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Loans Receivable (excluding Covered Loans) | 6 Months Ended
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Mar. 31, 2012
Loans Receivable [Abstract] |
Loans Receivable (excluding Covered Loans) | Loans Receivable (excluding Covered Loans)
| March 31, 2012 |  | September 30, 2011
| (In thousands)
Non-acquired loans |  |  |  |  |  |  |
Single-family residential | $ | 5,971,540 |  |  | 74.4 | % |  | $ | 6,218,878 |  |  | 74.7 | %
Construction - speculative | 128,719 |  |  | 1.6 |  |  | 140,459 |  |  | 1.9 |
Construction - custom | 235,566 |  |  | 2.9 |  |  | 279,851 |  |  | 2.9 |
Land - acquisition & development | 151,967 |  |  | 1.9 |  |  | 200,692 |  |  | 3.5 |
Land - consumer lot loans | 149,967 |  |  | 1.9 |  |  | 163,146 |  |  | 2.1 |
Multi-family | 686,467 |  |  | 8.5 |  |  | 700,673 |  |  | 7.9 |
Commercial real estate | 293,234 |  |  | 3.7 |  |  | 303,442 |  |  | 3.6 |
Commercial & industrial | 94,919 |  |  | 1.2 |  |  | 109,332 |  |  | 1.0 |
HELOC | 113,368 |  |  | 1.4 |  |  | 115,092 |  |  | 1.3 |
Consumer | 71,081 |  |  | 0.9 |  |  | 67,509 |  |  | 1.1 |
Total non-acquired loans | 7,896,828 |  |  | 98.4 |  |  | 8,299,074 |  |  | 100 |
Credit-impaired acquired loans |  |  |  |  |  |  |
Single-family residential | 2,093 |  |  | — |  |  | — |  |  | — |
Construction - speculative | 139 |  |  | — |  |  | — |  |  | — |
Construction - custom | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 4,490 |  |  | 0.1 |  |  | — |  |  | — |
Land - consumer lot loans | — |  |  | — |  |  | — |  |  | — |
Multi-family | 1,229 |  |  | — |  |  | — |  |  | — |
Commercial real estate | 101,254 |  |  | 1.2 |  |  | — |  |  | — |
Commercial & industrial | 7,765 |  |  | 0.1 |  |  | — |  |  | — |
HELOC | 17,215 |  |  | 0.2 |  |  | — |  |  | — |
Consumer | 125 |  |  | — |  |  | — |  |  | — |
Total credit-impaired acquired loans | 134,310 |  |  | 1.6 |  |  | — |  |  | — |
Total loans |  |  |  |  |  |  |
Single-family residential | 5,973,633 |  |  | 74.4 |  |  | 6,218,878 |  |  | 74.7 |
Construction - speculative | 128,858 |  |  | 1.6 |  |  | 140,459 |  |  | 1.9 |
Construction - custom | 235,566 |  |  | 2.9 |  |  | 279,851 |  |  | 2.9 |
Land - acquisition & development | 156,457 |  |  | 2.0 |  |  | 200,692 |  |  | 3.5 |
Land - consumer lot loans | 149,967 |  |  | 1.9 |  |  | 163,146 |  |  | 2.1 |
Multi-family | 687,696 |  |  | 8.5 |  |  | 700,673 |  |  | 7.9 |
Commercial real estate | 394,488 |  |  | 4.9 |  |  | 303,442 |  |  | 3.6 |
Commercial & industrial | 102,684 |  |  | 1.3 |  |  | 109,332 |  |  | 1.0 |
HELOC | 130,583 |  |  | 1.6 |  |  | 115,092 |  |  | 1.3 |
Consumer | 71,206 |  |  | 0.9 |  |  | 67,509 |  |  | 1.1 |
Total loans | 8,031,138 |  |  | 100 | % |  | 8,299,074 |  |  | 100 | %
Less: |  |  |  |  |  |  |
Allowance for probable losses | 143,819 |  |  |  |  | 157,160 |  |  |
Loans in process | 133,379 |  |  |  |  | 170,229 |  |  |
Discount on acquired loans | 43,687 |  |  |  |  | — |  |  |
Deferred net origination fees | 34,236 |  |  |  |  | 35,808 |  |  |
| 355,121 |  |  |  |  | 363,197 |  |  |
| $ | 7,676,017 |  |  |  |  | $ | 7,935,877 |  |  |
The following table presents the changes in the accretable yield for credit impaired acquired loans as of March 31, 2012:
| Credit impaired acquired loans
| Accretable Yield |  | Carrying Amount of Loans
| (In thousands)
Balance as of October 1, 2011 | $ | — |  |  | $ | — |
Additions | 21,606 |  |  | 92,981 |
Accretion | (1,790 | ) |  | 1,790 |
Transfers to REO | — |  |  | — |
Payments received, net | — |  |  | (4,148 | )
Balance as of March 31, 2012 | $ | 19,816 |  |  | $ | 90,623 |
The following table sets forth information regarding non-accrual loans held by the Company as of the dates indicated:
| March 31, 2012 |  | September 30, 2011
| (In thousands)
Non-accrual loans: |  |  |  |  |  |  |
Single-family residential | $ | 116,284 |  |  | 70.0 | % |  | $ | 126,624 |  |  | 60.3 | %
Construction - speculative | 8,190 |  |  | 4.9 |  |  | 15,383 |  |  | 7.3 |
Construction - custom | 539 |  |  | 0.3 |  |  | 635 |  |  | 0.3 |
Land - acquisition & development | 25,036 |  |  | 15.1 |  |  | 37,339 |  |  | 17.7 |
Land - consumer lot loans | 5,641 |  |  | 3.4 |  |  | 8,843 |  |  | 4.2 |
Multi-family | 4,530 |  |  | 2.7 |  |  | 7,664 |  |  | 3.6 |
Commercial real estate | 4,997 |  |  | 3.0 |  |  | 11,380 |  |  | 5.4 |
Commercial & industrial | 1 |  |  | — |  |  | 1,679 |  |  | 0.8 |
HELOC | 591 |  |  | 0.4 |  |  | 481 |  |  | 0.2 |
Consumer | 344 |  |  | 0.2 |  |  | 437 |  |  | 0.2 |
Total non-accrual loans | $ | 166,153 |  |  | 100 | % |  | $ | 210,465 |  |  | 100 | %
The following tables provide an analysis of the age of loans in past due status as of March 31, 2012 and September 30, 2011, respectively.
March 31, 2012 | Amount of Loans |  | Days Delinquent Based on $ Amount of Loans |  | % based on $
Type of Loan | Net of LIP & Chg.-Offs |  | Current |  | 30 |  | 60 |  | 90 |  | Total |
| (In thousands)
Non-acquired loans |  |  |  |  |  |  |  |  |  |  |  |  |
Single-Family Residential | $ | 5,969,973 |  |  | $ | 5,784,832 |  |  | $ | 45,826 |  |  | $ | 28,841 |  |  | $ | 110,474 |  |  | $ | 185,141 |  |  | 3.10 | %
Construction - Speculative | 102,654 |  |  | 97,455 |  |  | — |  |  | 1,635 |  |  | 3,564 |  |  | 5,199 |  |  | 5.06 |
Construction - Custom | 145,406 |  |  | 144,845 |  |  | — |  |  | 22 |  |  | 539 |  |  | 561 |  |  | 0.39 |
Land - Acquisition & Development | 146,228 |  |  | 125,100 |  |  | — |  |  | 5,452 |  |  | 15,676 |  |  | 21,128 |  |  | 14.45 |
Land - Consumer Lot Loans | 149,966 |  |  | 142,155 |  |  | 966 |  |  | 1,204 |  |  | 5,641 |  |  | 7,811 |  |  | 5.21 |
Multi-Family | 677,730 |  |  | 672,517 |  |  | — |  |  | 683 |  |  | 4,530 |  |  | 5,213 |  |  | 0.77 |
Commercial Real Estate | 292,143 |  |  | 286,778 |  |  | 672 |  |  | 1,950 |  |  | 2,743 |  |  | 5,365 |  |  | 1.84 |
Commercial & Industrial | 94,901 |  |  | 94,895 |  |  | 5 |  |  | — |  |  | 1 |  |  | 6 |  |  | 0.01 |
HELOC | 113,368 |  |  | 112,657 |  |  | 60 |  |  | 60 |  |  | 591 |  |  | 711 |  |  | 0.63 |
Consumer | 71,080 |  |  | 68,993 |  |  | 1,196 |  |  | 547 |  |  | 344 |  |  | 2,087 |  |  | 2.94 |
Total non-acquired loans | 7,763,449 |  |  | 7,530,227 |  |  | 48,725 |  |  | 40,394 |  |  | 144,103 |  |  | 233,222 |  |  | 3.00 |
Credit-impaired acquired loans |  |  |  |  |  |  |  |  |  |  |  |  |
Single-Family Residential | 2,093 |  |  | 1,755 |  |  | 338 |  |  | — |  |  | — |  |  | 338 |  |  | 16.15 |
Construction - Speculative | 139 |  |  | 139 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction - Custom | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - Acquisition & Development | 4,490 |  |  | 3,937 |  |  | — |  |  | — |  |  | 553 |  |  | 553 |  |  | 12.32 |
Land - Consumer Lot Loans | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Multi-Family | 1,229 |  |  | 1,090 |  |  | 139 |  |  | — |  |  | — |  |  | 139 |  |  | 11.31 |
Commercial Real Estate | 101,254 |  |  | 87,036 |  |  | 4,285 |  |  | 3,375 |  |  | 6,558 |  |  | 14,218 |  |  | 14.04 |
Commercial & Industrial | 7,765 |  |  | 6,907 |  |  | 488 |  |  | 55 |  |  | 315 |  |  | 858 |  |  | 11.05 |
HELOC | 17,215 |  |  | 15,331 |  |  | — |  |  | 1,084 |  |  | 800 |  |  | 1,884 |  |  | 10.94 |
Consumer | 125 |  |  | 89 |  |  | 36 |  |  | — |  |  | — |  |  | 36 |  |  | 28.80 |
Total credit-impaired acquired loans | 134,310 |  |  | 116,284 |  |  | 5,286 |  |  | 4,514 |  |  | 8,226 |  |  | 18,026 |  |  | 13.42 |
Total loans | $ | 7,897,759 |  |  | $ | 7,646,511 |  |  | $ | 54,011 |  |  | $ | 44,908 |  |  | $ | 152,329 |  |  | $ | 251,248 |  |  | 3.18 |
September 30, 2011 | Amount of Loans |  | Days Delinquent Based on $ Amount of Loans |  | % based on $
Type of Loan | Net of LIP & Chg.-Offs |  | Current |  | 30 |  | 60 |  | 90 |  | Total |
| (In thousands)
Single-Family Residential | $ | 6,217,670 |  |  | $ | 6,015,464 |  |  | $ | 54,140 |  |  | $ | 21,985 |  |  | $ | 126,082 |  |  | $ | 202,207 |  |  | 3.25 | %
Construction - Speculative | 115,409 |  |  | 106,843 |  |  | 330 |  |  | — |  |  | 8,236 |  |  | 8,566 |  |  | 7.42 |
Construction - Custom | 147,764 |  |  | 147,129 |  |  | — |  |  | — |  |  | 635 |  |  | 635 |  |  | 0.43 |
Land - Acquisition & Development | 193,613 |  |  | 159,357 |  |  | 679 |  |  | — |  |  | 33,577 |  |  | 34,256 |  |  | 17.69 |
Land - Consumer Lot Loans | 163,146 |  |  | 151,849 |  |  | 1,163 |  |  | 1,291 |  |  | 8,843 |  |  | 11,297 |  |  | 6.92 |
Multi-Family | 699,340 |  |  | 690,765 |  |  | — |  |  | 1,202 |  |  | 7,373 |  |  | 8,575 |  |  | 1.23 |
Commercial Real Estate | 300,307 |  |  | 292,015 |  |  | 1,016 |  |  | — |  |  | 7,276 |  |  | 8,292 |  |  | 2.76 |
Commercial & Industrial | 108,995 |  |  | 106,708 |  |  | 55 |  |  | 553 |  |  | 1,679 |  |  | 2,287 |  |  | 2.10 |
HELOC | 115,092 |  |  | 114,059 |  |  | 452 |  |  | 100 |  |  | 481 |  |  | 1,033 |  |  | 0.90 |
Consumer | 67,509 |  |  | 65,434 |  |  | 1,191 |  |  | 446 |  |  | 437 |  |  | 2,074 |  |  | 3.07 |
| $ | 8,128,845 |  |  | $ | 7,849,623 |  |  | $ | 59,026 |  |  | $ | 25,577 |  |  | $ | 194,619 |  |  | $ | 279,222 |  |  | 3.43 |
Recently, most loans restructured in troubled debt restructurings ("TDRs") are accruing and performing loans where the borrower has proactively approached the Company about modification due to temporary financial difficulties. Each request is individually evaluated for merit and likelihood of success. The concession for these loans is typically a payment reduction through a rate reduction of between 100 to 200 basis points for a specific term, usually six to twelve months. Interest-only payments may also be approved during the modification period. Principal forgiveness is not an available option for restructured loans. As of March 31, 2012, single-family residential loans comprised 82.6% of TDRs. The Company reserves for restructured loans within its allowance for loan loss methodology by taking into account the following performance indicators: 1) time since modification, 2) current payment status and 3) geographic area. The following tables provide information related to loans that were restructured during the periods indicated:
| Quarter Ended March 31,
| 2012 |  | 2011
|  |  | Pre-Modification |  | Post-Modification |  |  |  | Pre-Modification |  | Post-Modification
|  |  | Outstanding |  | Outstanding |  |  |  | Outstanding |  | Outstanding
| Number of |  | Recorded |  | Recorded |  | Number of |  | Recorded |  | Recorded
| Contracts |  | Investment |  | Investment |  | Contracts |  | Investment |  | Investment
|  |  | (In thousands) |  |  |  | (In thousands)
Troubled Debt Restructurings: |  |  |  |  |  |  |  |  |  |  |
Single-Family Residential | 312 |  |  | $ | 68,460 |  |  | $ | 68,460 |  |  | 26 |  |  | $ | 7,019 |  |  | $ | 7,019 |
Construction - Speculative | 12 |  |  | 4,049 |  |  | 4,049 |  |  | — |  |  | — |  |  | — |
Construction - Custom | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - Acquisition & Development | 4 |  |  | 1,823 |  |  | 1,823 |  |  | — |  |  | — |  |  | — |
Land - Consumer Lot Loans | 14 |  |  | 2,116 |  |  | 2,116 |  |  | 3 |  |  | 498 |  |  | 498 |
Multi-Family | 2 |  |  | 1,871 |  |  | 1,871 |  |  | 2 |  |  | 951 |  |  | 951 |
Commercial Real Estate | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial & Industrial | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
HELOC | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| 344 |  |  | $ | 78,319 |  |  | $ | 78,319 |  |  | 31 |  |  | $ | 8,468 |  |  | $ | 8,468 |
| Six Months Ended March 31,
| 2012 |  | 2011
|  |  | Pre-Modification |  | Post-Modification |  |  |  | Pre-Modification |  | Post-Modification
|  |  | Outstanding |  | Outstanding |  |  |  | Outstanding |  | Outstanding
| Number of |  | Recorded |  | Recorded |  | Number of |  | Recorded |  | Recorded
| Contracts |  | Investment |  | Investment |  | Contracts |  | Investment |  | Investment
|  |  | (In thousands) |  |  |  | (In thousands)
Troubled Debt Restructurings: |  |  |  |  |  |  |  |  |  |  |
Single-Family Residential | 491 |  |  | $ | 121,145 |  |  | $ | 121,145 |  |  | 165 |  |  | $ | 46,488 |  |  | $ | 46,488 |
Construction - Speculative | 23 |  |  | 7,428 |  |  | 7,428 |  |  | — |  |  | — |  |  | — |
Construction - Custom | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - Acquisition & Development | 26 |  |  | 6,173 |  |  | 6,173 |  |  | — |  |  | — |  |  | — |
