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Covered Assets (Tables)

3 Months Ended

Dec. 31, 2014

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Schedule of Changes in Carrying Amount and Accretable Yield of Assets

Changes in the carrying amount and accretable yield for acquired impaired and non-impaired loans for the quarter 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 at beginning of period	$	64,534			$	78,055			$	10,259			$	98,422
Accretion	(4,509		)		4,509				(1,909		)		1,909
Transfers to REO	—				(51		)		—				—
Payments received, net	—				(4,025		)		—				(16,942		)
Balance at end of period	$	60,025			$	78,488			$	8,350			$	83,389

September 30, 2014	Acquired Impaired								Acquired Non-impaired
	Accretable Yield				Carrying Amount of Loans				Accretable Yield				Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	78,277			$	138,091			$	17,263			$	157,856
Reclassification from nonaccretable balance, net	10,186				(2,069		)		—				—
Accretion	(23,929		)		23,929				(7,004		)		7,004
Transfers to REO	—				(8,943		)		—				—
Payments received, net	—				(72,953		)		—				(66,438		)
Balance at end of period	$	64,534			$	78,055			$	10,259			$	98,422

Schedule of Activity for FDIC Indemnification Asset

The following table shows the year to date activity for the FDIC indemnification asset:

	December 31, 2014				September 30, 2014
	(In thousands)
Balance at beginning of fiscal year 2014 and 2013	$	36,860			$	64,615
Additions	—				1,795
Payments made (received)	430				(2,502		)
Amortization	(7,074		)		(27,850		)
Accretion	140				802
Balance at end of period	$	30,356			$	36,860

Summary of Loans Based on Credit Quality Indicators

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

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

December 31, 2014	Internally Assigned Grade																				Total
	Pass				Special mention				Substandard				Doubtful				Loss				Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,484,864			$	2,357			$	120,987			$	—			$	—			$	5,608,208
Construction - speculative	147,979				—				4,471				—				—				152,450
Construction - custom	377,561				—				—				—				—				377,561
Land - acquisition & development	78,428				—				5,572				—				—				84,000
Land - consumer lot loans	103,890				—				602				—				—				104,492
Multi-family	971,647				—				6,105				—				—				977,752
Commercial real estate	566,553				1,955				28,928				—				—				597,436
Commercial & industrial	333,082				13,653				44,592				—				—				391,327
HELOC	117,799				—				248				—				—				118,047
Consumer	126,929				—				—				—				—				126,929
	8,308,732				17,965				211,505				—				—				8,538,202
Acquired loans
Single-family residential	11,163				—				—				—				—				11,163
Land - acquisition & development	479				—				393				—				—				872
Land - consumer lot loans	2,496				—				—				—				—				2,496
Multi-family	2,954				—				—				—				—				2,954
Commercial real estate	83,991				742				7,400				—				—				92,133
Commercial & industrial	45,643				13,001				171				21				—				58,836
HELOC	7,749				—				—				—				—				7,749
Consumer	4,369				—				—				—				—				4,369
	158,844				13,743				7,964				21				—				180,572
Credit impaired acquired loans
Pool 1 - Construction and land A&D	1,244				—				289				—				—				1,533
Pool 2 - Single-family residential	323				—				—				—				—				323
Pool 3 - Multi-family	—				—				—				—				—				—
Pool 4 - HELOC & other consumer	9,256				—				—				—				—				9,256
Pool 5 - Commercial real estate	48,716				—				11,571				—				—				60,287
Pool 6 - Commercial & industrial	452				2,803				—				—				—				3,255
Total credit impaired acquired loans	59,991				2,803				11,860				—				—				74,654
Total gross loans	$	8,527,567			$	34,511			$	231,329			$	21			$	—			$	8,793,428
Total grade as a % of total gross loans	97.0		%		0.4		%		2.6		%		—		%		—		%

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
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				1,375				58				—				51,386
HELOC	8,274				—				—				—				—				8,274
Consumer	5,670				—				—				—				—				5,670
	156,954				16,213				8,130				58				—				181,355
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				—				2,833				—				—				3,476
Total credit impaired acquired loans	61,332				2,143				15,865				—				—				79,340
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		%		—		%		—		%

Analysis of Age of Purchased Non-Credit Impaired Loans In Past Due Status

The following tables provide an analysis of the age of purchased non credit-impaired loans in past due status as of December 31, 2014 and September 30, 2014:

December 31, 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	$	21,876			$	21,306			$	27			$	201			$	342			$	570			2.61	%
Land - Acquisition & Development	389				353				—				—				36				36				9.25
Land - Consumer Lot Loans	73				73				—				—				—				—				—
Multi-Family	4,250				4,250				—				—				—				—				—
Commercial Real Estate	40,127				40,127				—				—				—				—				—
Commercial & Industrial	5,111				5,111				—				—				—				—				—
HELOC	11,226				11,197				29				—				—				29				0.26
Consumer	393				390				—				3				—				3				0.76
	$	83,445			$	82,807			$	56			$	204			$	378			$	638			0.76	%

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	%
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	%

Acquired or Covered Loans [Member]

Fair Value Inputs, Assets, Quantitative Information [Line Items]

Summary of Loans Based on Credit Quality Indicators

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

December 31, 2014	Internally Assigned Grade																				Total Net  Loans
	Pass				Special mention				Substandard				Doubtful				Loss
	(In thousands)
Purchased non credit-impaired loans:
Single-family residential	$	20,664			$	—			$	1,212			$	—			$	—			$	21,876
Land - acquisition & development	353				—				36				—				—				389
Land - consumer lot loans	73				—				—				—				—				73
Multi-family	4,250				—				—				—				—				4,250
Commercial real estate	25,317				—				14,810				—				—				40,127
Commercial & industrial	2,476				—				2,635				—				—				5,111
HELOC	11,226				—				—				—				—				11,226
Consumer	393				—				—				—				—				393
	64,752				—				18,693				—				—				83,445
Total grade as a % of total net loans	77.6		%		—		%		22.4		%		—		%		—		%
Purchased credit-impaired loans:
Pool 1 - Construction and land A&D	7,128				—				12,142				—				—				19,270
Pool 2 - Single-family residential	15,061				—				324				—				—				15,385
Pool 3 - Multi-family	51				—				440				—				—				491
Pool 4 - HELOC & other consumer	2,772				—				1,167				—				—				3,939
Pool 5 - Commercial real estate	33,543				692				28,437				—				—				62,672
Pool 6 - Commercial & industrial	3,125				—				3,793				517				—				7,435
	$	61,680			$	692			$	46,303			$	517			$	—			109,192
													Total covered loans								192,637
																	Discount				(28,916		)
																	Allowance				(2,243		)
																	Covered loans, net				$	161,478

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
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

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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

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