XML 65 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6

Covered Assets (Tables)

12 Months Ended

Sep. 30, 2012

Covered Assets [Abstract]

Summary of carrying value of acquired impaired and non-impaired loans

The following table reflects the carrying value of all acquired impaired and non-impaired loans as of September 30, 2012 and 2011:

	September 30, 2012										September 30, 2011
	Acquired Impaired Loans			Acquired Non-impaired Loans			Total				Acquired Impaired Loans			Acquired Non-impaired Loans			Total
	(In thousands)
Single-family residential	$	7,699		$	35,676		$	43,375			$	9,235		$	46,214		$	55,449
Construction – speculative	4,519			90			4,609				8,006			1,315			9,321
Construction – custom	1,196			—			1,196				2,799			—			2,799
Land – acquisition & development	22,747			11,430			34,177				32,159			15,058			47,217
Land – consumer lot loans	497			498			995				499			654			1,153
Multi-family	4,698			27,645			32,343				9,333			34,906			44,239
Commercial real estate	83,784			121,592			205,376				101,599			148,464			250,063
Commercial & industrial	18,504			13,023			31,527				35,993			22,881			58,874
HELOC	309			17,971			18,280				1,829			21,730			23,559
Consumer	659			918			1,577				1,485			1,199			2,684
Total covered loans	$	144,612		$	228,843		$	373,455			$	202,937		$	292,421		$	495,358
Allowance for losses	—			—			—				(3,766		)	—			(3,766		)
	$	144,612		$	228,843		$	373,455			$	199,171		$	292,421		$	491,592
Discount							(85,079		)								(109,409		)
Covered loans, net							$	288,376									$	382,183

Schedule of changes in carrying amount and accretable yield for acquired impaired and non-impaired loans

Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans were as follows for the fiscal years ended September 30, 2012 and 2011:

	September 30, 2012																September 30, 2011
	Acquired Impaired								Acquired Non-impaired								Acquired Impaired								Acquired Non-impaired
	Accretable Yield				Carrying Amount of Loans				Accretable Yield				Carrying Amount of Loans				Accretable Yield				Carrying Amount of Loans				Accretable Yield				Carrying Amount of Loans
	(In thousands)																(In thousands)
Balance at beginning of period	$	37,072			$	116,061			$	30,370			$	269,888			$	27,019			$	190,530			$	39,813			$	343,944
Additions	—				—				—				—				—				—				—				—
Reclassification from nonaccretable balance, net	34,690				—				—				—				24,025				—				—				—
Accretion	(20,860		)		20,860				(6,581		)		6,581				(13,972		)		13,972				(9,443		)		9,443
Transfers to REO	—				(15,905		)		—				—				—				(54,638		)		—				—
Payments received, net	—				(46,063		)		—				(63,046		)		—				(33,803		)		—				(83,499		)
Balance at end of period	$	50,902			$	74,953			$	23,789			$	213,423			$	37,072			$	116,061			$	30,370			$	269,888

Schedule of activity for FDIC indemnification asset

The following table shows the year to date activity for the FDIC indemnification asset:

	September 30, 2012				September 30, 2011
	(In thousands)
Balance at beginning of period	$	101,634			$	131,128
Additions	3,284				10,470
Payments received	(3,456		)		(32,828		)
Amortization	(15,510		)		(10,239		)
Accretion	1,619				3,103
Balance at end of period	$	87,571			$	101,634

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

Analysis of age of purchased non-credit impaired loans in past due status

The following table provides an analysis of the age of purchased non-credit impaired loans in past due status for the period ended September 30, 2012.

	Amount of  Loans Net of LIP & Chg.-Offs				Days Delinquent Based on $ Amount of Loans																				% based on $
Type of Loans					Current				30				60				90				Total
	(In thousands)
Single-family residential	$	35,676			$	32,601			$	2,075			$	—			$	1,000			$	3,075			8.62	%
Construction - speculative	90				90				—				—				—				—				NM
Construction - custom	—				—				—				—				—				—				NM
Land - acquisition & development	11,430				9,922				—				—				1,508				1,508				13.19	%
Land - consumer lot loans	498				385				—				—				113				113				22.69	%
Multi-family	27,645				26,137				—				—				1,508				1,508				5.45	%
Commercial real estate	121,592				115,206				17				4,447				1,922				6,386				5.25	%
Commercial & industrial	13,023				9,513				—				69				3,441				3,510				26.95	%
HELOC	17,971				17,440				97				50				384				531				2.95	%
Consumer	918				916				—				1				1				2				0.22	%
	$	228,843			$	212,210			$	2,189			$	4,567			$	9,877			$	16,633			7.27	%

X

- 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

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Analysis of Aging of Non-Credit Impaired Loans [Table Text Block]

+ References

No definition available.

+ Details

Name:	wafd_AnalysisOfAgingOfNonCreditImpairedLoansTableTextBlock
Namespace Prefix:	wafd_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	wafd_CoveredAssetsAbstract
Namespace Prefix:	wafd_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of Acquired Covered Loans by Stauts of Loan [Table Text Block]

+ References

No definition available.

+ Details

Name:	wafd_ScheduleOfAcquiredCoveredLoansByStautsOfLoanTableTextBlock
Namespace Prefix:	wafd_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of Activity for FDIC Indemnification Asset [Table Text Block]

+ References

No definition available.

+ Details

Name:	wafd_ScheduleOfActivityForFdicIndemnificationAssetTableTextBlock
Namespace Prefix:	wafd_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of Changes in Carrying Amount and Accretable Yield of Assets [Table Text Block]

+ References

No definition available.

+ Details

Name:	wafd_ScheduleOfChangesInCarryingAmountAndAccretableYieldOfAssetsTableTextBlock
Namespace Prefix:	wafd_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration