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Allowance for Losses on Loans (Tables) | 12 Months Ended
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Sep. 30, 2013
Receivables [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, 2013 and 2012:
September 30, 2013 | Beginning Allowance |  | Charge-offs |  | Recoveries |  | Provision & Transfers |  | Ending Allowance
| (In thousands)
Single-family residential | $ | 81,815 |  |  | $ | (20,947 | ) |  | $ | 9,416 |  |  | $ | (6,100 | ) |  | $ | 64,184 |
Construction - speculative | 12,060 |  |  | (1,446 | ) |  | 501 |  |  | (2,708 | ) |  | 8,407 |
Construction - custom | 347 |  |  | (481 | ) |  | — |  |  | 1,016 |  |  | 882 |
Land - acquisition & development | 15,598 |  |  | (3,983 | ) |  | 4,105 |  |  | (6,555 | ) |  | 9,165 |
Land - consumer lot loans | 4,937 |  |  | (1,363 | ) |  | 40 |  |  | (62 | ) |  | 3,552 |
Multi-family | 5,280 |  |  | (1,043 | ) |  | 171 |  |  | (592 | ) |  | 3,816 |
Commercial real estate | 1,956 |  |  | (747 | ) |  | 17 |  |  | 4,369 |  |  | 5,595 |
Commercial & industrial | 7,626 |  |  | (1,145 | ) |  | 95 |  |  | 10,038 |  |  | 16,614 |
HELOC | 965 |  |  | (163 | ) |  | — |  |  | 200 |  |  | 1,002 |
Consumer | 2,563 |  |  | (2,783 | ) |  | 2,000 |  |  | 1,744 |  |  | 3,524 |
| $ | 133,147 |  |  | $ | (34,101 | ) |  | $ | 16,345 |  |  | $ | 1,350 |  |  | $ | 116,741 |
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 |
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, 2013 and 2012:
September 30, 2013 | 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 | $ | 64,184 |  |  | $ | 5,262,159 |  |  | 1.2 | % |  | $ | — |  |  | $ | 96,989 |  |  | — | %
Construction - speculative | 7,307 |  |  | 115,554 |  |  | 6.3 |  |  | 1,100 |  |  | 15,224 |  |  | 7.2 |
Construction - custom | 882 |  |  | 302,722 |  |  | 0.3 |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 6,943 |  |  | 67,521 |  |  | 10.3 |  |  | 2,222 |  |  | 10,254 |  |  | 21.7 |
Land - consumer lot loans | 3,506 |  |  | 107,216 |  |  | 3.3 |  |  | 46 |  |  | 14,455 |  |  | 0.3 |
Multi-family | 3,711 |  |  | 824,279 |  |  | 0.5 |  |  | 105 |  |  | 7,405 |  |  | 1.4 |
Commercial real estate | 5,595 |  |  | 400,789 |  |  | 1.4 |  |  | — |  |  | 14,172 |  |  | — |
Commercial & industrial | 16,614 |  |  | 256,954 |  |  | 6.5 |  |  | — |  |  | 48 |  |  | — |
HELOC | 1,002 |  |  | 111,169 |  |  | 0.9 |  |  | — |  |  | 1,017 |  |  | — |
Consumer | 3,524 |  |  | 47,141 |  |  | 7.5 |  |  | — |  |  | — |  |  | — |
| $ | 113,268 |  |  | $ | 7,495,504 |  |  | 1.5 | % |  | $ | 3,473 |  |  | $ | 159,564 |  |  | 2.2 | %
___________________
(1) | Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans
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 acquired loans and 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, 2013 and 2012:
September 30, 2013 | Internally Assigned Grade |  | Total
| Pass |  | Special mention |  | Substandard |  | Doubtful |  | Loss |  | Gross Loans
| (In thousands)
Non-acquired loans |  |  |  |  |  |  |  |  |  |  |
Single-family residential | $ | 5,184,101 |  |  | $ | 4,595 |  |  | $ | 170,453 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,359,149 |
Construction - speculative | 99,436 |  |  | 3,199 |  |  | 28,143 |  |  | — |  |  | — |  |  | 130,778 |
Construction - custom | 302,722 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 302,722 |
Land - acquisition & development | 64,355 |  |  | 775 |  |  | 12,645 |  |  | — |  |  | — |  |  | 77,775 |
Land - consumer lot loans | 121,039 |  |  | — |  |  | 632 |  |  | — |  |  | — |  |  | 121,671 |
Multi-family | 819,911 |  |  | 2,114 |  |  | 9,659 |  |  | — |  |  | — |  |  | 831,684 |
Commercial real estate | 373,012 |  |  | 21,652 |  |  | 20,297 |  |  | — |  |  | — |  |  | 414,961 |
Commercial & industrial | 240,441 |  |  | 1,049 |  |  | 1,709 |  |  | — |  |  | — |  |  | 243,199 |
HELOC | 112,186 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 112,186 |
Consumer | 46,720 |  |  | — |  |  | 421 |  |  | — |  |  | — |  |  | 47,141 |
| $ | 7,363,923 |  |  | $ | 33,384 |  |  | $ | 243,959 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,641,266 |
Acquired loans |  |  |  |  |  |  |  |  |  |  |
Single-family residential | $ | 14,468 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 14,468 |
Construction - speculative | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction - custom | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 312 |  |  | — |  |  | 1,177 |  |  | — |  |  | — |  |  | 1,489 |
Land - consumer lot loans | 3,313 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,313 |
Multi-family | 3,227 |  |  | — |  |  | 687 |  |  | — |  |  | — |  |  | 3,914 |
Commercial real estate | 105,055 |  |  | 4,190 |  |  | 24,178 |  |  | — |  |  | — |  |  | 133,423 |
Commercial & industrial | 64,933 |  |  | 1,309 |  |  | 9,084 |  |  | — |  |  | — |  |  | 75,326 |
HELOC | 10,179 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,179 |
Consumer | 8,267 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,267 |
| $ | 209,754 |  |  | $ | 5,499 |  |  | $ | 35,126 |  |  | $ | — |  |  | $ | — |  |  | $ | 250,379 |
Credit impaired acquired loans |  |  |  |  |  |  |  |  |  |  |
Pool 1 - Construction and land A&D | $ | 980 |  |  | $ | 461 |  |  | $ | 955 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,396 |
Pool 2 - Single-family residential | 333 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 333 |
Pool 3 - Multi-family | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Pool 4 - HELOC & other consumer | 11,337 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,337 |
Pool 5 - Commercial real estate | 52,509 |  |  | 3,155 |  |  | 21,245 |  |  | — |  |  | — |  |  | 76,909 |
Pool 6 - Commercial & industrial | 881 |  |  | — |  |  | 7,044 |  |  | — |  |  | — |  |  | 7,925 |
Total credit impaired acquired loans | $ | 66,040 |  |  | $ | 3,616 |  |  | $ | 29,244 |  |  | $ | — |  |  | $ | — |  |  | $ | 98,900 |
Total gross loans | $ | 7,639,717 |  |  | $ | 42,499 |  |  | $ | 308,329 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,990,545 |
Total grade as a % of total gross loans | 95.6 | % |  | 0.5 | % |  | 3.9 | % |  | — | % |  | — | % |  |
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 |
Acquired loans |  |  |  |  |  |  |  |  |  |  |
Single-family residential | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Construction - speculative | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction - custom | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - consumer lot loans | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Multi-family | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial real estate | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial & industrial | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
