XML 37 R22.htm IDEA: XBRL DOCUMENT v3.2.0.727

Covered Assets (Tables)

9 Months Ended

Jun. 30, 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 June 30, 2015 and the fiscal year ended September 30, 2014 were as follows:

June 30, 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
Transfer to non-covered	(23,167		)		(15,866		)		(1,482		)		(33,649		)
Reclassification from nonaccretable balance, net	6,307				—				—				—
Accretion	(11,577		)		11,577				(4,358		)		4,358
Transfers to REO	—				(1,893		)		—				—
Payments received, net	—				(19,845		)		—				(43,848		)
Balance at end of period	$	36,097			$	52,028			$	4,419			$	25,283

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:

	June 30, 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)	714				(2,502		)
Amortization	(17,418		)		(27,850		)
Accretion	422				802
Balance at end of period	$	18,783			$	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 (net of LIP and excluding covered loans) based on credit quality indicators as defined above as of June 30, 2015 and September 30, 2014.

June 30, 2015	Internally Assigned Grade																				Total
	Pass				Special mention				Substandard				Doubtful				Loss				Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,456,628			$	—			$	90,313			$	—			$	—			$	5,546,941
Construction - speculative	114,706				—				3,005				—				—				117,711
Construction - custom	204,914				—				—				—				—				204,914
Land - acquisition & development	67,726				—				5,130				—				—				72,856
Land - consumer lot loans	102,007				—				429				—				—				102,436
Multi-family	1,009,785				—				3,960				—				—				1,013,745
Commercial real estate	682,908				5,068				9,984				—				—				697,960
Commercial & industrial	411,925				965				38,583				—				—				451,473
HELOC	122,626				—				248				—				—				122,874
Consumer	205,950				—				—				—				—				205,950
	8,379,175				6,033				151,652				—				—				8,536,860
Non-impaired acquired loans
Single-family residential	12,872				—				23				—				—				12,895
Land - acquisition & development	651				—				377				—				—				1,028
Land - consumer lot loans	2,355				—				117				—				—				2,472
Multi-family	3,692				—				—				—				—				3,692
Commercial real estate	86,529				511				14,502				—				—				101,542
Commercial & industrial	54,243				1,228				2,141				—				—				57,612
HELOC	6,414				—				—				—				—				6,414
Consumer	2,484				—				413				—				—				2,897
	169,240				1,739				17,573				—				—				188,552
Credit-impaired acquired loans
Pool 1 - Construction and land A&D	6,655				—				2,305				—				—				8,960
Pool 2 - Single-family residential	320				—				—				—				—				320
Pool 3 - Multi-family	—				—				—				—				—				—
Pool 4 - HELOC & other consumer	8,598				—				638				—				—				9,236
Pool 5 - Commercial real estate	47,715				—				22,811				—				—				70,526
Pool 6 - Commercial & industrial	2,931				—				375				—				—				3,306
Total credit impaired acquired loans	66,219				—				26,129				—				—				92,348
Total gross loans	$	8,614,634			$	7,772			$	195,354			$	—			$	—			$	8,817,760
Total grade as a % of total gross loans	97.7		%		0.1		%		2.2		%		—		%		—		%

September 30, 2014	Internally Assigned Grade																				Total
	Pass				Special mention				Substandard				Doubtful				Loss				Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,424,624			$	2,793			$	130,339			$	—			$	—			$	5,557,756
Construction - speculative	81,931				—				5,104				—				—				87,035
Construction - custom	192,098				—				—				—				—				192,098
Land - acquisition & development	61,949				—				6,117				—				—				68,066
Land - consumer lot loans	107,979				—				610				—				—				108,589
Multi-family	887,639				—				4,556				—				—				892,195
Commercial real estate	495,892				1,971				31,441				—				—				529,304
Commercial & industrial	359,168				14,740				5,265				—				—				379,173
HELOC	115,794				—				248				—				—				116,042
Consumer	132,444				—				241				—				—				132,685
	7,859,518				19,504				183,921				—				—				8,062,943
Non-impaired acquired loans
Single-family residential	11,716				—				—				—				—				11,716
Land - acquisition & development	503				—				402				—				—				905
Land - consumer lot loans	2,502				—				—				—				—				2,502
Multi-family	2,999				—				—				—				—				2,999
Commercial real estate	88,940				2,571				6,353				—				—				97,864
Commercial & industrial	36,309				13,642				1,375				58				—				51,384
HELOC	8,274				—				—				—				—				8,274
Consumer	5,670				—				—				—				—				5,670
	156,913				16,213				8,130				58				—				181,314
Credit-impaired acquired loans
Pool 1 - Construction and land A&D	1,251				—				330				—				—				1,581
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	48,867				2,143				12,702				—				—				63,712
Pool 6 - Commercial & industrial	643				—				2,833				—				—				3,476
Total credit impaired acquired loans	61,280				2,143				15,865				—				—				79,288
Total gross loans	$	8,077,711			$	37,860			$	207,916			$	58			$	—			$	8,323,545
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):

