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Derivatives and Hedging Activities (Tables)
6 Months Ended
Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value and Balance Sheet Classification
Although management is not aware of any factors that would materially affect the estimated fair value amounts presented below, such amounts have not been comprehensively revalued for purposes of these financial statements since the dates shown, and therefore, estimates of fair value subsequent to those dates may differ significantly from the amounts presented below. 
 
 
 
 
March 31, 2015
 
September 30, 2014
 
 
Level in Fair Value Hierarchy
 
Carrying
Amount
 
Estimated
Fair Value
 
Carrying
Amount
 
Estimated
Fair Value
 
 
 
 
(In thousands)
Financial assets
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
1
 
$
675,064

 
$
675,064

 
$
781,843

 
$
781,843

Available-for-sale securities
 
 
 
 
 
 
 
 
 
 
Equity securities
 
1
 
102,277

 
102,277

 
101,387

 
101,387

Obligations of U.S. government
 
2
 
534,445

 
534,445

 
731,943

 
731,943

Obligations of states and political subdivisions
 
2
 
24,013

 
24,013

 
23,681

 
23,681

Corporate debt securities
 
2
 
528,564

 
528,564

 
509,007

 
509,007

Mortgage-backed securities
 
 
 
 
 
 
 
 
 
 
Agency pass-through certificates
 
2
 
1,456,945

 
1,456,945

 
1,584,508

 
1,584,508

Other Commercial MBS
 
2
 
110,662

 
110,662

 
98,916

 
98,916

Total available-for-sale securities
 
 
 
2,756,906

 
2,756,906

 
3,049,442

 
3,049,442

Held-to-maturity securities
 
 
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
 
 
 
 
 
 
 
 
 
Agency pass-through certificates
 
2
 
1,479,781

 
1,480,477

 
1,548,265

 
1,499,218

Total held-to-maturity securities
 
 
 
1,479,781

 
1,480,477

 
1,548,265

 
1,499,218

 
 
 
 
 
 
 
 
 
 
 
Loans receivable
 
3
 
8,420,988

 
9,038,242

 
8,148,322

 
8,667,771

Covered loans
 
3
 
138,005

 
144,672

 
176,476

 
176,761

FDIC indemnification asset
 
3
 
23,115

 
22,543

 
36,860

 
35,976

FHLB and FRB stock
 
2
 
150,918

 
150,918

 
158,839

 
158,839

Bank owned life insurance
 
1
 
100,961

 
100,961

 

 

 
 
 
 
 
 
 
 
 
 
 
Financial liabilities
 
 
 
 
 
 
 
 
 
 
Customer accounts
 
2
 
10,692,625

 
10,057,164

 
10,716,928

 
9,946,586

FHLB advances
 
2
 
1,830,000

 
1,962,356

 
1,930,000

 
2,054,437

FDIC liability
 
2
 
29,825

 
29,825

 
28,823

 
28,823

        Other liabilities - long term borrowing hedge
 
2
 

 
(9,503
)
 

 
(268
)
The following table presents the fair value and balance sheet classification of derivatives at March 31, 2015 and September 30, 2014:
 
 
Asset Derivatives
 
Liability Derivatives
 
 
March 31, 2015
 
September 30, 2014
 
March 31, 2015
 
September 30, 2014
 
 
Balance Sheet
 
 
 
Balance Sheet
 
 
 
Balance Sheet
 
 
 
Balance Sheet
 
 
 
 
Location
 
Fair Value
 
Location
 
Fair Value
 
Location
 
Fair Value
 
Location
 
Fair Value
 
 
(In thousands)
Interest rate contracts
 
Other assets
 
$
8,562

 
Other assets
 
$
2,879

 
Other liabilities
 
$
8,562

 
Other liabilities
 
$
2,879

Long term borrowing hedge
 
Other assets
 

 
Other assets
 

 
Other liabilities
 
9,503

 
Other liabilities
 
268