 49,036 |  |  | 49,912 |  |  | 22,230 |  |  | 41,006 |
Land - consumer lot loans | 352 |  |  | 352 |  |  | 1,135 |  |  | 110 |
Multi-family | 17,149 |  |  | 17,149 |  |  | 4,180 |  |  | 12,380 |
Commercial real estate | 6,429 |  |  | 6,429 |  |  | 1,601 |  |  | 3,351 |
Commercial & industrial | 41 |  |  | 41 |  |  | 41 |  |  | 31 |
HELOC | — |  |  | — |  |  | — |  |  | — |
Consumer | — |  |  | — |  |  | — |  |  | — |
| 433,808 |  |  | 434,684 |  |  | 65,424 |  | (1) | 344,999 |
Total: |  |  |  |  |  |  |
Single-family residential | 337,143 |  |  | 341,121 |  |  | 29,378 |  |  | 267,671 |
Construction - speculative | 37,541 |  |  | 40,281 |  |  | 6,859 |  |  | 33,759 |
Construction - custom | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 71,472 |  |  | 100,882 |  |  | 22,230 |  |  | 69,174 |
Land - consumer lot loans | 352 |  |  | 352 |  |  | 1,135 |  |  | 110 |
Multi-family | 20,382 |  |  | 21,657 |  |  | 4,180 |  |  | 16,438 |
Commercial real estate | 9,891 |  |  | 10,392 |  |  | 1,601 |  |  | 5,492 |
Commercial & industrial | 41 |  |  | 41 |  |  | 41 |  |  | 31 |
HELOC | — |  |  | — |  |  | — |  |  | — |
Consumer | — |  |  | — |  |  | — |  |  | — |
| $ | 476,822 |  |  | $ | 514,726 |  |  | $ | 65,424 |  | (1) | $ | 392,675 |
____________________
(1) | Includes $41,912,000 of specific reserves and $23,512,000 included in the general reserves.

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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=7512638&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=7880640&loc=SL6953803-111525 + Details
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