June 30, 2015	Performing Loans							Non-Performing Loans
	Amount				% of Total Gross  Loans			Amount				% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,490,303			99.0	%		$	56,638			1.0	%
Construction - speculative	116,949				99.4			762				0.6
Construction - custom	204,559				99.8			355				0.2
Land - acquisition & development	71,471				100.0			—				—
Land - consumer lot loans	101,128				98.4			1,308				1.6
Multi-family	1,012,250				99.8			786				0.2
Commercial real estate	693,479				99.7			2,852				0.3
Commercial & industrial	450,124				99.8			1,205				0.2
HELOC	121,985				99.3			889				0.7
Consumer	205,437				99.8			513				0.2
	$	8,467,685			99.2	%		$	65,308			0.8	%

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 June 30, 2015 and September 30, 2014:

June 30, 2015	Internally Assigned Grade																				Total Net  Loans
	Pass				Special mention				Substandard				Doubtful				Loss
	(In thousands)
Acquired non-impaired loans:
Single-family residential	$	15,300			$	—			$	593			$	—			$	—			$	15,893
Commercial & industrial	—				—				28				—				—				28
HELOC	9,214				—				—				—				—				9,214
	$	24,514			$	—			$	621			$	—			$	—			$	25,135
Total grade as a % of total net loans	97.5		%		—		%		2.5		%		—		%		—		%
Acquired credit-impaired loans:
Pool 1 - Construction and land A&D	$	151			$	—			$	1,613			$	—			$	—			$	1,764
Pool 2 - Single-family residential	14,375				—				331				—				—				14,706
Pool 3 - Multi-family	48				—				377				—				—				425
Pool 4 - HELOC & other consumer	2,611				—				—				—				—				2,611
Pool 5 - Commercial real estate	23,805				—				11,048				—				—				34,853
Pool 6 - Commercial & industrial	394				—				1,276				—				—				1,670
	$	41,384			$	—			$	14,645			$	—			$	—			56,029
													Total covered loans								81,164
																	Discount				(3,853		)
																	Allowance				—
																	Covered loans, net				$	77,311

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
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 June 30, 2015 and September 30, 2014:

June 30, 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 Past Due
Single-family residential	$	15,893			$	15,300			$	—			$	214			$	379			$	593			3.73	%
Commercial & industrial	28				28				—				—				—				—				—
HELOC	9,214				9,204				10				—				—				10				0.11
	$	25,135			$	24,532			$	10			$	214			$	379			$	603			2.40	%

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 Past Due
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	%

X

- 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 55



-Paragraph 19



-URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525



Reference 2: 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=49124121&loc=SL6953659-111524

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Analysis of Aging of Non-Credit Impaired Loans [Table Text Block]

+ References

No definition available.

+ Details

Name:	wfsl_AnalysisOfAgingOfNonCreditImpairedLoansTableTextBlock
Namespace Prefix:	wfsl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Covered Assets [Abstract]

+ References

No definition available.

+ Details

Name:	wfsl_CoveredAssetsAbstract
Namespace Prefix:	wfsl_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of Activity for FDIC Indemnification Asset [Table Text Block]

+ References

No definition available.

+ Details

Name:	wfsl_ScheduleOfActivityForFdicIndemnificationAssetTableTextBlock
Namespace Prefix:	wfsl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

No definition available.

+ Details

Name:	wfsl_ScheduleOfChangesInCarryingAmountAndAccretableYieldOfAssetsTableTextBlock
Namespace Prefix:	wfsl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration