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Loans Receivable (excluding Covered Loans) (Tables)

9 Months Ended

Jun. 30, 2013

Loans Receivable [Abstract]

Schedule of Loans Receivable (excluding Covered Loans)

	June 30, 2013							September 30, 2012
	(In thousands)
Non-acquired loans
Single-family residential	$	5,253,604			67.6	%		$	5,778,922			73.5	%
Construction - speculative	116,363				1.5			129,637				1.6
Construction - custom	237,952				3.1			211,690				2.7
Land - acquisition & development	85,248				1.1			124,677				1.6
Land - consumer lot loans	128,745				1.7			141,844				1.8
Multi-family	741,870				9.5			710,140				9.0
Commercial real estate	398,130				5.1			319,210				4.1
Commercial & industrial	239,469				3.1			162,823				2.1
HELOC	111,418				1.4			112,902				1.4
Consumer	51,515				0.7			63,374				0.8
Total non-acquired loans	7,364,314				94.8			7,755,219				98.6
Acquired loans
Single-family residential	15,354				0.2			—				—
Construction - speculative	—				—			—				—
Construction - custom	—				—			—				—
Land - acquisition & development	3,720				—			—				—
Land - consumer lot loans	3,615				0.1			—				—
Multi-family	7,383				0.1			—				—
Commercial real estate	162,724				2.1			—				—
Commercial & industrial	88,768				1.1			—				—
HELOC	11,466				0.1			—				—
Consumer	9,035				0.1			—				—
Total acquired loans	302,065				3.8			—				—
Credit-impaired acquired loans
Single-family residential	335				—			342				—
Construction - speculative	—				—			1,889				—
Land - acquisition & development	2,484				—			3,702				0.1
Multi-family	—				—			601				—
Commercial real estate	78,519				1.1			87,154				1.1
Commercial & industrial	8,606				0.1			3,292				—
HELOC	12,015				0.2			14,040				0.2
Consumer	79				—			97				—
Total credit-impaired acquired loans	102,038				1.4			111,117				1.4
Total loans
Single-family residential	5,269,293				67.8			5,779,264				73.5
Construction - speculative	116,363				1.5			131,526				1.6
Construction - custom	237,952				3.1			211,690				2.7
Land - acquisition & development	91,452				1.1			128,379				1.7
Land - consumer lot loans	132,360				1.8			141,844				1.8
Multi-family	749,253				9.6			710,741				9
Commercial real estate	639,373				8.3			406,364				5.2
Commercial & industrial	336,843				4.3			166,115				2.1

HELOC	134,899				1.7			126,942				1.6
Consumer	60,629				0.8			63,471				0.8
Total loans	7,768,417				100	%		7,866,336				100	%
Less:
Allowance for probable losses	118,104							133,147
Loans in process	189,677							213,286
Discount on acquired loans	37,568							33,484
Deferred net origination fees	32,562							34,421
	377,911							414,338
	$	7,390,506						$	7,451,998

Schedule of Changes in the Accretable Yield for Credit Impaired Acquired Loans

Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans for the nine months ended June 30, 2013 and the fiscal year ended September 30, 2012 were as follows:

June 30, 2013	Credit impaired acquired loans								Acquired Non-impaired
	Accretable Yield				Carrying Amount of Loans				Accretable Yield				Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	16,928			$	77,613			$	—			$	—
Reclassification from nonaccretable balance, net (1)	30,026
Additions (2)	614				9,865				10,804				351,335
Accretion	(7,131		)		7,131				(297		)		297
Transfers to REO	—				(3,704		)		—				(3,475		)
Payments received, net	—				(19,432		)		—				(53,165		)
Balance as of end of period	$	40,437			$	71,473			$	10,507			$	294,992
(1) reclassification due to improvements in expected cash flows of the underlying loans.
(2) includes acquired loans which were acquired as part of the South Valley acquisition.

September 30, 2012	Credit impaired acquired loans								Acquired Non-impaired
	Accretable Yield				Carrying Amount of Loans				Accretable Yield				Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	—			$	—			$	—			$	—
Additions (1)	21,384				93,691				—				—
Accretion	(4,456		)		4,456				—				—
Transfers to REO	—				(2,616		)		—				—
Payments received, net	—				(17,918		)		—				—
Balance as of end of period	$	16,928			$	77,613			$	—			$	—
(1) includes acquired impaired loans which were acquired as part of the WNB acquisition.

