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Acquisitions
 6 Months Ended
Mar. 31, 2014
Business Combinations [Abstract]  
Acquisitions
Acquisitions

Certain Branches of Bank of America, National Association

Effective as of the close of business on October 31, 2013, the Bank completed the acquisition of eleven branches from Bank of America, National Association; these branches are located in New Mexico. Effective as of the close of business on December 6, 2013, the Bank completed the acquisition of another forty branches from Bank of America, National Association; these branches are located in Washington, Oregon, and Idaho. The combined acquisitions provided $1.3 billion in deposit accounts, $8 million of loans, and $17 million in branch properties. The Bank paid a 2.60% premium on the total deposits and received $1.3 billion in cash from the transaction.

The acquisition method of accounting was used to account for the acquisitions. The purchased assets and assumed liabilities are recorded at their respective acquisition date estimated fair values.

The operating results of the Company include the operating results produced by the first eleven branches for the period from November 1, 2013 to March 31, 2014 and for the additional forty branches from December 7, 2013 to March 31, 2014.

The table below displays the adjusted fair value as of the acquisition date for each major class of assets acquired and liabilities assumed:

 
 
 
 
 
Adjusted Fair Value Recorded by
 
 
Washington Federal
 
 
(In thousands)
 Assets:
 
 
 Cash
 
$
1,254,517

 Loans receivable, net
 
8,278

 Property and equipment, net
 
17,388

 Core deposit intangible
 
8,145

Goodwill
 
29,300

   Total Assets
 
1,317,628

 
 
 
 Liabilities:
 
 
 Customer accounts
 
1,314,478

 Other liabilities
 
3,150

   Total Liabilities
 
1,317,628

 
 
 
 Net assets acquired
 
$
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