XML 102 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8

Allowance for Losses on Loans (Tables)

9 Months Ended

Jun. 30, 2013

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 June 30, 2013 and fiscal year ended September 30, 2012:

Quarter Ended June 30, 2013	Beginning Allowance				Charge-offs				Recoveries				Provision & Transfers				Ending Allowance
	(In thousands)
Single-family residential	$	77,422			$	(5,969	)		$	2,081			$	(6,148	)		$	67,386
Construction - speculative	7,757				(124		)		109				(9		)		7,733
Construction - custom	262				(481		)		—				498				279
Land - acquisition & development	12,221				(864		)		489				(462		)		11,384
Land - consumer lot loans	3,941				(212		)		1				245				3,975
Multi-family	4,272				—				156				(1,070		)		3,358
Commercial real estate	4,156				—				3				1,132				5,291
Commercial & industrial	8,628				(23		)		18				5,231				13,854
HELOC	1,031				(24		)		—				(13		)		994
Consumer	3,194				(571		)		631				596				3,850
	$	122,884			$	(8,268	)		$	3,488			$	—			$	118,104

Fiscal Year Ended 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 shows a summary of loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves as of June 30, 2013 and September 30, 2012:

June 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	$	67,386			$	5,159,449			1.3	%		$	—			$	94,155			—	%
Construction - speculative	6,093				96,589				6.3			1,640				19,774				8.3
Construction - custom	279				237,832				0.1			—				120				—
Land - acquisition & development	7,444				66,516				11.2			3,940				18,732				21.0
Land - consumer lot loans	3,664				112,060				3.3			311				16,685				1.9
Multi-family	3,018				733,836				0.4			340				8,034				4.2
Commercial real estate	5,035				383,358				1.3			256				14,772				1.7
Commercial & industrial	13,854				239,407				5.8			—				62				—
HELOC	994				110,322				0.9			—				1,096				—
Consumer	3,850				51,515				7.5			—				—				—
	$	111,617			$	7,190,884			1.6			$	6,487			$	173,430			3.7

 ___________________

(1) Excludes acquired 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 and 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 June 30, 2013 and September 30, 2012:

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

June 30, 2013	Internally Assigned Grade																				Total
	Pass				Special mention				Substandard				Doubtful				Loss				Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,071,745			$	3,134			$	178,725			$	—			$	—			$	5,253,604
Construction - speculative	83,989				771				31,603				—				—				116,363
Construction - custom	237,952				—				—				—				—				237,952
Land - acquisition & development	62,903				819				21,526				—				—				85,248
Land - consumer lot loans	127,867				—				878				—				—				128,745
Multi-family	721,538				1,254				19,078				—				—				741,870
Commercial real estate	361,726				15,312				21,092				—				—				398,130
Commercial & industrial	236,082				916				2,432				—				39				239,469
HELOC	111,418				—				—				—				—				111,418
Consumer	50,747				411				357				—				—				51,515
	7,065,967				22,617				275,691				—				39				7,364,314
Acquired loans
Single-family residential	15,354				—				—				—				—				15,354
Construction - speculative	—				—				—				—				—				—
Construction - custom	—				—				—				—				—				—
Land - acquisition & development	2,164				—				1,556				—				—				3,720
Land - consumer lot loans	3,615				—				—				—				—				3,615
Multi-family	3,389				—				3,994				—				—				7,383
Commercial real estate	129,891				4,097				28,736				—				—				162,724
Commercial & industrial	77,114				1,793				9,851				—				10				88,768
HELOC	11,466				—				—				—				—				11,466
Consumer	9,035				—				—				—				—				9,035
	252,028				5,890				44,137				—				10				302,065
Credit impaired acquired loans
Pool 1 - Construction and land A&D	1,478				473				533				—				—				2,484
Pool 2 - Single-family residential	335				—				—				—				—				335
Pool 3 - Multi-family	—				—				—				—				—				—
Pool 4 - HELOC & other consumer	12,094				—				—				—				—				12,094
Pool 5 - Commercial real estate	51,503				805				25,285				926				—				78,519
Pool 6 - Commercial & industrial	924				3,871				3,451				360				—				8,606
Total credit impaired acquired loans	66,334				5,149				29,269				1,286				—				102,038
Total gross loans	$	7,384,329			$	33,656			$	349,097			$	1,286			$	49			$	7,768,417
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):

June 30, 2013	Performing Loans							Non-Performing Loans
	Amount				% of Total Gross  Loans			Amount				% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,149,352			98.0	%		$	104,252			2.0	%
Construction - speculative	112,587				96.8			3,776				3.2
Construction - custom	237,952				100.0			—				—
Land - acquisition & development	75,662				88.8			9,586				11.2
Land - consumer lot loans	125,033				97.1			3,712				2.9
Multi-family	735,217				99.1			6,653				0.9
Commercial real estate	383,782				96.4			14,348				3.6
Commercial & industrial	234,397				97.9			5,072				2.1
HELOC	110,547				99.2			871				0.8
Consumer	51,130				99.3			385				0.7
	$	7,215,659			98.0			$	148,655			2.0

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 June 30, 2013 and September 30, 2012:

Credit Risk Profile by Internally Assigned Grade:

June 30, 2013	Internally Assigned Grade																				Total Net  Loans
	Pass				Special mention				Substandard				Doubtful				Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	29,323			$	—			$	2,698			$	—			$	—			$	32,021
Construction - speculative	104				—				—				—				—				104
Construction - custom	—				—				—				—				—				—
Land - acquisition & development	2,780				1,203				1,028				—				—				5,011
Land - consumer lot loans	247				—				—				—				—				247
Multi-family	19,026				—				294				—				—				19,320
Commercial real estate	62,600				9,398				19,978				—				—				91,976
Commercial & industrial	5,935				500				3,238				—				—				9,673
HELOC	15,508				—				—				—				—				15,508
Consumer	640				—				—				—				—				640
	136,163				11,101				27,236				—				—				174,500
Total grade as a % of total net loans	78.0		%		6.4		%		15.6		%		—		%		—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	14,818				4,297				26,955				—				—				46,070
Pool 2 - Single-family residential	22,198				—				340				—				—				22,538
Pool 3 - Multi-family	1,239				—				4,496				—				—				5,735
Pool 4 - HELOC & other consumer	4,331				—				2,034				—				—				6,365
Pool 5 - Commercial real estate	37,083				15,205				58,800				—				—				111,088
Pool 6 - Commercial & industrial	7,004				229				10,296				—				—				17,529
	$	86,673			$	19,731			$	102,921			$	—			$	—			209,325
																	Total covered loans				383,825
																	Discount				(73,447		)
																	Allowance				—
																	Covered loans, net				$	310,378

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

Sumary of Impaired Loans Based on Type

The following table provides information on impaired loan balances and the related allowances by loan types as of June 30, 2013 and September 30, 2012:

													Average Recorded Investment
June 30, 2013	Recorded Investment				Unpaid Principal Balance				Related Allowance				Quarter Ended June 30, 2013				Nine Months Ended June 30, 2013
	(In thousands)
With no related allowance recorded:
Single-family residential	$	37,903			$	42,938			$	—			$	31,322			$	23,985
Construction - speculative	3,808				4,621				—				3,812				3,693
Construction - custom	—				—				—				—				—
Land - acquisition & development	8,177				20,135				—				7,739				7,607
Land - consumer lot loans	3,294				3,909				—				2,886				2,271
Multi-family	4,923				4,923				—				3,274				2,107
Commercial real estate	13,214				15,383				—				9,092				6,793
Commercial & industrial	7,296				31,197				—				3,711				2,091
HELOC	892				1,277				—				487				284
Consumer	36				45				—				18				9
	79,543				124,428				—				62,341				48,840
With an allowance recorded:
Single-family residential	359,124				366,099				20,437				353,027				342,111
Construction - speculative	15,729				16,179				1,640				15,781				15,860
Construction - custom	—				—				—				—				—
Land - acquisition & development	11,721				13,193				3,940				12,055				12,914
Land - consumer lot loans	13,165				13,323				311				13,097				12,894
Multi-family	8,882				9,492				340				9,244				10,456
Commercial real estate	9,846				9,846				256				9,859				9,911
Commercial & industrial	—				—				—				—				—
HELOC	939				939				—				940				839
Consumer	11				11				—				6				3
	419,417				429,082				26,924			(1)	414,009				404,988
Total:
Single-family residential	397,027				409,037				20,437				384,349				366,096
Construction - speculative	19,537				20,800				1,640				19,593				19,553
Construction - custom	—				—				—				—				—
Land - acquisition & development	19,898				33,328				3,940				19,794				20,521
Land - consumer lot loans	16,459				17,232				311				15,983				15,165
Multi-family	13,805				14,415				340				12,518				12,563
Commercial real estate	23,060				25,229				256				18,951				16,704
Commercial & industrial	7,296				$	31,197			—				3,711				2,091
HELOC	1,831				2,216				—				1,427				1,123
Consumer	47				56				—				24				12
	$	498,960			$	553,510			$	26,924		(1)	$	476,350			$	453,828

____________________ 

(1)Includes $6,487,000 of specific reserves and $20,437,000 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.

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=7512638&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=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

+ 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=7512638&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