XML 100 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8

Covered Assets (Tables)

9 Months Ended

Jun. 30, 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 June 30, 2013 and the fiscal year ended September 30, 2012 were as follows:

June 30, 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	(26,590		)		26,590				(5,716		)		5,716
Transfers to REO	—				(11,694		)		—				—
Payments received, net	—				(52,329		)		—				(54,227		)
Balance at end of period	$	67,611			$	145,466			$	18,073			$	164,912
(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:

	June 30, 2013				September 30, 2012
	(In thousands)
Balance at beginning of period	$	87,571			$	101,634
Additions (1)	17,965				3,284
Payments made (received)	(13,014		)		(3,456		)
Amortization	(19,693		)		(15,510		)
Accretion	836				1,619
Balance at end of period	$	73,665			$	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 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

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 June 30, 2013 and September 30, 2012:

June 30, 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	$	32,021			$	30,935			$	14			$	255			$	817			$	1,086			3.39	%
Construction - Speculative	104				104				—				—				—				—				NM
Construction - Custom	—				—				—				—				—				—				NM
Land - Acquisition & Development	5,011				4,975				—				—				36				36				0.72
Land - Consumer Lot Loans	247				201				—				—				46				46				18.62
Multi-Family	19,320				19,320				—				—				—				—				NM
Commercial Real Estate	91,976				90,881				—				—				1,095				1,095				1.19
Commercial & Industrial	9,673				9,673				—				—				—				—				NM
HELOC	15,508				15,143				—				18				347				365				2.35
Consumer	640				634				5				—				1				6				0.94
	$	174,500			$	171,866			$	19			$	273			$	2,342			$	2,634			1.51	%

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

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

Analysis of Aging of Non-Credit Impaired Loans [Table Text Block]

+ References

No definition available.

+ Details

Name:	wfsl_AnalysisOfAgingOfNonCreditImpairedLoansTableTextBlock
Namespace Prefix:	wfsl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	wfsl_CoveredAssetsAbstract
Namespace Prefix:	wfsl_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of Activity for FDIC Indemnification Asset [Table Text Block]

+ References

No definition available.

+ Details

Name:	wfsl_ScheduleOfActivityForFdicIndemnificationAssetTableTextBlock
Namespace Prefix:	wfsl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

No definition available.

+ Details

Name:	wfsl_ScheduleOfChangesInCarryingAmountAndAccretableYieldOfAssetsTableTextBlock
Namespace Prefix:	wfsl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration