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Covered Assets (Tables)

6 Months Ended

Mar. 31, 2015

Covered Assets [Abstract]

Schedule of Changes in Carrying Amount and Accretable Yield of Assets

Changes in the net carrying amount and accretable yield for acquired impaired and non-impaired covered loans for the year to date period 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				Net Carrying Amount of Loans
	(In thousands)
Balance at beginning of period	$	64,534			$	78,055			$	10,259			$	98,422
Reclassification from nonaccretable balance, net	6,307				—				—				—
Accretion	(9,392		)		9,392				(4,016		)		4,016
Transfers to REO	—				(936		)		—				—
Payments received, net	—				(11,049		)		—				(40,452		)
Balance at end of period	$	61,449			$	75,462			$	6,243			$	61,986

September 30, 2014	Acquired Impaired								Acquired Non-impaired
	Accretable Yield				Net 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:

	March 31, 2015				September 30, 2014
	(In thousands)
Balance at beginning of fiscal year 2015 and 2014	$	36,860			$	64,615
Additions and deletions (1)	(1,795		)		1,795
Payments made (received)	738				(2,502		)
Amortization	(12,972		)		(27,850		)
Accretion	284				802
Balance at end of period	$	23,115			$	36,860
(1) reclassification of ALLL allowance due to changes in cash flows

Summary of Loans Based on Credit Quality Indicators

The following tables provide information on loans (excluding covered loans) based on credit quality indicators as defined above as of March 31, 2015 and September 30, 2014.

March 31, 2015	Internally Assigned Grade																				Total
	Pass				Special mention				Substandard				Doubtful				Loss				Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,426,579			$	2,343			$	106,182			$	—			$	—			$	5,535,104
Construction - speculative	157,847				—				5,810				—				—				163,657
Construction - custom	370,693				—				—				—				—				370,693
Land - acquisition & development	99,686				—				5,372				—				—				105,058
Land - consumer lot loans	101,505				—				577				—				—				102,082
Multi-family	1,004,149				—				5,854				—				—				1,010,003
Commercial real estate	728,274				—				12,863				—				—				741,137
Commercial & industrial	353,998				13,949				35,542				4,869				—				408,358
HELOC	120,653				—				248				—				—				120,901
Consumer	218,500				—				180				—				—				218,680
	8,581,884				16,292				172,628				4,869				—				8,775,673
Non-impaired acquired loans
Single-family residential	10,977				—				—				—				—				10,977
Land - acquisition & development	343				—				385				—				—				728
Land - consumer lot loans	2,476				—				—				—				—				2,476
Multi-family	2,912				—				—				—				—				2,912
Commercial real estate	81,059				514				5,740				—				—				87,313
Commercial & industrial	53,666				1,870				123				—				—				55,659
HELOC	6,700				—				—				—				—				6,700
Consumer	2,794				—				—				—				—				2,794
	160,927				2,384				6,248				—				—				169,559
Credit-impaired acquired loans
Pool 1 - Construction and land A&D	1,146				—				249				—				—				1,395
Pool 2 - Single-family residential	322				—				—				—				—				322
Pool 3 - Multi-family	—				—				—				—				—				—
Pool 4 - HELOC & other consumer	8,889				—				—				—				—				8,889
Pool 5 - Commercial real estate	45,472				1,773				9,482				—				—				56,727
Pool 6 - Commercial & industrial	2,190				—				—				—				—				2,190
Total credit impaired acquired loans	58,019				1,773				9,731				—				—				69,523
Total gross loans	$	8,800,830			$	20,449			$	188,607			$	4,869			$	—			$	9,014,755
Total grade as a % of total gross loans	97.6		%		0.2		%		2.1		%		0.1		%		—		%

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
Non-impaired 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		%		—		%		—		%

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

March 31, 2015	Performing Loans							Non-Performing Loans
	Amount				% of Total Gross  Loans			Amount				% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,474,323			98.9	%		$	60,781			1.1	%
Construction - speculative	162,505				99.3			1,152				0.7
Construction - custom	370,693				100.0			—				—
Land - acquisition & development	105,058				100.0			—				—
Land - consumer lot loans	99,624				97.6			2,458				2.4
Multi-family	1,010,003				100.0			—				—
Commercial real estate	735,402				99.2			5,735				0.8
Commercial & industrial	403,340				98.8			5,018				1.2
HELOC	119,726				99.0			1,175				1.0
Consumer	218,104				99.7			576				0.3
	$	8,698,778			99.1	%		$	76,895			0.9	%

