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Loans Receivable (excluding Covered Loans) (Tables)

6 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Schedule of Loans Receivable (excluding Covered Loans)

	March 31, 2015							September 30, 2014
	(In thousands)
Non-acquired loans
Single-family residential	$	5,535,104			61.4	%		$	5,560,203			64.1	%
Construction - speculative	163,657				1.8			140,060				1.6
Construction - custom	370,693				4.1			385,824				4.5
Land - acquisition & development	105,058				1.2			77,832				0.9
Land - consumer lot loans	102,082				1.2			108,623				1.3
Multi-family	1,010,003				11.2			917,286				10.6
Commercial real estate	741,137				8.2			591,336				6.9
Commercial & industrial	408,358				4.6			379,226				4.4
HELOC	120,901				1.3			116,042				1.4
Consumer	218,680				2.5			132,590				1.5
Total non-acquired loans	8,775,673				97.5			8,409,022				97.2
Non-impaired acquired loans
Single-family residential	10,977				0.1			11,716				0.1
Construction - speculative	—				—			—				—
Construction - custom	—				—			—				—
Land - acquisition & development	728				—			905				—
Land - consumer lot loans	2,476				—			2,507				—
Multi-family	2,912				—			2,999				—
Commercial real estate	87,313				1.0			97,898				1.1
Commercial & industrial	55,659				0.6			51,386				0.6
HELOC	6,700				0.1			8,274				0.1
Consumer	2,794				—			5,670				0.1
Total non-impaired acquired loans	169,559				1.8			181,355				2.0
Credit-impaired acquired loans
Single-family residential	322				—			325				—
Construction - speculative	—				—			—				—
Land - acquisition & development	1,395				—			1,622				—
Multi-family	—				—			—				—
Commercial real estate	56,727				0.6			63,723				0.7
Commercial & industrial	2,190				—			3,476				—
HELOC	8,838				0.1			10,139				0.1
Consumer	51				—			55				—
Total credit-impaired acquired loans	69,523				0.7			79,340				0.8
Total loans
Single-family residential	5,546,403				61.5			5,572,244				64.2
Construction - speculative	163,657				1.8			140,060				1.6
Construction - custom	370,693				4.1			385,824				4.5
Land - acquisition & development	107,181				1.2			80,359				0.9
Land - consumer lot loans	104,558				1.2			111,130				1.3
Multi-family	1,012,915				11.2			920,285				10.6
Commercial real estate	885,177				9.8			752,957				8.7
Commercial & industrial	466,207				5.2			434,088				5.0

HELOC	136,439				1.5			134,455				1.6
Consumer	221,525				2.5			138,315				1.6
Total Loans	9,014,755				100	%		8,669,717				100	%
Less:
Allowance for probable losses	108,323							112,347
Loans in process	426,836							346,172
Discount on acquired loans	20,845							25,391
Deferred net origination fees	37,763							37,485
	593,767							521,395
	$	8,420,988						$	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 non-impaired and credit-impaired loans (excluding covered loans) for the six months ended March 31, 2015 and the fiscal year ended September 30, 2014 were as follows:

March 31, 2015	Acquired Impaired								Acquired Non-impaired
	Accretable Yield				Net 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
Additions	—				—				346				—
Accretion	(6,036		)		6,036				(1,810		)		1,810
Transfers to REO	—				—				—				—
Payments received, net	—				(12,362		)		—				(12,516		)
Balance as of end of period	$	26,555			$	51,445			$	2,790			$	166,734

September 30, 2014	Acquired Impaired								Acquired Non-impaired
	Accretable Yield				Net 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 (excluding covered loans) held by the Company as of the dates indicated:

	March 31, 2015							September 30, 2014
	(In thousands)
Non-accrual loans:
Single-family residential	$	59,948			79.0	%		$	74,067			84.8	%
Construction - speculative	1,152				1.5			1,477				1.7
Land - acquisition & development	—				—			811				0.9
Land - consumer lot loans	2,246				3.0			2,637				3.0
Multi-family	—				—			1,742				2.0
Commercial real estate	5,735				7.6			5,106				5.8
Commercial & industrial	5,018				6.6			7				—
HELOC	1,175				1.5			795				0.9
Consumer	576				0.8			789				0.9
Total non-accrual loans	$	75,850			100	%		$	87,431			100	%

Analysis of Age of Loans in Past Due Status

The following tables provide an analysis of the age of loans (excluding covered loans) in past due status as of March 31, 2015 and September 30, 2014, respectively.

March 31, 2015	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	$	5,532,553			$	5,450,820			$	19,822			$	8,082			$	53,829			$	81,733			1.48	%
Construction - Speculative	105,392				103,044				2,348				—				—				2,348				2.23
Construction - Custom	201,777				200,608				355				814				—				1,169				0.58
Land - Acquisition & Development	90,838				90,838				—				—				—				—				—
Land - Consumer Lot Loans	102,003				98,717				466				478				2,342				3,286				3.22
Multi-Family	941,122				940,175				620				—				327				947				0.10
Commercial Real Estate	627,843				627,209				62				93				479				634				0.10
Commercial & Industrial	407,763				407,698				65				—				—				65				0.02
HELOC	120,904				120,098				150				74				582				806				0.67
Consumer	218,700				218,084				414				160				42				616				0.28
Total non-acquired loans	8,348,895				8,257,291				24,302				9,701				57,601				91,604				1.10	%
Non-impaired acquired loans
Single-Family Residential	10,976				10,819				133				—				24				157				1.43	%
Land - Acquisition & Development	728				728				—				—				—				—				—
Land - Consumer Lot Loans	2,474				2,139				218				—				117				335				13.54
Multi-Family	2,912				2,912				—				—				—				—				—
Commercial Real Estate	87,290				85,063				492				1,561				174				2,227				2.55
Commercial & Industrial	55,670				55,670				—				—				—				—				—
HELOC	6,700				6,201				275				—				224				499				7.45
Consumer	2,774				2,326				54				—				394				448				16.15
Total non-impaired acquired loans	169,524				165,858				1,172				1,561				933				3,666				2.16	%
Credit-impaired acquired loans
Single-Family Residential	322				322				—				—				—				—				—	%
Land - Acquisition & Development	1,395				1,395				—				—				—				—				—
Commercial Real Estate	56,717				54,366				387				516				1,448				2,351				4.15
Commercial & Industrial	2,179				2,179				—				—				—				—				—
HELOC	8,836				8,748				—				—				88				88				1.00
Consumer	51				51				—				—				—				—				—
Total credit-impaired acquired loans	69,500				67,061				387				516				1,536				2,439				3.51	%
Total Loans	$	8,587,919			$	8,490,210			$	25,861			$	11,778			$	60,070			$	97,709			1.14	%

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)
Non-acquired loans
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	%
Non-impaired 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 non-impaired 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 March 31,
	2015											2014
				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	14			$	2,664			$	2,664			23			$	4,218			$	4,218
Land - Consumer Lot Loans	4			720				720				1			83				83
Commercial Real Estate	3			3,175				3,175				—			—				—
	21			$	6,559			$	6,559			24			$	4,301			$	4,301
	Six Months Ended March 31,
	2015											2014
				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	49			12,264				12,264				38			7,067				7,067
Construction - Speculative	2			718				718				—			—				—
Construction - Custom	—			—				—				—			—				—
Land - Consumer Lot Loans	6			1,252				1,252				4			358				358
Commercial Real Estate	3			3,175				3,175				—			—				—
Consumer	1			85				85				—			—				—
	61			$	17,494			$	17,494			42			$	7,425			$	7,425

Schedule of Loan Modifications

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

	Quarter Ended March 31,
	2015							2014
	Number of			Recorded				Number of			Recorded
	Contracts			Investment				Contracts			Investment
	(In thousands)							(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	2			$	304			23			$	4,218
Land - Consumer Lot Loans	2			301				1			83
	4			$	605			24			$	4,301
	Six Months Ended March 31,
	2015							2014
	Number of			Recorded				Number of			Recorded
	Contracts			Investment				Contracts			Investment
	(In thousands)							(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-Family Residential	7			$	1,237			38			$	7,067
Land - Consumer Lot Loans	3			389				4			358
	10			$	1,626			42			$	7,425

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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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