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Income Taxes | 12 Months Ended
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Sep. 30, 2014
Income Tax Disclosure [Abstract] |
Income Taxes | INCOME TAXES The Consolidated Statements of Financial Condition at September 30, 2014 and 2013 includes net deferred tax assets (liabilities) of $2,448,000 and $22,554,000, respectively, that have been provided for the temporary differences between the tax basis and the financial statement carrying amounts of liabilities and assets. The major sources of these temporary differences and their deferred tax effects were as follows:
September 30, | 2014 | 2013
| (In thousands)
Deferred tax assets |  |
Loan loss reserves | $ | 48,505 |  | $ | 52,182 |
REO reserves | 13,680 |  | 18,018 |
Asset Purchase Tax Basis Difference (net) | 8,812 |  | 20,008 |
Delinquent accrued interest | 4,767 |  | 6,536 |
Other, net | 6,549 |  | 3,810 |
Total deferred tax assets | 82,313 |  | 100,554 |
Deferred tax liabilities |  |
FDIC indemnification asset | — |  | 8,033 |
Federal Home Loan Bank stock dividends | 32,810 |  | 34,367 |
Valuation adjustment on available-for-sale securities | 12,032 |  | 3,706 |
Loan origination costs | 13,002 |  | 11,980 |
Depreciation | 22,021 |  | 19,722 |
Core deposit intangible | — |  | 192 |
Total deferred tax liabilities | 79,865 |  | 78,000 |
Net deferred tax asset | 2,448 |  | 22,554 |
Current tax asset | 14,067 |  | 21,446 |
Net tax asset | $ | 16,515 |  | $ | 44,000 |
A reconciliation of the statutory federal income tax rate to the effective income tax rate follows:
Year ended September 30, | 2014 | 2013 | 2012
Statutory income tax rate | 35 | % | 35 | % | 35 | %
State income tax | 2 |  | 2 |  | 2 |
Other differences | (1 | ) | (2 | ) | (1 | )
Effective income tax rate | 36 | % | 35 | % | 36 | %
Income taxes (benefit) are summarized as follows:
| 2014 | 2013 | 2012
| (In thousands)
Federal: |  |  |
Current | $ | 70,797 |  | $ | 66,756 |  | $ | 57,047 |
Deferred | 10,591 |  | 10,355 |  | 15,589 |
| 81,388 |  | 77,111 |  | 72,636 |
State: |  |  |
Current | $ | 4,987 |  | $ | 5,213 |  | $ | 4,091 |
Deferred | 1,189 |  | 787 |  | 1,001 |
| 6,176 |  | 6,000 |  | 5,092 |
Total |  |  |
Current | 75,784 |  | 71,969 |  | 61,138 |
Deferred | 11,780 |  | 11,142 |  | 16,590 |
| $ | 87,564 |  | $ | 83,111 |  | $ | 77,728 |
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
| 2014 | 2013
| (In thousands)
Balance at October 1, | $ | 115 |  | $ | 4,509 |
Tax positions related to current year: |  |
Additions | — |  | — |
Reductions | — |  | — |
Tax positions related to prior years: |  |
Additions | 32 |  | 234 |
Reductions | — |  | (1,293 | )
Settlements with taxing authorities | — |  | (302 | )
Lapses in statues of limitations | (35 | ) | (3,033 | )
Balance at September 30, | $ | 112 |  | $ | 115 |
Based on current information the Company does not expect that changes in the amount of unrecognized tax benefits over the next twelve months will have a significant impact on the results of operations or the financial position of the Company. As of 2014 and 2013, the Company's liability for uncertain tax positions was $100,000 and $103,000, respectively. Included in the balance of unrecognized tax benefits at 2014, are $100,000 of tax benefits that, if recognized, would affect the effective tax rate. The Company records interest and penalties related to uncertain tax positions in income tax expense. As of 2014 and 2013, there were approximately $12,000 and $12,000, respectively, of accrued interest and no accrued penalties. The Company's federal income tax returns are open for the tax years 2011 through 2014. The Internal Revenue Service is in the process of conducting an examination of the Company through the year ended September 30, 2012. Management does not expect the results of this examination to have a material impact on the Company's consolidated financial statements. The Company has been examined by the Internal Revenue Service through the year ended September 30, 1990. There were no material changes made to the Company's originally reported taxable income as a result of this examination. State income tax returns are generally subject to examination for a period of three to five years after filing of the respective return. The state impact of any federal changes remains subject to examination by various states for a period of up to two years after formal notification to the states. The Company's unrecognized tax benefits are related to state tax returns open from 2011 through 2014.

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 + Details
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