September 30, 2014	Performing Loans							Non-Performing Loans
	Amount				% of Total Gross  Loans			Amount				% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,486,136			98.7	%		$	74,067			1.3	%
Construction - speculative	138,583				98.9			1,477				1.1
Construction - custom	385,824				100.0			—				—
Land - acquisition & development	77,021				99.0			811				1.0
Land - consumer lot loans	105,986				97.6			2,637				2.4
Multi-family	915,544				99.8			1,742				0.2
Commercial real estate	586,230				99.1			5,106				0.9
Commercial & industrial	379,219				100.0			7				—
HELOC	115,247				99.3			795				0.7
Consumer	131,801				99.4			789				0.6
	$	8,321,591			99.0	%		$	87,431			1.0	%

The following tables provide information on covered loans based on credit quality indicators (defined in Note E ) as of March 31, 2015 and September 30, 2014:

March 31, 2015	Internally Assigned Grade																				Total Net  Loans
	Pass				Special mention				Substandard				Doubtful				Loss
	(In thousands)
Acquired non-impaired loans:
Single-family residential	$	19,975			$	—			$	775			$	—			$	—			$	20,750
Construction - speculative	—				—				—				—				—				—
Construction - custom	—				—				—				—				—				—
Land - acquisition & development	349				—				—				—				—				349
Land - consumer lot loans	72				—				—				—				—				72
Multi-family	903				—				—				—				—				903
Commercial real estate	14,188				—				8,779				—				—				22,967
Commercial & industrial	2,241				—				2,142				—				—				4,383
HELOC	10,093				—				—				—				—				10,093
Consumer	336				—				—				—				—				336
	$	48,157			$	—			$	11,696			$	—			$	—			$	59,853
Total grade as a % of total net loans	80.5		%		—		%		19.5		%		—		%		—		%
Acquired credit-impaired loans:
Pool 1 - Construction and land A&D	$	6,639			$	—			$	9,424			$	—			$	—			$	16,063
Pool 2 - Single-family residential	14,700				—				228				—				—				14,928
Pool 3 - Multi-family	49				—				409				—				—				458
Pool 4 - HELOC & other consumer	2,728				—				581				—				—				3,309
Pool 5 - Commercial real estate	32,425				685				24,224				1,734				—				59,068
Pool 6 - Commercial & industrial	3,423				—				1,916				—				—				5,339
	$	59,964			$	685			$	36,782			$	1,734			$	—			99,165
													Total covered loans								159,018
																	Discount				(21,013		)
																	Allowance				—
																	Covered loans, net				$	138,005

September 30, 2014	Internally Assigned Grade																				Total Net  Loans
	Pass				Special mention				Substandard				Doubtful				Loss
	(In thousands)
Acquired non-impaired loans:
Single-family residential	$	21,311			$	—			$	1,756			$	—			$	—			$	23,067
Construction - speculative	—				—				—				—				—				—
Construction - custom	—				—				—				—				—				—
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		%		—		%		—		%
Acquired 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

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

The following tables provide an analysis of the age of acquired non credit-impaired covered loans in past due status as of March 31, 2015 and September 30, 2014:

March 31, 2015	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
Single-Family Residential	$	20,750			$	20,068			$	122			$	—			$	560			$	682			3.29	%
Construction - Speculative	—				—				—				—				—				—				—
Construction - Custom	—				—				—				—				—				—				—
Land - Acquisition & Development	349				349				—				—				—				—				—
Land - Consumer Lot Loans	72				72				—				—				—				—				—
Multi-Family	903				903				—				—				—				—				—
Commercial Real Estate	22,967				22,092				—				—				875				875				3.81
Commercial & Industrial	4,383				2,315				—				2,068				—				2,068				47.18
HELOC	10,093				10,035				58				—				—				58				0.57
Consumer	336				327				9				—				—				9				2.68
	$	59,853			$	56,161			$	189			$	2,068			$	1,435			$	3,692			6.17	%

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
Single-Family Residential	$	23,067			$	22,391			$	230			$	40			$	406			$	676			2.93	%
Construction - Speculative	—				—				—				—				—				—				—
Construction - Custom	—				—				—				—				—				—				—
Land - Acquisition & Development	1,364				1,328				—				—				36				36				2.64
Land - Consumer Lot Loans	73				73				—				—				—				—				—
Multi-Family	6,598				6,598				—				—				—				—				—
Commercial Real Estate	51,336				50,240				—				—				1,096				1,096				2.13
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	%

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- 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

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Schedule of Changes in Carrying Amount and Accretable Yield of Assets [Table Text Block]

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