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Covered Assets (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2014
Covered Assets [Abstract] |
Summary of carrying value of acquired impaired and non-impaired loans | The following table reflects the carrying value of all acquired impaired and non-impaired loans as of September 30, 2014 and 2013:
| September 30, 2014 |  | September 30, 2013
| Acquired Impaired Loans | Acquired Non-impaired Loans | Total |  | Acquired Impaired Loans | Acquired Non-impaired Loans | Total
| (In thousands)
Single-family residential | $ | 22,400 |  | $ | 23,067 |  | $ | 45,467 |  |  | $ | 28,428 |  | $ | 28,460 |  | $ | 56,888 |
Construction – speculative | 181 |  | — |  | 181 |  |  | 440 |  | — |  | 440 |
Construction – custom | — |  | — |  | — |  |  | 1,197 |  | — |  | 1,197 |
Land – acquisition & development | 5,589 |  | 1,364 |  | 6,953 |  |  | 17,953 |  | 4,810 |  | 22,763 |
Land – consumer lot loans | 496 |  | 73 |  | 569 |  |  | 496 |  | 245 |  | 741 |
Multi-family | 2,225 |  | 6,598 |  | 8,823 |  |  | 6,933 |  | 18,852 |  | 25,785 |
Commercial real estate | 69,873 |  | 51,336 |  | 121,209 |  |  | 121,105 |  | 89,499 |  | 210,604 |
Commercial & industrial | 8,894 |  | 5,492 |  | 14,386 |  |  | 14,949 |  | 9,416 |  | 24,365 |
HELOC | 3,285 |  | 11,777 |  | 15,062 |  |  | 3,869 |  | 14,750 |  | 18,619 |
Consumer | 99 |  | 454 |  | 553 |  |  | 242 |  | 604 | 846 |
Total covered loans | 113,042 |  | 100,161 |  | 213,203 |  |  | 195,612 |  | 166,636 |  | 362,248 |
Allowance for losses | (2,244 | ) | — |  | (2,244 | ) |  | — |  | — |  | — |
| $ | 110,798 |  | $ | 100,161 |  | $ | 210,959 |  |  | $ | 195,612 |  | $ | 166,636 |  | $ | 362,248 |
Discount |  |  | (34,483 | ) |  |  |  | (66,301 | )
Covered loans, net |  |  | $ | 176,476 |  |  |  |  | $ | 295,947 |
Schedule of changes in carrying amount and accretable yield for acquired impaired and non-impaired loans | Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans were as follows for the fiscal years ended September 30, 2014 and 2013:
| September 30, 2014 |  | September 30, 2013
| Acquired Impaired |  | Acquired Non-impaired |  | Acquired Impaired |  | Acquired Non-impaired
| Accretable Yield |  | Carrying Amount of Loans |  | Accretable Yield |  | Carrying Amount of Loans |  | Accretable Yield |  | Carrying Amount of Loans |  | Accretable Yield |  | Carrying Amount of Loans
| (In thousands) |  | (In thousands)
Balance at beginning of period | $ | 78,277 |  |  | $ | 138,091 |  |  | $ | 17,263 |  |  | $ | 157,856 |  |  | $ | 50,902 |  |  | $ | 74,953 |  |  | $ | 23,789 |  |  | $ | 213,423 |
Additions | — |  |  | — |  |  | — |  |  | — |  |  | 43,299 |  |  | 107,946 |  |  | — |  |  | — |
Reclassification from nonaccretable balance, net | 10,186 |  |  | (2,069 | ) |  | — |  |  | — |  |  | 17,850 |  |  | — |  |  | — |  |  | — |
Accretion | (23,929 | ) |  | 23,929 |  |  | (7,004 | ) |  | 7,004 |  |  | (33,774 | ) |  | 33,774 |  |  | (6,526 | ) |  | 6,526 |
Transfers to REO | — |  |  | (8,943 | ) |  | — |  |  | — |  |  | — |  |  | (11,196 | ) |  | — |  |  | — |
Payments received, net | — |  |  | (72,953 | ) |  | — |  |  | (66,438 | ) |  | — |  |  | (67,386 | ) |  | — |  |  | (62,093 | )
Balance at end of period | $ | 64,534 |  |  | $ | 78,055 |  |  | $ | 10,259 |  |  | $ | 98,422 |  |  | $ | 78,277 |  |  | $ | 138,091 |  |  | $ | 17,263 |  |  | $ | 157,856 |
Schedule of activity for FDIC indemnification asset | The following table shows the year to date activity for the FDIC indemnification asset:
| September 30, 2014 |  | September 30, 2013
| (In thousands)
Balance at beginning of period | $ | 64,615 |  |  | $ | 87,571 |
Additions | 1,795 |  |  | 18,101 |
Payments received | (2,502 | ) |  | (13,421 | )
Amortization | (27,850 | ) |  | (28,722 | )
Accretion | 802 |  |  | 1,086 |
Balance at end of period | $ | 36,860 |  |  | $ | 64,615 |
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, 2014 and 2013:
September 30, 2014 | Internally Assigned Grade |  | Total
| Pass |  | Special mention |  | Substandard |  | Doubtful |  | Loss |  | Gross Loans
| (In thousands)
Non-acquired loans |  |  |  |  |  |  |  |  |  |  |
Single-family residential | $ | 5,426,895 |  |  | $ | 2,793 |  |  | $ | 130,515 |  |  | $ | — |  |  | $ | — |  |  | $ | 5,560,203 |
Construction - speculative | 134,950 |  |  | — |  |  | 5,110 |  |  | — |  |  | — |  |  | 140,060 |
Construction - custom | 385,824 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 385,824 |
Land - acquisition & development | 71,692 |  |  | — |  |  | 6,140 |  |  | — |  |  | — |  |  | 77,832 |
Land - consumer lot loans | 108,013 |  |  | — |  |  | 610 |  |  | — |  |  | — |  |  | 108,623 |
Multi-family | 912,728 |  |  | — |  |  | 4,558 |  |  | — |  |  | — |  |  | 917,286 |
Commercial real estate | 557,914 |  |  | 1,971 |  |  | 31,451 |  |  | — |  |  | — |  |  | 591,336 |
Commercial & industrial | 359,221 |  |  | 14,740 |  |  | 5,265 |  |  | — |  |  | — |  |  | 379,226 |
HELOC | 115,794 |  |  | — |  |  | 248 |  |  | — |  |  | — |  |  | 116,042 |
Consumer | 132,349 |  |  | — |  |  | 241 |  |  | — |  |  | — |  |  | 132,590 |
| 8,205,380 |  |  | 19,504 |  |  | 184,138 |  |  | — |  |  | — |  |  | 8,409,022 |
Acquired loans |  |  |  |  |  |  |  |  |  |  |
Single-family residential | 11,716 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,716 |
Construction - speculative | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction - custom | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 503 |  |  | — |  |  | 402 |  |  | — |  |  | — |  |  | 905 |
Land - consumer lot loans | 2,507 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,507 |
Multi-family | 2,999 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,999 |
Commercial real estate | 88,974 |  |  | 2,571 |  |  | 6,353 |  |  | — |  |  | — |  |  | 97,898 |
Commercial & industrial | 36,311 |  |  | 13,642 |  |  | 4,208 |  |  | 58 |  |  | — |  |  | 54,219 |
HELOC | 8,274 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 8,274 |
Consumer | 5,670 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,670 |
| 156,954 |  |  | 16,213 |  |  | 10,963 |  |  | 58 |  |  | — |  |  | 184,188 |
Credit impaired acquired loans |  |  |  |  |  |  |  |  |  |  |
Pool 1 - Construction and land A&D | 1,292 |  |  | — |  |  | 330 |  |  | — |  |  | — |  |  | 1,622 |
Pool 2 - Single-family residential | 325 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 325 |
Pool 3 - Multi-family | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Pool 4 - HELOC & other consumer | 10,194 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10,194 |
Pool 5 - Commercial real estate | 48,878 |  |  | 2,143 |  |  | 12,702 |  |  | — |  |  | — |  |  | 63,723 |
Pool 6 - Commercial & industrial | 643 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 643 |
Total credit impaired acquired loans | 61,332 |  |  | 2,143 |  |  | 13,032 |  |  | — |  |  | — |  |  | 76,507 |
Total gross loans | $ | 8,423,666 |  |  | $ | 37,860 |  |  | $ | 208,133 |  |  | $ | 58 |  |  | $ | — |  |  | $ | 8,669,717 |
Total grade as a % of total gross loans | 97.2 | % |  | 0.4 | % |  | 2.4 | % |  | — | % |  | — | % |  |
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 | % |  | — | % |  | — | % |  |
The following tables provide information on covered loans based on credit quality indicators (defined in Note A) as of September 30, 2014:
| Internally Assigned Grade |  | Total Net Loans
| Pass |  | Special mention |  | Substandard |  | Doubtful |  | Loss |
| (In thousands)
Purchased non-credit impaired loans: |  |  |  |  |  |  |  |  |  |  |
Single-family residential | $ | 21,311 |  |  | $ | — |  |  | $ | 1,756 |  |  | $ | — |  |  | $ | — |  |  | $ | 23,067 |
Construction - speculative | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction - custom | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 972 |  |  | — |  |  | 392 |  |  | — |  |  | — |  |  | 1,364 |
Land - consumer lot loans | 73 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 73 |
Multi-family | 6,598 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,598 |
Commercial real estate | 26,940 |  |  | 115 |  |  | 24,281 |  |  | — |  |  | — |  |  | 51,336 |
Commercial & industrial | 2,801 |  |  | — |  |  | 2,691 |  |  | — |  |  | — |  |  | 5,492 |
HELOC | 11,777 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 11,777 |
Consumer | 454 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 454 |
| 70,926 |  |  | 115 |  |  | 29,120 |  |  | — |  |  | — |  |  | 100,161 |
Total grade as a % of total net loans | 70.8 | % |  | 0.1 | % |  | 29.1 | % |  | — | % |  | — | % |  |
Purchased credit impaired loans: |  |  |  |  |  |  |  |
Pool 1 - Construction and land A&D | 8,349 |  |  | — |  |  | 11,912 |  |  | — |  |  | — |  |  | 20,261 |
Pool 2 - Single-family residential | 15,585 |  |  | — |  |  | 379 |  |  | — |  |  | — |  |  | 15,964 |
Pool 3 - Multi-family | 52 |  |  | — |  |  | 471 |  |  | — |  |  | — |  |  | 523 |
Pool 4 - HELOC & other consumer | 2,804 |  |  | — |  |  | 1,173 |  |  | — |  |  | — |  |  | 3,977 |
Pool 5 - Commercial real estate | 33,909 |  |  | 700 |  |  | 29,782 |  |  | — |  |  | — |  |  | 64,391 |
Pool 6 - Commercial & industrial | 3,509 |  |  | — |  |  | 3,892 |  |  | 525 |  |  | — |  |  | 7,926 |
| $ | 64,208 |  |  | $ | 700 |  |  | $ | 47,609 |  |  | $ | 525 |  |  | $ | — |  |  | $ | 113,042 |
|  |  |  |  |  |  |  |  | Total covered loans |  | 213,203 |
|  |  |  |  |  |  |  |  | Discount |  | (34,483 | )
|  |  |  |  |  |  |  |  | Allowance |  | $ | (2,244 | )
|  |  |  |  |  |  |  |  | Covered loans, net |  | $ | 176,476 |
Analysis of age of purchased non-credit impaired loans in past due status | The following table provides an analysis of the payment status of purchased non-credit impaired loans in past due status for the period ended September 30, 2014.
| 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 |
| (In thousands) |  |
Single-family residential | $ | 23,067 |  |  | $ | 22,391 |  |  | $ | 230 |  |  | $ | 40 |  |  | $ | 406 |  |  | $ | 676 |  |  | 2.93 | %
Construction - speculative | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | NM |
Construction - custom | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | NM |
Land - acquisition & development | 1,364 |  |  | 1,328 |  |  | — |  |  | — |  |  | 36 |  |  | 36 |  |  | 2.64 | %
Land - consumer lot loans | 73 |  |  | 73 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — | %
Multi-family | 6,598 |  |  | 5,502 |  |  | — |  |  | — |  |  | 1,096 |  |  | 1,096 |  |  | 16.61 | %
Commercial real estate | 51,336 |  |  | 51,336 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — | %
Commercial & industrial | 5,492 |  |  | 5,492 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — | %
HELOC | 11,777 |  |  | 11,777 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — | %
Consumer | 454 |  |  | 443 |  |  | 11 |  |  | — |  |  | — |  |  | 11 |  |  | 2.42 | %
| $ | 100,161 |  |  | $ | 98,342 |  |  | $ | 241 |  |  | $ | 40 |  |  | $ | 1,538 |  |  | $ | 1,819 |  |  | 1.82 | %

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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=28368275&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=32702940&loc=SL6953803-111525 + Details
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- Definition Analysis of Aging of Non-Credit Impaired Loans [Table Text Block] + References No definition available. + Details
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- Details
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- Definition Schedule of Acquired Covered Loans by Status of Loan [Table Text Block] + References No definition available. + Details
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- Definition Schedule of Activity for FDIC Indemnification Asset [Table Text Block] + References No definition available. + Details
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- Definition Schedule of Changes in Carrying Amount and Accretable Yield of Assets [Table Text Block] + References No definition available. + Details
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