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Allowance for Losses on Loans (Tables)

6 Months Ended

Mar. 31, 2014

Receivables [Abstract]

Summary of Activity in Allowance for Loan Losses

The following table summarizes the activity in the allowance for loan losses (excluding acquired and covered loans) for the quarter ended March 31, 2014 and fiscal year ended September 30, 2013:

Quarter Ended March 31, 2014	Beginning Allowance				Charge-offs				Recoveries				Provision & Transfers				Ending Allowance
	(In thousands)
Single-family residential	$	67,692			$	(2,444	)		$	2,088			$	(3,988	)		$	63,348
Construction - speculative	8,142				(488		)		—				(881		)		6,773
Construction - custom	1,474				—				—				125				1,599
Land - acquisition & development	7,084				(85		)		299				(1,271		)		6,027
Land - consumer lot loans	3,274				(231		)		—				(69		)		2,974
Multi-family	4,109				—				—				78				4,187
Commercial real estate	5,868				(73		)		—				129				5,924
Commercial & industrial	16,505				(444		)		2,852				1,490				20,403
HELOC	943				—				—				32				975
Consumer	3,067				(1,010		)		1,059				(395		)		2,721
	$	118,158			$	(4,775	)		$	6,298			$	(4,750	)		$	114,931

Fiscal Year Ended September 30, 2013	Beginning Allowance				Charge-offs				Recoveries				Provision & Transfers				Ending Allowance
	(In thousands)
Single-family residential	$	81,815			$	(20,947	)		$	9,416			$	(6,100	)		$	64,184
Construction - speculative	12,060				(1,446		)		501				(2,708		)		8,407
Construction - custom	347				(481		)		—				1,016				882
Land - acquisition & development	15,598				(3,983		)		4,105				(6,555		)		9,165
Land - consumer lot loans	4,937				(1,363		)		40				(62		)		3,552
Multi-family	5,280				(1,043		)		171				(592		)		3,816
Commercial real estate	1,956				(747		)		17				4,369				5,595
Commercial & industrial	7,626				(1,145		)		95				10,038				16,614
HELOC	965				(163		)		—				200				1,002
Consumer	2,563				(2,783		)		2,000				1,744				3,524
	$	133,147			$	(34,101	)		$	16,345			$	1,350			$	116,741

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 March 31, 2014 and September 30, 2013:

March 31, 2014	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	$	63,348			$	5,357,841			1.2	%		$	—			$	90,746			—	%
Construction - speculative	6,713				123,185				5.4			60				11,816				0.5
Construction - custom	1,599				354,279				0.5			—				—				—
Land - acquisition & development	5,252				64,917				8.1			775				9,238				8.4
Land - consumer lot loans	2,974				99,065				3.0			—				14,558				—
Multi-family	4,187				857,244				0.5			—				8,853				—
Commercial real estate	5,924				439,307				1.3			—				14,938				—
Commercial & industrial	20,403				288,641				7.1			—				10				—
HELOC	975				111,530				0.9			—				1,020				—
Consumer	2,721				41,339				6.6			—				—				—
	$	114,096			$	7,737,348			1.5	%		$	835			$	151,179			0.6	%

(1) Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans

September 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	$	64,184			$	5,262,159			1.2	%		$	—			$	96,989			—	%
Construction - speculative	7,307				115,554				6.3			1,100				15,224				7.2
Construction - custom	882				302,722				0.3			—				—				—
Land - acquisition & development	6,943				67,521				10.3			2,222				10,254				21.7
Land - consumer lot loans	3,506				107,216				3.3			46				14,455				0.3
Multi-family	3,711				824,279				0.5			105				7,405				1.4
Commercial real estate	5,595				400,789				1.4			—				14,172				—
Commercial & industrial	16,614				256,954				6.5			—				48				—
HELOC	1,002				111,169				0.9			—				1,017				—
Consumer	3,524				47,141				7.5			—				—				—
	$	113,268			$	7,495,504			1.5	%		$	3,473			$	159,564			2.2	%

Summary of Loans Based on Credit Quality Indicators

The following tables provide information on loans based on credit quality indicators (defined above) as of March 31, 2014 and September 30, 2013.

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

March 31, 2014	Internally Assigned Grade																				Total
	Pass				Special mention				Substandard				Doubtful				Loss				Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,282,350			$	3,009			$	163,228			$	—			$	—			$	5,448,587
Construction - speculative	119,429				—				15,572				—				—				135,001
Construction - custom	354,279				—				—				—				—				354,279
Land - acquisition & development	64,579				—				9,576				—				—				74,155
Land - consumer lot loans	113,160				—				463				—				—				113,623
Multi-family	859,295				1,825				4,977				—				—				866,097
Commercial real estate	419,914				17,526				16,806				—				—				454,246
Commercial & industrial	255,607				19,668				1,797				37				—				277,109
HELOC	112,549				—				—				—				—				112,549
Consumer	41,077				—				262				—				—				41,339
	7,622,239				42,028				212,681				37				—				7,876,985
Non-impaired acquired loans
Single-family residential	13,177				—				—				—				—				13,177
Construction - speculative	—				—				—				—				—				—
Construction - custom	—				—				—				—				—				—
Land - acquisition & development	726				—				409				—				—				1,135
Land - consumer lot loans	3,116				—				125				—				—				3,241
Multi-family	3,402				—				136				—				—				3,538
Commercial real estate	93,378				3,473				15,235				3				—				112,089
Commercial & industrial	51,471				13,726				4,638				37				—				69,872
HELOC	8,624				—				—				—				—				8,624
Consumer	6,465				—				377				—				—				6,842
	180,359				17,199				20,920				40				—				218,518
Credit-impaired acquired loans
Pool 1 - Construction and land A&D	1,387				—				371				—				—				1,758
Pool 2 - Single-family residential	329				—				—				—				—				329
Pool 3 - Multi-family	—				—				—				—				—				—
Pool 4 - HELOC & other consumer	10,335				—				403				—				—				10,738
Pool 5 - Commercial real estate	50,768				2,168				15,186				—				—				68,122
Pool 6 - Commercial & industrial	1,126				3,598				—				—				—				4,724
Total credit impaired acquired loans	63,945				5,766				15,960				—				—				85,671
Total gross loans	$	7,866,543			$	64,993			$	249,561			$	77			$	—			$	8,181,174
Total grade as a % of total gross loans	96.2		%		0.8		%		3.0		%		—		%		—		%

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
Non-impaired 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		%		—		%		—		%

Credit Risk Profile Based on Payment Activity (excludes acquired and covered loans):

March 31, 2014	Performing Loans							Non-Performing Loans
	Amount				% of Total Gross  Loans			Amount				% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,366,847			98.5	%		$	81,740			1.5	%
Construction - speculative	132,869				98.4			2,132				1.6
Construction - custom	354,014				99.9			265				0.1
Land - acquisition & development	72,042				97.2			2,113				2.8
Land - consumer lot loans	110,616				97.4			3,007				2.6
Multi-family	863,898				99.7			2,199				0.3
Commercial real estate	447,145				98.4			7,101				1.6
Commercial & industrial	276,530				99.8			579				0.2
HELOC	112,108				99.6			441				0.4
Consumer	40,718				98.5			621				1.5
	$	7,776,787			98.7	%		$	100,198			1.3	%

September 30, 2013	Performing Loans							Non-Performing Loans
	Amount				% of Total Gross  Loans			Amount				% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,258,688			98.1	%		$	100,460			1.9	%
Construction - speculative	126,218				96.5			4,560				3.5
Construction - custom	302,722				100.0			—				—
Land - acquisition & development	74,872				96.3			2,903				3.7
Land - consumer lot loans	118,334				97.3			3,337				2.7
Multi-family	825,111				99.2			6,573				0.8
Commercial real estate	389,423				97.1			11,736				2.9
Commercial & industrial	256,525				99.8			477				0.2
HELOC	111,923				99.8			263				0.2
Consumer	46,151				97.9			990				0.2
	$	7,509,967			98.3	%		$	131,299			1.7	%

The following tables provide information on covered loans based on credit quality indicators (defined in Note E ) as of March 31, 2014 and September 30, 2013:

March 31, 2014	Internally Assigned Grade																				Total Net  Loans
	Pass				Special mention				Substandard				Doubtful				Loss
	(In thousands)
Acquired non-impaired loans:
Single-family residential	$	23,060			$	—			$	2,462			$	—			$	—			$	25,522
Construction - speculative	—				—				—				—				—				—
Construction - custom	—				—				—				—				—				—
Land - acquisition & development	2,267				—				716				—				—				2,983
Land - consumer lot loans	74				—				34				—				—				108
Multi-family	16,814				—				—				—				—				16,814
Commercial real estate	40,675				157				26,854				—				—				67,686
Commercial & industrial	4,041				—				3,226				—				—				7,267
HELOC	13,294				—				39				—				—				13,333
Consumer	534				—				—				—				—				534
	100,759				157				33,331				—				—				134,247
Total grade as a % of total net loans	75.1		%		0.1		%		24.8		%		—		%		—		%
Acquired credit-impaired loans:
Pool 1 - Construction and land A&D	14,266				—				24,493				—				—				38,759
Pool 2 - Single-family residential	19,010				—				982				—				—				19,992
Pool 3 - Multi-family	55				—				1,026				—				—				1,081
Pool 4 - HELOC & other consumer	3,338				—				2,289				—				—				5,627
Pool 5 - Commercial real estate	36,352				3,992				36,528				—				—				76,872
Pool 6 - Commercial & industrial	4,977				437				3,235				542				—				9,191
	$	77,998			$	4,429			$	68,553			$	542			$	—			151,522
													Total covered loans								285,769
																	Discount				(54,095		)
																	Allowance				(2,069		)
																	Covered loans, net				$	229,605

September 30, 2013	Internally Assigned Grade																				Total Net  Loans
	Pass				Special mention				Substandard				Doubtful				Loss
	(In thousands)
Acquired non-impaired loans:
Single-family residential	$	26,426			$	—			$	2,034			$	—			$	—			$	28,460
Construction - speculative	—				—				—				—				—				—
Construction - custom	—				—				—				—				—				—
Land - acquisition & development	3,069				1,019				722				—				—				4,810
Land - consumer lot loans	245				—				—				—				—				245
Multi-family	17,217				—				1,635				—				—				18,852
Commercial real estate	56,120				9,235				24,144				—				—				89,499
Commercial & industrial	5,175				500				3,741				—				—				9,416
HELOC	14,750				—				—				—				—				14,750
Consumer	604				—				—				—				—				604
	123,606				10,754				32,276				—				—				166,636
Total grade as a % of total net loans	74.2		%		6.4		%		19.4		%		—		%		—		%
Acquired credit-impaired loans:
Pool 1 - Construction and land A&D	14,361				4,296				25,363				—				—				44,020
Pool 2 - Single-family residential	21,541				—				—				—				—				21,541
Pool 3 - Multi-family	4,131				—				1,100				—				—				5,231
Pool 4 - HELOC & other consumer	4,111				—				1,880				—				—				5,991
Pool 5 - Commercial real estate	36,494				15,113				53,946				—				—				105,553
Pool 6 - Commercial & industrial	4,265				204				8,807				—				—				13,276
	$	84,903			$	19,613			$	91,096			$	—			$	—			195,612
													Total covered loans								362,248
																	Discount				(66,301		)
																	Allowance				—
																	Covered loans, net				$	295,947

Summary of Impaired Loans Based on Type

The following table provides information on impaired loan balances and the related allowances by loan types as of March 31, 2014 and September 30, 2013:

March 31, 2014	Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	26,196			$	29,644			$	—			$	23,970
Construction - speculative	1,769				2,392				—				1,993
Construction - custom	265				265				—				133
Land - acquisition & development	1,973				9,325				—				2,085
Land - consumer lot loans	2,239				2,337				—				2,261
Multi-family	1,264				1,305				—				816
Commercial real estate	22,498				25,229				—				15,076
Commercial & industrial	3,843				23,737				—				3,897
HELOC	262				596				—				262
Consumer	321				376				—				329
	60,630				95,206				—				50,822
With an allowance recorded:
Single-family residential	348,917				355,044				15,730				347,772
Construction - speculative	9,613				10,043				60				9,625
Construction - custom	1,196				1,196				—				1,196
Land - acquisition & development	5,164				6,104				775				5,302
Land - consumer lot loans	13,270				13,653				—				13,305
Multi-family	7,727				7,947				—				7,744
Commercial real estate	14,457				14,662				—				14,511
Commercial & industrial	31				31				—				38
HELOC	1,198				1,198				—				1,198
Consumer	197				197				—				134
	401,770				410,075				16,565			(1)	400,825
Total:
Single-family residential	375,113				384,688				15,730				371,742
Construction - speculative	11,382				12,435				60				11,618
Construction - custom	1,461				1,461				—				1,329
Land - acquisition & development	7,137				15,429				775				7,387
Land - consumer lot loans	15,509				15,990				—				15,566
Multi-family	8,991				9,252				—				8,560
Commercial real estate	36,955				39,891				—				29,587
Commercial & industrial	3,874				23,768				—				3,935
HELOC	1,460				1,794				—				1,460
Consumer	518				573				—				463
	$	462,400			$	505,281			$	16,565		(1)	$	451,647

(1)Includes $835,000 of specific reserves and $15,730,000 included in the general reserves.

September 30, 2013	Recorded Investment				Unpaid Principal Balance				Related Allowance				2013 Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	33,883			$	38,928			$	—			$	21,458
Construction - speculative	3,891				4,099				—				3,339
Construction - custom	—				—				—				—
Land - acquisition & development	3,020				10,705				—				2,548
Land - consumer lot loans	3,186				3,376				—				1,839
Multi-family	4,929				4,929				—				1,734
Commercial real estate	23,537				31,876				—				9,651
Commercial & industrial	7,279				31,197				—				3,123
HELOC	446				946				—				133
Consumer	601				618				—				127
	80,772				126,674				—				43,952
With an allowance recorded:
Single-family residential	335,140				341,910				15,137				330,407
Construction - speculative	8,892				9,342				1,100				12,362
Construction - custom	—				—				—				—
Land - acquisition & development	2,598				4,002				—				8,315
Land - consumer lot loans	12,631				13,014				2,222				12,301
Multi-family	5,958				6,178				46				7,731
Commercial real estate	7,539				8,476				105				9,321
Commercial & industrial	56				56				—				11
HELOC	938				938				—				858
Consumer	33				33				—				9
	373,785				383,949				18,610			(1)	381,315
Total:
Single-family residential	369,023				380,838				15,137				351,865
Construction - speculative	12,783				13,441				1,100				15,701
Construction - custom	—				—				—				—
Land - acquisition & development	5,618				14,707				—				10,863
Land - consumer lot loans	15,817				16,390				2,222				14,140
Multi-family	10,887				11,107				46				9,465
Commercial real estate	31,076				40,352				105				18,972
Commercial & industrial	7,335				31,253				—				3,134
HELOC	1,384				1,884				—				991
Consumer	634				651				—				136
	$	454,557			$	510,623			$	18,610		(1)	$	425,267

(1) Includes $3,473,000 of specific reserves and $15,137,000 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=28368275&loc=SL6953423-111524

+ Details

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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=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

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=28368275&loc=d3e5212-111524

+ Details

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- Details

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X

- Definition

Schedule of Loans Collectively and Individually Evaluated for Impairment [Table Text Block]

+ References

No definition available.

+ Details

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