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Loans Receivable (Tables)

6 Months Ended

Mar. 31, 2018

Receivables [Abstract]

Schedule of Loans Receivable

The following table is a summary of loans receivable.

	March 31, 2018						September 30, 2017
	(In thousands)						(In thousands)
Gross loans by category
Single-family residential	$	5,705,350		45.5	%		$	5,711,004		46.8	%
Construction	1,732,202			13.8			1,597,996			13.1
Construction - custom	597,671			4.8			602,631			4.9
Land - acquisition & development	141,628			1.1			124,308			1.0
Land - consumer lot loans	102,779			0.8			104,405			0.9
Multi-family	1,328,049			10.6			1,303,148			10.7
Commercial real estate	1,443,437			11.5			1,434,610			11.8
Commercial & industrial	1,151,108			9.2			1,093,360			9.0
HELOC	135,119			1.1			144,850			1.2
Consumer	202,911			1.6			85,075			0.7
Total gross loans	12,540,254			100	%		12,201,387			100	%
Less:
Allowance for loan losses	127,576						123,073
Loans in process	1,141,018						1,149,934
Net deferred fees, costs and discounts	47,572						45,758
Total loan contra accounts	1,316,166						1,318,765
Net loans	$	11,224,088					$	10,882,622

Summary of Information Regarding Non-Accrual Loans

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

	March 31, 2018							September 30, 2017
	(In thousands)
Non-accrual loans:
Single-family residential	$	25,319			47.1	%		$	27,930			56.3	%
Construction	2,296				4.3			—				—
Construction - custom	—				—			91				0.2
Land - acquisition & development	2,004				3.7			296				0.6
Land - consumer lot loans	1,045				1.9			605				1.2
Multi-family	—				—			139				0.3
Commercial real estate	9,527				17.7			11,815				23.8
Commercial & industrial	13,362				24.8			8,082				16.3
HELOC	217				0.4			531				1.1
Consumer	38				0.1			91				0.2
Total non-accrual loans	$	53,808			100	%		$	49,580			100	%
% of total net loans	0.48		%					0.46		%

Analysis of Age of Loans in Past Due Status

The following tables provide details regarding delinquent loans.

March 31, 2018	Loans Receivable				Days Delinquent Based on $ Amount of Loans																				% based on $
Type of Loan	Net of Loans In Process				Current				30				60				90				Total Delinquent
	(In thousands)
Single-family residential	$	5,704,505			$	5,675,605			$	6,268			$	3,621			$	19,011			$	28,900			0.51	%
Construction	916,662				913,419				948				—				2,295				3,243				0.35
Construction - custom	295,699				295,699				—				—				—				—				—
Land - acquisition & development	119,063				117,200				—				—				1,863				1,863				1.56
Land - consumer lot loans	102,705				101,837				328				—				540				868				0.85
Multi-family	1,328,027				1,327,864				29				134				—				163				0.01
Commercial real estate	1,443,437				1,441,459				1,275				98				605				1,978				0.14
Commercial & industrial	1,151,108				1,143,385				1,850				5,752				121				7,723				0.67
HELOC	135,119				134,866				163				30				60				253				0.19
Consumer	202,911				202,413				348				127				23				498				0.25
Total Loans	$	11,399,236			$	11,353,747			$	11,209			$	9,762			$	24,518			$	45,489			0.40	%
Delinquency %					99.60%				0.10%				0.09%				0.22%				0.40%

September 30, 2017	Loans Receivable				Days Delinquent Based on $ Amount of Loans																				% based on $
Type of Loan	Net of Loans In Process				Current				30				60				90				Total Delinquent
	(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 Impaired Loans, Loan Commitments and Loans Serviced

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

	Three Months Ended March 31,
	2018											2017
				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	12			$	2,183			$	2,183			8			$	1,712			$	1,712
	12			$	2,183			$	2,183			8			$	1,712			$	1,712

	Six Months Ended March 31,
	2018											2017
				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	20			$	4,195			$	4,195			20			$	3,846			$	3,846
Land - consumer lot loans	—			—				—				1			204				204
Commercial & Industrial	3			7,256				7,256				—			—				—
HELOC	—			—				—				1			228				228
	23			$	11,451			$	11,451			22			$	4,278			$	4,278

Schedule of Loan Modifications

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.

	Three Months Ended March 31,
	2018							2017
	Number of			Recorded				Number of			Recorded
	Contracts			Investment				Contracts			Investment
	(In thousands)							(In thousands)
Trouble Debt Restructurings That Subsequently Defaulted:
Single-family residential	1			$	162			7			$	1,192
	1			$	162			7			$	1,192

	Six Months Ended March 31,
	2018							2017
	Number of			Recorded				Number of			Recorded
	Contracts			Investment				Contracts			Investment
	(In thousands)							(In thousands)
Troubled Debt Restructurings That Subsequently Defaulted:
Single-family residential	2			$	206			13			$	3,185
Commercial real estate	—			—				2			267
	2			$	206			15			$	3,452

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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5111-111524

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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Tabular disclosure of nonaccrual and past due financing receivables (such as loans and trade receivables), including: (a) the recorded investment in loans and trade receivables, if applicable, on nonaccrual status as of each balance sheet date (b) the recorded investment in loans and trade receivables, if applicable, past due 90 days or more and still accruing.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
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-Section 50
-Paragraph 7
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Tabular disclosure of financing receivables and troubled debt restructurings.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953676-111524

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