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Allowance for Losses on Loans (Tables)

3 Months Ended

Dec. 31, 2015

Receivables [Abstract]

Summary of Activity in Allowance for Loan Losses

The following tables summarize the activity in the allowance for loan losses.

Three Months Ended December 31, 2015	Beginning Allowance				Charge-offs				Recoveries				Provision & Transfers				Ending Allowance
	(In thousands)
Single-family residential	$	47,347			$	(1,139	)		$	2,466			$	(918	)		$	47,756
Construction	6,680				—				155				179				7,014
Construction - custom	990				(60		)		—				132				1,062
Land - acquisition & development	5,781				—				35				962				6,778
Land - consumer lot loans	2,946				(408		)		—				463				3,001
Multi-family	5,304				—				—				(257		)		5,047
Commercial real estate	8,960				(23		)		123				1,284				10,344
Commercial & industrial	24,980				(248		)		1				(637		)		24,096
HELOC	902				(1		)		21				(102		)		820
Consumer	2,939				(242		)		392				(1,106		)		1,983
	$	106,829			$	(2,121	)		$	3,193			$	—			$	107,901

Fiscal Year Ended September 30, 2015	Beginning Allowance				Charge-offs				Recoveries				Provision & Transfers				Ending Allowance
	(In thousands)
Single-family residential	$	62,763			$	(5,524	)		$	13,403			$	(23,295	)		$	47,347
Construction	6,742				(388		)		$	120			206				6,680
Construction - custom	1,695				—				—				(705		)		990
Land - acquisition & development	5,592				(38		)		207				20				5,781
Land - consumer lot loans	3,077				(459		)		221				107				2,946
Multi-family	4,248				—				220				836				5,304
Commercial real estate	7,548				(1,711		)		735				2,388				8,960
Commercial & industrial	16,527				(3,354		)		1,374				10,433				24,980
HELOC	928				(66		)		2				38				902
Consumer	3,227				(3,060		)		3,688				(916		)		2,939
Covered loans	2,244				—				—				(2,244		)		—
	$	114,591			$	(14,600	)		$	19,970			$	(13,132	)		$	106,829

Summary of Loans Collectively and Individually Evaluated for Impairment and Related Allocation of Reserves

The following tables show loans collectively and individually evaluated for impairment and the related allocation of general and specific reserves.

December 31, 2015	Loans Collectively Evaluated for Impairment											Loans Individually Evaluated for Impairment
	Allowance Allocation				Recorded Investment of Loans (1)				Ratio			Allowance Allocation				Recorded Investment of Loans (1)				Ratio
	(In thousands)											(In thousands)
Single-family residential	$	47,625			$	5,614,580			0.8	%		$	130			$	14,206			0.9	%
Construction	7,014				121,689				5.8			—				—				—
Construction - custom	1,062				218,749				0.5			—				2,578				—
Land - acquisition & development	6,778				77,223				8.8			—				6,649				—
Land - consumer lot loans	3,001				91,664				3.3			—				10,658				—
Multi-family	5,048				1,085,243				0.5			—				3,500				—
Commercial real estate	10,344				939,248				1.1			—				9,811				—
Commercial & industrial	24,096				776,240				3.1			—				27				—
HELOC	820				126,596				0.6			—				1,310				—
Consumer	1,983				180,814				1.1			—				328				—
	$	107,771			$	9,232,046			1.2	%		$	130			$	49,067			0.3	%

(1) Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans

September 30, 2015	Loans Collectively Evaluated for Impairment											Loans Individually Evaluated for Impairment
	Allowance Allocation				Recorded Investment of Loans (1)				Ratio			Allowance Allocation				Recorded Investment of Loans (1)				Ratio
	(In thousands)											(In thousands)
Single-family residential	$	47,073			$	5,595,752			0.8	%		$	275			$	51,718			0.5	%
Construction	6,680				124,679				5.4			—				5,441				—
Construction - custom	990				205,692				0.5			—				—				—
Land - acquisition & development	5,781				72,602				8.0			—				2,198				—
Land - consumer lot loans	2,946				93,103				3.2			—				10,824				—
Multi-family	5,304				1,062,194				0.5			—				5,348				—
Commercial real estate	8,960				844,691				1.1			—				8,826				—
Commercial & industrial	24,980				643,577				3.9			—				—				—
HELOC	902				126,594				0.7			—				1,072				—
Consumer	2,938				194,569				1.5			—				86				—
	$	106,554			$	8,963,453			1.2	%		$	275			$	85,513			0.3	%

(1) Excludes acquired loans with discounts sufficient to absorb potential losses and covered loans

Summary of Loans Based on Credit Quality Indicators

The following tables provide information on loans based on risk rating categories as defined above.

December 31, 2015	Internally Assigned Grade
	Pass				Special mention				Substandard				Doubtful				Loss				Total Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,551,785			$	—			$	77,930			$	—			$	—			$	5,629,715
Construction	655,964				4,274				—				—				—				660,238
Construction - custom	402,000				—				2,849				—				—				404,849
Land - acquisition & development	87,772				5,627				3,626				—				—				97,025
Land - consumer lot loans	100,125				—				2,251				—				—				102,376
Multi-family	997,696				—				—				—				—				997,696
Commercial real estate	813,974				8,111				17,073				—				—				839,157
Commercial & industrial	713,240				3,058				34,775				—				—				751,073
HELOC	127,198				—				721				—				—				127,919
Consumer	180,892				—				250				—				—				181,142
	9,630,645				21,070				139,475				—				—				9,791,190
Non-impaired acquired loans	152,761				—				11,619				—				—				164,380
Credit-impaired acquired loans	79,555				199				36,276				—				—				116,030
Covered loans	37,555				—				1,029				—				—				38,584
Total gross loans	$	9,900,516			$	21,269			$	188,399			$	—			$	—			$	10,110,184
Total grade as a % of total gross loans	97.9		%		0.2		%		1.9		%		—		%		—		%

September 30, 2015	Internally Assigned Grade
	Pass				Special mention				Substandard				Doubtful				Loss				Total Gross Loans
	(In thousands)
Non-acquired loans
Single-family residential	$	5,558,700			$	—			$	93,145			$	—			$	—			$	5,651,845
Construction	197,935				—				2,574				—				—				200,509
Construction - custom	396,307				—				—				—				—				396,307
Land - acquisition & development	89,656				—				4,552				—				—				94,208
Land - consumer lot loans	103,569				—				420				—				—				103,989
Multi-family	1,118,673				865				6,184				—				—				1,125,722
Commercial real estate	971,510				4,360				10,400				—				—				986,270
Commercial & industrial	575,034				1,496				36,306				—				—				612,836
HELOC	127,398				—				248				—				—				127,646
Consumer	194,451				—				204				—				—				194,655
	9,333,233				6,721				154,033				—				—				9,493,987
Non-impaired acquired loans	149,891				—				16,402				—				—				166,293
Credit-impaired acquired loans	61,019				—				26,062				—				—				87,081
Covered loans	61,776				—				14,133				—				—				75,909
Total gross loans	$	9,605,919			$	6,721			$	210,630			$	—			$	—			$	9,823,270
Total grade as a % of total gross loans	97.8		%		0.1		%		2.1		%		—		%		—		%

The following tables provide information on loans (excluding acquired and covered loans) based on borrower payment activity.

December 31, 2015	Performing Loans							Non-Performing Loans
	Amount				% of Total Gross  Loans			Amount				% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,585,859			99.2	%		$	43,856			0.8	%
Construction	660,238				100.0			—				—
Construction - custom	402,331				99.4			2,518				0.6
Land - acquisition & development	96,516				99.5			509				0.5
Land - consumer lot loans	101,437				99.1			939				0.9
Multi-family	996,158				99.8			1,538				0.2
Commercial real estate	832,476				99.2			6,681				0.8
Commercial & industrial	750,958				100.0			115				—
HELOC	127,446				99.6			473				0.4
Consumer	181,023				99.9			119				0.1
	$	9,734,442			99.4	%		$	56,748			0.6	%

September 30, 2015	Performing Loans							Non-Performing Loans
	Amount				% of Total Gross  Loans			Amount				% of Total Gross  Loans
	(In thousands)
Single-family residential	$	5,592,771			99.0	%		$	59,074			1.0	%
Construction	199,755				99.6			754				0.4
Construction - custom	395,575				99.8			732				0.2
Land - acquisition & development	94,208				100.0			—				—
Land - consumer lot loans	102,716				98.8			1,273				1.2
Multi-family	1,123,165				99.8			2,558				0.2
Commercial real estate	984,093				99.8			2,176				0.2
Commercial & industrial	612,836				100.0			—				—
HELOC	127,083				99.6			563				0.4
Consumer	193,975				99.7			680				0.3
	$	9,426,177			99.3	%		$	67,810			0.7	%

Summary of Impaired Loans Based on Type

The following tables provide information on impaired loan balances and the related allowances by loan types.

