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Loans Receivable (Tables) | 12 Months Ended
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Sep. 30, 2018
Receivables [Abstract] |
Schedule of loans receivable | The following table is a summary of loans receivable.
| September 30, 2018 |  | September 30, 2017
| (In thousands) |  | (In thousands)
Gross loans by category |  |  |  |  |
Single-family residential | $ | 5,798,966 |  | 45.1 | % |  | $ | 5,711,004 |  | 46.8 | %
Construction | 1,890,668 |  | 14.7 |  |  | 1,597,996 |  | 13.1 |
Construction - custom | 624,479 |  | 4.9 |  |  | 602,631 |  | 4.9 |
Land - acquisition & development | 155,204 |  | 1.2 |  |  | 124,308 |  | 1.0 |
Land - consumer lot loans | 102,036 |  | 0.8 |  |  | 104,405 |  | 0.9 |
Multi-family | 1,385,125 |  | 10.8 |  |  | 1,303,148 |  | 10.7 |
Commercial real estate | 1,452,168 |  | 11.3 |  |  | 1,434,610 |  | 11.8 |
Commercial & industrial | 1,140,874 |  | 8.9 |  |  | 1,093,360 |  | 9.0 |
HELOC | 130,852 |  | 1.0 |  |  | 144,850 |  | 1.2 |
Consumer | 173,306 |  | 1.3 |  |  | 85,075 |  | 0.7 |
Total gross loans | 12,853,678 |  | 100 | % |  | 12,201,387 |  | 100 | %
Less: |  |  |  |  |
Allowance for probable losses | 129,257 |  |  |  | 123,073 |  |
Loans in process | 1,195,506 |  |  |  | 1,149,934 |  |
Net deferred fees, costs and discounts | 51,834 |  |  |  | 45,758 |  |
Total loan contra accounts | 1,376,597 |  |  |  | 1,318,765 |  |
Net loans | $ | 11,477,081 |  |  |  | $ | 10,882,622 |  |
Schedule of fixed and adjustable rate loans | The following summary breaks down the Company's fixed rate and adjustable rate loans by time to maturity or to rate adjustment.
September 30, 2018
Fixed-Rate |  | Adjustable-Rate
Term To Maturity | Gross Loans | % of Gross Loans |  | Term To Rate Adjustment | Gross Loans | % of Gross Loans
| (In thousands) |  |  |  | (In thousands) |
Within 1 year | $ | 90,107 |  | 0.7 | % |  | Less than 1 year | $ | 3,003,472 |  | 23.4 | %
1 to 3 years | 205,442 |  | 1.6 |  |  | 1 to 3 years | 873,078 |  | 6.8 |
3 to 5 years | 280,760 |  | 2.2 |  |  | 3 to 5 years | 669,331 |  | 5.2 |
5 to 10 years | 1,069,783 |  | 8.3 |  |  | 5 to 10 years | 395,157 |  | 3.1 |
10 to 20 years | 1,137,196 |  | 8.8 |  |  | 10 to 20 years | 45,603 |  | 0.4 |
Over 20 years | 5,061,088 |  | 39.4 |  |  | Over 20 years | 22,661 |  | 0.2 |
| $ | 7,844,376 |  | 61.0 | % |  |  | $ | 5,009,302 |  | 39.0 | %
Schedule of loans receivable by geographic area | The following tables provide information regarding loans receivable by loan category and geography.
September 30, 2018 | Single - family residential | Multi- family | Land - A & D | Land - lot loans | Construction - custom | Construction | Commercial real estate | Commercial and industrial | Consumer | HELOC | Total
| (In thousands)
Washington | $ | 3,090,079 |  | $ | 341,695 |  | $ | 63,706 |  | $ | 63,268 |  | $ | 353,475 |  | $ | 593,536 |  | $ | 414,817 |  | $ | 483,288 |  | $ | 122,653 |  | $ | 76,276 |  | $ | 5,602,793 |
Oregon | 678,072 |  | 376,679 |  | 31,143 |  | 13,773 |  | 68,897 |  | 390,169 |  | 283,945 |  | 251,028 |  | 1,622 |  | 12,156 |  | 2,107,484 |
Arizona | 581,099 |  | 367,192 |  | 12,083 |  | 10,662 |  | 73,476 |  | 205,420 |  | 259,280 |  | 65,638 |  | 180 |  | 12,842 |  | 1,587,872 |
Utah | 523,402 |  | 40,678 |  | 156 |  | 4,208 |  | 62,414 |  | 301,747 |  | 30,622 |  | 37,271 |  | 15 |  | 8,710 |  | 1,009,223 |
Texas | 176,887 |  | 58,618 |  | 6,858 |  | 413 |  | 6,297 |  | 290,064 |  | 117,160 |  | 98,961 |  | 464 |  | — |  | 755,722 |
New Mexico | 197,107 |  | 131,290 |  | 20,920 |  | 2,312 |  | 28,797 |  | 62,818 |  | 174,385 |  | 19,560 |  | 748 |  | 11,695 |  | 649,632 |
Idaho | 311,613 |  | 42,509 |  | 20,338 |  | 4,429 |  | 24,514 |  | 42,554 |  | 91,202 |  | 37,327 |  | 103 |  | 7,160 |  | 581,749 |
Nevada | 198,007 |  | 26,260 |  | — |  | 2,895 |  | 6,609 |  | — |  | 20,488 |  | 17,865 |  | 24 |  | 1,962 |  | 274,110 |
Other | 42,700 |  | 204 |  | — |  | 76 |  | — |  | 4,360 |  | 60,269 |  | 129,936 |  | 47,497 |  | 51 |  | 285,093 |
| $ | 5,798,966 |  | $ | 1,385,125 |  | $ | 155,204 |  | $ | 102,036 |  | $ | 624,479 |  | $ | 1,890,668 |  | $ | 1,452,168 |  | $ | 1,140,874 |  | $ | 173,306 |  | $ | 130,852 |  | $ | 12,853,678 |
Percentage by geographic area
September 30, 2018 | Single - family residential | Multi- family | Land - A & D | Land - lot loans | Construction - custom | Construction | Commercial real estate | Commercial and industrial | Consumer | HELOC | Total
| As % of total gross loans
Washington | 24.1 | % | 2.7 | % | 0.4 | % | 0.6 | % | 2.8 | % | 4.7 | % | 3.2 | % | 3.7 | % | 0.9 | % | 0.5 | % | 43.6 | %
Oregon | 5.3 |  | 2.9 |  | 0.2 |  | 0.1 |  | 0.5 |  | 3.0 |  | 2.2 |  | 2.0 |  | — |  | 0.1 |  | 16.3 |
Arizona | 4.5 |  | 2.9 |  | 0.1 |  | 0.1 |  | 0.6 |  | 1.6 |  | 2.0 |  | 0.5 |  | — |  | 0.1 |  | 12.4 |
Utah | 4.1 |  | 0.3 |  | — |  | — |  | 0.5 |  | 2.3 |  | 0.2 |  | 0.3 |  | — |  | 0.1 |  | 7.8 |
Texas | 1.4 |  | 0.5 |  | 0.1 |  | — |  | — |  | 2.3 |  | 0.9 |  | 0.8 |  | — |  | — |  | 6.0 |
