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Loans Receivable (Tables)

9 Months Ended

Jun. 30, 2016

Receivables [Abstract]

Schedule of Loans Receivable

The following table is a summary of loans receivable.

	June 30, 2016						September 30, 2015
	(In thousands)						(In thousands)
Non-Acquired loans
Single-family residential	$	5,593,018		52.9	%		$	5,651,845		57.6	%
Construction	1,016,305			9.6			200,509			2.0
Construction - custom	409,116			3.9			396,307			4.0
Land - acquisition & development	101,849			1.0			94,208			1.0
Land - consumer lot loans	101,731			1.0			103,989			1.1
Multi-family	1,094,736			10.3			1,125,722			11.6
Commercial real estate	886,957			8.4			986,270			10.0
Commercial & industrial	810,442			7.7			612,836			6.2
HELOC	134,735			1.3			127,646			1.3
Consumer	154,261			1.4			194,655			2.0
Total non-acquired loans	10,303,150			97.5	%		9,493,987			96.8	%
Acquired loans	140,369			1.3			166,293			1.6
Credit impaired acquired loans	96,491			0.9			87,081			0.9
Covered loans	32,191			0.3			75,909			0.7
Total gross loans	10,572,201			100.0	%		9,823,270			100.0	%
Less:
Allowance for loan losses	111,016						106,829
Loans in process	780,721						476,796
Discount on acquired loans	14,775						30,095
Deferred net origination fees	37,113						38,916
Total loan contra accounts	943,625						652,636
Net Loans	$	9,628,576					$	9,170,634

Summary of Information Regarding Non-Accrual Loans

The following table sets forth information regarding non-accrual loans.

	June 30, 2016							September 30, 2015
	(In thousands)
Non-accrual loans:
Single-family residential	$	36,707			77.5	%		$	59,074			87.1	%
Construction	—				—			754				1.1
Construction - custom	506				1.1			732				1.1
Land - acquisition & development	427				0.9			—				—
Land - consumer lot loans	1,105				2.3			1,273				1.9
Multi-family	1,238				2.6			2,558				3.8
Commercial real estate	6,297				13.3			2,176				3.2
Commercial & industrial	521				1.1			—				—
HELOC	548				1.2			563				0.8
Consumer	—				—			680				1.0
Total non-accrual loans	$	47,349			100	%		$	67,810			100	%

Analysis of Age of Loans in Past Due Status

The following tables provide details regarding delinquent loans.

June 30, 2016	Loans Receivable				Days Delinquent Based on $ Amount of Loans																				% based on $
Type of Loan	Net of Loans In Process				Current				30				60				90				Total
	(In thousands)
Non-acquired loans
Single-Family Residential	$	5,596,644			$	5,542,000			$	14,268			$	6,679			$	33,697			$	54,644			0.98	%
Construction	442,810				442,810				—				—				—				—				—
Construction - Custom	213,465				212,690				110				159				506				775				0.36
Land - Acquisition & Development	86,243				85,775				—				—				468				468				0.54
Land - Consumer Lot Loans	102,248				100,304				738				101				1,105				1,944				1.90
Multi-Family	1,095,174				1,094,284				956				—				—				956				0.09
Commercial Real Estate	886,552				884,644				217				1,443				123				1,783				0.20
Commercial & Industrial	811,502				811,486				—				75				—				75				0.01
HELOC	134,151				133,236				297				70				548				915				0.68
Consumer	153,640				152,874				385				274				107				766				0.50
	9,522,429				9,460,103				16,971				8,801				36,554				62,326				0.65
Acquired loans	140,369				137,107				265				529				2,468				3,262				2.32
Credit impaired acquired loans	96,491				91,168				—				—				5,323				5,323				5.52
Covered loans	32,191				31,465				417				2				307				726				2.26
Total Loans	$	9,791,480			$	9,719,843			$	17,653			$	9,332			$	44,652			$	71,637			0.73	%
Delinquency %					99.27%				0.18%				0.10%				0.46%				0.73%

September 30, 2015	Loans Receivable				Days Delinquent Based on $ Amount of Loans																				% based on $
Type of Loan	Net of Loans In Process				Current				30				60				90				Total
	(In thousands)
Non-acquired loans
Single-Family Residential	$	5,655,928			$	5,590,673			$	17,305			$	7,757			$	40,193			$	65,255			1.15	%
Construction	130,121				130,121				—				—				—				—				—
Construction - Custom	205,692				204,168				791				270				463				1,524				0.74
Land - Acquisition & Development	75,661				74,737				406				—				518				924				1.22
Land - Consumer Lot Loans	104,494				102,045				689				399				1,361				2,449				2.34
Multi-Family	1,068,038				1,065,667				259				454				1,658				2,371				0.22
Commercial Real Estate	893,072				892,180				131				—				761				892				0.10
Commercial & Industrial	617,545				616,602				93				27				823				943				0.15
HELOC	127,648				127,196				174				27				251				452				0.35
Consumer	194,977				194,259				493				170				55				718				0.37
	9,073,176				8,997,648				20,341				9,104				46,083				75,528				0.83
Acquired loans	57,682				56,559				356				—				767				1,123				1.95
Credit impaired acquired loans	139,726				138,940				243				4				539				786				0.56
Covered loans	75,890				70,729				272				90				4,799				5,161				6.80
Total Loans	$	9,346,474			$	9,263,876			$	21,212			$	9,198			$	52,188			$	82,598			0.88	%
Delinquency %					99.12%				0.23%				0.10%				0.56%				0.88%

Schedule of Impaired Loans, Loan Commitments and Loans Serviced

The following tables provide information related to loans that were restructured in a troubled debt restructuring ("TDR") during the periods presented:

	Three Months Ended June 30,
	2016											2015
				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	7			$	1,492			$	1,492			8			$	1,611			$	1,611
Land - consumer lot loans	—			—				—				2			203				203
Commercial real estate	2			1,558				1,558				—			—				—
	9			$	3,050			$	3,050			10			$	1,814			$	1,814
	Nine Months Ended June 30,
	2016											2015
				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	17			$	3,322			$	3,322			57			$	13,875			$	13,875
Construction	—			—				—				2			718				718
Construction - custom	—			—				—				2			532				532
Land - consumer lot loans	—			—				—				6			923				923
Commercial real estate	7			2,523				2,523				3			3,175				3,175
Consumer	—			—				—				1			85				85
	24			$	5,845			$	5,845			71			$	19,308			$	19,308

Schedule of Loan Modifications

The following tables provide information on payment defaults occurring during the periods presented where the loan had been modified in a TDR within 12 months of the payment default.

	Three Months Ended June 30,
	2016							2015
	Number of			Recorded				Number of			Recorded
	Contracts			Investment				Contracts			Investment
	(In thousands)							(In thousands)
TDRs That Subsequently Defaulted:
Single-family residential	3			$	1,570			9			$	1,594
Construction	1			279				—			—
Land - consumer lot loans	2			204				2			301
Commercial real estate	1			174				—			—
	7			$	2,227			11			$	1,895
	Nine Months Ended June 30,
	2016							2015
	Number of			Recorded				Number of			Recorded
	Contracts			Investment				Contracts			Investment
	(In thousands)							(In thousands)
TDRs That Subsequently Defaulted:
Single-family residential	14			$	3,108			19			$	3,329
Construction	1			279				—			—
Land - consumer lot loans	4			498				7			991
Commercial real estate	2			326				—			—
	21			$	4,211			26			$	4,320

Schedule of Changes in the Accretable Yield for Credit Impaired Acquired Loans

The following table shows the changes in accretable yield for acquired impaired loans and acquired non-impaired loans (including covered loans).

	Nine Months Ended June 30, 2016																Year Ended September 30, 2015
	Acquired Impaired								Acquired Non-impaired								Acquired Impaired								Acquired Non-impaired
	Accretable Yield				Carrying Amount of Loans				Accretable Yield				Carrying Amount of Loans				Accretable Yield				Carrying Amount of Loans				Accretable Yield				Carrying Amount of Loans
	(In thousands)																(In thousands)
Beginning balance	$	72,705			$	111,300			$	7,204			$	187,080			$	97,125			$	135,826			$	14,513			$	275,862
Additions	—				—				—				—				—				—				—				—
Net reclassification from non-accretable	4,867				—				—				—				6,307				—				346				—
Accretion	(17,119		)		17,119				(2,210		)		2,210				(30,727		)		30,727				(7,655		)		7,655
Transfers to REO	—				(175		)		—				—				—				(2,975		)		—				(150		)
Payments received, net	—				(31,823		)		—				(31,439		)		—				(52,278		)		—				(96,287		)
Ending Balance	$	60,453			$	96,421			$	4,994			$	157,851			$	72,705			$	111,300			$	7,204			$	187,080

Schedule of Activity for FDIC Indemnification Asset

The following table shows activity for the FDIC indemnification asset:

	Nine Months Ended June 30, 2016				Year Ended September 30, 2015
	(In thousands)
Balance at beginning of period	$	16,275			$	36,860
Additions/Adjustments	—				(1,795		)
Payments received	(1,827		)		(720		)
Amortization	(1,385		)		(18,588		)
Accretion	187				518
Balance at end of period	$	13,250			$	16,275

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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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