Summary of Information Regarding Non-Accrual Loans

The following table sets forth information regarding non-accrual loans held by the Company as of the dates indicated:

	June 30, 2013							September 30, 2012
	(In thousands)
Non-accrual loans:
Single-family residential	$	104,252			70.1	%		$	131,193			75.7	%
Construction - speculative	3,776				2.5			10,634				6.1
Construction - custom	—				—			539				0.3
Land - acquisition & development	9,586				6.4			13,477				7.8
Land - consumer lot loans	3,712				2.5			5,149				3.0
Multi-family	6,653				4.5			4,185				2.4
Commercial real estate	14,348				9.7			7,653				4.4
Commercial & industrial	5,072				3.4			16				—
HELOC	871				0.6			198				0.1
Consumer	385				0.3			383				0.2
Total non-accrual loans	$	148,655			100	%		$	173,427			100	%

Analysis of Age of Loans in Past Due Status

The following tables provide an analysis of the age of loans in past due status as of June 30, 2013 and September 30, 2012, respectively.

June 30, 2013	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	$	5,250,621			$	5,127,074			$	26,315			$	14,354			$	82,878			$	123,547			2.35	%
Construction - Speculative	78,505				75,506				1,042				—				1,957				2,999				3.82
Construction - Custom	127,978				127,738				240				—				—				240				0.19
Land - Acquisition & Development	80,994				73,252				797				—				6,945				7,742				9.56
Land - Consumer Lot Loans	128,571				124,284				588				195				3,504				4,287				3.33
Multi-Family	716,299				714,161				—				539				1,599				2,138				0.30
Commercial Real Estate	389,348				384,193				1,277				70				3,808				5,155				1.32
Commercial & Industrial	239,456				239,440				—				—				16				16				0.01
HELOC	111,419				110,324				820				69				206				1,095				0.98
Consumer	51,516				49,268				938				959				351				2,248				4.36
Total non-acquired loans	7,174,707				7,025,240				32,017				16,186				101,264				149,467				2.08	%
Acquired loans
Single-Family Residential	15,354				15,291				$	5			15				43				63				0.41	%
Construction - Speculative	—				—				—				—				—				—				—
Construction - Custom	—				—				—				—				—				—				—
Land - Acquisition & Development	3,720				2,783				412				1				524				937				25.19
Land - Consumer Lot Loans	3,614				3,095				311				—				208				519				14.36
Multi-Family	7,383				3,569				509				—				3,305				3,814				51.66
Commercial Real Estate	162,689				155,178				1,059				2,560				3,892				7,511				4.62
Commercial & Industrial	88,746				88,028				453				265				—				718				0.81
HELOC	11,465				10,619				140				131				575				846				7.38
Consumer	9,035				8,899				83				19				34				136				1.51
Total acquired loans	302,006				287,462				2,972				2,991				8,581				14,544				4.82	%
Credit-impaired acquired loans
Single-Family Residential	335				335				—				—				—				—				—	%
Construction - Speculative	—				—				—				—				—				—				—
Construction - Custom	—				—				—				—				—				—				—
Land - Acquisition & Development	2,483				2,483				—				—				—				—				—
Land - Consumer Lot Loans	—				—				—				—				—				—				—
Multi-Family	—				—				—				—				—				—				—
Commercial Real Estate	78,509				75,920				639				173				1,777				2,589				3.30
Commercial & Industrial	8,606				3,320				230				—				5,056				5,286				61.42

HELOC	12,015				11,906				—				19				90				109				0.91
Consumer	79				79				—				—				—				—				—
Total credit-impaired acquired loans	102,027				94,043				869				192				6,923				7,984				7.83	%
Total loans	$	7,578,740			$	7,406,745			$	35,858			$	19,369			$	116,768			$	171,995			2.27	%

September 30, 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)
Single-Family Residential	$	5,776,002			$	5,618,261			$	34,035			$	16,276			$	107,430			$	157,741			2.73	%
Construction - Speculative	88,849				85,785				142				190				2,732				3,064				3.45
Construction - Custom	107,882				107,215				128				—				539				667				0.62
Land - Acquisition & Development	119,192				106,321				853				1,004				11,014				12,871				10.80
Land - Consumer Lot Loans	141,772				134,560				1,688				375				5,149				7,212				5.09
Multi-Family	676,917				672,263				718				67				3,869				4,654				0.69
Commercial Real Estate	292,261				284,427				699				3,153				3,982				7,834				2.68
Commercial & Industrial	162,802				162,778				8				—				16				24				0.01
HELOC	112,902				112,482				158				64				198				420				0.37
Consumer	63,374				61,405				1,155				431				383				1,969				3.11
Total non-acquired loans	$	7,541,953			$	7,345,497			$	39,584			$	21,560			$	135,312			$	196,456			2.60	%
Credit-impaired acquired loans
Single-Family Residential	342				342				—				—				—				—				—	%
Construction - Speculative	1,889				1,889				—				—				—				—				—
Construction - Custom	—				—				—				—				—				—				—
Land - Acquisition & Development	3,702				3,219				365				—				118				483				13.05
Land - Consumer Lot Loans	—				—				—				—				—				—				—
Multi-Family	601				—				601				—				—				601				—
Commercial Real Estate	87,134				78,959				412				2,549				5,214				8,175				9.38
Commercial & Industrial	3,292				3,054				238				—				—				238				7.23
HELOC	14,040				13,950				—				90				—				90				0.64
Consumer	97				95				2				—				—				2				2.06
Total credit-impaired acquired loans	111,097				101,508				1,618				2,639				5,332				9,589				8.63	%
Total loans	$	7,653,050			$	7,447,005			$	41,202			$	24,199			$	140,644			$	206,045			2.69	%

Schedule of Impaired Loans, Loan Commitments and Loans Serviced

The following tables provide information related to loans that were restructured during the periods indicated:

	Quarter Ended June 30,
	2013											2012
				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	111			$	27,619			$	27,619			199			$	43,104			$	43,104
Construction - Speculative	—			—				—				—			—				—
Construction - Custom	—			—				—				1			1,196				1,196
Land - Acquisition & Development	—			—				—				—			—				—
Land - Consumer Lot Loans	4			685				685				8			965				965
Multi-Family	—			—				—				1			389				389
Commercial Real Estate	1			2,411				2,411				2			5,572				5,572
Commercial & Industrial	—			—				—				—			—				—
HELOC	—			—				—				2			113				113
Consumer	1			11				11				—			—				—
	117			$	30,726			$	30,726			213			$	51,339			$	51,339

	Nine Months Ended June 30,
	2013											2012
				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	337			$	88,085			$	88,085			681			$	159,651			$	159,651
Construction - Speculative	1			2,481				2,481				22			6,253				6,253
Construction - Custom	—			—				—				1			1,196				1,196
Land - Acquisition & Development	—			—				—				26			5,565				5,565
Land - Consumer Lot Loans	20			3,027				3,027				30			3,906				3,906
Multi-Family	1			44				44				3			2,257				2,257
Commercial Real Estate	1			2,411				2,411				3			5,881				5,881
Commercial & Industrial	—			—				—				1			2				2
HELOC	1			199				199				2			113				113
Consumer	1			11				11				—			—				—
	362			$	96,258			$	96,258			769			$	184,824			$	184,824

Schedule of Loan Modifications

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 June 30,
	2013							2012
	Number of			Recorded				Number of			Recorded
	Contracts			Investment				Contracts			Investment
	(In thousands)							(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	25			$	6,833			30			$	8,225
Construction - Speculative	—			—				—			—
Construction - Custom	—			—				—			—
Land - Acquisition & Development	—			—				—			—
Land - Consumer Lot Loans	1			109				—			—
Multi-Family	—			—				—			—
Commercial Real Estate	—			—				—			—
Commercial & Industrial	—			—				—			—
HELOC	1			79				—			—
Consumer	—			—				—			—
	27			$	7,021			30			$	8,225

	Nine Months Ended June 30,
	2013							2012
	Number of			Recorded				Number of			Recorded
	Contracts			Investment				Contracts			Investment
	(In thousands)							(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	65			$	15,366			97			$	21,687
Construction - Speculative	—			—				—			—
Construction - Custom	—			—				—			—
Land - Acquisition & Development	1			838				—			—
Land - Consumer Lot Loans	2			237				4			603
Multi-Family	—			—				—			—
Commercial Real Estate	—			—				—			—
Commercial & Industrial	—			—				—			—
HELOC	2			113				—			—
Consumer	—			—				—			—
	70			$	16,554			101			$	22,290

X

- Definition

Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

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-Publisher FASB

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Tabular disclosure of financing receivables and troubled debt restructurings.

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