New Mexico | 1.5 |  | 1.0 |  | 0.2 |  | — |  | 0.2 |  | 0.5 |  | 1.4 |  | 0.2 |  | — |  | 0.1 |  | 5.1 |
Idaho | 2.4 |  | 0.3 |  | 0.2 |  | — |  | 0.2 |  | 0.3 |  | 0.7 |  | 0.3 |  | — |  | 0.1 |  | 4.5 |
Nevada | 1.5 |  | 0.2 |  | — |  | — |  | 0.1 |  | — |  | 0.2 |  | 0.1 |  | — |  | — |  | 2.1 |
Other | 0.3 |  | — |  | — |  | — |  | — |  | — |  | 0.5 |  | 1.0 |  | 0.4 |  | — |  | 2.2 |
| 45.1 | % | 10.8 | % | 1.2 | % | 0.8 | % | 4.9 | % | 14.7 | % | 11.3 | % | 8.9 | % | 1.3 | % | 1.0 | % | 100 | %
Percentage by geographic area as a % of each loan type
September 30, 2018 | Single - family residential | Multi- family | Land - A & D | Land - lot loans | Construction - custom | Construction | Commercial real estate | Commercial and industrial | Consumer | HELOC
| As % of total gross loans
Washington | 53.3 | % | 24.7 | % | 41.0 | % | 62.0 | % | 56.6 | % | 31.4 | % | 28.6 | % | 42.4 | % | 70.8 | % | 58.3 | %
Oregon | 11.7 |  | 27.2 |  | 20.1 |  | 13.5 |  | 11.0 |  | 20.6 |  | 19.6 |  | 22.0 |  | 0.9 |  | 9.3 |
Arizona | 10.0 |  | 26.5 |  | 7.8 |  | 10.4 |  | 11.8 |  | 10.9 |  | 17.9 |  | 5.8 |  | 0.1 |  | 9.8 |
Utah | 9.0 |  | 2.9 |  | 0.1 |  | 4.1 |  | 10.0 |  | 16.0 |  | 2.1 |  | 3.3 |  | — |  | 6.7 |
Texas | 3.1 |  | 4.2 |  | 4.4 |  | 0.4 |  | 1.0 |  | 15.3 |  | 8.1 |  | 8.7 |  | 0.3 |  | — |
New Mexico | 3.4 |  | 9.5 |  | 13.5 |  | 2.3 |  | 4.6 |  | 3.3 |  | 12.0 |  | 1.7 |  | 0.4 |  | 8.9 |
Idaho | 5.4 |  | 3.1 |  | 13.1 |  | 4.3 |  | 3.9 |  | 2.3 |  | 6.3 |  | 3.3 |  | 0.1 |  | 5.5 |
Nevada | 3.4 |  | 1.9 |  | — |  | 2.8 |  | 1.1 |  | — |  | 1.4 |  | 1.6 |  | — |  | 1.5 |
Other | 0.7 |  | — |  | — |  | 0.1 |  | — |  | 0.2 |  | 4.2 |  | 11.4 |  | 27.4 |  | — |
| 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | 100 | %
Schedule of impaired loans, loan commitments and loans serviced | The following table provides additional information on impaired loans, loan commitments and loans serviced for others.
| September 30, 2018 |  | September 30, 2017
| (In thousands)
Recorded investment in impaired loans | $ | 199,545 |  |  | $ | 251,274 |
TDRs included in impaired loans | 156,858 |  |  | 207,377 |
Specific reserves on impaired loans | 517 |  |  | 126 |
Average balance of impaired loans for year ended | 228,398 |  |  | 274,530 |
Interest income from impaired loans for year ended | 10,232 |  |  | 11,736 |
Outstanding fixed-rate origination commitments | 400,426 |  |  | 425,130 |
Gross loans serviced for others | 77,958 |  |  | 77,119 |
Non accrual loans held by the company | The following table sets forth information regarding non-accrual loans.
