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Loans Receivable (excluding Covered Loans) (Tables)

3 Months Ended

Dec. 31, 2014

Receivables [Abstract]

Schedule of Loans Receivable (excluding Covered Loans)

	December 31, 2014							September 30, 2014
	(In thousands)
Non-acquired loans
Single-family residential	$	5,608,208			63.9	%		$	5,560,203			64.1	%
Construction - speculative	152,450				1.7			140,060				1.6
Construction - custom	377,561				4.3			385,824				4.5
Land - acquisition & development	84,000				1.0			77,832				0.9
Land - consumer lot loans	104,492				1.2			108,623				1.3
Multi-family	977,752				11.2			917,286				10.6
Commercial real estate	597,436				6.8			591,336				6.9
Commercial & industrial	391,327				4.5			379,226				4.4
HELOC	118,047				1.3			116,042				1.4
Consumer	126,929				1.4			132,590				1.5
Total non-acquired loans	8,538,202				97.3			8,409,022				97.2
Acquired loans
Single-family residential	11,163				0.1			11,716				0.1
Land - acquisition & development	872				—			905				—
Land - consumer lot loans	2,496				—			2,507				—
Multi-family	2,954				—			2,999				—
Commercial real estate	92,133				1.0			97,898				1.1
Commercial & industrial	58,836				0.7			51,386				0.6
HELOC	7,749				0.1			8,274				0.1
Consumer	4,369				—			5,670				0.1
Total acquired loans	180,572				1.9			181,355				2.0
Credit-impaired acquired loans
Single-family residential	323				—			325				—
Land - acquisition & development	1,533				—			1,622				—
Commercial real estate	60,287				0.7			63,723				0.7
Commercial & industrial	3,255				—			3,476				—
HELOC	9,202				0.1			10,139				0.1
Consumer	54				—			55				—
Total credit-impaired acquired loans	74,654				0.8			79,340				0.8
Total loans
Single-family residential	5,619,694				64.0			5,572,244				64.2
Construction - speculative	152,450				1.7			140,060				1.6
Construction - custom	377,561				4.3			385,824				4.5
Land - acquisition & development	86,405				1.0			80,359				0.9
Land - consumer lot loans	106,988				1.2			111,130				1.3
Multi-family	980,706				11.2			920,285				10.6
Commercial real estate	749,856				8.5			752,957				8.7
Commercial & industrial	453,418				5.2			434,088				5.0
HELOC	134,998				1.5			134,455				1.6
Consumer	131,352				1.4			138,315				1.6
Total loans	8,793,428				100	%		8,669,717				100	%

Less:
Allowance for probable losses	108,700							112,347
Loans in process	370,655							346,172
Discount on acquired loans	22,535							25,391
Deferred net origination fees	37,621							37,485
	539,511							521,395
	$	8,253,917						$	8,148,322

Schedule of Changes in the Accretable Yield for Credit Impaired Acquired Loans

Changes in the carrying amount and accretable yield for acquired credit impaired and non-impaired loans for the three months ended December 31, 2014 and the fiscal year ended September 30, 2014 were as follows:

December 31, 2014	Acquired Impaired								Acquired Non-impaired
	Accretable Yield				Carrying Amount of Loans				Accretable Yield				Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	32,591			$	57,771			$	4,254			$	177,440
Accretion	(2,970		)		2,970				(1,424		)		1,424
Payments received, net	—				(6,455		)		—				(1,193		)
Balance as of end of period	$	29,621			$	54,286			$	2,830			$	177,671

September 30, 2014	Acquired Impaired								Acquired Non-impaired
	Accretable Yield				Carrying Amount of Loans				Accretable Yield				Carrying Amount of Loans
	(In thousands)
Balance as of beginning of period	$	37,236			$	69,718			$	4,977			$	245,373
Reclassification from nonaccretable balance, net (1)	7,300				—				—				—
Accretion	(11,945		)		11,945				(723		)		723
Transfers to REO	—				(1,188		)		—				(4,710		)
Payments received, net	—				(22,704		)		—				(63,946		)
Balance as of end of period	$	32,591			$	57,771			$	4,254			$	177,440
(1) reclassification due to improvements in expected cash flows of the underlying loans.

Summary of Information Regarding Non-Accrual Loans

The following table sets forth information regarding non-accrual loans held by the Company as of the dates indicated:

	December 31, 2014							September 30, 2014
	(In thousands)
Non-accrual loans:
Single-family residential	$	74,416			75.6	%		$	74,067			84.8	%
Construction - speculative	1,329				1.4			1,477				1.7
Land - acquisition & development	—				—			811				0.9
Land - consumer lot loans	2,260				2.3			2,637				3.0
Multi-family	1,019				1.0			1,742				2.0
Commercial real estate	15,970				16.2			5,106				5.8
Commercial & industrial	672				0.7			7				—
HELOC	1,454				1.5			795				0.9
Consumer	1,233				1.3			789				0.9
Total non-accrual loans	$	98,353			100.0	%		$	87,431			100	%

Analysis of Age of Loans in Past Due Status

The following tables provide an analysis of the age of loans in past due status as of December 31, 2014 and September 30, 2014, respectively.

December 31, 2014	Amount of Loans				Days Delinquent Based on $ Amount of Loans																				% based on $
Type of Loan	Net of LIP & Chg.-Offs				Current				30				60				90				Total
	(In thousands)
Non-acquired loans
Single-Family Residential	$	5,605,917			$	5,518,834			$	17,503			$	7,804			$	61,776			$	87,083			1.55	%
Construction - Speculative	95,367				95,199				168				—				—				168				0.18
Construction - Custom	191,787				191,670				114				3				—				117				0.06
Land - Acquisition & Development	70,347				68,008				2,339				—				—				2,339				3.32
Land - Consumer Lot Loans	104,444				100,639				596				368				2,841				3,805				3.64
Multi-Family	906,295				905,532				—				—				763				763				0.08
Commercial Real Estate	559,808				541,939				2,607				—				15,262				17,869				3.19
Commercial & Industrial	388,588				387,149				339				—				1,100				1,439				0.37
HELOC	118,143				117,362				162				58				561				781				0.66
Consumer	126,929				125,745				756				230				198				1,184				0.93
Total non-acquired loans	8,167,625				8,052,077				24,584				8,463				82,501				115,548				1.41	%
Acquired loans
Single-Family Residential	11,164				10,907				232				—				25				257				2.30	%
Land - Acquisition & Development	872				872				—				—				—				—				—
Land - Consumer Lot Loans	2,495				1,686				560				—				249				809				—
Multi-Family	2,954				2,954				—				—				—				—				—
Commercial Real Estate	92,066				91,211				—				97				758				855				0.93
Commercial & Industrial	58,832				58,733				—				—				99				99				0.17
HELOC	7,749				7,290				241				—				218				459				5.92
Consumer	4,369				3,301				412				—				656				1,068				24.44
Total acquired loans	180,501				176,954				1,445				97				2,005				3,547				1.97	%
Credit-impaired acquired loans
Single-Family Residential	323				323				—				—				—				—				—	%
Land - Acquisition & Development	1,533				1,533				—				—				—				—				—
Commercial Real Estate	60,280				56,301				2,064				430				1,485				3,979				6.60
Commercial & Industrial	3,255				3,255				—				—				—				—				—
HELOC	9,201				8,799				—				—				402				402				4.37
Consumer	54				54				—				—				—				—				—
Total credit-impaired acquired loans	74,646				70,265				2,064				430				1,887				4,381				5.87	%
Total loans	$	8,422,772			$	8,299,296			$	28,093			$	8,990			$	86,393			$	123,476			1.47	%

September 30, 2014	Amount of Loans				Days Delinquent Based on $ Amount of Loans																				% based on $
Type of Loan	Net of LIP & Chg.-Offs				Current				30				60				90				Total
	(In thousands)
Single-Family Residential	$	5,557,753			$	5,467,239			$	15,926			$	9,139			$	65,449			$	90,514			1.63	%
Construction - Speculative	87,035				87,035				—				—				—				—				—
Construction - Custom	192,098				191,262				836				—				—				836				0.44
Land - Acquisition & Development	68,066				67,911				155				—				—				155				0.23
Land - Consumer Lot Loans	108,589				104,571				1,246				304				2,468				4,018				3.70
Multi-Family	892,196				891,372				205				16				603				824				0.09
Commercial Real Estate	529,453				513,409				67				15,118				859				16,044				3.03
Commercial & Industrial	379,226				377,848				53				1,318				7				1,378				0.36
HELOC	116,262				115,262				335				292				373				1,000				0.86
Consumer	132,686				131,642				654				262				128				1,044				0.79
Total non-acquired loans	8,063,364				7,947,551				19,477				26,449				69,887				115,813				1.44	%
Acquired loans
Single-Family Residential	11,716				11,693				—				—				23				23				0.20
Land - Acquisition & Development	905				905				—				—				—				—				—
Land - Consumer Lot Loans	2,502				2,132				—				370				—				370				14.79
Multi-Family	2,999				2,999				—				—				—				—				—
Commercial Real Estate	97,715				96,948				104				—				663				767				0.78
Commercial & Industrial	51,329				51,229				—				100				—				100				0.19
HELOC	8,056				8,056				—				—				—				—				—
Consumer	5,670				4,983				22				4				661				687				12.12
Total acquired loans	180,892				178,945				126				474				1,347				1,947				1.08	%
Credit-impaired acquired loans
Single-Family Residential	325				325				—				—				—				—				—	%
Land - Acquisition & Development	1,581				1,581				—				—				—				—				—
Commercial Real Estate	63,713				61,713				152				909				939				2,000				3.14
Commercial & Industrial	3,477				3,470				7				—				—				7				0.20
HELOC	10,138				9,641				—				75				422				497				4.90
Consumer	54				54				—				—				—				—				—
Total credit-impaired acquired loans	79,288				76,784				159				984				1,361				2,504				3.16	%
Total loans	$	8,323,544			$	8,203,280			$	19,762			$	27,907			$	72,595			$	120,264			1.44	%

Schedule of Impaired Loans, Loan Commitments and Loans Serviced

The following tables provide information related to loans that were restructured during the periods indicated:

	Quarter Ended December 31,
	2014											2013
				Pre-Modification				Post-Modification							Pre-Modification				Post-Modification
				Outstanding				Outstanding							Outstanding				Outstanding
	Number of			Recorded				Recorded				Number of			Recorded				Recorded
	Contracts			Investment				Investment				Contracts			Investment				Investment
				(In thousands)											(In thousands)
Troubled Debt Restructurings:
Single-Family Residential	35			$	9,600			$	9,600			113			$	23,607			$	23,607
Construction - Speculative	2			718				718				—			—				—
Land - Consumer Lot Loans	2			532				532				5			1,098				1,098
Multi-Family	—			—				—				2			1,213				1,213
Commercial Real Estate	—			—				—				1			810				810
HELOC	—			—				—				1			261				261
Consumer	1			85				85				2			39				39
	40			$	10,935			$	10,935			124			$	27,028			$	27,028

Schedule of Loan Modifications

The following tables provide information on restructured loans for which a payment default occurred during the periods indicated and that had been modified as a TDR within 12 months or less of the payment default:

	Quarter Ended December 31,
	2014							2013
	Number of			Recorded				Number of			Recorded
	Contracts			Investment				Contracts			Investment
	(In thousands)							(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	8			$	1,431			24			$	3,624
Land - Consumer Lot Loans	3			389				2			166
	11			$	1,820			26			$	3,790

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- Definition

Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

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