XML 43 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6

Allowance for Losses on Loans (Tables)

3 Months Ended

Dec. 31, 2011

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 quarter ended December 31, 2011 and fiscal year ended September 30, 2011:

Quarter Ended December 31, 2011	Beginning Allowance				Charge-offs				Recoveries				Provision & Transfers				Ending Allowance
	(In thousands)
Single-family residential	$	83,307			$	(13,088	)		$	1,759			$	12,815			$	84,793
Construction - speculative	13,828				(723		)		283				1,252				14,640
Construction - custom	623				—				—				(166		)		457
Land - acquisition & development	32,719				(2,364		)		233				(1,499		)		29,089
Land - consumer lot loans	5,520				(671		)		—				3,434				8,283
Multi-family	7,623				(1,287		)		208				(1		)		6,543
Commercial real estate	4,331				—				—				(1,592		)		2,739
Commercial & industrial	5,099				(10		)		2,201				(2,869		)		4,421
HELOC	1,139				—				52				(219		)		972
Consumer	2,971				(734		)		312				54				2,603
	$	157,160			$	(18,877	)		$	5,048			$	11,209			$	154,540

Fiscal Year Ended 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 shows a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of December 31, 2011 and September 30, 2011:

December 31, 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	$	80,583			$	6,053,039			1.3	%		$	4,210			$	29,452			14.3	%
Construction - speculative	7,897				89,009				8.9			6,743				41,111				16.4
Construction - custom	457				271,227				0.2			—				—				—
Land - acquisition & development	7,123				47,420				15.0			21,966				128,545				17.1
Land - consumer lot loans	7,029				152,378				4.6			1,254				2,496				50.2
Multi-family	2,363				668,785				0.4			4,180				20,364				20.5
Commercial real estate	1,138				393,736				0.3			1,601				21,658				7.4
Commercial & industrial	4,387				91,359				4.8			34				2,433				1.4
HELOC	972				132,089				0.7			—				—				—
Consumer	2,603				63,243				4.1			—				—				—
	$	114,552			$	7,962,285			1.4			$	39,988			$	246,059			16.3

 ___________________

(1) Excludes covered 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 in Note A) as of December 31, 2011 and September 30, 2011:

Credit Risk Profile by Internally Assigned Grade (excludes covered loans):

December 31, 2011	Internally Assigned Grade																				Total
	Pass				Special mention				Substandard				Doubtful				Loss				Gross Loans
	(In thousands)
Single-family residential	$	5,906,370			$	—			$	176,120			$	—			$	—			$	6,082,490
Construction - speculative	65,880				7,663				56,577				—				—				130,120
Construction - custom	271,227				—				—				—				—				271,227
Land - acquisition & development	41,528				24,028				110,409				—				—				175,965
Land - consumer lot loans	154,228				261				385				—				—				154,874
Multi-family	653,006				6,193				29,950				—				—				689,149
Commercial real estate	377,668				7,276				30,450				—				—				415,394
Commercial & industrial	89,705				1,344				2,362				—				381				93,792
HELOC	132,089				—				—				—				—				132,089
Consumer	62,247				528				468				—				—				63,243
	$	7,753,948			$	47,293			$	406,721			$	—			$	381			$	8,208,343
Total grade as a % of total gross loans	94.5		%		0.6		%		4.9		%		—		%		—		%

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		%		—		%		—		%

Credit Risk Profile Based on Payment Activity (excludes covered loans):

December 31, 2011	Performing Loans							Non-Performing Loans
	Amount				% of Total Gross  Loans			Amount				% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,961,272			98.0	%		$	121,218			2.0	%
Construction - speculative	121,044				93.0			9,076				7.0
Construction - custom	270,592				99.8			635				0.2
Land - acquisition & development	140,816				80.0			35,149				20.0
Land - consumer lot loans	148,023				95.6			6,851				4.4
Multi-family	682,121				99.0			7,028				1.0
Commercial real estate	410,620				98.9			4,774				1.1
Commercial & industrial	93,784				100.0			8				—
HELOC	131,478				99.5			611				0.5
Consumer	62,810				99.3			433				0.7
	$	8,022,560			97.7			$	185,783			2.3