| September 30, 2018 |  | September 30, 2017
| (In thousands) |  | (In thousands)
Non-accrual loans: |  |  |  |  |  |  |
Single-family residential | $ | 27,643 |  |  | 49.6 | % |  | $ | 27,930 |  |  | 56.3 | %
Construction | 2,427 |  |  | 4.4 |  |  | — |  |  | — |
Construction - custom | — |  |  | — |  |  | 91 |  |  | 0.2 |
Land - acquisition & development | 920 |  |  | 1.7 |  |  | 296 |  |  | 0.6 |
Land - consumer lot loans | 787 |  |  | 1.4 |  |  | 605 |  |  | 1.2 |
Multi-family | — |  |  | — |  |  | 139 |  |  | 0.3 |
Commercial real estate | 8,971 |  |  | 16.1 |  |  | 11,815 |  |  | 23.8 |
Commercial & industrial | 14,394 |  |  | 25.8 |  |  | 8,082 |  |  | 16.3 |
HELOC | 523 |  |  | 0.9 |  |  | 531 |  |  | 1.1 |
Consumer | 21 |  |  | — |  |  | 91 |  |  | 0.2 |
Total non-accrual loans | $ | 55,686 |  |  | 100 | % |  | $ | 49,580 |  |  | 100 | %
Non-accrual loans as % of total loans | 0.49 | % |  |  |  | 0.46 | % |  |
Aging of past due loans | The following tables break down delinquent loans by loan category and delinquency bucket.
September 30, 2018 | Amount of Loans |  | Days Delinquent Based on $ Amount of Loans |  | % based on $
Loan type | Net of Loans in Process |  | Current |  | 30 |  | 60 |  | 90 |  | Total |
| (In thousands) |  |
Single-family residential | $ | 5,798,353 |  |  | $ | 5,768,253 |  |  | $ | 7,983 |  |  | $ | 3,562 |  |  | $ | 18,555 |  |  | $ | 30,100 |  |  | 0.52 | %
Construction | 1,062,855 |  |  | 1,060,428 |  |  | — |  |  | — |  |  | 2,427 |  |  | 2,427 |  |  | 0.23 |
Construction - custom | 289,192 |  |  | 289,192 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Land - acquisition & development | 123,560 |  |  | 122,620 |  |  | — |  |  | 270 |  |  | 670 |  |  | 940 |  |  | 0.76 |
Land - consumer lot loans | 101,908 |  |  | 101,294 |  |  | 144 |  |  | 117 |  |  | 353 |  |  | 614 |  |  | 0.60 |
Multi-family | 1,385,103 |  |  | 1,385,103 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Commercial real estate | 1,452,169 |  |  | 1,448,946 |  |  | 316 |  |  | 1,767 |  |  | 1,140 |  |  | 3,223 |  |  | 0.22 |
Commercial & industrial | 1,140,874 |  |  | 1,130,836 |  |  | — |  |  | — |  |  | 10,038 |  |  | 10,038 |  |  | 0.88 |
HELOC | 130,852 |  |  | 129,510 |  |  | 567 |  |  | 469 |  |  | 306 |  |  | 1,342 |  |  | 1.03 |
Consumer | 173,306 |  |  | 172,777 |  |  | 172 |  |  | 328 |  |  | 29 |  |  | 529 |  |  | 0.31 |
Total Loans | $ | 11,658,172 |  |  | $ | 11,608,959 |  |  | $ | 9,182 |  |  | $ | 6,513 |  |  | $ | 33,518 |  |  | $ | 49,213 |  |  | 0.42 | %
Delinquency % |  |  | 99.58% |  | 0.08% |  | 0.06% |  | 0.29% |  | 0.42% |  |
September 30, 2017 | Amount of Loans |  | Days Delinquent Based on $ Amount of Loans |  | % based on $
Loan type | Net of Loans in Process |  | Current |  | 30 |  | 60 |  | 90 |  | Total |
| (In thousands) |  |
Single-family residential | $ | 5,709,690 |  |  | $ | 5,671,933 |  |  | $ | 10,925 |  |  | $ | 4,810 |  |  | $ | 22,022 |  |  | $ | 37,757 |  |  | 0.66 | %
Construction | 793,959 |  |  | 793,959 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Construction - custom | 277,599 |  |  | 277,508 |  |  | — |  |  | — |  |  | 91 |  |  | 91 |  |  | 0.03 |
Land - acquisition & development | 104,856 |  |  | 104,526 |  |  | — |  |  | — |  |  | 330 |  |  | 330 |  |  | 0.31 |
Land - consumer lot loans | 104,335 |  |  | 103,389 |  |  | 112 |  |  | 680 |  |  | 154 |  |  | 946 |  |  | 0.91 |
Multi-family | 1,303,119 |  |  | 1,302,720 |  |  | 5 |  |  | 255 |  |  | 139 |  |  | 399 |  |  | 0.03 |
Commercial real estate | 1,434,610 |  |  | 1,432,052 |  |  | 507 |  |  | — |  |  | 2,051 |  |  | 2,558 |  |  | 0.18 |
Commercial & industrial | 1,093,360 |  |  | 1,092,735 |  |  | — |  |  | 51 |  |  | 574 |  |  | 625 |  |  | 0.06 |
HELOC | 144,850 |  |  | 143,974 |  |  | 221 |  |  | 342 |  |  | 313 |  |  | 876 |  |  | 0.60 |
Consumer | 85,075 |  |  | 84,644 |  |  | 245 |  |  | 107 |  |  | 79 |  |  | 431 |  |  | 0.51 |
Total Loans | $ | 11,051,453 |  |  | $ | 11,007,440 |  |  | $ | 12,015 |  |  | $ | 6,245 |  |  | $ | 25,753 |  |  | $ | 44,013 |  |  | 0.40 | %
Delinquency % |  |  | 99.60% |  | 0.11% |  | 0.06% |  | 0.23% |  | 0.40% |  |
Schedule of loan modifications | The following table provides information related to loans that were modified in a TDR during the periods presented.
| Twelve Months Ended September 30, 2018 |  | Twelve Months Ended September 30, 2017
|  |  | Pre-Modification |  | Post-Modification |  |  |  | Pre-Modification |  | Post-Modification
|  |  | Outstanding |  | Outstanding |  |  |  | Outstanding |  | Outstanding
| Number of |  | Recorded |  | Recorded |  | Number of |  | Recorded |  | Recorded
Troubled Debt Restructurings: | Contracts |  | Investment |  | Investment |  | Contracts |  | Investment |  | Investment
|  |  | (In thousands) |  |  |  | (In thousands)
Single-family residential | 27 |  |  | $ | 5,070 |  |  | $ | 5,070 |  |  | 38 |  |  | $ | 7,115 |  |  | $ | 7,115 |
Land - acquisition & development | 1 |  |  | 107 |  |  | 107 |  |  | — |  |  | — |  |  | — |
Land - consumer lot loans | — |  |  | — |  |  | — |  |  | 2 |  |  | 211 |  |  | 211 |
Commercial real estate | 1 |  |  | 120 |  |  | 120 |  |  | — |  |  | — |  |  | — |
Commercial & industrial | 4 |  |  | 7,739 |  |  | 7,739 |  |  | — |  |  | — |  |  | — |
HELOC | 2 |  |  | 95 |  |  | 95 |  |  | 4 |  |  | 552 |  |  | 552 |
Consumer | 1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| 36 |  |  | $ | 13,131 |  |  | $ | 13,131 |  |  | 44 |  |  | $ | 7,878 |  |  | $ | 7,878 |
The following table provides 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.
| Twelve Months Ended September 30, 2018 |  | Twelve Months Ended September 30, 2017
| Number of |  | Recorded |  | Number of |  | Recorded
TDRs That Subsequently Defaulted: | Contracts |  | Investment |  | Contracts |  | Investment
| (In thousands) |  | (In thousands)
Single-family residential | 4 |  |  | $ | 433 |  |  | 24 |  |  | $ | 4,214 |
Commercial real estate | — |  |  | — |  |  | 2 |  |  | 267 |
HELOC | 1 |  |  | 77 |  |  | — |  |  | — |
| 5 |  |  | $ | 510 |  |  | 26 |  |  | $ | 4,481 |

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