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Derivatives and Hedging Activities (Tables)
9 Months Ended
Jun. 30, 2016
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. 
 
 
 
 
June 30, 2016
 
September 30, 2015
 
 
Level in Fair Value Hierarchy
 
Carrying
Amount
 
Estimated
Fair Value
 
Carrying
Amount
 
Estimated
Fair Value
 
 
 
 
(In thousands)
Financial assets
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
1
 
$
530,055

 
$
530,055

 
$
284,049

 
$
284,049

Available-for-sale securities
 
 
 
 
 
 
 
 
 
 
Equity securities
 
1
 
101,885

 
101,885

 
101,952

 
101,952

Obligations of U.S. government
 
2
 
249,053

 
249,053

 
482,464

 
482,464

Obligations of states and political subdivisions
 
2
 
27,488

 
27,488

 
27,123

 
27,123

Corporate debt securities
 
2
 
460,399

 
460,399

 
505,800

 
505,800

Mortgage-backed securities
 
 
 
 
 
 
 
 
 
 
Agency pass-through certificates
 
2
 
1,046,506

 
1,046,506

 
1,160,518

 
1,160,518

Commercial MBS
 
2
 
84,538

 
84,538

 
102,706

 
102,706

Total available-for-sale securities
 
 
 
1,969,869

 
1,969,869

 
2,380,563

 
2,380,563

Held-to-maturity securities
 
2
 
 
 
 
 
 
 
 
Mortgage-backed securities
 
 
 
 
 
 
 
 
 
 
Agency pass-through certificates
 
2
 
1,492,480

 
1,512,666

 
1,643,216

 
1,637,420

Total held-to-maturity securities
 
 
 
1,492,480

 
1,512,666

 
1,643,216

 
1,637,420

 
 
 
 
 
 
 
 
 
 
 
Loans receivable
 
3
 
9,628,576

 
10,206,509

 
9,170,634

 
9,667,750

FDIC indemnification asset
 
3
 
13,250

 
12,633

 
16,275

 
15,522

FHLB and FRB stock
 
2
 
117,205

 
117,205

 
107,198

 
107,198

        Other assets - interest rate contracts
 
2
 
22,085

 
22,085

 
11,879

 
11,879

 
 
 
 
 
 
 
 
 
 
 
Financial liabilities
 
 
 
 
 
 
 
 
 
 
Customer accounts
 
2
 
10,578,916

 
10,182,610

 
10,631,703

 
10,004,290

FHLB advances
 
2
 
2,080,000

 
2,211,686

 
1,830,000

 
1,938,384

        Other liabilities - interest rate contracts
 
2
 
22,085

 
22,085

 
11,879

 
11,879

Other liabilities - commercial loan hedge
 
2
 
3,394

 
3,394

 
966

 
966

        Other liabilities - long term borrowing hedge
 
2
 
35,533

 
35,533

 
14,555

 
14,555

The following table presents the fair value and balance sheet classification of derivatives at June 30, 2016 and September 30, 2015:
 
 
Asset Derivatives
 
Liability Derivatives
 
 
June 30, 2016
 
September 30, 2015
 
June 30, 2016
 
September 30, 2015
 
 
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
 
$
22,085

 
Other assets
 
$
11,879

 
Other liabilities
 
$
22,085

 
Other liabilities
 
$
11,879

Commercial loan hedge
 
Other assets
 

 
Other assets
 

 
Other liabilities
 
3,394

 
Other liabilities
 
966

Long term borrowing hedge
 
Other assets
 

 
Other assets
 

 
Other liabilities
 
35,533

 
Other liabilities
 
14,555

 
 
 
 
$
22,085

 
 
 
$
11,879

 
 
 
$
61,012

 
 
 
$
27,400