Land - Consumer Lot Loans | 25 |  |  | 3,824 |  |  | 3,824 |  |  | 13 |  |  | 2,636 |  |  | 2,636 |
Multi-Family | 2 |  |  | 1,871 |  |  | 1,871 |  |  | 6 |  |  | 8,182 |  |  | 8,182 |
Commercial Real Estate | 1 |  |  | 308 |  |  | 308 |  |  | — |  |  | — |  |  | — |
Commercial & Industrial | 1 |  |  | 4 |  |  | 4 |  |  | — |  |  | — |  |  | — |
HELOC | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| 569 |  |  | $ | 140,753 |  |  | $ | 140,753 |  |  | 184 |  |  | $ | 57,306 |  |  | $ | 57,306 |
The following tables provide information on restructured loans for which a payment default occurred during the periods indicated and that had been modified as a TDR within 12 months or less of the payment default:
| Quarter Ended March 31,
| 2012 |  | 2011
| Number of |  | Recorded |  | Number of |  | Recorded
| Contracts |  | Investment |  | Contracts |  | Investment
|  |  | (In thousands) |  |  |  | (In thousands)
Troubled Debt Restructurings That Subsequently Defaulted: |  |  |  |  |  |  |
Single-Family Residential | 108 |  |  | $ | 20,419 |  |  | 47 |  |  | $ | 11,801 |
Construction - Speculative | — |  |  | — |  |  | — |  |  | — |
Construction - Custom | — |  |  | — |  |  | — |  |  | — |
Land - Acquisition & Development | — |  |  | — |  |  | — |  |  | — |
Land - Consumer Lot Loans | 5 |  |  | 865 |  |  | 3 |  |  | 710 |
Multi-Family | — |  |  | — |  |  | 2 |  |  | 6,613 |
Commercial Real Estate | — |  |  | — |  |  | 1 |  |  | 222 |
Commercial & Industrial | — |  |  | — |  |  | — |  |  | — |
HELOC | — |  |  | — |  |  | — |  |  | — |
Consumer | — |  |  | — |  |  | — |  |  | — |
| 113 |  |  | $ | 21,284 |  |  | 53 |  |  | $ | 19,346 |
| Six Months Ended March 31,
| 2012 |  | 2011
| Number of |  | Recorded |  | Number of |  | Recorded
| Contracts |  | Investment |  | Contracts |  | Investment
|  |  | (In thousands) |  |  |  | (In thousands)
Troubled Debt Restructurings That Subsequently Defaulted: |  |  |  |  |  |  |
Single-Family Residential | 125 |  |  | $ | 24,783 |  |  | 87 |  |  | $ | 19,763 |
Construction - Speculative | — |  |  | — |  |  | — |  |  | — |
Construction - Custom | — |  |  | — |  |  | — |  |  | — |
Land - Acquisition & Development | — |  |  | — |  |  | 1 |  |  | 4,505 |
Land - Consumer Lot Loans | 7 |  |  | 1,312 |  |  | 4 |  |  | 831 |
Multi-Family | — |  |  | — |  |  | 2 |  |  | 6,613 |
Commercial Real Estate | — |  |  | — |  |  | 1 |  |  | 222 |
Commercial & Industrial | — |  |  | — |  |  | — |  |  | — |
HELOC | — |  |  | — |  |  | — |  |  | — |
Consumer | — |  |  | — |  |  | — |  |  | — |
| 132 |  |  | $ | 26,095 |  |  | 95 |  |  | $ | 31,934 |

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- Definition The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5066-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 01-6 -Paragraph 13 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5162-111524 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 4 -Section 08 -Paragraph k Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5074-111524 + Details
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