HELOC | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Consumer | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
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 | % |  | — | % |  | — | % |  |
The following tables provide information on covered loans based on credit quality indicators (defined in Note A) as of September 30, 2013:
| Internally Assigned Grade |  | Total Net Loans
| Pass |  | Special mention |  | Substandard |  | Doubtful |  | Loss |
| (In thousands)
Purchased non-credit impaired loans: |  |  |  |  |  |  |  |  |  |  |
Single-family residential | $ | 26,426 |  |  | $ | — |  |  | $ | 2,034 |  |  | $ | — |  |  | $ | — |  |  | $ | 28,460 |
Construction - speculative | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction - custom | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 3,069 |  |  | 1,019 |  |  | 722 |  |  | — |  |  | — |  |  | 4,810 |
Land - consumer lot loans | 245 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 245 |
Multi-family | 17,217 |  |  | — |  |  | 1,635 |  |  | — |  |  | — |  |  | 18,852 |
Commercial real estate | 56,120 |  |  | 9,235 |  |  | 24,144 |  |  | — |  |  | — |  |  | 89,499 |
Commercial & industrial | 5,175 |  |  | 500 |  |  | 3,741 |  |  | — |  |  | — |  |  | 9,416 |
HELOC | 14,750 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 14,750 |
Consumer | 604 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 604 |
| 123,606 |  |  | 10,754 |  |  | 32,276 |  |  | — |  |  | — |  |  | 166,636 |
Total grade as a % of total net loans | 74.2 | % |  | 6.4 | % |  | 19.4 | % |  | — | % |  | — | % |  |
Purchased credit impaired loans: |  |  |  |  |  |  |  |
Pool 1 - Construction and land A&D | 14,361 |  |  | 4,296 |  |  | 25,363 |  |  | — |  |  | — |  |  | 44,020 |
Pool 2 - Single-family residential | 21,541 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 21,541 |
Pool 3 - Multi-family | 4,131 |  |  | — |  |  | 1,100 |  |  | — |  |  | — |  |  | 5,231 |
Pool 4 - HELOC & other consumer | 4,111 |  |  | — |  |  | 1,880 |  |  | — |  |  | — |  |  | 5,991 |
Pool 5 - Commercial real estate | 36,494 |  |  | 15,113 |  |  | 53,946 |  |  | — |  |  | — |  |  | 105,553 |
Pool 6 - Commercial & industrial | 4,265 |  |  | 204 |  |  | 8,807 |  |  | — |  |  | — |  |  | 13,276 |
| $ | 84,903 |  |  | $ | 19,613 |  |  | $ | 91,096 |  |  | $ | — |  |  | $ | — |  |  | $ | 195,612 |
|  |  |  |  |  |  |  |  | Total covered loans |  | 362,248 |
|  |  |  |  |  |  |  |  | Discount |  | (66,301 | )
|  |  |  |  |  |  |  |  | Allowance |  | $ | — |
|  |  |  |  |  |  |  |  | Covered loans, net |  | $ | 295,947 |
Schedule of Credit Risk Profile by Payment Activity | The following tables provide information on non-acquired loans based on payment activity as of September 30, 2013 and 2012:
September 30, 2013 | Performing Loans |  | Non-Performing Loans
| Amount |  | % of Total Gross Loans |  | Amount |  | % of Total Gross Loans
| (In thousands) |  |  |  | (In thousands) |  |
Single-family residential | $ | 5,258,688 |  |  | 98.1 | % |  | $ | 100,460 |  |  | 1.9 | %
Construction - speculative | 126,218 |  |  | 96.5 |  |  | 4,560 |  |  | 3.5 |
Construction - custom | 302,722 |  |  | 100.0 |  |  | — |  |  | — |
Land - acquisition & development | 74,872 |  |  | 96.3 |  |  | 2,903 |  |  | 3.7 |
Land - consumer lot loans | 118,334 |  |  | 97.3 |  |  | 3,337 |  |  | 2.7 |
Multi-family | 825,111 |  |  | 99.2 |  |  | 6,573 |  |  | 0.8 |
Commercial real estate | 389,423 |  |  | 97.1 |  |  | 11,736 |  |  | 2.9 |
Commercial & industrial | 256,525 |  |  | 99.8 |  |  | 477 |  |  | 0.2 |
HELOC | 111,923 |  |  | 99.8 |  |  | 263 |  |  | 0.2 |
Consumer | 46,151 |  |  | 97.9 |  |  | 990 |  |  | 2.1 |
| $ | 7,509,967 |  |  | 98.3 | % |  | $ | 131,299 |  |  | 1.7 | %
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 | %
Summary of impaired loans based on type | The following tables provide information on impaired loans based on loan types as of September 30, 2013 and 2012:
September 30, 2013 | Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance |  | Average Recorded Investment
| (In thousands)
With no related allowance recorded: |  |  |  |  |  |  |
Single-family residential | $ | 33,883 |  |  | $ | 38,928 |  |  | $ | — |  |  | $ | 21,458 |
Construction - speculative | 3,891 |  |  | 4,099 |  |  | — |  |  | 3,339 |
Construction - custom | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 3,020 |  |  | 10,705 |  |  | — |  |  | 2,548 |
Land - consumer lot loans | 3,186 |  |  | 3,376 |  |  | — |  |  | 1,839 |
Multi-family | 4,929 |  |  | 4,929 |  |  | — |  |  | 1,734 |
Commercial real estate | 23,537 |  |  | 31,876 |  |  | — |  |  | 9,651 |
Commercial & industrial | 7,279 |  |  | 31,197 |  |  | — |  |  | 3,123 |
HELOC | 446 |  |  | 946 |  |  | — |  |  | 133 |
Consumer | 601 |  |  | 618 |  |  | — |  |  | 127 |
| 80,772 |  |  | 126,674 |  |  | — |  |  | 43,952 |
With an allowance recorded: |  |  |  |  |  |  |
Single-family residential | 335,140 |  |  | 341,910 |  |  | 15,137 |  |  | 330,407 |
Construction - speculative | 8,892 |  |  | 9,342 |  |  | 1,100 |  |  | 12,362 |
Construction - custom | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 2,598 |  |  | 4,002 |  |  | — |  |  | 8,315 |
Land - consumer lot loans | 12,631 |  |  | 13,014 |  |  | 2,222 |  |  | 12,301 |
Multi-family | 5,958 |  |  | 6,178 |  |  | 46 |  |  | 7,731 |
Commercial real estate | 7,539 |  |  | 8,476 |  |  | 105 |  |  | 9,321 |
Commercial & industrial | 56 |  |  | 56 |  |  | — |  |  | 11 |
HELOC | 938 |  |  | 938 |  |  | — |  |  | 858 |
Consumer | 33 |  |  | 33 |  |  | — |  |  | 9 |
| 373,785 |  |  | 383,949 |  |  | 18,610 |  | (1) | 381,315 |
Total: |  |  |  |  |  |  |
Single-family residential | 369,023 |  |  | 380,838 |  |  | 15,137 |  |  | 351,865 |
Construction - speculative | 12,783 |  |  | 13,441 |  |  | 1,100 |  |  | 15,701 |
Construction - custom | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 5,618 |  |  | 14,707 |  |  | — |  |  | 10,863 |
Land - consumer lot loans | 15,817 |  |  | 16,390 |  |  | 2,222 |  |  | 14,140 |
Multi-family | 10,887 |  |  | 11,107 |  |  | 46 |  |  | 9,465 |
Commercial real estate | 31,076 |  |  | 40,352 |  |  | 105 |  |  | 18,972 |
Commercial & industrial | 7,335 |  |  | 31,253 |  |  | — |  |  | 3,134 |
HELOC | 1,384 |  |  | 1,884 |  |  | — |  |  | 991 |
Consumer | 634 |  |  | 651 |  |  | — |  |  | 136 |
| $ | 454,557 |  |  | $ | 510,623 |  |  | $ | 18,610 |  | (1) | $ | 425,267 |
____________________
(1) | Includes $3,473,000 of specific reserves and $15,137,000 included in the general reserves.
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.

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