September 30, 2011	Performing Loans							Non-Performing Loans
	Amount				% of Total Gross  Loans			Amount				% of Total Gross  Loans
	(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	%

The following tables provide information on covered loans based on credit quality indicators (defined in Note A) as of December 31, 2011 and September 30, 2011:

Credit Risk Profile by Internally Assigned Grade:

December 31, 2011	Internally Assigned Grade																				Total Net  Loans
	Pass				Special mention				Substandard				Doubtful				Loss
	(In thousands)
Purchased non-credit impaired loans:
Single-family residential	$	42,610			$	—			$	586			$	—			$	—			$	43,196
Construction - speculative	725				—				—				—				—				725
Construction - custom	—				—				—				—				—				—
Land - acquisition & development	8,050				5,402				1,177				—				—				14,629
Land - consumer lot loans	523				—				—				—				—				523
Multi-family	30,317				313				2,454				—				—				33,084
Commercial real estate	104,144				1,139				29,719				—				—				135,002
Commercial & industrial	8,347				4,601				3,948				444				—				17,340
HELOC	21,595				—				—				—				—				21,595
Consumer	1,061				—				—				—				—				1,061
	217,372				11,455				37,884				444				—				267,155
Total grade as a % of total net loans	81.4		%		4.3		%		14.2		%		0.2		%		—		%
Purchased credit impaired loans:
Pool 1 - Construction and land A&D	9,989				2,723				50,717				—				—				63,429
Pool 2 - Single-family residential	3,579				—				4,025				—				—				7,604
Pool 3 - Multi-family	—				3,066				234				—				—				3,300
Pool 4 - HELOC & other consumer	2,603				—				4,415				—				—				7,018
Pool 5 - Commercial real estate	415				30,416				47,723				—				—				78,554
Pool 6 - Commercial & industrial	2,866				2,590				21,268				560				47				27,331
	$	19,452			$	38,795			$	128,382			$	560			$	47			187,236
																	Total covered loans				454,391
																	Discount				(103,156		)
																	Allowance				(3,766		)
																	Covered loans, net				$	347,469

September 30, 2011	Internally Assigned Grade																				Total Net  Loans
	Pass				Special mention				Substandard				Doubtful				Loss
	(In thousands)
Purchased non-credit impaired loans:
Single-family residential	$	45,619			$	—			$	595			$	—			$	—			$	46,214
Construction - speculative	1,315				—				—				—				—				1,315
Construction - custom	—				—				—				—				—				—
Land - acquisition & development	8,383				6,315				360				—				—				15,058
Land - consumer lot loans	543				—				111				—				—				654
Multi-family	32,448				—				2,458				—				—				34,906
Commercial real estate	118,124				1,361				28,979				—				—				148,464
Commercial & industrial	13,717				4,481				4,239				444				—				22,881
HELOC	21,730				—				—				—				—				21,730
Consumer	1,199				—				—				—				—				1,199
	243,078				12,157				36,742				444				—				292,421
Total grade as a % of total net loans	83.1		%		4.2		%		12.6		%		0.2		%		—		%
Purchased credit impaired loans:
Pool 1 - Construction and land A&D	9,982				2,980				54,682				—				—				67,644
Pool 2 - Single-family residential	3,667				—				8,263				—				—				11,930
Pool 3 - Multi-family	—				—				3,324				—				—				3,324
Pool 4 - HELOC & other consumer	3,544				—				5,411				—				—				8,955
Pool 5 - Commercial real estate	418				30,579				48,069				—				—				79,066
Pool 6 - Commercial & industrial	2,859				2,725				25,662				772				—				32,018
	$	20,470			$	36,284			$	145,411			$	772			$	—			202,937
																	Total covered loans				495,358
																	Discount				(109,409		)
																	Allowance				(3,766		)
																	Covered loans, net				$	382,183

Sumary of Impaired Loans Based on Type

The following table provides information on impaired loans based on loan types as of December 31, 2011 and September 30, 2011:

December 31, 2011	Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment for Quarter Ended December 31, 2011
	(In thousands)
With no related allowance recorded:
Single-family residential	$	630			$	744			$	—			$	648
Construction - speculative	1,047				1,461				—				958
Construction - custom	—				—				—				—
Land - acquisition & development	22,046				50,712				—				21,568
Land - consumer lot loans	—				—				—				—
Multi-family	4,978				5,653				—				5,315
Commercial real estate	1,550				2,051				—				1,095
Commercial & industrial	13				22				—				6
HELOC	—				—				—				—
Consumer	—				—				—				—
	30,264				60,643				—				29,590
With an allowance recorded:
Single-family residential	352,599				352,599				30,185				338,996
Construction - speculative	30,687				30,687				6,743				30,578
Construction - custom	—				—				—				—
Land - acquisition & development	47,663				48,540				21,966				47,789
Land - consumer lot loans	351				351				1,254				351
Multi-family	13,260				13,260				4,180				13,274
Commercial real estate	6,409				6,409				1,601				6,419
Commercial & industrial	34				34				34				37
HELOC	—				—				—				—
Consumer	—				—				—				—
	451,003				451,880				65,963			(1)	437,444
Total:
Single-family residential	353,229				353,343				30,185				339,644
Construction - speculative	31,734				32,148				6,743				31,536
Construction - custom	—				—				—				—
Land - acquisition & development	69,709				99,252				21,966				69,357
Land - consumer lot loans	351				351				1,254				351
Multi-family	18,238				18,913				4,180				18,589
Commercial real estate	7,959				8,460				1,601				7,514
Commercial & industrial	47				$	56			34				43
HELOC	—				—				—				—
Consumer	—				—				—				—
	$	481,267			$	512,523			$	65,963		(1)	$	467,034

____________________ 

(1)Includes $39,988,000 of specific reserves and $25,975,000 included in the general reserves.

September 30, 2011	Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment for Quarter Ended December 31, 2010
	(In thousands)
With no related allowance recorded:
Single-family residential	$	5,597			$	9,575			$	—			$	—
Construction - speculative	8,286				11,026				—				25,722
Construction - custom	—				—				—				—
Land - acquisition & development	22,436				50,970				—				37,685
Land - consumer lot loans	—				—				—				—
Multi-family	3,233				4,508				—				5,627
Commercial real estate	3,462				3,963				—				8,444
Commercial & industrial	—				—				—				1,911
HELOC	—				—				—				—
Consumer	—				—				—				—
	43,014				80,042				—				79,389
With an allowance recorded:
Single-family residential	331,546				331,546				29,378				218,831
Construction - speculative	29,255				29,255				6,859				50,691
Construction - custom	—				—				—				—
Land - acquisition & development	49,036				49,912				22,230				100,163
Land - consumer lot loans	352				352				1,135				—
Multi-family	17,149				17,149				4,180				11,348
Commercial real estate	6,429				6,429				1,601				2,409
Commercial & industrial	41				41				41				120
HELOC	—				—				—				—
Consumer	—				—				—				—
	433,808				434,684				65,424			(1)	383,562
Total:
Single-family residential	337,143				341,121				29,378				218,831
Construction - speculative	37,541				40,281				6,859				76,413
Construction - custom	—				—				—				—
Land - acquisition & development	71,472				100,882				22,230				137,848
Land - consumer lot loans	352				352				1,135				—
Multi-family	20,382				21,657				4,180				16,975
Commercial real estate	9,891				10,392				1,601				10,853
Commercial & industrial	41				41				41				2,031
HELOC	—				—				—				—
Consumer	—				—				—				—
	$	476,822			$	514,726			$	65,424		(1)	$	462,951

(1) Includes $41,912,000 of specific reserves and $23,512,000 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

+ Details

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

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=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

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

X

- 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

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

X

- Details

Name:	wfsl_AllowanceForLossesOnLoansAbstract
Namespace Prefix:	wfsl_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

No definition available.

+ Details

Name:	wfsl_ScheduleOfLoansCollectivelyAndIndividuallyEvaluatedForImpairmentTableTextBlock
Namespace Prefix:	wfsl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration