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Covered Assets (Tables)

6 Months Ended

Mar. 31, 2013

Covered Assets [Abstract]

Schedule of Changes in Carrying Amount and Accretable Yield of Assets

Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans for the year to date period ended March 31, 2013 and the fiscal year ended September 30, 2012 were as follows:

March 31, 2013	Acquired Impaired								Acquired Non-impaired
	Accretable Yield				Carrying Amount of Loans				Accretable Yield				Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	50,902			$	74,953			$	23,789			$	213,423
Additions (1)	43,299				107,946				—				—
Accretion	(18,463		)		18,463				(3,543		)		3,543
Transfers to REO	—				(7,403		)		—				—
Payments received, net	—				(21,828		)		—				(33,582		)
Balance at end of period	$	75,738			$	172,131			$	20,246			$	183,384
(1) includes FDIC covered loans which were acquired as part of the South Valley acquisition.

September 30, 2012	Acquired Impaired								Acquired Non-impaired
	Accretable Yield				Carrying Amount of Loans				Accretable Yield				Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	37,072			$	116,061			$	30,370			$	269,888
Reclassification from nonaccretable balance, net	34,690				—				—				—
Accretion	(20,860		)		20,860				(6,581		)		6,581
Transfers to REO	—				(15,905		)		—				—
Payments received, net	—				(46,063		)		—				(63,046		)
Balance at end of period	$	50,902			$	74,953			$	23,789			$	213,423

Schedule of Activity for FDIC Indemnification Asset

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

	March 31, 2013				September 30, 2012
	(In thousands)
Balance at beginning of period	$	87,571			$	101,634
Additions (1)	17,373				3,284
Payments made (received)	(11,668		)		(3,456		)
Amortization	(13,451		)		(15,510		)
Accretion	566				1,619
Balance at end of period	$	80,391			$	87,571
(1) includes FDIC covered loans which were acquired as part of the South Valley acquisition.

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 March 31, 2013 and September 30, 2012:

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

March 31, 2013	Internally Assigned Grade																				Total
	Pass				Special mention				Substandard				Doubtful				Loss				Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,210,626			$	1,742			$	162,609			$	—			$	—			$	5,374,977
Construction - speculative	94,497				362				25,758				—				—				120,617
Construction - custom	217,036				—				—				—				—				217,036
Land - acquisition & development	64,282				840				28,374				—				—				93,496
Land - consumer lot loans	129,175				123				758				—				—				130,056
Multi-family	707,869				1,886				15,567				—				—				725,322
Commercial real estate	341,175				13,016				31,396				—				—				385,587
Commercial & industrial	186,296				1,391				2,702				—				209				190,598
HELOC	111,622				—				—				—				—				111,622
Consumer	53,359				411				186				—				—				53,956
	7,115,937				19,771				267,350				—				209				7,403,267
Acquired loans
Single-family residential	15,428				—				—				—				—				15,428
Construction - speculative	—				—				177				—				—				177
Construction - custom	313				—				—				—				—				313
Land - acquisition & development	2,198				—				1,238				—				—				3,436
Land - consumer lot loans	3,800				—				19				—				—				3,819
Multi-family	3,349				—				4,365				—				—				7,714
Commercial real estate	137,416				4,832				34,853				—				—				177,101
Commercial & industrial	80,507				1,379				14,115				254				—				96,255
HELOC	13,094				—				—				—				—				13,094
Consumer	10,046				—				—				—				—				10,046
	266,151				6,211				54,767				254				—				327,383
Credit impaired acquired loans
Pool 1 - Construction and land A&D	1,513				484				2,330				—				—				4,327
Pool 2 - Single-family residential	338				—				—				—				—				338
Pool 3 - Multi-family	—				—				—				—				—				—
Pool 4 - HELOC & other consumer	12,838				—				—				—				—				12,838
Pool 5 - Commercial real estate	52,254				1,014				25,651				949				—				79,868
Pool 6 - Commercial & industrial	1,018				195				499				379				—				2,091
Total credit impaired acquired loans	67,961				1,693				28,480				1,328				—				99,462
Total gross loans	$	7,450,049			$	27,675			$	350,597			$	1,582			$	209			$	7,830,112
Total grade as a % of total gross loans	95.1		%		0.4		%		4.5		%		—		%		—		%

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		%		—		%		—		%

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

March 31, 2013	Performing Loans							Non-Performing Loans
	Amount				% of Total Gross  Loans			Amount				% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,266,407			98.0	%		$	108,570			2.0	%
Construction - speculative	111,146				92.1			9,471				7.9
Construction - custom	216,997				100.0			39				—
Land - acquisition & development	79,178				84.7			14,318				15.3
Land - consumer lot loans	126,032				96.9			4,024				3.1
Multi-family	717,415				98.9			7,907				1.1
Commercial real estate	368,629				95.6			16,958				4.4
Commercial & industrial	189,611				99.5			987				0.5
HELOC	111,133				99.6			489				0.4
Consumer	53,603				99.3			353				0.7
	$	7,240,151			97.8			$	163,116			2.2

September 30, 2012	Performing Loans							Non-Performing Loans
	Amount				% of Total Gross  Loans			Amount				% of Total Gross  Loans
	(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	%

The following tables provide information on covered loans based on credit quality indicators (defined in Note A) as of March 31, 2013 and September 30, 2012:

Credit Risk Profile by Internally Assigned Grade:

March 31, 2013	Internally Assigned Grade																				Total Net  Loans
	Pass				Special mention				Substandard				Doubtful				Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	30,319			$	—			$	2,827			$	—			$	—			$	33,146
Construction - speculative	102				—				—				—				—				102
Construction - custom	—				—				—				—				—				—
Land - acquisition & development	3,056				1,289				5,837				—				—				10,182
Land - consumer lot loans	440				—				—				—				—				440
Multi-family	23,286				—				1,224				—				—				24,510
Commercial real estate	59,863				9,725				30,140				—				—				99,728
Commercial & industrial	6,527				500				3,996				—				—				11,023
HELOC	15,315				—				—				—				—				15,315
Consumer	680				—				—				—				—				680
	139,588				11,514				44,024				—				—				195,126
Total grade as a % of total net loans	71.5		%		5.9		%		22.6		%		—		%		—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	11,674				4,298				36,623				—				—				52,595
Pool 2 - Single-family residential	24,290				—				1,045				—				—				25,335
Pool 3 - Multi-family	1,251				—				4,549				—				—				5,800
Pool 4 - HELOC & other consumer	4,096				—				3,531				—				—				7,627
Pool 5 - Commercial real estate	34,518				16,691				76,158				—				—				127,367
Pool 6 - Commercial & industrial	8,173				499				12,731				280				—				21,683
	$	84,002			$	21,488			$	134,637			$	280			$	—			240,407
																	Total covered loans				435,533
																	Discount				(80,018		)
																	Allowance				—
																	Covered loans, net				$	355,515

September 30, 2012	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 tables provide an analysis of the age of purchased non credit-impaired loans in past due status for the periods ended March 31, 2013 and September 30, 2012:

March 31, 2013	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
Single-Family Residential	$	33,146			$	32,414			$	148			$	—			$	584			$	732			2.21	%
Construction - Speculative	102				102				—				—				—				—				NM
Construction - Custom	—				—				—				—				—				—				NM
Land - Acquisition & Development	10,182				10,145				—				—				37				37				0.36
Land - Consumer Lot Loans	440				342				—				—				98				98				22.27
Multi-Family	24,510				24,310				—				—				200				200				0.82
Commercial Real Estate	99,728				95,069				2,651				—				2,008				4,659				4.67
Commercial & Industrial	11,023				7,608				—				—				3,415				3,415				30.98
HELOC	15,315				15,080				59				—				176				235				1.53
Consumer	680				680				—				—				—				—				—
	$	195,126			$	185,750			$	2,858			$	—			$	6,518			$	9,376			4.81	%

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
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				2.20
	$	228,843			$	212,210			$	2,189			$	4,567			$	9,877			$	16,633			7.27	%

NM - not meaningful

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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

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

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