December 31, 2015	Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	14,791			$	16,304			$	—			$	12,837
Construction	—				—				—				—
Construction - custom	1,182				1,182				—				868
Land - acquisition & development	542				8,630				—				1,327
Land - consumer lot loans	510				527				—				427
Multi-family	761				4,754				—				1,117
Commercial real estate	7,331				8,671				—				4,686
Commercial & industrial	953				6,687				—				948
HELOC	262				631				—				245
Consumer	479				479				—				385
	26,811				47,865				—				22,840
With an allowance recorded:
Single-family residential	246,210				249,530				6,339				246,922
Construction	—				—				—				—
Construction - custom	—				—				—				—
Land - acquisition & development	2,101				3,303				—				2,294
Land - consumer lot loans	11,080				11,345				—				11,120
Multi-family	2,430				2,435				—				2,437
Commercial real estate	23,802				27,168				—				24,042
Commercial & industrial	—				—				—				—
HELOC	1,393				1,393				—				1,393
Consumer	97				286				—				98
	287,113				295,460				6,339			(1)	288,306
Total:
Single-family residential	261,001				265,834				6,339				259,759
Construction	—				—				—				—
Construction - custom	1,182				1,182				—				868
Land - acquisition & development	2,643				11,933				—				3,621
Land - consumer lot loans	11,590				11,872				—				11,547
Multi-family	3,191				7,189				—				3,554
Commercial real estate	31,133				35,839				—				28,728
Commercial & industrial	953				6,687				—				948
HELOC	1,655				2,024				—				1,638
Consumer	576				765				—				483
	$	313,924			$	343,325			$	6,339		(1)	$	311,146

(1) Includes $130,000 of specific reserves and $6,209,000 included in the general reserves.

September 30, 2015	Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment
	(In thousands)
With no related allowance recorded:
Single-family residential	$	17,250			$	19,644			$	—			$	14,069
Construction	453				2,151				—				471
Construction - custom	554				554				—				182
Land - acquisition & development	2,570				9,426				—				926
Land - consumer lot loans	727				814				—				544
Multi-family	3,770				7,054				—				1,545
Commercial real estate	9,427				15,620				—				8,130
Commercial & industrial	2,955				13,066				—				2,681
HELOC	683				1,532				—				536
Consumer	477				703				—				390
	38,866				70,564				—				29,474
With an allowance recorded:
Single-family residential	259,461				263,268				6,678				260,028
Construction	4,988				5,778				—				5,432
Land - acquisition & development	2,486				3,426				—				3,478
Land - consumer lot loans	11,289				11,554				—				11,324
Multi-family	3,823				3,823				—				3,732
Commercial real estate	19,124				21,078				—				18,886
HELOC	1,443				1,443				—				1,359
Consumer	99				289				—				102
	302,713				310,659				6,678			(1)	304,341
Total:
Single-family residential	276,711				282,912				6,678				274,097
Construction	5,441				7,929				—				5,903
Construction - custom	554				554				—				182
Land - acquisition & development	5,056				12,852				—				4,404
Land - consumer lot loans	12,016				12,368				—				11,868
Multi-family	7,593				10,877				—				5,277
Commercial real estate	28,551				36,698				—				27,016
Commercial & industrial	2,955				13,066				—				2,681
HELOC	2,126				2,975				—				1,895
Consumer	576				992				—				492
	$	341,579			$	381,223			$	6,678		(1)	$	333,815

(1) Includes $275,000 of specific reserves and $6,403,000 included in the general reser

X

- Definition

Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953423-111524

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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 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

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- Definition

Tabular disclosure of impaired financing receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=49124121&loc=d3e5212-111524

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Schedule of Loans Collectively and Individually Evaluated for Impairment [Table Text Block]

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